What are the responsibilities and job description for the RS Accounting Assistant Controller 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
The Assistant Controller/RS Accounting manages the managerial team of RS Accounting to ensure financials are accurate and timely according to US GAAP and corporate guidelines. This includes reviewing and analyzing monthly financials, variance explanations, reconciliations, and G/L activity by category for the communities. Position also coordinates the accounting for dispositions, acquisitions, and joint ventures, as well as oversees the external property audits and third-party management relationships.
Supervise RS Accounting Managers and Supervisors to include recruiting, assignments, training, coaching and development as well as performance evaluations.
Oversee the achievement of department and individual annual goals and projects.
Coordinate the timely completion of all internal and external community audits with the auditors and the team as well as review audited financial statements and footnotes.
Review and analyze financials, variance explanations, reconciliations and G/L activity for complex categories as well as provide feedback and action items.
Manage complex transactions and reporting for acquisitions, dispositions, true ups, joint ventures, and third-party management arrangements.
Achieve a detailed understanding of all financial transactions, systems, policies, procedures, corporate guidelines as well as provide technical accounting expertise and advice.
Prepare corporate reports with budget and prior month variance explanations by community for Total Revenue and Expense which exceed thresholds.
Release ACH disbursements and sign checks as needed.
Act as a liaison to Corporate Accounting and other departments such as Finance, Investments, Retail and Operations as well as to utility providers.
Review and interpret legal agreements as well as monitor lender and joint venture reporting, distributions, and relationships.
Monitor and ensure compliance with internal controls including the quarterly certification of controls to meet Sarbanes-Oxley requirements.
Determine management responses for any audit findings.
Evaluate, develop and document accounting procedures, policies and controls
Evaluate and implement process improvements.
Participate in budgeting, system conversions or corporate initiatives as assigned.
Submit requests for new banks, bank closures, new business units or GL accounts.
Education
Bachelor’s degree in accounting from an accredited 4-year university or college
Experience
Minimum of 7-10 years accounting experience including monthly financial statement preparation and review as well as previous managerial experience
CPA certificate or Graduate degree desired
Experience in Real Estate, Public Accounting and Auditing a plus
System knowledge of Workday or MRI a plus
Knowledge, Skills, Abilities
Solid accounting background in US GAAP, audits, financial close and reporting process
Excellent communication skills (both written and verbal)
Proven ability to effectively train and supervise staff
Strong Analytical Skills And Problem-solving Abilities
Strong knowledge of Microsoft Office products
Advanced Excel skills required with VB Macro experience a plus
Superior time management and organizational skills
Ability to work under pressure and to interact with all levels of management
Demonstrate teamwork and strong work ethics and customer focus
Willingness to work flexible hours
Demonstrate strong initiative and project management skills
Proven leadership skills with ability to take charge and assume responsibility
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/)
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
The Assistant Controller/RS Accounting manages the managerial team of RS Accounting to ensure financials are accurate and timely according to US GAAP and corporate guidelines. This includes reviewing and analyzing monthly financials, variance explanations, reconciliations, and G/L activity by category for the communities. Position also coordinates the accounting for dispositions, acquisitions, and joint ventures, as well as oversees the external property audits and third-party management relationships.
Supervise RS Accounting Managers and Supervisors to include recruiting, assignments, training, coaching and development as well as performance evaluations.
Oversee the achievement of department and individual annual goals and projects.
Coordinate the timely completion of all internal and external community audits with the auditors and the team as well as review audited financial statements and footnotes.
Review and analyze financials, variance explanations, reconciliations and G/L activity for complex categories as well as provide feedback and action items.
Manage complex transactions and reporting for acquisitions, dispositions, true ups, joint ventures, and third-party management arrangements.
Achieve a detailed understanding of all financial transactions, systems, policies, procedures, corporate guidelines as well as provide technical accounting expertise and advice.
Prepare corporate reports with budget and prior month variance explanations by community for Total Revenue and Expense which exceed thresholds.
Release ACH disbursements and sign checks as needed.
Act as a liaison to Corporate Accounting and other departments such as Finance, Investments, Retail and Operations as well as to utility providers.
Review and interpret legal agreements as well as monitor lender and joint venture reporting, distributions, and relationships.
Monitor and ensure compliance with internal controls including the quarterly certification of controls to meet Sarbanes-Oxley requirements.
Determine management responses for any audit findings.
Evaluate, develop and document accounting procedures, policies and controls
Evaluate and implement process improvements.
Participate in budgeting, system conversions or corporate initiatives as assigned.
Submit requests for new banks, bank closures, new business units or GL accounts.
Education
Bachelor’s degree in accounting from an accredited 4-year university or college
Experience
Minimum of 7-10 years accounting experience including monthly financial statement preparation and review as well as previous managerial experience
CPA certificate or Graduate degree desired
Experience in Real Estate, Public Accounting and Auditing a plus
System knowledge of Workday or MRI a plus
Knowledge, Skills, Abilities
Solid accounting background in US GAAP, audits, financial close and reporting process
Excellent communication skills (both written and verbal)
Proven ability to effectively train and supervise staff
Strong Analytical Skills And Problem-solving Abilities
Strong knowledge of Microsoft Office products
Advanced Excel skills required with VB Macro experience a plus
Superior time management and organizational skills
Ability to work under pressure and to interact with all levels of management
Demonstrate teamwork and strong work ethics and customer focus
Willingness to work flexible hours
Demonstrate strong initiative and project management skills
Proven leadership skills with ability to take charge and assume responsibility
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/)
