Manager, Joint Venture Accounting

Realty Income, The Monthly Dividend Company®, is a member of the Aristocrat's index within the S&P 500.

Our purpose is to build enduring relationships and brighter financial futures. As the 6th largest REIT in the nation, our monthly dividends are supported by the cash flow from over 11,000 real estate properties owned under long-term lease agreements with global commercial tenants. To date, our company has declared over 600 consecutive common stock monthly dividends throughout its 53-year operating history and has continually increased the dividend since Realty Income's public listing in 1994 (NYSE: O). Our company attracts individuals who value integrity, perseverance, and teamwork. If you appreciate working in a professional environment that rewards employees based on merit and values a work-life balance, make sure to apply today!
Position Summary:

Reporting to the Director, Corporate Accounting, the Manager, Joint Venture Accounting is responsible for addressing the financial statement and reporting requirements for the company’s various consolidated and unconsolidated joint ventures (JVs). Among other special projects, the position will frequently interact with our JV partners to ensure that the operations of the JV are running in accordance with the applicable terms, perform accounting research on applicable questions, and report on the financial statements of the JVs. The position will ensure that Accounting has the necessary technology and tools to support company growth for its JVs.

What you’ll be working on:

General Ledger and Compliance

• (M) Assist the JVs in accessing resources and services (e.g. skills, data, tools, best practices, relationships) inside the company
• (M) Review calculation of distributions to JV partner
• (M) Work with the JV Board to develop and update the company’s strategy for given JVs
• (M) Review of monthly JV transactions, journal entries and general ledger account reconciliations
• (M) Understand all interfaces between the company and JVs and intervene where necessary to ensure value creation and maintain support
• (M) Monitor and manage or coordinate information requests, audits, and communications between JV parties

Financial Reporting

• (V) Establishment and participation in the review procedures utilized for drafts of all JV financial packages, to ensure that backup ties to reported amounts
• (V) Administrate software to be used for internal preparation of JV documents
• (Q) Manage ongoing operational and financial performance reporting, including internal metrics, tracking and investor-level reporting, as mandated by the JV agreements.
• (M) Oversee and conduct analysis on JVs, prepare materials for internal discussion and approvals, and manage the preparation of the JV financial statements

Research

• (V) Create and maintain JV accounting policies or processes and streamline internal processes to gain efficiencies and maintain sound internal controls
• (V) Special projects, including performing accounting research, formally documenting the conclusions of management by preparing memos, and assisting the Technical Accounting Group to comply with new accounting standards and disclosures related to JVs

Other

• (V) Evaluate software needs to troubleshoot potential gaps and ensure that adequate tools are maintained for the group
• (Q) Preparation/review of quarterly management materials
• Frequently working with external auditors to comply with SEC and SOX requirements
• (D) Involvement in the continuing design and maintenance of our ERP system (Yardi)
• Frequently assisting Accounting Management with the preparation and review of JV requirements
• Working with Accounting Management daily to initiate, record, or review key transactions in accordance with U.S. GAAP
• (M) Coordinate preparation of fluctuation analysis for month-end financials
• (V) Ad-hoc accounting and financial reporting special projects, as assigned

Required Qualifications:

• Big 4 or National audit firm (or equivalent) experience
• Licensed Certified Public Accountant (CPA)
• Strong oral and written communication skills.
• Ability to work in a fast-paced environment and meet public company reporting deadlines.
• Detail-oriented, accurate, reliable and flexible.
• Strong interpersonal and relationship-building skills.
• Driven and self-motivated; ability to work independently without supervision.
• Excellent PC skills including Outlook, Word, Excel and PowerPoint.
• 5+ years of relevant work experience, preferred in joint venture accounting
• Must have a clear and thorough understanding of U.S. GAAP.
• Strong financial acumen and knowledge of financial statements.
• Ability to execute in ambiguous situations and take the lead without explicit instructions.
• BS in Accounting/Finance

What you will get in return:

Realty Income expects to pay a base salary in the range of $87,550 - $138,971. You may be eligible for an annual discretionary bonus and an annual discretionary stock award, (dependent on date of hire) to be discussed during the initial phone interview. Base salary and total compensation package determined by the candidate's experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data.

Most US based full-time and part-time roles come with flexible schedules. We offer a best-in-class benefits package that includes healthcare, dental, and vision insurance for employees and eligible dependents. Our 401(k)-retirement plan has a company match of 50% up to 6% of eligible compensation. Realty Income also offers other wellness, financial, and work/lifestyle-specific benefits, along with 12 PTO hours every month; in addition to 12 paid holidays, and paid volunteer time. Realty Income’s purpose is to build enduring relationships and brighter financial futures, and this starts with you!