Third Party Management Senior Accountant

Third Party Management Senior Accountant

Full-time

Since opening our first self-storage facility in 1972,
Public Storage has grown to become the largest owner and operator of self-storage facilities in the world. With thousands of locations across the U.S. and Europe, and more than 170 million net rentable square feet of real estate, we’re also one of the largest landlords.

We’ve been recognized as A Great Place to Work by the Great Place to Work Institute. And, our employees have also voted us as having Best Career Growth
, ranked us in the Top 5% for Work Culture
, and in the Top 10% for Diversity and Inclusion
.

We’re a member of the S&P 500 and FT Global 500
. Our common and preferred stocks trade on the New York Stock Exchange.

The Third-Party Management (“3PM”) Senior Accountant will help oversee accounting and cash management for Public Storage’s growing 3PM program. The position will help lead a team maintaining the ledger for all banking relationships for a 360+ property portfolio, responsibilities that include bank reconciliation process (including daily and monthly reconciliations), booking wire/ACH transfers, credit card processing (including related chargebacks), customer ACH payment processing, and SOX compliance.

The role will also manage monthly reimbursement and distribution calculations, help manage the month end close procedures, and collaborate with 3PM Client Services to review and address customer inquiries.

This person will report to the Third-Party Management Accounting Manager, influencing people throughout the Third-Party group and larger organization.

Responsibilities include:

• Manage the monthly bank reconciliation process for 360+ property portfolio, serving as a key financial and account control. Reconciled bank accounts are used by multiple owner entities and are highly complex in nature.
• Manage weekly customer credit card settlements and the transfer to the respective properties
• Record a wide variety of cash transactions to the ledger including chargebacks, bank fees, payment processing fees, NSF checks, cash/check/credit card/ACH variances, and more.
• Help manage the daily and monthly bank reconciliation process which is performed entirely by the Cash accountants and serves as a key financial and account control. Bank accounts reconciled are used by more than 360 stores and owner entities and are highly complex in nature.
• Be the “go to” person to address and resolve reconciliation-related questions and issues raised by staff, store personnel, and other corporate accountants
• Administer the Recon
  
  NET / Blackline reconciliation software system, which is the core of our bank reconciliation process.
• Research and resolve questions and issues raised by third party management team and customers.
• Record monthly accounting entries, adjustments, and accruals related to 3PM properties.
• Prepare the final distribution process for terminated properties
• Calculate monthly reimbursements to PS and revenue distributions to owners.
• Assist the Cash General Ledger Manager in management of a myriad of operational issues that involve banking, payments systems, cash control, and treasury-related matters when needed.
• Train and review work completed by offshore Cash GL staff accountants.
• Ensure financial activities and records comply with GAAP and internal controls.
• Contribute to SOX monitoring and compliance while working closely with both internal and external auditors.
• Support the timely and accurate completion of monthly, quarterly, and annual close processes.
• Collaborate with other Finance, Accounting, Analytics, and IT teams across the organization to continually streamline, automate, and improve existing processes.

We are looking for the right fit from not only the technical perspective, but a team fit as well. In addition to showing a desire and demonstrated potential for growth and advancement, some of the characteristics we would like to see in the successful candidate are:

• Team player – someone who works toward team goals and achievements
• Sense of urgency – ability to meet regular monthly/quarterly deadlines successfully
• Quality of thought – the ability to understand and process opinions from all…