Federal Realty Investment Trust
Corporate Accountant
Federal Realty Investment Trust, Bethesda, Maryland, us, 20811
Federal Realty Investment Trust is a proven leader in the ownership, operation, development and redevelopment of premium retail real estate in the country's best markets. We consider ourselves one of the most innovative and dynamic real estate companies one can work with. Interested candidates who research Federal Realty learn about our high quality community shopping center and mixed use property portfolio. Federal Realty’s well-respected real estate investment and management team delivers a significant combination of modest and large, value-add investments that can make working at Federal rewarding. While Federal Realty is one of the largest publicly traded real estate investment trusts in the country, as measured by the value of our assets, we're functionally a small company by most standards and we operate that way. Team members with initiative and proven ability get involved in many facets of executing Federal’s business plan. We encourage you to look us up on LinkedIn and follow Federal Realty Investment Trust.
We are currently sourcing for an experienced Corporate Accountant who will function as a key member of the Corporate Accounting team at the North Bethesda, Maryland headquarters. The ideal candidate is detail oriented, analytical, extremely organized, proficient in excel, and able to work effectively in a fast-paced environment with tight deadlines while successfully managing multiple tasks simultaneously.
Responsibilities
Tracks and reconciles debt transactions related to the company’s mortgage notes payable, notes payable, senior notes, line of credit and term loan. This encompasses analyzing debt balances and interest expense, including reconciling prepaid interest, accrued interest, and debt issue costs on a monthly and quarterly basis. Acts as the primary contact with lenders for all debt related transactions. Prepares quarterly distribution calculations for shopping centers that are owned with outside partners. Prepares corporate quarterly and annual debt covenant calculations and prepares/tracks covenant compliance for all mortgages. Assists with SEC reporting including financial statement and footnote preparation and XBRL tagging and review. Prepares various analyses for internal financial reporting. Performs account reconciliations for various accounts. Records equity transactions including stock issuance and dividends payable. Responsible for communication and coordination of restricted stock vestings and option exercises with legal, payroll, transfer agent, employee and/or broker. Accumulates and analyzes G&A expense accruals and reaccruals from several parties and determines necessary entries needed to record expenses in the correct period. Reviews operating leases for any amendments to term or payment amounts, calculates amortization. Performs various other G&A duties, such as prepaid expense tracking, department coding reclasses. Analyzes the report for subsequent month payments to determine if any unrecorded liabilities need to be recorded in the correct period and acts as the main contact for any follow-up communication needed. Performs specific projects, as requested. Qualifications
Bachelor’s or Master’s Degree in Accounting; CPA preferred. 1+ years’ corporate or public accounting experience, commercial real estate experience preferred. Demonstrated strong analytical and problem-solving skills. Solid understanding of financial statements. Excellent interpersonal, verbal and written communication skills with a history of establishing and maintaining effective working relationships in a team environment. Exceptional attention to detail with excellent organizational skills. Proven ability to effectively manage multiple tasks. Demonstrated self-starter with ability to work independently in a fast-paced environment with tight deadlines. High degree of confidentiality. Ability to understand technical forms and financial reports. Ability to demonstrate high intermediate Excel skills; experience with JDE and Workiva a plus. Salary Range: The typical base pay range is $75,000-$85,000 per year plus bonus. To ensure a fair and competitive offer, we take into account your job-related skills, experience, relevant education, certifications, and/or training. Federal Realty Investment Trust is an Equal Opportunity / Affirmative Action employer. Federal values a diverse workforce and is committed to providing equal employment and advancement opportunities to all employees and applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetics, sexual orientation, or protected Veteran status.
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Tracks and reconciles debt transactions related to the company’s mortgage notes payable, notes payable, senior notes, line of credit and term loan. This encompasses analyzing debt balances and interest expense, including reconciling prepaid interest, accrued interest, and debt issue costs on a monthly and quarterly basis. Acts as the primary contact with lenders for all debt related transactions. Prepares quarterly distribution calculations for shopping centers that are owned with outside partners. Prepares corporate quarterly and annual debt covenant calculations and prepares/tracks covenant compliance for all mortgages. Assists with SEC reporting including financial statement and footnote preparation and XBRL tagging and review. Prepares various analyses for internal financial reporting. Performs account reconciliations for various accounts. Records equity transactions including stock issuance and dividends payable. Responsible for communication and coordination of restricted stock vestings and option exercises with legal, payroll, transfer agent, employee and/or broker. Accumulates and analyzes G&A expense accruals and reaccruals from several parties and determines necessary entries needed to record expenses in the correct period. Reviews operating leases for any amendments to term or payment amounts, calculates amortization. Performs various other G&A duties, such as prepaid expense tracking, department coding reclasses. Analyzes the report for subsequent month payments to determine if any unrecorded liabilities need to be recorded in the correct period and acts as the main contact for any follow-up communication needed. Performs specific projects, as requested. Qualifications
Bachelor’s or Master’s Degree in Accounting; CPA preferred. 1+ years’ corporate or public accounting experience, commercial real estate experience preferred. Demonstrated strong analytical and problem-solving skills. Solid understanding of financial statements. Excellent interpersonal, verbal and written communication skills with a history of establishing and maintaining effective working relationships in a team environment. Exceptional attention to detail with excellent organizational skills. Proven ability to effectively manage multiple tasks. Demonstrated self-starter with ability to work independently in a fast-paced environment with tight deadlines. High degree of confidentiality. Ability to understand technical forms and financial reports. Ability to demonstrate high intermediate Excel skills; experience with JDE and Workiva a plus. Salary Range: The typical base pay range is $75,000-$85,000 per year plus bonus. To ensure a fair and competitive offer, we take into account your job-related skills, experience, relevant education, certifications, and/or training. Federal Realty Investment Trust is an Equal Opportunity / Affirmative Action employer. Federal values a diverse workforce and is committed to providing equal employment and advancement opportunities to all employees and applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetics, sexual orientation, or protected Veteran status.
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