Staff Accountant, Lease Accounting

SUMMARY

The Staff Accountant at Welltower plays a key role in managing lease accounting and ensuring the accurate reporting of financials in compliance with US GAAP. In this role, you will be responsible for abstracting lease documents, analyzing lease terms, and ensuring timely, precise financial reporting. Your expertise will contribute to the overall accuracy of our portfolio, supporting compliance and driving operational efficiency.

This position offers the opportunity to work closely with various teams and play a vital role in the financial integrity of our operations.

• Review the set up and maintenance of lease agreements in Yardi to ensure complete and timely recognition of revenue over the life of the agreement.
• Create, update and maintain rent schedules per the legal terms of the lease.
• Set up the operating expense recovery schedules to accommodate each agreement as necessary.
• Read and understand lease agreements as well as all other related legal documents.
• Review and understand rent roll reports, including occupancy.
• Provide internal reporting requirements for all new leasing activity on a monthly basis.
• Analyze and reconcile income statement and balance sheet accounts on a monthly basis.
• Assist with bad debt review and determinations.
• Communicate with different internal teams to ensure appropriate accounting ancillary terms/amounts and dates for leases are input correctly.
• Review and set up necessary fixed assets associated with the lease.
• Help reconcile any acquisition or disposition of properties.
• Prepare supporting schedules for applicable external reporting requirements.
• Facilitate all audit requests regarding leases from internal and external auditors.
• Identify areas of process improvement to create more effective and automated processes.
• Provide documentation for all SOX requirements.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of this employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Minimum to no travel.

Experience
: 0-3 years of accounting experience. Previous internships preferred.

Education
:
Bachelor’s degree in Accounting is required.

• Competitive Base Salary + Annual Bonus
• Generous Paid Time Off and Holidays
• Employee Stock Purchase Program – purchase shares at a 15% discount
• Employer-matching 401(k) Program + Profit Sharing Program
• Student Debt Program – we’ll contribute up to $10,000 towards your student loans!
• Tuition Assistance Program
• Comprehensive and progressive Medical/Dental/Vision options

Welltower is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our people. EOE/AA. Minority/Female/Sexual Orientation/Gender Identity/Disability/Vet

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.