Job Description
Invitation Homes is a fast-paced, evolving publicly traded REIT which is pioneering a new industry with over 100,000 single family rental homes for lease and a market capitalization of over $21 billion. We are a team of more than 1,600 associates who come from all walks of life. We call different communities “home,” but our shared values bind us together. Invitation Homes is a place where possibility lives. As the nation’s premier home leasing company, we need dedicated, organized, and detail-oriented accounting professionals to provide timely and accurate financial information to our partners in the field and at our corporate offices as well as to our shareholders.
We are seeking a Sr. Accountant, Fund Accounting to join an energetic and collaborative accounting team that encourages creative thinking and innovative ideas to optimize success. We strive to attract talent that enjoys working in a dynamic environment and welcomes opportunities to learn various aspects of the single-family residential business. If you are a motivated, passionate, quick learner looking for unique career experiences, this role is waiting for you!
Job Summary
The Sr. Accountant, Fund Accounting is primarily responsible for assisting in the accounting and financial reporting related to corporate transactions of our Joint Venture (JV) and Third-Party Management (3PM) entities. This role also assists in the preparation of capital call notices, distribution notices, management fees calculations, equity pick-ups, and other investment reporting requirements and may also assist with quarterly and annual SEC filings This associate will work closely with the accounting and finance teams, as well as other departments across the organization, in addition to assisting in various accounting analyses. The ideal candidate will have experience working full cycle fund accounting, well-developed organizational skills, an attention to detail, and a thorough knowledge of U.S. GAAP.
Essential Job Duties and Responsibilities
- Assist in the reporting process for JV and 3PM entities to ensure accurate reporting within established closing and reporting calendars, including preparation and review of deliverables and adherence to established deadlines.
- Assist in all areas of JV entity-level accounting including, but not limited to, capital calls, distributions, debt transactions, management fees, equity pick-ups, and other expenses, and monthly and quarterly journal entries.
- Read and understand loan agreements.
- Read and understand partnership and JV agreements, 3PM agreements, investment documents, entity structures, investment prospectuses, loan agreements, and interest rate swap agreements.
- Collaborate with internal and external customers and stakeholders, such as JV partner representatives, other corporate departments, field representatives, and Senior Leadership.
- Collaborate with internal and external teams regarding various confidential projects including working with new entities or structures and reviewing draft and final documents, agreements, and information.
- Aid in monthly, quarterly, and year-end variance to budget analysis.
- Assist with year-end and other audit inquiries.
- Participate in key projects and innovate processes to gain team efficiencies.
- Comply with policies, procedures, and controls and bring inconsistencies and problems to management’s attention.
- Perform other duties as assigned.
Education and/or Experience
- Strong knowledge of U.S. GAAP is required.
- Bachelor’s degree in accounting, finance, or related field is required.
- 3+ years in an accounting or finance related position, with fund accounting experience a plus.
- Experience in the real estate industry (or a large public company) is preferred.
Skills/Specialized Knowledge
- Highly self-motivated and directed with an ability to effectively prioritize and execute tasks in a fast-paced, dynamic environment.
- Proven analytical and problem-solving abilities including the ability to identify and implement best practices that improve the team’s effectiveness and efficiency.
- Ability to comprehend, analyze, and interpret complex documents.
- Proficient with Excel and excellent written, oral, and interpersonal communication skills, including an ability to effectively present information and build and manage key internal and external relationships.
- High energy and a can-do attitude, exhibiting a responsible and responsive tenacity.
- Willingness and ability to be hands on to get the job done.
- Experience working both independently and, in a team-oriented, collaborative environment.
Other Requirements
- Must maintain professional appearance.
- Ability to be at work on a regular and consistent basis; overtime may be required for this position.
Physical and Mental Demands
This position will spend long hours sitting and using office equipment and computers. The position may also entail light lifting of supplies and materials occasionally, up to and including 20 pounds in addition to reaching, stooping, standing, and walking. This position requires the ability to talk, hear, compare, compute, compile, copy, analyze, coordinate, synthesize, negotiate, and communicate. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.
Work Environment
Standard office working environment that may be busy and noisy at times.
Salary Range
The salary range for this position is: $61,650.00 - $106,860.00, plus individuals may be eligible for an annual discretionary bonus. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications, location, and applicable employment laws.Compensation and Benefits
To attract and retain top talent, we're pleased to offer competitive compensation and benefits, including:
Annual bonus program
Health, dental, vision, and life insurance
Long-term and short-term disability insurance
Generous paid time off plans include vacation accrual, sick time, standard holidays and floating holidays
401(k) with company matching contributions
Awesome work environment with casual dress
Team events and gatherings (Pre- and Post-Covid)
Invitation Homes is an equal opportunity employer committed to fostering a diverse, inclusive and innovative environment with the best associates. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, Veteran status or any other factor protected by applicable federal, state or local law. If you have a disability or special need that requires accommodation, please contact us at humanresources@invitationhomes.com.
To all recruitment agencies: Invitation Homes does not accept agency resumes. Please do not forward resumes to Invitation Homes employees. Invitation Homes is not responsible for any fees related to unsolicited resumes.
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