Staff Accountant, Lease Accounting

Key Responsibilities

• 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.
• Aid in 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.

Minimum Requirements

• Experience: 0-3 years of accounting experience. Previous internships preferred.
• Education: Bachelor’s degree in Accounting is required.

About Welltower

Welltower® Inc. (NYSE: WELL) is the world's preeminent residential wellness and healthcare infrastructure company. Our portfolio of 1,500+ Senior and Wellness Housing communities is positioned at the intersection of housing, healthcare, and hospitality, creating vibrant communities for mature renters and older adults in the United States, United Kingdom, and Canada. We also seek to support physicians in our Outpatient Medical buildings with the critical infrastructure needed to deliver quality care. Our real estate portfolio is unmatched, located in highly attractive micro-markets with stunning built environments. Yet, we are an unusual real estate organization as we view ourselves as a product company in a real estate wrapper driven by relationships and unconventional culture. Through our disciplined approach to capital allocation powered by our data science platform and superior operating results driven by the Welltower Business System, we aspire to deliver long-term compounding of per share growth and returns for our existing investors – our North Star. 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