Property Accountant

Regency Centers; Westport (CT); On-site; USD 66,000 - 76,000; Full time

Benefits offered by this job

401(k) with company match

Health insurance

PTO 23+ days

Job summary

Regency Centers in Westport, CT is seeking a Property Accountant to join our corporate office. This hybrid role requires 3 days in the office and 2 days remote after training, and you will prepare GAAP-based month-end statements for regional properties and partner with Property Management and Leasing teams.

You’ll review balance sheets and income statements, perform reconciliations, and support leasing transactions while collaborating with cross-functional teams on projects.

Qualifications

• Bachelor’s degree in Accounting or related discipline.
• Proficiency with GAAP and accounting concepts.
• Ability to research and determine accounting treatment.

Responsibilities

• Prepare month-end financial statements for regional properties per GAAP.
• Be primary accounting contact for Property Management and Leasing teams.
• Perform account reviews and reconciliations.
• Collaborate with Accounting & Reporting on projects.
• Assist with leasing transaction accounting.
• Support ad hoc accounting transactions and true ups.

Skills

GAAP knowledge

Accounting software

Microsoft Office Suite

Education

Bachelor’s degree in Accounting or related field

Tools

Microsoft Office Suite

Job description

About this Opportunity:

At Regency Centers, our people are our greatest asset, and we believe that our highly skilled and talented team makes us better. We are seeking a Property Accountant to join our corporate office located in Westport, CT. This is a hybrid opportunity with 3 days in the office and 2 days working remotely after the training period. This individual will prepare month-end financial statements for regional properties in accordance with GAAP, serve as the primary accounting contact for Property Management and Leasing teams, and perform account reviews, reconciliations, and leasing transaction accounting. They will also collaborate with other Accounting & Reporting functions on projects and assist with special transactions as needed.

What You’ll Be Doing:

• Prepare the month-end financial statements with supporting schedules/spreadsheets for assigned properties within regional portfolio to ensure compliance with GAAP.
• Focus on upskilling to harness technology solutions and analytics tools effectively.
• Share knowledge and expertise with the Property Accounting team to foster a workforce that is technically proficient and strategically focused.
• Function as the primary contact with Property Management and Leasing teams for all aspects of A&R.
• Work in conjunction with the Property Accounting Manager to support internal stakeholders (Property Management, Leasing, Joint Ventures, Financial Services, Capital Markets, Development Accounting, Corporate Accounting, Accounts Receivable and Lease Administration) with appropriate accounting data to help achieve Company objectives.
• Review and reconcile key Balance Sheet and Income Statement accounts including accruals, re-classes, recurring journal entries etc. as needed based on activity in the portfolio.
• Perform true ups to accounts in accordance with GAAP, as necessary, including true ups to various accounts and submitting tenant manual billings.
• Assist with the accounting and recording of certain leasing transactions, including calculation of lease commissions, and percentage rent.
• On an ad-hoc basis work with other functions in the Accounting & Reporting group (Accounts Receivable, Lease Administration, Fixed Assets, and Development Accounting and Joint Venture Reporting) on certain projects to ensure complete understanding of processes and workflow.
• Assist with booking special accounting transactions as needed (ex. Acquisitions/dispositions)

Are You Qualified?

Required

• Bachelor’s degree with a concentration in Accounting or closely related discipline
• Intermediate level proficiency with Microsoft Office Suite
• Basic proficiency with accounting software
• Ability to research and determine appropriate accounting treatment for various transactions
• Basic knowledge of Generally Accepted Accounting Principles (GAAP) and related accounting concepts
• Ability to review and interpret legal contracts (such as leases) to ensure financial impacts are recorded in accordance with GAAP

* Regency Centers will not sponsor employment-based immigration petitions or applications for this position, including but not limited to H-1B, TN visa, or permanent residency.

Preferred

• 1-3 years of accounting experience
• CPA or in the process of obtaining CPA

Personal Traits We Value:

• Strong quantitative, analytical and problem-solving skills
• Attention to detail when managing multiple or repetitive tasks
• Committed to accuracy and quality while consistently meeting goals and deadlines
• Strong organizational, time-management, and prioritization skills
• Capable of handling multiple responsibilities simultaneously and collaborating effectively within a team environment
• Excellent interpersonal, verbal, and written communication skills with a strong customer service focus
• Maintains a high level of professionalism and integrity; highly trustworthy and able to handle confidential financial and transactional information appropriately
• Energetic and positive, with the ability to multitask efficiently in a fast-paced environment
• Ability to build and maintain strong relationships with colleagues, tenants, and field teams

A Little Bit About Us:

We own and operate premier shopping centers in suburban neighborhoods in the top cities and markets across the country. We live by a strong set of values, which have guided us for more than 60 years.

Our centers thrive with highly productive grocers, restaurants, service providers, and terrific retailers that connect to their communities and customers. We are also active developers of new shopping centers that feature great merchandising, placemaking, and customer engagement as part of our Fresh Look program.

We are a vertically integrated real estate company and a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. Learn more about us at RegencyCenters.com.

Benefits:

Our compensation and benefits package is very competitive and includes the following benefits and more. For additional information visit www.regencycenters.com/careers.

Work/Life Balance

• 23+ PTO days annually
• 11 paid holidays (in addition to PTO)
• Paid leave programs (parental, compassion, bereavement, jury duty, and military)
• Health Advocacy + Employee Assistance Program (EAP)

Hybrid Work Schedule

• Modified in-office hours
• Dedicated remote work days

Financial Security

• 401(k) with a generous company match plus corporate profit sharing
• Anniversary stock grant awards
• Health Savings Account (HSA), Health Care FSA, and Dependent Care FSA
• 100% company paid Life Insurance/AD&D and Disability Insurance
• Voluntary benefits (supplemental life/AD&D, critical illness, accident, hospital indemnity, and identity theft)
• Student loan repayment resources

Health and Wellness

• Medical, Dental and Vision Insurance
• Award winning and incentives-based wellbeing program through Personify Health
• Family planning, mental health, and pain management programs

Community Focused

• 52 hours per year of paid Volunteer Time Off
• Company gift matching

Growth and Development

• Tuition reimbursement
• Continued education opportunities
• LinkedIn Learning premium subscription
• Professional membership support
• Employee Resource Groups

#LI-AH1 #LI-Hybrid

*Regency Centers is an equal opportunity employer. Qualified applicants will receive consideration without regard to age, race, color, religion, sex, gender identity, sexual orientation, disability, national origin, or protected veteran status. Applicants are encouraged to confidentially self-identify as to disability and/or protected veteran status when applying. Employment is contingent upon successful completion of background investigation. Regency Centers is a smoke-free and drug-free workplace. Pre-employment drug screening is required.

*Connecticut Residents: Regency Centers carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The Connecticut hiring salary range for the Property Accountant position is between $66,000 and $76,000 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience.