What are the responsibilities and job description for the Joint Venture Accountant position at Regency Centers?
About the Company:
Regency Centers Corporation (Nasdaq: REG)is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit RegencyCenters.com.
About this Opportunity:Regency Centers is seeking a Joint Ventures Accountant to join our Jacksonville, FL corporate office. Thisis a hybrid opportunity with 3 days in the office and 2 days working remotely. The Joint Ventures Accountant is responsible for the preparation of financial statements and related information for partners as required by various joint venture (JV) agreements.
Key Responsibilities:
Prepare monthly, quarterly, and annual reporting packages as required by various partnership (JV) agreements or by industry groups, such as NCREIF, including the annual budget, return calculations and budget to actual variance explanations.
Prepare partnership-level financial statements and perform reconciliations of various accounts monthly to ensure completeness and accuracy of account balances as well as compliance with generally accepted accounting principles.
Prepare monthly and quarterly partner distributions in accordance with the various JV agreements including cash flow forecasts by property.
Manage cash requirements for each JV property. Prepare bank reconciliations monthly on all overhead accounts for each JV.
Assist the Manager of JV Reporting with annual external audits of JV financial statements.
Calculate and process all fees due from the JV’s in accordance with various JV agreements.
Responsible for JV debt transactions, including payment of monthly debt service and reconciling escrow accounts required by the lender.
Prepare ad hoc partner and management requests as needed.
Qualifications:
Bachelor’s degree in accounting, finance, or related field
CPA Preferred
2 years of experience in accounting, finance, or related role
Ability to read and comprehend legal documents
Knowledge of Generally Accepted Accounting Principles (GAAP) and related concepts
Strong quantitative and analytical skills including knowledge of financial models and formulas
Working knowledge of JD Edwards is a plus
Financial reporting and real estate experience preferred
Intermediate level proficiency with current Microsoft Office Suite
Personal Characteristics:
Strong written and oral communication skills
Problem-solving and time-management skills
Ability to work with stringent deadlines in a fast-paced environment with a high level of accuracy
Strong attention to detail in preparation, analysis and documentation
Reliable team player with a commitment to quality
Benefits:
We recognize people as our most valuable asset. Our competitive compensation and benefits package includes a 401(k) profit sharing plan with company match, medical insurance with prescription drug coverage, dental insurance including coverage for orthodontics, vision insurance, an incentive-based wellness program, flexible spending accounts, paid parental leave and compassion leave, company-paid short-term and long-term disability insurance, company-paid life insurance, educational assistance, matching charitable gifts, flexible paid time off, and paid holidays.
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