Lead, Real Estate Accountant

WeWork•Washington, DC

4d•$54,000 - $72,000

About The Position

WeWork is responsible for effectively managing commercial real estate client relationships and their financial requirements. The Lease Administration & Client Accounting team is responsible for the timely and accurate fulfillment of financial and transactional deliverables. The focus of this team has a direct impact on client relationships, client consolidated financials, WeWork’s industry reputation as a service provider, and WeWork’s profitability. The Lead, Real Estate Accountant will be a key player in the month-end financial close as well as having an opportunity to grow within a dynamic organization. This position will be responsible for completing month-end financial statements and revenue sharing calculations on behalf of WeWork’s commercial real estate clients and play an essential role in the overall Lease Administration & Client Accounting team at WeWork.

Requirements

Bachelor’s Degree from a 4 year college in Accounting or Finance
3+ years of relevant accounting experience preferred, including commercial real estate experience
Proficient with MS Office and Google Workspace
Strong written and verbal communication skills
Strong working knowledge of US GAAP
Experience with Workday Financials is a plus
Strong financial and analytical skills
Strong communication and organizational skills with the ability to manage multiple competing priorities and varying deadlines
Ability to understand and interpret complex data
Ability and desire to work and thrive in a fast paced, entrepreneurial & energetic environment
Proactive self-starter capable and comfortable working independently, with limited direction, and effectively building relationships with partners throughout WeWork
Team focused mentality and desire to actively contribute in a collaborative setting

Responsibilities

Understand and adhere to GAAP requirements along with unique commercial real estate client policies and requirements
Complete and/or oversee transaction-level analysis and review in preparation of client financial statement packages including: capitalization analysis, amortization/depreciation, revenue and expense analysis and accruals and reclasses, tax/insurance analysis and entries, management fee and owner distribution calculations, etc.
Support with analysis of financial statements, prepare journal entries and complete monthly variance commentary and trend analysis
Prepare balance sheet account reconciliations and supporting schedules, documenting monthly changes
Prepare monthly bank reconciliations, ensuring vendor, landlord, member and tenant cash transactions are recorded correctly
Coordinate the weekly payment of vendors
Review bank account and cash transactions to ensure member payments are recorded timely and accurately, working with community teams to identify and address aged receivables
Answer client accounting and financial inquiries by researching and interpreting data
Work with WeWork leadership and clients to help understand performance goals and create annual budgets
Prepare and review revenue share calculations for WeWork’s participating leases
Interpret lease and management agreement language to ensure reporting and calculation adherence to requirements
Manage workload proactively, organizing and prioritizing tasks (both routine and one-off), and tracking due dates and deadlines
Work with internal stakeholders to ensure revenue and expenses are captured appropriately within WeWork Management books
Establish and maintain relationships with each location’s Community teams, ensuring they understand their location’s profitability