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Digital Realty
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Finance

Senior Portfolio Accountant

  2323 bryan street, Dallas

Overview

Digital Realty supports the data center, colocation and interconnection strategies of customers across the Americas, EMEA and APAC, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products.  

 

Now is the time to join Digital Realty and be part of the world’s trusted foundation powering digital ambitions to our customers, prospects and partners. Digital Realty’s heritage is understanding a customer’s local to global data center needs to address mixed workloads and densities. Enterprises are adapting IT strategies on-the-fly to meet rapidly evolving demands. As data creation and consumption are increasing, so are the tools, clouds, networks and resources needed to support it. This data gravity effect can lead to global workflow management that isn’t consistent across deployments, only compounding the complexities. As one of the world’s largest data center companies, we offer colocation and scale offerings combined best in class connectivity, cloud and data centric solutions. Digital Realty is seeking motivated and imaginative professionals to grow our Enterprise business. 

 

Position: Sr. Portfolio Accountant

 

Opportunity Snapshot

If you combine progressive accounting experience, ideally including public accounting, with knowledge of US GAAP, you are an excellent communicator and team player, and you have the drive to learn and advance your skills, the role of Senior Portfolio Accountant with Digital Realty offers you some compelling opportunities. You will:

  • Make an impact on our organization as part of a collaborative and supportive accounting team whose work is a cornerstone of our business.
  • Expand your skills and improve and develop your accounting knowledge in a role where you’ll gain a wide-ranging view of our portfolio accounting.
  • Enjoy broad exposure and visibility as you serve in a key role, support corporate accounting operations and gain exposure to accounting leadership.
  • Work on a talented team in an environment with strong processes in place, meaning we enjoy a good work/life balance. At the same time, your strong ideas and eye for improvement will be welcomed.
  • Showcase your potential to take on additional responsibilities and advance in an organization posting continuous strong growth as well as a strong, stable financial profile. If you’re looking to build a career with an industry leader, this could be a great opportunity to do just that!
  • Be part of a strong culture with engaged leadership that truly values employees and is committed to professional development and advancement.

 

The Requirements

To meet the basic qualification for this role, you will have legal authorization to work permanently in the United States for any employer without requiring a visa transfer or visa sponsorship. In addition, to be a good fit for the Senior Portfolio Accountant opportunity, you will have:

  • A bachelor’s or master’s degree in Accounting, Finance, or a similar field, or equivalent experience/education
  • 3+ years of progressive work experience in Accounting, Finance or a related discipline; preferably in property accounting; knowledge of commercial leases and revenue related recoveries is strongly preferred
  • Strong knowledge of GAAP including prior working knowledge in preparing US GAAP financials
  • Experience and aptitude with ERP systems (ideally Yardi)
  • Knowledge of MS Office applications with intermediate to advanced proficiency in Excel

Just as important will be the following competencies and characteristics:

  • The ability to effectively handle multiple projects simultaneously in a deadline-driven environment
  • Exceptionally strong analytical and quantitative skills, and the ability to comprehend, analyze, and interpret complex documents
  • Excellent written and verbal communication skills, as well as interpersonal skills and the ability to effectively work cross-functionally with a variety of shareholders at multiple levels
  • A strong sense of urgency, and the energy and drive to thrive in a fast-paced, high-pressure environment
  • The ability to stay on track and consistently meet and exceed deadlines
  • The ability to focus, prioritize, and multi-task
  • A high level of integrity and principles that embrace transparency
  • Meticulous attention to detail, solid organizational skills, and the ability to work efficiently and independently
  • Analytical thinking skills combined with the resourcefulness to find creative solutions
  • Strong business acumen with a natural ability to interpret data and clearly align it to business goals

Preferred but not required:

  • A CPA or public accounting experience
  • Experience working within a multi-national environment
  • Working knowledge of Sarbanes Oxley is highly desirable
  • Excellent presentation skills and comfort presenting to senior management would be helpful
  • Experience with Multi-dimensional reporting tools is a plus (Oracle, Host, Birst)

You’ll generally work M-F during business hours, with extra hours during month or quarter closes if needed.

 

The Role

If you meet the minimum qualifications, feel free to apply at any time. If you'd like some additional details about the role, please read below.

Reporting to the Manager of Portfolio Accounting (in a matrixed environment with the other Portfolio Accounting Managers) you will join a team of four others who rotate duties between collocation and scale, and among all of the regions, giving you opportunities to learn and expand your skills. Under general supervision, you will have responsibility for preparing and completing revenue tasks related to the property level financial statements including variance analyses, general ledger reconciliations property/tenant statistics and presenting the data to Asset and Corporate Management to provide insights for better decision-making.

You’ll help ensure the timely close of the company’s North America portfolio revenue results on a monthly, quarterly, and annual basis, participate as part of a team in maintaining the integrity of the accounting and internal control systems by adhering to SOX controls and apply accounting policy consistent with US GAAP to prepare, analyze, maintain and deliver complete and accurate financial reporting for a publicly traded Commercial Real Estate company. We’ll also look to you for the ongoing support of internal customer needs, specifically Asset Management, Operations, Sales, FPA, and Legal teams. Though we have processes in place, you’ll have the chance to participate in developing/refining day-to-day operating practices and a focus on continuous process improvement.

Most of your time will be spent completing all necessary tasks associated with revenue related income statement and balance sheet accounts, with an emphasis on lease interpretation and calculating straight-line rent. Though this is not a complete list, some of your accounting tasks will be to:

  • Review rent roll information, tenant charges and receivables, ensuring the proper recording of revenue against tenant leases and leases abstracts.
  • Interpret commercial leases to prepare and compute the associated straight-line rent (as applicable).
  • Review revenue for tenant improvements, installation fees, and lease incentives against leasing assumptions for reasonableness and recommended GAAP guidance to ensure proper revenue recognition.
  • Assist in the preparation of the financial statements including supplemental reporting by participating in the month-end portfolio accounting revenue close.
  • Prepare and record monthly bad debt expense by applying the company’s bad debt policy to a portfolio of properties.
  • Analyze general ledger, calculate and prepare necessary journal entries to ensure accurate financial results for the North America Portfolio.
  • Prepare and review monthly account reconciliations and analyze variances.
  • Update monthly workpapers supporting each balance sheet account, review monthly balance sheet and income statement activity, and prepare bank reconciliations and resolve any variances.
  • Complete quarter-end, year-end, and month-end income statement flux preparation and analysis, including a thorough investigation of changes in, for instance, operating revenues or expenses.
  • Support property acquisition and disposition processes through recording revenue-related opening and closing entries and follow-up.
  • Fulfill various ad-hoc project requests from Accounting Managers and internal customers (Asset Management, Operations, Finance).
  • Complete Held for Sale reporting and Technical Accounting research, and document policies, procedures and workflow for revenue areas of responsibility as assigned.
  • Develop knowledge of new accounting pronouncements ACS 606 and ACS 842.
  • Record monthly expense accruals for the North American portfolio.
  • Prepare CAM reconciliations on a monthly, quarterly and annual basis.
  • Record monthly depreciation and amortization schedules for fixed assets, and monthly amortization entries for prepaid expenses.
  • Prepare and record recovery reimbursements.
  • Calculate management fees.

Note: this description is intended to give you a general overview of the position and is not an exhaustive listing of duties and responsibilities.

 

 

Digital Realty: Where the cloud lives and business thrives

We built the global standard for technical real estate, developing a unique capability to acquire, manage, and scale data center campuses. Now, Digital Realty is building a unique ecosystem of open solutions that power customer growth through exceptional service on a foundation of unrivaled data center expertise. The new Digital Realty combines unparalleled data center services, carrier-dense interconnection, real estate acumen, and financial strength to create unique power of choice and value when and where our customers need it.

 

Our Mission

To provide our customers with the trusted foundation for the digital world

 

Our Vision

To build a network of connected campuses and internet gateways that become the heart of the internet and cloud, powering growth and prosperity for customers, employees and shareholders.

 

Our Values

Guide our decisions and actions every day—above all else, we value customers, excellence, talent, teamwork and success.

 

About Digital Realty

Digital Realty Trust, Inc. supports the data center and colocation strategies of more than 2,000 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products

 

 

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.

Digital Realty Trust is committed to employing a diverse workforce. We value and actively seek to recruit, develop and retain people with backgrounds, experiences and perspectives that reflect the full diversity of our society.

Digital Realty is a publicly traded company (NYSE: DLR) with investment grade ratings from all three major ratings agencies.

Digital Realty offers a highly competitive compensation package, excellent benefits, and an environment that recognizes and rewards your contributions.

Digital Realty is an equal opportunity employer, EOE/AA/M/F/Vets/Disabled

Please do not forward unsolicited resumes to any employee of Digital Realty and its subsidiaries. Digital Realty is not responsible for any fees related to unsolicited referrals.

Want to know more about this position?

Get in touch with:

Justin Pickens

Recruiter

Send me a message

Your future colleagues

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“Our people consistently put collaboration above ego.”

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