Posted 27 days ago
Senior Accountant, Property Accounting
AI Summary
Produces accurate property-level financial statements and manages the month-end close cycle for Ventas' Outpatient Medical & Research portfolio, ensuring GAAP compliance and continuous process improvement.
About this role
Job Description:
Ventas is a leading S&P 500 company enabling exceptional environments that benefit a large and growing aging population. With an enterprise value exceeding $50 billion and a portfolio of more than 1,400 properties across North America and the United Kingdom, Ventas is a preeminent participant in the longevity economy. Its largest business is private-pay senior housing, which includes over 850 communities providing valuable care and services to more than 90,000 residents. The Ventas portfolio also includes outpatient medical buildings, research centers and healthcare facilities that attract strong institutional demand from the largest health systems, biomedical companies and universities and other research institutions in the world. Backed by strong financial performance and a collaborative culture, Ventas has the capital, capabilities and relationships to deliver superior value. The experienced Ventas team shares a commitment to each other and to the Company’s mission of helping people live longer, healthier, happier lives.
The Accounting team maintains accuracy, transparency, and compliance across all financial reporting. The team manages corporate, property, and technical accounting functions to support leadership decision-making and investor confidence. This discipline upholds the financial integrity and reliability that define Ventas operations.
About the Role
The Senior Accountant, Property Accounting will have the opportunity to join the property accounting team for Ventas' Outpatient Medical and Research portfolio. The Senior Accountant will be primarily involved in various aspects of the accounting close cycle. This position is responsible for producing accurate and timely property level financial statements with a focus on continuous process improvement. The Senior Accountant will be ambitious, highly motivated, and confident working in a fast-paced and dynamic environment. This is a challenging and exciting opportunity for a well-spoken accountant who is an intelligent/quick learner and who is interested in working with a publicly traded company in the healthcare and real estate sector. Key responsibilities include:
- Consolidate, analyze, and communicate financial results for Ventas' Outpatient Medical & Research portfolio, partnering closely with Asset Management, Property Management, FP&A, and other key business partners to support operational and strategic decision-making.
- Manage month-end close activities, including journal entries, account reconciliations, variance analysis, and supporting schedules.
- Prepare accurate and timely property-level and consolidated financial reporting in accordance with GAAP and support quarterly and annual external reporting requirements.
- Review and interpret lease agreements, amendments, tenant improvement arrangements, and other property-level contracts to ensure appropriate accounting treatment, including compliance with ASC 842 and related real estate accounting guidance.
- Develop and maintain accounting policies, procedures, and process documentation to enhance consistency, compliance, and operational efficiency.
- Partner with FP&A, Asset Management, Property Management, and other business partners to provide financial insights, resolve accounting matters, and support strategic decision-making.
- Maintain compliance with internal controls and support quarterly and annual audit activities, including SOX documentation and testing.
- Support acquisitions, developments, transitions, dispositions, and other strategic initiatives while driving automation, standardization, and continuous improvement efforts across accounting processes.
- Prepare and review property-level and consolidated balance sheet reconciliations.
- Analyze operating expenses, CAM recoveries, straight-line rent, lease incentives, and other key real estate accounting activities.
- Assist with same-store reporting, property performance analyses, and ad hoc management reporting.
Qualifications
- Bachelor's degree in Business Administration (with concentration in Accounting) or Accounting; CPA preferred
- 4+ years of accounting experience
- Must be located in the Louisville, KY surrounding area or willing to relocate for the duration of employment
- Willingness to adapt and thrive in a blended work environment with 3-days in office, seamlessly transitioning between remote work and in-office operations
- Financial reporting experience is a plus, preferably within the real estate industry
- Strong understanding of GAAP; SOX experience a plus
- Proficient in Excel (lookups, data cleaning, PivotTables); Yardi experience a plus
- Must be legally authorized to work in the United States without need for employer sponsorship now or in the future
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