Real Estate Senior Accounting Analyst

How do I make a difference? 

Continuously Improving Results

• Prepare accurate and timely reports detailing real estate activities (e.g. rent revenue from tenants, intercompany rent charges, common area maintenance), ensuring transactions are properly recorded
• Oversee the accuracy and integrity of Wegmans Enterprises financial statements including balance sheet, income statement, cash flow statement, and budget variances
• Ensure monthly closing procedures are performed and associated accounts are reconciled
• Oversee tenant set-up, maintenance, billing and annual reconciliation of tenant common area charges
• Analyze cost information (CAM, property taxes, insurance, utilities, etc.) for a subset of owned and leased properties; work with various departments and external sources to improve cost performance
• Perform on-site compliance audits as required; negotiate with landlords on disputes using informed judgment to present and defend our position
• Perform lease and legal document abstracting by identifying financial risks for WFM; verify lease abstraction data and continually monitor any impact
• Ensure timely payment of rental liabilities and provide guidance related to rental obligations and landlord-billed occupancy expenses; resolve any payment discrepancies between Wegmans and the landlord
• Review landlord occupancy cost budgets and administer related expense adjustments
• Analyze real and personal property tax assessments; identify opportunities for tax appeals
• Perform straight line rental income and expense calculations for new and existing real estate leases
• Prepare annual budget for real estate accounts including rental income, sales overages, utilities, taxes, parking lot and other common area maintenance
• Effectively respond to requests for ad hoc analysis and projects in a fast-paced operating environment
• Participate in special projects and analysis as necessary, including support for the rollout of new technology; provide value added recommendations to management

Providing Incredible, Knowledge Based Service

• Coordinate activities with the Development Group, Indirect Procurement, Tax, Legal, Information Technology, CIS and other business units and/or vendors
• Actively support the Real Estate group, attending weekly meetings and providing reporting as requested
• Maintain working relationships with WFM tenants, WFM Landlords and their management companies to establish Wegmans as a trusted partner in future negotiations and disputes
• Act as liaison to 3rd party lease administration outsource provider to coordinate their work efforts, review their findings, and guide on WFM processes; assist as needed with any related dispute settlement
• Serve as a resource to landlords for accounting and financial inquiries, instructions, and disputes; advise internal stakeholders using subject matter expertise on all lease terms and conditions

Living Who We Are

• Support, encourage, and respect co-workers
• Work with supervisor to set and achieve goals for professional development
• Comply with Wegmans Policies and Work Rules, as well as, federal and state laws
• Maintain open lines of communication with supervisors and workers to ensure the most efficient operations in the department

What skills, learnings, and experiences are required?

• Bachelor’s Degree in Accounting/Finance/Business or equivalent experience
• 2 or more years Financial Analysis experience; with solid understanding of financial statements
• 2 or more years of professional experience in property accounting, real estate/asset management, lease administration, or property management 
• Experience working in a Compliance or Audit role
• Communication and interpersonal skills necessary to interact with all levels of management, adapting to the audience as appropriate
• Strong written communication skills
• Ability to work independently with minimal supervision
• Advanced PC skills; proficient in Microsoft Office with a solid understanding of Excel, including Macros and Pivot Tables
• Possess strong listening skills and hear many points of view without bias, asking clarifying questions to check for understanding
• Use available resources to pursue goals and challenges with the intent of achieving results, striving for continued excellence and taking appropriate risks (Managing the 5 Measures)
• Effectively deal with ambiguity, handling risk and uncertainty with comfort, maintaining effectiveness in the face of change and acting on decisions without having the total picture
• Coming up with new, unique ideas using creative thinking while making connections among previously unrelated notions
• Cross-functional collaboration: initiate dialogue around different points-of-view to find a common ground; lead interdepartmental teams, facilitating organizational consensus and creating synergies to arrive at the best business outcome
• Use multiple resources to analyze data for abnormal findings, further investigating where warranted and identifying cause-effect relationships impacting the data
• Practice process improvement: implements positive change and continuously looks for ways to improve work processes; separate and combine tasks into an effective workflow by maximizing resources and providing assistance when needed and supervise output ensuring high standards and quality are achieved
• Advise others within the organization, as well as external business partners, using relevant knowledge and skills to ensure that sound business decisions are made
• Use critical thinking to solve complex and difficult problems with effective solutions skillfully questioning multiple sources for answers, seeing the underlying and hidden problems and patterns beyond obvious symptoms to address root causes
• Experience with project coordination, communicating goals and responsibilities to the team being sure to monitor performance against a project plan and effectively applying project controls. Include project stakeholders, team members, and subject matter experts in order to get things done
• Experience with risk evaluation: proactively identifying areas of potential risk exposure, thoroughly analyzing the situation to ensure the financial investment of a solution makes sense and implementing cost-effective controls to mitigate risk

What skills, learnings, and experiences are preferred and will set me apart?

• Familiarity with Image Now, Lawson, or Real Estate Accounting systems

Work environment: 

• Work involves continuous interaction with co-workers in fast-paced environment
• Work includes sitting for prolonged periods, along with repetitive hand and arm movements
• Work requires frequent use of the telephone and computer
• Responsible for moving and lifting an average of 1 – 10 pounds with a maximum weight lifted of 40 pounds occasionally

Other: 

• Employment at Wegmans may be contingent upon your completion and our evaluation of a drug screen physical and/or criminal background check
• All Applicants will be screened; only those closely matching the job posting will be interviewed