What are the responsibilities and job description for the Senior Accountant - Real Estate Transactions position at Welltower Inc.?
SUMMARY
The Transactions team at Welltower is a dynamic and non-traditional accounting team as we handle a variety of real estate transactions, such as acquisitions, dispositions, and restructures. This role is primarily responsible for preparing transaction journal entries, transaction accounting memos, and coordinating transaction integration with internal teams as well as our third-party operators.
KEY RESPONSIBILITIES
- Review executed legal agreements for accounting implications
- Assist with technical accounting research and document conclusions within accounting memorandums
- Prepare journal entries for acquisitions, disposition, and other investment activity
- Assist in creation of new investment structures in Welltower’s financial reporting systems
- Develop and maintain accounting estimation models
- Monitor financial results of various investment structures
- Collaborate with other departments (Tax, Investments, Finance) on appropriate accounting treatment for various investment structures
- Collaborate with other accounting teams (such as Leases, Loans, Property accounting, and Partnerships) on the recording of transactions
- Assist in preparation of quarterly external reporting disclosures
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 to no travel is expected for this position.
MINIMUM REQUIREMENTS
- Bachelor’s degree in accounting is required
- Work experience of at least three years.
- Knowledge of accounting theory, including GAAP and IFRS, is strongly desired.
- Familiarity with real estate and international experience is a plus.
- Experience in performing financial reporting responsibilities
- An understanding of consolidation principles and models (VOE/VIE), lease classification and lease accounting
- The ability to comprehend complex accounting and investment concepts
- Proficient in accounting software, spreadsheets, and financial systems for data analysis and reporting
- Professional certification of CPA or equivalent is strongly desired.
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
