Staff Accountant, Lease & Loan

Company: Welltower
Location: Toledo
Posted on: January 13, 2021

Job Description:

COMPANY OVERVIEWWelltower Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of healthcare infrastructure. With an enterprise value of over $36B, Welltower is the world's largest healthcare real estate investment trust (REIT). Concentrated in major, high-growth markets throughout the United States, Canada, and the United Kingdom, Welltower delivers the health care infrastructure necessary to facilitate better treatment at lower costs and keep patients out of the hospital. We provide real estate capital to leading seniors housing operators, post-acute care providers, and health systems, enabling these companies to grow, innovate, and ultimately provide better care. Our impact will be profound as we advance our work, our mission, and continue to assemble a diverse, talented, performance-focused team of employees.JOB SUMMARYResponsible for performing accounting functions related to Welltower's new and existing lease and loan agreements. This includes understanding and applying applicable information from these agreements to perform timely and accurate account analysis, account reconciliations and reporting requirements in accordance to US GAAP. In addition, this role is responsible for developing and maintaining rent schedules and for reviewing and understanding rent rolls.KEY RESPONSIBILITIES* Review the set up and maintenance of lease and loan agreements in JDE to ensure complete and timely recognition of revenue over the life of the agreement* Create, update and maintain rent schedules for all master leases* Monitor and calculate rent and interest increasers based on language defined in the legal agreement* Read and understand lease and loan agreements as well as all other related legal documents* Review and understand rent roll reports* Reconcile rent roll to the general ledger on a monthly basis* Prepare and input information into manual billing or recurring billing table* Perform lease classification tests to determine proper accounting treatment for new and amended leases* Provide internal reporting requirements for all new leasing and loan activity on a monthly basis* Analyze and reconcile income statement and balance sheet accounts on a monthly basis* Assist with bad debt review and determinations* Communicate with investment teams to ensure appropriate accounting for leases and loans* Communicate with other internal accounting teams to ensure proper accounting of rent resets* Maintain contingent payment schedules and prepare related billing* Prepare supporting schedules for applicable external reporting requirements* Facilitate all audit requests regarding leases and loans from internal and external auditors* Identify areas of process improvement to create more effective and automated processes* Provide documentation for all SOX requirements* Perform other duties as requiredOTHER 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.COMPETENCIES* Proficiency in the use of Microsoft Office in addition to having the ability to learn new software.* Strong team player with a focus towards customer service* Ability to self-motivate and work in a dynamic environment* Ability to work independently and meet deadlines* Ability to identify and implement process improvement* Ability to communicate in a clear and professional manner* A positive and professional attitude* Accountability for work performedTRAVELNo travel is expected for this position.MINIMUM REQUIREMENTSExperience: 1-3 years of public or corporate accounting experience is preferred.Education: Bachelor's degree in Accounting, Finance or Business related field required.ADDITIONAL ELIGIBILITY REQUIREMENTSCPA is preferred but not required.Applicants must be able to pass a pre-employment drug screen.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

Keywords: Welltower, Toledo , Staff Accountant, Lease & Loan, Accounting, Auditing , Toledo, Ohio