Senior Asset Accountant (Finance)

Do you want to help revolutionize a major industry? At Unibail-Rodamco-Westfield (URW), you'll have the opportunity to impact the future of real estate by developing innovative and engaging places that reinvent being together. Come join a team that builds excitement about working at URW. You'll get to work with leaders who are passionate about tackling changing consumer behavior with innovative experiences. All this bold vision means the company culture embraces evolution and change. We believe there is no "perfect" candidate and want to encourage applying even if all the requirements listed aren't met. If you're passionate about URW and looking to learn and grow, then we look forward to reviewing your application!

We are currently looking for our:

Senior Asset Accountant

The Opportunity

The Senior Asset Accountant is responsible for maintaining the books and records for several Unibail-Rodamco-Westfield assets demonstrating full autonomy. The Senior Asset Accountant will be the primary contact for any financial related questions on US GAAP and IFRS asset statements, showing full mastery of financial processes and leveraging 4+ year experience in Finance or accounting.

The Senior Asset Accountant will oversee analyzing monthly/quarterly closing actuals, preparing forecast and budget in close collaboration with the General Manager and the Operating Managers, and applying critical thinking to challenge and enhance business performance.

Responsibilities for the role:

Accounting:

• Prepare accurate financial, asset, liability, and capital expenditures account entries by compiling and analyzing information using our ERP system (JD Edwards).
• Maintain and analyze the general ledger to ensure the accuracy of revenue and cost allocation including accruals and prepayment preparation.
• Understand and properly apply accounting rules given the circumstances applicable to each asset in US GAAP and IFRS, as applicable, and follow Group guidance.
• Submit quarterly financial packages to the Group consolidation system (SAP BFC).
• Prepare detailed reconciliations between the GL and all subsidiary ledgers.
• Perform reconciliations with the aid of automated system (Blackline).
• Maintain the fixed assets register.
• Manage, reconcile, and peer review tenant recoveries and allocations (incl common area maintenance and property tax charges).
• Prepare monthly and quarterly sales and use tax returns if applicable.
• Prepare cash distributions to co-investors when required.
• Support due diligence for strategic transactions such as acquisitions, dispositions, and property secured debt financing if applicable.
• Show a thorough understanding of real estate accounting issues and their impact on the financial statements.

Budgeting & Forecasting:

• Participate in the annual 5 years budget process and quarterly current year reforecasting for the responsible asset.
• Excel as a business partner to the Operating Management & Shopping Center Management teams, providing knowledge of the business and economic factors.
• Interpret and compare variances between budget/forecast and actual results and offer insights to support with the development of action plans.
• Maintain intimate knowledge of development projects and opportunities for designated centers.

Business Analysis:

• Assist the business operations teams (Shopping Center Management, Operations Management, Leasing, Development) with diverse Accounting and Finance issues that impact their areas.
• Explain key operational drivers and related impacts on the financial statements to key managers to help set and strive action plans.
• Leverage a thorough understanding of all sources of revenues (fixed and percentage rents, tenant recoveries, parking, and commercial partnerships) and special accounting issues relevant to real estate (such as straight-lining of rents and REIT considerations) and their impact on the financial statements to support business understanding and action plan setting.
• Think critically and challenge business assumptions, strategies & tactics using KPIs and knowledge of industry trends to:
  • Maximize revenue, minimize cost, and control capital expenditures.
  • Optimize return on investment.
  • Help business teams reach budgeted targets.

Reporting:

• Provide data in a way that is consumable and illustrative, where necessary, to explain performance and support decision-making.
• Responsible for the timely and accurate distribution of monthly/ quarterly/ annual operational and budget reports to co-investors and lenders when applicable.
• Prepare annual stand-alone financial statements (US GAAP) and work with the company's auditors to obtain audit opinions according to strict deadlines.

What we are looking for

• 4+ years of accounting and financial expertise (Retail or Commercial Real Estate preferred with general ledger and financial statement experience required.
• Bachelor's Degree, preferably in accounting and/or Finance.
• CPA or equivalent qualification preferred.
• Demonstrate expertise in ERP, Consolidation and/or BPM systems.
• Proficiency in Excel.
• Strong analytical and general quantitative skills, with an attention to detail.
• Must be proactive, totally autonomous, and able to challenge status quo while having excellent verbal, written communication, and presentation skills to interact with senior management.
• Change Agent – you must be ready to learn the business needs and requirements and have the ability to quickly adapt when there are modifications or new requirements.
• Cross-functional translator and facilitator – you must be able to effectively deliver when communicating financial information. You must be able to communicate finance to business and vice versa. This role is both front-of-house and back-of-house.
• Quick learner who overcomes objections, adjusts on the fly in a fast-paced business, you should have full understanding of processes from the start to the end, and then offer insightful recommendations on how to improve.

Compensation

• $90k -110k per year + Annual Discretionary Bonus
• Exempt

What is important to us

Unibail-Rodamco-Westfield (URW) is driven by an entrepreneurial foundation of talented and ambitious employees who embrace change, strive for innovation, and know when to venture into uncharted terrain. Teams within URW are collaborative and thrive by working together to seize opportunity and solve challenges. Employees receive mentorship and guidance while being empowered to drive their initiatives, embracing their individuality and unique backgrounds. URW‘s flagship destinations are interwoven into the community fabric, and we give employees the power to be impactful in their work and lead meaningful change in our communities through volunteering, DE&I programming and leading ESG efforts. URW is an innovator and trend setter in experiential entertainment and is making bold moves to be a brand that creates inspiring consumer experiences in-person and digitally. Breaking beyond conventional beliefs, URW is surprising and delighting customers by reinventing being together and creating memorable moments.

Our company purpose – to Reinvent Being Together – is about reimagining how individuals and communities come together, socialize, and enjoy dynamic experiences alongside one another in entirely new ways. We are at our best when we are TOGETHER safely and joyfully.