New

Sr Accountant - Real Estate

Cox
$79,400.00 - $119,000.00 / yr
parental leave, paid time off, paid holidays, sick time, 401(k)

Mar 08, 2025
The Sr. Accountant - Real Estate Lease Accounting is a key financial accounting partner that ensures proper accounting for real estate leases held by all divisions of Cox Enterprises. This position will be expected to have a thorough understanding of ASC 842, roll forward reporting and disclosures, an understanding of real estate lease accounting concepts and terminology and proficiency with lease accounting systems and industry practices and processes. This position will work independently, only receiving guidance on unusual or complex problems. This position will sometimes be expected to review reports/results with Management. Job Responsibilities: Accounting Duties: Lead the monthly financial close process. Review of real estate leases and related accounting activity Record accounting information in compliance with ASC 842 requirements, ensuring lease transactions are recorded accurately, including new agreements, modifications and terminations. Transmit from CoStar to Oracle, or manually export, system-generated journal entries Prepare roll forward reports for divisions, including domestic and international subsidiaries Review and generate lease income reports, as well as intercompany entries for divisions to record rental income Maintain Accounts Receivable Aging by division and sublease, partner with Real Estate to resolve outstanding balances in a timely manner Perform monthly balance sheet account reconciliations using Blackline to ensure accuracy and provide necessary documentation, researching and working with business partners to resolve any issues in a timely manner Collaborate with Technical Accounting and other key stakeholders and perform related analysis to evaluate the potential impact of lease transactions to the financial statements and ensure accurate lease accounting and reporting Participate in the year-end audit by preparing and providing annual financial reporting disclosure support and other schedules as needed Assist with requests for various other audits and from the tax department Partner with Real Estate and Financial Reporting to ensure all internal controls are adhered to and financial statements are fairly and accurately presented Provide support to key finance and business partners by addressing questions regarding month-end entries, month-over-month variances, accounting for projects, acquisitions and divestitures, and other ad hoc transactions or related processes. Collaborate with the Real Estate department to ensure all lease activity is captured and reflected accurately in the accounting system Collaborate with various system administration teams to resolve issues in the transfer of lease data and provide input regarding system enhancements or special projects Assess and identify opportunities to enhance current processes Education: Bachelor's degree in a related discipline and 4 years' experience in a related field. The right candidate could also have a different combination, such as a master's degree and 2 years' experience; a Ph.D. and up to 1 year of experience; or 8 years' experience in a related field Experience: 2+ ASC 842 lease accounting experience required Experience with CoStar or similar lease software Knowledge of Oracle Financials, Blackline Systems, OneStream and Office 365 suite applications preferred Ability to read, identify key elements of lease contracts to support accounting schedule set up and/or modification Proven ability to deliver high levels of customer service Experience within a Center of Excellence environment Experience in organizational change - including large scale transformation initiatives Global experience in a multinational organization a plus Excellent oral and written communication is mandatory Competencies/Skills: Excellent interpersonal and customer service skills Excellent organizational and analytical skills Strong knowledge of ASC 842 Strong knowledge of CoStar or similar lease software Strong knowledge of Oracle FinancialsUnderstanding of real estate fixed and variable expenses, rent abatement, and TI Allowances Ability to work effectively under pressure, and shift priorities quickly as required and rapidly adapt to changing environments Ability to understand business strategy and translate into effective tactical plans Excellent problem solving and prioritization skills with strong attention to detail Proven ability to work with minimal direction, as well as be resourceful and independent in solving problems Strong computer skills and proficient use of Excel, Word, PowerPoint Proven ability to work with all levels in the organization USD 79,400.00 - 119,000.00 per year Compensation: Compensation includes a base salary of $79,400.00 - $119,000.00. The base salary may vary within the anticipated base pay range based on factors such as the ultimate location of the position and the selected candidate's knowledge, skills, and abilities. Position may be eligible for additional compensation that may include an incentive program. Benefits: The Company offers eligible employees the flexibility to take as much vacation with pay as they deem consistent with their duties, the company's needs, and its obligations; seven paid holidays throughout the calendar year; and up to 160 hours of paid wellness annually for their own wellness or that of family members. Employees are also eligible for additional paid time off in the form of bereavement leave, time off to vote, jury duty leave, volunteer time off, military leave, and parental leave. Applicants must currently be authorized to work in the United States for any employer without current or future sponsorship. About Cox Cox empowers employees to build a better future and has been doing so for over 120 years. With exciting investments and innovations across transportation, communications, cleantech and healthcare, our family of businesses - which includes Cox Automotive and Cox Communications - is forging a better future for us all. Ready to make your mark? Join us today! Benefits of working at Cox may include health care insurance (medical, dental, vision), retirement planning (401(k)), and paid days off (sick leave, parental leave, flexible vacation/wellness days, and/or PTO). For more details on what benefits you may be offered, visit our benefits page . Cox is an Equal Employment Opportunity employer - All qualified applicants/employees will receive consideration for employment without regard to that individual's age, race, color, religion or creed, national origin or ancestry, sex (including pregnancy), sexual orientation, gender, gender identity, physical or mental disability, veteran status, genetic information, ethnicity, citizenship, or any other characteristic protected by law. Statement to ALL Third-Party Agencies and Similar Organizations: Cox accepts resumes only from agencies with which we formally engage their services. Please do not forward resumes to our applicant tracking system, Cox employees, Cox hiring manager, or send to any Cox facility. Cox is not responsible for any fees or charges associated with unsolicited resumes.