Manager, Technical Accounting & Reporting

Broadstone Net Lease, LLC

Victor, NY 14564, USA

Published: 6/14/2022

Full Time

Job Description

The Manager, Technical Accounting & Reporting will serve as a key contributor to the timely and accurate production and analysis of GAAP-based financial statements and reports for BNL, including direct involvement with the quarterly external reviews, the internal audit, and the external year-end audit in collaboration with the Director, SEC Reporting & Technical Accounting and Chief Accounting Officer. The ideal candidate will thrive in the fast-paced, team-oriented environment of a publicly traded company, with the ability to implement best-in-class processes and procedures. This position is well suited for a self-starter who welcomes growth, change, and continuous improvement. This position reports to the Director, SEC Reporting & Technical Accounting.

Essential Job Duties & Responsibilities:

Act as process manager for overall purchase price allocation (PPA) processes to include acquisitions accounting with fund allocations; Coordinate with internal underwriting and other external parties
Perform lease (ASC 842) technical accounting conclusions and calculations, including: new leases arising from acquisitions, and modifications of existing leases with our tenants
Assist in the quarterly impairment analysis process, including working with the Real Estate Investments & Operations teams to appropriately identify and analyze property impairment triggering events
Contribute to the preparation, and review of financial statements and footnotes, including drafting of footnotes, in accordance with GAAP for a publicly traded REIT
Prepare quarterly reporting calendar and proactively assist in the management of certain aspects of the financial reporting timeline
Help coordinate compliance with Sarbanes Oxley, supporting, enforcing, and implementing internal controls
Provide guidance and assistance as needed to colleagues performing accounting and financial reporting preparation duties
Assist with annual external audit and quarterly review processes, as well as internal audits
Draft white papers on technical accounting matters
Work with third party valuation firms on purchase price allocations and stock-based compensation valuations
Provide accounting support and guidance for complex business transactions
Research and provide technical accounting guidance in accordance with U.S. GAAP
Analyze new accounting standards applicable to the organization and guide the accounting team on their application
Assist with updating and creating accounting policies and procedures required by either technical accounting, Sarbanes Oxley compliance, business, or internal control changes
Help identify and develop best-in-class workflow improvements and/or efficiencies; recommend improvements as needed to ensure accurate financial reporting, ensure adequate controls, policies and procedures are in place, and ensure the department has the ability to scale with the company’s growth
Develop an understanding of resource needs and requirements, balanced with evaluation of process efficiencies and enhancements, to recommend when additional support or expertise is needed
Partner with the IT/IS department to drive accounting software and system implementation and improvement efforts
Participate in and lead projects from an accounting perspective that arise as a result of business requirements, such as implementation of new software or process improvements related to the financial reporting and technical accounting function
Executes duties and maintains standards in accordance with company policies and procedures
Additional duties as required
Overtime hours may be required as job duties demand

Skills/Qualifications:

Strong understanding of Generally Accepted Accounting Principles (GAAP)
Project coordination abilities along with strong organizational and planning skills; ability to manage priority changes with a professional demeanor
Keen attention to detail; Passionate about quality and accuracy
Excellent research, problem solving, analytical, and decision-making skills
Excellent verbal and written communication skills with the ability to communicate and present complex information succinctly
Ability to work effectively both independently and as a member of a team
Ability to perform under pressure and consistently meet required deadlines
Ability to partner with key business stakeholders to build consensus on key departmental initiatives
Experience providing direction and support to junior professionals, promoting skill development and effective teamwork
General understanding or professional interest in automation capabilities and efficiency tools
High level proficiency in Microsoft Office, including Word, Excel, PowerPoint, and Outlook
Solid work ethic and a professional, proactive, and positive approach to work

Education/Experience:

Bachelor’s degree in accounting from a four-year accredited university required
5-7+ years’ relevant corporate experience or experience in public accounting
Progress towards, or completion of, a CPA (Certified Public Accountant) designation a plus
Experience at a publicly traded company subject to SOX compliance preferred
Experience with ERP and accounting systems (real estate property management accounting systems preferred; MRI software experience a plus)
Experience with software implementation or automation a plus

Environment and Physical Demands:

Professional office environment with routine use of standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machine; noise level typical of a standard office environment
Prolonged sitting, computer and telephone use, as well as standing, filing, stooping, bending, reaching and lifting, and carrying up to 15 pounds
Ability to travel by plane, train, and automobile and operate a motor vehicle

The above description is not intended to define, in detail, the multitude of tasks that may be assigned, but rather to provide a general sense of the responsibilities and expectations of the position. As the nature of business demands change, so too may the functions of this position.

Our employees are our most valuable assets. To reward their commitment, we strive to provide a competitive and flexible mix of total rewards that have their best interests in mind and enhance our employee-centric culture.

The base salary range for this role is: $90,000 - $110,000. This range is Broadstone’s good faith estimate of the annual base salary it reasonably expects to pay for the position at the time of this posting. There are several factors taken into consideration in making compensation decisions including but not limited to the individual’s experience, skillset, relevant education & certifications, job-related knowledge, location, and other relevant factors identified through the recruitment & selection process.

The stated salary range does not include other forms of compensation or benefits offered in connection with the advertised role, such as performance-based cash bonuses and restricted stock grants. To learn more about Broadstone’s comprehensive total rewards visit www.broadstone.com/careers.