Joint Venture Accountant
About this Opportunity:
At Regency Centers, we believe our greatest asset is our people, and we believe a talented team from differing backgrounds and experiences makes us better. We are seeking a Joint Venture Accountant to join our corporate office located in Jacksonville, FL. This is a hybrid opportunity with 3 days in the office and 2 days working remotely. This person will Responsible for the preparation of financial statements and related information for partners as required by various joint venture (JV) agreements.
What You’ll Be Doing:
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.
Are You Qualified?
Bachelor’s degree in accounting, finance, or related field
CPA or working towards getting CPA preferred
2+ years of experience in accounting, finance, or related role
Financial reporting and real estate experience preferred
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 a plus
Intermediate level proficiency or higher with current Microsoft Office 365 software including Excel, Word, Outlook, PowerPoint, and Teams
Ability to read and comprehend legal documents
Personal Traits We Value:
Strong written and verbal communication skills
Problem-solving, organization, and time-management abilities
Proven ability to meet tight deadlines in fast-paced, high-pressure environments
Meticulous attention to detail in preparation, analysis, and documentation
Reliable team player with a commitment to excellence
Demonstrates trustworthiness, integrity, and sound judgement
Highly adaptable and flexible in changing circumstances
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 of up to $5,000 annually plus corporate profit sharing
Anniversary stock grant awards of up to $1,000
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
*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. No recruiters or agencies without a previously signed contract. Only candidates whose profiles closely match requirements will be contacted during this search.