Lead, Real Estate Accountant

About the Opportunity

WeWork is responsible for effectively managing commercial real estate client relationships and their financial requirements. The Lease Administration & Client Accounting team is responsible for the timely and accurate fulfillment of financial and transactional deliverables. The focus of this team has a direct impact on client relationships, client consolidated financials, WeWork's industry reputation as a service provider, and WeWork's profitability.

The Lead, Real Estate Accountant will be a key player in the month-end financial close as well as having an opportunity to grow within a dynamic organization. This position will be responsible for completing month-end financial statements and revenue sharing calculations on behalf of WeWork's commercial real estate clients and play an essential role in the overall Lease Administration & Client Accounting team at WeWork.

• Understand and adhere to GAAP requirements along with unique commercial real estate client policies and requirements
• Complete and/or oversee transaction-level analysis and review in preparation of client financial statement packages including capitalization analysis, amortization/depreciation, revenue and expense analysis and accruals and reclasses, tax/insurance analysis and entries, management fee and owner distribution calculations, etc.
• Support with analysis of financial statements, prepare journal entries and complete monthly variance commentary and trend analysis
• Prepare balance sheet account reconciliations and supporting schedules, documenting monthly changes
• Prepare monthly bank reconciliations, ensuring vendor, landlord, member and tenant cash transactions are recorded correctly
• Coordinate the weekly payment of vendors
• Review bank account and cash transactions to ensure member payments are recorded timely and accurately, working with community teams to identify and address aged receivables
• Answer client accounting and financial inquiries by researching and interpreting data
• Work with WeWork leadership and clients to help understand performance goals and create annual budgets
• Prepare and review revenue share calculations for WeWork's participating leases
• Interpret lease and management agreement language to ensure reporting and calculation adherence to requirements
• Manage workload proactively, organizing and prioritizing tasks (both routine and one-off), and tracking due dates and deadlines
• Work with internal stakeholders to ensure revenue and expenses are captured appropriately within WeWork Management books
• Establish and maintain relationships with each location's Community teams, ensuring they understand their location's profitability

• Bachelor's Degree from a 4 year college in Accounting or Finance
• 3+ years of relevant accounting experience preferred, including commercial real estate experience
• Proficient with MS Office and Google Workspace
• Strong written and verbal communication skills
• Strong working knowledge of US GAAP
• Experience with Workday Financials is a plus
• Strong financial and analytical skills
• Strong communication and organizational skills with the ability to manage multiple competing priorities and varying deadlines
• Ability to understand and interpret complex data
• Ability and desire to work and thrive in a fast paced, entrepreneurial & energetic environment
• Proactive self-starter capable and comfortable working independently, with limited direction, and effectively building relationships with partners throughout We Work
• Team focused mentality and desire to actively contribute in a collaborative setting

Base Pay: $54,000 to $72,000 annually

Incentive Compensation: WeWork employees are eligible to participate in an incentive plan specific to their role. Your recruiter will detail what incentive plan is applicable to this specific role. WeWork incentive plans are subject to the terms of the applicable incentive compensation plan, which will be made available to you after commencing employment. WeWork reserves the right to amend its incentive plans, and nothing in this job requisition or any other document creates a right to a specific incentive plan payment.

Benefits: Full-time employees are eligible for comprehensive benefits (subject to the terms of applicable plans/policies/agreements, which will be made available to you after commencing employment), including: 20 days of PTO, approximately 13 paid holidays, and 80 hours of paid sick time per full calendar year; 16 weeks paid parental leave; competitive healthcare benefits; 401k plan; and life and AD&D insurance.

WeWork is proud to be an Equal Employment Opportunity employer. We do not discriminate based upon gender, sexual orientation, marital or civil status, pregnancy (or pregnancy-related conditions), gender identity or expression, transgender status or gender reassignment, race, color, national origin or ancestry, citizenship, religion or religious beliefs, age, physical or mental disability, genetic information (including…