What are the responsibilities and job description for the Senior Accountant, Financial Reporting position at Welltower Inc.?
SUMMARY
Be part of something big from the very beginning! Welltower is building a cutting-edge private funds management business, and this is your chance to step in at the ground floor to help shape its success. Welltower has launched a private funds management business, leveraging its industry-leading data science platform to acquire and enhance seniors housing portfolios across the U.S. The initial portfolio includes six high-quality communities valued at $240 million, and we have also recently closed the $900 million acquisition of the NorthStar Portfolio, further strengthening our position in the market. With nearly $20 billion deployed since late 2020 and strong industry relationships, Welltower sees significant acquisition opportunities amid a fragmented market and evolving capital conditions.
The Senior Fund Accountant will play a critical role in supporting the administration and reporting of Welltower's newly announced $2 billion private investment fund. This position is integral to the fund’s growth, as more properties and investors are added to the portfolio. The role involves close collaboration with the investment team and the fund administrator, ensuring the accurate execution of transactions and compliance with reporting standards.
KEY RESPONSIBILITIES
- Record all fund-related transactions accurately and in a timely manner.
- Manage the transfer of cash between bank accounts, ensuring payments are made to investors, vendors, and managers from appropriate accounts while maintaining accurate records across entities.
- Oversee and review capital calculations performed by the fund administrator.
- Submit property company (propco) and operating company (opco) financials from Welltower's system to the fund administrator on a monthly basis.
- Prepare or review monthly and quarterly fund financial statements, ensuring accuracy and adherence to accounting standards.
- Assist in preparing for the fund’s annual audit, coordinating with external auditors and internal teams.
- Support additional reporting and accounting needs as the fund grows and evolves.
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
Some out-of-area and overnight travel may be expected.
MINIMUM REQUIREMENTS
- Bachelor's degree in Accounting, Finance, or a related field.
- CPA certification preferred.
- 5 years of experience in fund accounting, real estate investment, or a related field.
- Strong understanding of fund structures, financial reporting, and accounting principles.
- Experience working with private equity real estate or real estate investment funds is a plus.
- Proficiency in financial systems and tools, with the ability to learn new platforms quickly.
- Exceptional attention to detail, organizational, and analytical skills.
- Strong communication skills and the ability to work collaboratively across teams.
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
