Mgr., Finance & RE Ops.

Job description

Realty Income, The Monthly Dividend Company®, one of four San Diego based S&P 500 companies dedicated to providing shareholders with dependable monthly income. Our company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 10,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, our company has declared over 600 consecutive common stock monthly dividends throughout its 52-year operating history and has continually increased the dividend since Realty Income's public listing in 1994 (NYSE: O). Our company attracts individuals who value integrity, perseverance, and teamwork. If you appreciate working in a professional environment that rewards employees based on merit and values a work-life balance, make sure to apply today!

JOB SUMMARY:

Reporting to the Associate Director of Real Estate Finance & Operations, the Manager of Real Estate Finance & Operations is responsible for calculating and distributing Operating Expense Reconciliations and organizing supporting documents and schedules for an international portfolio of commercial real estate. The Manager of Real Estate Finance & Operations reconciles third party association billings, along with systematic bulk direct invoicing. Additionally, the Manager of Real Estate Finance & Operations administers the timeliness of A/R collections and client communication.

ESSENTIAL JOB FUNCTIONS (Duties, Responsibilities, Activities):

Operations and Recoveries

* Performs technical CAM, Tax, and Insurance reconciliations.
* Ensures accuracy of general ledger information.
* Analyzes Lease data to establish recovery pools.
* Audits tenant ledgers and provides approval for any necessary adjustments.
* Creates amortization schedules, while adhering to GAAP, for the recovery of capital improvements.
* Reviews cash management applications.
* Prepares management reports including, property performance overviews, operating cap analysis, and unpaid charge analysis.
* Performs applicable expense adjustments to maximize annual recoverable income.
* Performs property level analysis and data extraction for Asset Management teams.
* Assists in preparing journal entries, GL account reconciliations and assisting with monthly close processes.

Acquisitions

* Collaborates with acquisition teams to ensure the delivery of accurate, complete, and properly executed agreements.
* Analyzes closing documents and posts all transactions relating to operating expense prorations.
* Audits opening balances for completeness and accuracy.

Accounts Receivable

* Manages the preliminary notice/lien release process.
* Oversees A/R collections and ledger audits.
* Collaborates with Lease Administration on tenant invoicing and cash receipting.
* Continuously develops processes and procedures to enhance the accuracy and efficiency of the A/R process.

ORGANIZATION RELATIONSHIPS:

* Works in partnership with the Associate Director, Real Estate Finance & Operations & Revenue Accounting Supervisor, ensuring the accurate and timely distribution of operating expense and tax reconciliations.
* Collaborates with Revenue Accounting Supervisor on A/R, and collections efforts.
* Works with Property Managers daily, providing support and visibility on operating efficiencies.
* Works in collaboration with real estate tax analysts to ensure timely and accurate direct billings.
* Collaborates with numerous internal constituencies, including Asset Management, Acquisitions, Accounting, and Legal, providing property level analytics.
* Works with external constituencies, including 3rd party CAM operators and associations.

REQUIRED QUALIFICATIONS:

Knowledge, Skills, and Abilities:

* Must be detail-oriented and possess: problem solving/analytical abilities, time management skills, and critical-thinking
* Ability to comprehend, analyze, and accurately interpret various types of Lease documents
* Must have a clear and thorough understanding of financial modeling used by Real Estate professionals to value property level performance.
* Working knowledge of REIT industry-specific financial and operating metrics used to gauge and compare performance preferred, such as FFO, AFFO, and occupancy.
* Ability to execute in ambiguous situations and take the lead without explicit instructions.
* Ability to respond to common inquiries or complaints from tenants, regulatory agencies, or members of the business community.
* Highly dependable, demonstrates initiative and strong organizational skills, is detail-oriented, and has a desire to learn and take on increasing responsibility over time.
* Establish and maintain cooperative working relationships.
* Proficiency in Microsoft Office: Excel (V-Look-ups, Pivot Tables, Macros, etc.), Word, Outlook, and PowerPoint.

Language Skills:

HIGH skills - Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, customers, and the general public.

Mathematical Skills:

HIGH skills - Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations. Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis of variance, and correlation techniques.

Reasoning Ability:

HIGH skills - Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Education and Experience:

* Four (4) year Bachelor's degree in Accounting or Finance
* 10+ years previous commercial real estate experience
* Thorough understanding of financial statements, commercial real estate concepts and finance/accounting principles