Senior Real Estate Accountant, NL

Realty Income aims to be a globally recognized leader in the S&P 100, committed to creating long-term value for all stakeholders. These stakeholders include our dedicated team members, who embody our purpose: building enduring relationships and brighter financial futures. This guiding principle serves as a beacon for our team, influencing every action we take.

Realty Income’s employees consistently invest their time, commitment, and dedication into the company, and in turn, they receive investment returns in the form of purpose, belonging, and opportunities for advancement. 

Realty Income is committed to best-in-class corporate responsibility practices through environmental initiatives, governance programs, and community outreach projects. From the boardroom to the breakroom, our team members make a difference every day. 

The European portfolio, including the UK, has grown significantly 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.

You will be joining one of the largest Real Estate Investment Trusts in the world as we rapidly expand into the European markets. The depth and scope of the role will enable you to make an impact on the development of the accounting function, taking on additional responsibilities and challenges; with dynamic opportunities for career growth as the company expands. 

Position Overview:

The Senior Accountant is responsible for the preparation and review of monthly financial reports and analysis in accordance with company accounting policies. The job involves preparation of complex journal entries, balance sheet account reconciliations, analysis, and comments. The ideal candidate will have a continuously improving mindset and will aim to increase the efficiency of the processes. The Senior Accountant liaises with third-party property managers and internal teams to ensure adherence to company policies and accurate and timely execution of the operating procedures.

Key Responsibilities:

Financial Reporting and Analysis

• Timely perform month-end close procedures for assigned balance sheet and income statement reconciliations in accordance with the company accounting policies.
• Review assigned month-end close work papers and journal entries.
• Perform monthly financial statement fluctuation analysis.
• Provide supporting documents for audit; work with internal/external auditors to comply with local audit requirements including participation in internal control walkthroughs.

General Ledger

• Analyse and interpret GL data to ensure proper revenue and expense recognition.
• Record property acquisitions, review transaction information.
• Prepare/review monthly bank reconciliations.
• Obtain, manipulate, and incorporate data from third parties into account reconciliations journal entries.
• Prepare payment calculations, distributions, and reporting packages for JV partners
• Analyse and interpret GL data to ensure proper recognition of equity and loan advances.

Financial Operations Accounting:

• Oversee third-party property managers as it relates to Operational Accounting:
  • Calculating and collecting rents, service charge expenses, insurance premiums, and tax expenses.
  • Insurance and property tax payments, accruals, and recoveries.
• Review coding instructions for vendor invoices supporting other teams/departments.
• Review and oversight of accounts receivable balances for countries under responsibility.
• Proactively follow up on past due amounts and address any client disputes regarding billing activities.
• Oversight of cash application for portfolio tenant ledger charges.
• Analyse lease agreements to determine straight-line rent calculations.
• Support acquisitions on-boarding.

Other Responsibilities

• Support/back up other accounting functions as needed.
• Consistently review current processes for improvement.
• Performs other special projects as assigned.

Candidate Requirements

Knowledge, Skills, and Abilities

Must have for the role:

• Suitable post qualified accounting experience within commercial real estate.  
• Fully qualified accountant ( ACA / ACCA / CA or equivalent) or equivalent work experience.
• Bachelor’s degree in Accounting, Finance, or a related field.
• Strong financial acumen and knowledge of financial statements, and thorough understanding of general accounting standards.
• Must be organised, detailed, flexible, efficient, and take ownership of own work product.
• Ability to work in a fast-paced environment and meet strict month and quarterly reporting deadlines.
• Strong verbal and written communication skills.
• Excellent PC skills, including Outlook, Word, Excel, and PowerPoint.

Desirable but not essential:

• REIT experience.
• Yardi general ledger software experience.
• Top 4 qualified.

Our Mission & Values

For more than 50 years, Realty Income has been guided by our mission to invest in people and places to deliver dependable monthly dividends that increase over time. We do this by nurturing long-term, meaningful relationships that enable people to achieve a better financial outlook. We understand that when individuals succeed financially, they are able to provide for their families, support local businesses and pursue their greatest ambitions, creating a lasting positive impact on communities.

Realty Income is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.

What we offer:

• Competitive compensation and benefits package.
• The opportunity to join a stable, successful organisation, AND make your mark on our European expansion currently in more of a “start-up” mode. The working hours and effort of our role will vary. We support work-life balance, with an understanding that the work of this role does not conform to a steady pace – there will be peaks and valleys to the amount of effort required for this role.

What to expect after you apply:

• First call: If your application matches the role, then it’s time to put a voice to the name! We’ll call you to set up a phone conversation with one of our Talent Partners
• Manager Screen: You will have the opportunity to discuss the role and your qualifications with the direct hiring manager. In this interview, we want to know more about you - what excites you about accounting, real estate, and how can you help us solve global challenges.
• Second interviews: You’ll meet with several of our team members at various levels. We'll dive into your potential role, showing you how you will fit into your team and contribute to our vision.
• The final decision: If you are the selected candidate, we will present you with an employment contract for your review and signature.
• Pre-Employment Screening: If you choose to sign the employment contract, your personal data may be used for a pre-employment screening check by a third party as permitted by applicable law. Depending on the vacancy and applicable law, a pre-employment screening may include employment history, education, and other information (such as media information) that may be necessary for determining your qualifications and suitability for the Senior Accountant role.

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Offers near the high end are uncommon but may be considered for candidates with exceptional experience and skills and are dependent on the facts and circumstances of each case. You may be eligible for an annual discretionary bonus and an annual discretionary stock award, to be discussed during the interview process. An annual pay rate and total compensation package is generally determined by the candidate's experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data.
 
Most US based full-time and part-time roles come with flexible schedules. We offer a best-in-class benefits package that includes healthcare, dental, and vision insurance for employees and eligible dependents. Our 401(k)-retirement plan has a company match of 50% up to 6% of eligible compensation. Realty Income also offers other wellness, financial, and work/lifestyle-specific benefits, along with 12 PTO hours every month; in addition to 12 paid holidays, and paid volunteer time. Realty Income’s purpose is to build enduring relationships and brighter financial futures, and this starts with you!

Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact [email protected], or call 800-375-6700. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.