Staff Accountant - Lease Accounting

SUMMARYThe 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.KEY RESPONSIBILITIESReview 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 municate with different internal teams to ensure appropriate accounting ancillary termsamounts 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.OTHER DUTIESPlease 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.TRAVELNo travel is expected for this position.MINIMUM REQUIREMENTSBachelor's degree in accounting is required1-3 years relevant corporate andor public accounting experienceProven analytical and quantitative skillsAdvanced Microsoft Excel skillsA working knowledge of US GAAPAbility to manage multiple deadlines simultaneously in a fast-paced environmentAttention to detail and ability to multi-taskExcellent interpersonal and communication skillsADDITIONAL ELIGIBILITY REQUIREMENTSCPA is preferred but not required.Applicants must be able to pass a pre-employment drug screen.WHAT WE OFFERCompetitive Base Salary + Annual BonusGenerous Paid Time Off and HolidaysEmployer-matching 401(k) Program + Profit Sharing ProgramStudent Debt Program - we'll contribute up to $10,000 towards your student loans!Tuition Assistance ProgramEmployee Stock Purchase Program - purchase shares at a 15% discountComprehensive and progressive MedicalDentalVision optionsAnd much more! WELLTOWERWelltower, an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our people. EOEAA. MinorityFemaleSexual OrientationGender IdentityDisabilityVet Equal Opportunity EmployerProtected VeteransIndividuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Created: 2025-03-08