What are the responsibilities and job description for the Accounting Manager position at AvalonBay Communities?
Overview
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the requirements listed below are representative of knowledge, skills and or ability required.
- Undergraduate Degree in Accounting from an accredited business school.
- CPA designation is desired.
- 4-5 years accounting experience in financial statement preparation and review preferred.
- Previous supervisory experience desired.
- Real Estate background desired.
- Possess a strong customer service focus. Excellent communication skills (both verbal and written).
- Strong working knowledge of Excel and Word.
- Experience with pivot tables and lookup or sumif formulas highly desired.
- Superior time management and organizational skills.
- Is able to effectively train and review work completed by staff.
- Ability to work under pressure.
- Is able to work well with accounting team, property management team, on-site associates and other departments including upper management.
- Possess strong analytical skills. Strong sense of teamwork and work ethic demonstrated.
- Willing to work on a flexible schedule (some overtime required).
Duties & Tasks
- Coach and mentor a team of accountants at various levels.
- Monitor the monthly & mid-month timeline to ensure all assignments are completed by the deadline.
- Review staff’s analytics and variance explanations for revenue, expense and balance sheet accounts.
- Review monthly comments by bucket to explain material budget or prior month variances.
- Manage the Fixed Asset system, capitalization policies, depreciation calculations and analytics.
- Oversee all Debt payments, accruals, lender reporting, analytics and document compliance.
- Manage utilities including accruals, payments, and analytics.
- Possess detailed understanding of all financial transactions, systems, and related industry terms.
- Analyze account activity, balances and variances.
- Review agreements and contracts to ensure compliance in reporting and payment obligations.
- Review intercompany balances.
- Effectively use the Workday ERP to prepare and analyze financial statements, transactions, and account activity.
- Develop an expertise in other systems including various Utility websites, Serengeti, Sales Force and MRI property management.
- Evaluate, develop and document accounting procedures, policies and controls.
- Assist with internal or external audits as assigned.
- Evaluate and implement process improvements and efficiencies.
How AvalonBay Supports You
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We offer:
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
