What are the responsibilities and job description for the Assistant Accounting Manager, Real Estate Transactions position at Welltower Inc.?
SUMMARY
The Transactions team at Welltower is a dynamic and non-traditional accounting team as we deal with a variety of real estate transactions, such as acquisitions, dispositions, and restructures. This role is primarily responsible for performing a detail review of transaction entries, preparing and/or reviewing accounting memos for transactions, overseeing transactions’ coordination with internal and external parties as needed, and training accounting staff and seniors on the team.
KEY RESPONSIBILITIES
- Perform a detail review of executed legal agreements for accounting implications
- Assist with technical accounting research
- Prepare or lead the preparation of technical accounting memos for various investment transactions
- Perform a detail review of journal entries for acquisitions, dispositions, and other investment activity
- Assist in creation of new investment structures in Welltower’s financial reporting systems
- Oversee the development and maintenance of accounting estimation models
- Oversee the monitoring of financial results of various investment structures
- Collaborate with other departments (Tax, Investments, Finance) on appropriate accounting treatment for various investment structures
- Assist in preparation of quarterly external reporting disclosures
- Supervise and coach accounting staff/seniors
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of this employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
TRAVEL
Minimal travel is expected for this position.
MINIMUM REQUIREMENTS
- Bachelor’s degree in accounting is required
- Work experience of at least five years
- Knowledge of accounting theory, including GAAP and IFRS, is required
- Professional certification of CPA or equivalent is strongly desired
- Expertise of consolidation principles and models (VOE/VIE), lease classification and lease accounting
- Extensive knowledge of financial accounting principles and experience in financial reporting and internal controls
- A strong aptitude for accounting systems; proficiency in software and tools used for financial analysis. Able to troubleshoot issues and extract information for data analysis
- Strong business acumen with an ability to understand financial and investment models
- An ability to build effective relationships with partners as well as colleagues at all levels across the organization
- Familiarity with real estate and international experience is a plus
Applicants must be able to pass a pre-employment drug screen.
WHAT WE OFFER
- Competitive Base Salary Annual Bonus
- Generous Paid Time Off and Holidays
- Employer-matching 401(k) Program Profit Sharing Program
- Student Debt Program – we’ll contribute up to $10,000 towards your student loans!
- Tuition Assistance Program
- Employee Stock Purchase Program – purchase shares at a 15% discount
- Comprehensive and progressive Medical/Dental/Vision options
- And much more! https://welltower.com/newsroom/careers/
ABOUT WELLTOWER
Welltower, an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com
Welltower is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our people. EOE/AA. Minority/Female/Sexual Orientation/Gender Identity/Disability/Vet
