What are the responsibilities and job description for the Staff Accountant - Lease Accounting position at Welltower Inc.?
SUMMARY
The Staff Accountant at Welltower plays a key role in managing lease accounting and ensuring the accurate reporting of financials in compliance with US GAAP. In this role, you will be responsible for abstracting lease documents, analyzing lease terms, and ensuring timely, precise financial reporting. Your expertise will contribute to the overall accuracy of our portfolio, supporting compliance and driving operational efficiency. This position offers the opportunity to work closely with various teams and play a vital role in the financial integrity of our operations.
KEY RESPONSIBILITIES
- Review the set up and maintenance of lease agreements in Yardi to ensure complete and timely recognition of revenue over the life of the agreement.
- Create, update and maintain rent schedules per the legal terms of the lease.
- Set up the operating expense recovery schedules to accommodate each agreement as necessary.
- Read and understand lease agreements as well as all other related legal documents.
- Review and understand rent roll reports, including occupancy.
- Provide internal reporting requirements for all new leasing activity on a monthly basis.
- Analyze and reconcile income statement and balance sheet accounts on a monthly basis.
- Assist with bad debt review and determinations.
- Communicate with different internal teams to ensure appropriate accounting ancillary terms/amounts and dates for leases are input correctly.
- Review and set up necessary fixed assets associated with the lease.
- Help reconcile any acquisition or disposition of properties.
- Prepare supporting schedules for applicable external reporting requirements.
- Facilitate all audit requests regarding leases from internal and external auditors.
- Identify areas of process improvement to create more effective and automated processes.
- Provide documentation for all SOX requirements.
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
No travel is expected for this position.
MINIMUM REQUIREMENTS
- Bachelor’s degree in accounting is required
- 1–3 years relevant corporate and/or public accounting experience
- Proven analytical and quantitative skills
- Advanced Microsoft Excel skills
- A working knowledge of US GAAP
- Ability to manage multiple deadlines simultaneously in a fast-paced environment
- Attention to detail and ability to multi-task
- Excellent interpersonal and communication skills
ADDITIONAL ELIGIBILITY REQUIREMENTS
CPA is preferred but not required.
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
