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- Tasks: Join us as a Senior Accountant, managing financial reports and analyses in a dynamic real estate environment.
- Company: Realty Income is a leading S&P 500 real estate investment trust with a global portfolio worth $58bn.
- Benefits: Enjoy career growth opportunities, a supportive culture, and the chance to make a real impact.
- Why this job: Be part of a mission-driven company that values diversity and fosters meaningful relationships.
- Qualifications: Must be a qualified accountant with experience in commercial real estate and strong financial skills.
- Other info: We celebrate diversity and are committed to creating an inclusive environment for all employees.
The predicted salary is between 43200 - 72000 £ per year.
This job is brought to you by Jobs/Redefined, the UK\’s leading over-50s age inclusive jobs board.
Description
About Realty Income
Realty Income (NYSE: O), an S&P 500 company, is a real estate partner to the world\’s leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of 15,600 properties in all 50 U.S. states, the UK and six other countries in Europe, with a gross book value $58bn. We are known as \”The Monthly Dividend Company\” and have a mission to deliver stockholders dependable monthly dividends that grow over time. Since our founding, we have declared 656 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats index, having increased our dividend for the last 30 consecutive years.
The European portfolio, including the UK, has grown significantly since our first international acquisition, a £429m 12-property portfolio from Sainsbury\’s in 2019. In just five years the portfolio now includes investments of over €11bn, and 483 distinct properties.
You will be joining one of the largest Real Estate Investment Trusts in the world as we rapidly expand into the UK and European markets, including moving into new offices at 3 St. James\’s Square. The depth and scope of the role will enable you to make an impact on the development of the accounting function, taking on additional responsibilities and challenges; with dynamic opportunities for career growth as the company expands.
Position Overview:
The Senior Accountant is responsible for the preparation and review of monthly financial reports and analysis in accordance with company accounting policies. The job involves preparation of complex journal entries, balance sheet account reconciliations, analysis and comments. The ideal candidate has a continuous improvement mindset and will aim to increase the efficiency of the processes. The Senior Accountant liaises with third-party property managers and internal teams to ensure adherence to company policies and accurate and timely execution of the operating procedures.
Key Responsibilities:
Financial Reporting and Analysis
- Timely perform month-end close procedures for assigned balance sheet and income statement reconciliations in accordance with the company accounting policies.
- Review assigned month-end close work papers and journal entries.
- Perform monthly financial statement fluctuation analysis.
- Provide supporting documents for audit; work with internal/external auditors to comply with local audit requirements including participation in internal control walkthroughs.
General Ledger
- Analyse and interpret GL data to ensure proper revenue and expense recognition.
- Record property acquisitions, review transaction information.
- Prepare/review monthly bank reconciliations.
- Obtain, manipulate, and incorporate data from third parties into account reconciliations of journal entries.
- Prepare payment calculations, distributions, and reporting packages for JV partners
- Analyse and interpret GL data to ensure proper recognition of equity and loan advances.
Financial Operations Accounting:
- Oversee third-party property managers as it relates to Operational Accounting:
- Calculating and collecting rents, service charge expenses, insurance premiums, and tax expenses.
- Insurance and property tax payments, accruals, and recoveries.
- Review coding instructions for vendor invoices supporting other teams/departments.
- Review and oversight of accounts receivable balances for countries under responsibility.
- Proactively follow up on past due amounts and address any client disputes regarding billing activities.
- Oversight of cash application for portfolio tenant ledger charges.
- Analyse lease agreements to determine straight-line rent calculations.
- Support acquisitions on-boarding.
Other Responsibilities
- Support/back up other accounting functions as needed.
- Consistently review current processes for improvement.
- Performs other special projects as assigned.
Candidate Requirements
Knowledge, Skills, and Abilities
Must have for the role:
- Suitable post qualified accounting experience within commercial real estate.
- Fully qualified accountant ( ACA / ACCA / CA or equivalent) or equivalent work experience.
- Strong financial acumen and knowledge of financial statements, and a thorough understanding of general accounting standards.
- Must be organised, detailed, flexible, efficient, and take ownership of own work product.
- Ability to work in a fast-paced environment and meet strict month and quarterly reporting deadlines.
- Strong verbal and written communication skills.
- Excellent PC skills, including Outlook, Word, Excel, and PowerPoint.
Desirable but not essential:
- REIT experience.
- Yardi general ledger software experience.
- Top 4 qualified.
Our Mission & Values
For more than 50 years, Realty Income has been guided by our mission to invest in people and places to deliver dependable monthly dividends that increase over time. We do this by nurturing long-term, meaningful relationships that enable people to achieve a better financial outlook. We understand that when individuals succeed financially, they are able to provide for their families, support local businesses and pursue their greatest ambitions, creating a lasting positive impact on communities.
Realty Income is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.
Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact (email protected), or call 800-375-6700. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.
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Senior Accountant - Real Estate, UK employer: Realty Income
Contact Detail:
Realty Income Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Accountant - Real Estate, UK
✨Tip Number 1
Familiarise yourself with Realty Income's portfolio and recent acquisitions. Understanding their investment strategy and key properties will help you demonstrate your knowledge during interviews and show that you're genuinely interested in the company.
✨Tip Number 2
Network with professionals in the real estate accounting field, especially those who have experience with REITs. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the role and company culture.
✨Tip Number 3
Brush up on your knowledge of Yardi software if you haven't used it before. Since it's mentioned as a desirable skill, having a basic understanding or even completing a short course could set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with financial reporting and analysis in detail. Be ready to provide examples of how you've improved processes in previous roles, as this aligns with the company's focus on continuous improvement.
We think you need these skills to ace Senior Accountant - Real Estate, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial real estate and showcases your qualifications as a fully qualified accountant. Use specific examples that demonstrate your financial acumen and understanding of general accounting standards.
Craft a Compelling Cover Letter: Write a cover letter that reflects your enthusiasm for the role and the company. Mention your continuous improvement mindset and how you can contribute to the efficiency of their accounting processes. Be sure to align your values with those of Realty Income.
Highlight Relevant Skills: In your application, emphasise your strong verbal and written communication skills, as well as your proficiency in software like Excel and Yardi if applicable. Mention any experience with month-end close procedures and financial reporting.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Senior Accountant role.
How to prepare for a job interview at Realty Income
✨Know Your Numbers
As a Senior Accountant, you'll be expected to have a strong grasp of financial statements and accounting standards. Brush up on your knowledge of balance sheets, income statements, and cash flow statements, and be prepared to discuss how you've applied this knowledge in previous roles.
✨Demonstrate Your Problem-Solving Skills
The role requires a continuous improvement mindset. Be ready to share examples of how you've identified inefficiencies in accounting processes and the steps you took to improve them. This will show your potential employer that you're proactive and results-oriented.
✨Familiarise Yourself with REITs
While not essential, having knowledge about Real Estate Investment Trusts (REITs) can set you apart from other candidates. Research how REITs operate, their financial structures, and any relevant regulations. This will demonstrate your genuine interest in the sector.
✨Prepare for Technical Questions
Expect technical questions related to general ledger analysis, journal entries, and month-end close procedures. Review common accounting scenarios and be ready to explain your thought process and decision-making in these situations.
