Senior Staff Accountant

AvalonBay Communities • Virginia Beach, VA

9d

About The Position

AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term. Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

The Role
Essential Duties
Financial Analysis: • Performs operational activities to support AvalonBay business functions, such as operating revenue and expense variance analysis, process journal entries, and reviewing staff level work • Manage the Fixed Asset system, capitalization policies, depreciation calculations and analytics • Manage Utilities including accruals, payments, exceptions, and relationships with vendors and Corporate. • Review intercompany balances and approve billback wires • Oversee all Debt and third-party payments, accruals, lender reporting, analytics, and document compliance • Report to lending institutions and/or joint venture partners • Assist with internal and external audits • Provide asset acquisition and disposition support, and • Assess financial risk for prospective retail tenants Review agreements and contracts to ensure compliance with reporting and payment obligations Effectively create and utilize system reports from GL, AR, and vendor websites Responding to financial inquiries and requests from AvalonBay business units
Financial Reporting, Review & Compliance • Review staff accountants’ work and variance explanations to ensure monthly reporting and operational deadlines are met by assisting RS Accounting Manager in coordinating departmental activities
Mentorship: • Train and coach new or seasoned associates

Requirements

• Bachelor’s degree in accounting or related field required.
• At least 3 years of applicable experience in accounting required
• Demonstrated ability to train, coach and mentor staff.
• Prior experience in reviewing and critiquing other associates’ assignments.
• Excellent communication skills (both written and verbal)
• Strong knowledge of Microsoft Office products
• Advanced Excel skills required with VB Macro experience a plus.
• Good time management and organizational skills
• Ability to work under strict deadlines.
• Ability to work in a team environment.
• Strong analytical skills
• Strong sense of teamwork and work ethic
• Willingness to work flexible hours (overtime may be required)
• Strong customer focus

Nice To Haves

• Advanced Excel skills required with VB Macro experience a plus.

Responsibilities

• Performs operational activities to support AvalonBay business functions, such as operating revenue and expense variance analysis, process journal entries, and reviewing staff level work
• Manage the Fixed Asset system, capitalization policies, depreciation calculations and analytics
• Manage Utilities including accruals, payments, exceptions, and relationships with vendors and Corporate.
• Review intercompany balances and approve billback wires
• Oversee all Debt and third-party payments, accruals, lender reporting, analytics, and document compliance
• Report to lending institutions and/or joint venture partners
• Assist with internal and external audits
• Provide asset acquisition and disposition support
• Assess financial risk for prospective retail tenants Review agreements and contracts to ensure compliance with reporting and payment obligations Effectively create and utilize system reports from GL, AR, and vendor websites Responding to financial inquiries and requests from AvalonBay business units
• Review staff accountants’ work and variance explanations to ensure monthly reporting and operational deadlines are met by assisting RS Accounting Manager in coordinating departmental activities
• Train and coach new or seasoned associates

Benefits

• Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.
• Growth based on achievement and promotion from within.
• Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
• A 20% discount on our incredible apartment homes.
• A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees