Manager, European Accounts Payable

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. 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 European portfolio, including the UK, has experienced consistent growth quarter-on-quarter 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.

Realty Income is seeking a Manager, European Accounts Payable to lead the end-to-end accounts payable function for its international business. Reporting to the Director of Treasury, Europe, this role will oversee accurate and timely multi-currency payments, maintain strong controls and compliance, lead the outsourced AP delivery model, and serve as the primary AP partner and escalation point for UK and European stakeholders.

The successful candidate will combine operational command of AP with confident stakeholder leadership, provider governance, performance reporting, and continuous improvement.

• Lead international accounts payable service delivery across invoice processing, vendor maintenance, payment operations, query handling, close activities, and issue resolution.
• Supervise and train AP staff on policies and procedures, working with Internal Audit to maintain SOX compliance.
• Manage outsourced AP providers through service expectations, KPIs, workload allocation, formal reviews, issue escalation, risk management, and continuous improvement.
• Act as the primary AP business partner and escalation point for Finance, Treasury, Legal, Property Management, Asset Management, and other international teams.
• Constructively challenge stakeholders when payment processes, approval requirements, coding standards, or control procedures are not followed.
• Establish, monitor, analyse, and report AP KPIs covering payment timeliness, aged invoices, query resolution, workload, service quality, outstanding issues, and risks.
• Prepare and present weekly AP status reports and management recommendations on team and provider performance, payments, escalations, risks, and priorities.
• Own and maintain the AP control framework, including company policy, delegated authority, SOX, audit, and governance requirements.
• Oversee invoice processing and approvals in Yardi, including Expense Type and GL account accuracy, while providing direct processing cover when required.
• Oversee vendor setup and maintenance, vendor callbacks, outgoing transactions, manual payments, returned invoices, and payment discrepancy research.
• Use Kyriba and relevant bank portals to support intercompany and other payments, monitor rejected payments and fraud queues, and ensure timely reprocessing.
• Manage resource allocation and capacity planning for peak periods, month-end, annual leave, and business growth; recommend future team and support models.
• Complete assigned month-end and quarter-end close activities and support Treasury with payments, banking, process improvement, and ad hoc…