Realty Income, The Monthly Dividend Company®, one of four San Diego based S&P 500 companies dedicated to providing shareholders with dependable monthly income. Our company is structured as a REIT, and its monthly dividends are supported by the cash flow, over 6,500 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, our company has declared over 600 consecutive common stock monthly dividends throughout its 52-year operating history and has continually increased the dividend since Realty Income's public listing in 1994 (NYSE: O). Our company attracts individuals who value integrity, perseverance, and teamwork. If you appreciate working on a truly collaborative team in a professional environment in a company that encourages a work-life balance, make sure to apply today!
As Realty Income’s Associate Vice President, Accounts Receivable will be responsible for overseeing all aspects of the company’s billing, rent collection and accounts receivable functions. Your unmatched leadership experience will be crucial as you lead the Rent Specialist team, whose core function is to ensure the accurate and timely posting of monthly rental income across a portfolio of over 6,500 properties. Additionally, you will be will be tasked with identifying and implementing process improvement initiatives, leading monthly accounts receivable meetings with department leaders across the company, providing accurate and robust reporting insights for senior management and, at times, external parties.
Your Contribution to the Team Includes
Accounts Receivable Leadership and Management
Provide leadership and support to seven Rent Specialists, the Lease Accounting Supervisor, and the AVP of Lease Administration
Manage all aspects of accounts receivable function and ensure accurate and timely posting and reconciliation of monthly rents
Coordinate appropriate cash application of inbound receipts across outstanding rent and expense charges in conjunction with the RE Finance and Operations team
Produce, maintain, and report on monthly Accounts Receivable rollforward and lead monthly Receivables meeting with cross-departmental leaders
In concert with Research, Asset Management and Property Accounting personnel, assist in collectability analysis of month-end receivables balances
Proactively follow-up on past due amounts in conjunction with property management and asset management direction
Lead monthly department meetings to collaborate on processes, concerns and suggestions
Train, develop, and provide guidance to team on principles of accuracy, responsiveness, and proactiveness
Publish, implement, and maintain policies and procedures as it relates to all aspects of Rent Specialist duties
Process Improvement and Project Management
Identify, design, and execute on opportunities for greater process scalability and efficiency
Implement new receivables software (if applicable) to centralize and speed up the cash application process
Constantly identify recurring processes that can be automated to drive faster posting of rent without sacrificing accuracy
Develop sufficient review process to ensure quality of work and prevent errors
Onboard as many tenants as possible with electronic payment methodologies
Maintain strong working relationship and collaboration with VP, Head of Internal Audit on process improvement ideas and implementation
Maintain strong working relationship and collaboration with VP, Assistant Controller Property Accounting to ensure accurate billing, cash posting, and receipt applications by Rent Specialist team
Constantly work with IT to drive custom report writing in ERP system (Yardi) as deemed applicable based on needs of those who consume the data
Responsible for Yardi testing and documentation of fixes and module upgrades.
Confirm rental income data input for accuracy and completeness.
Verify accuracy of monthly collections
Maintain internal control processes for compliance with Sarbanes-Oxley regulations and prepare certifications for quarterly reporting
What You’ll Need to be Successful
Bachelor’s Degree or equivalent from four-year college or university
10+ years of related experience in property accounting, accounts receivable or corporate accounting
4+ years of employee management required
Commercial real estate industry experience highly preferred
Real Estate Investment Trust (REIT) experience, particularly at a “Net Lease” company is desirable
Strong accounting background, preferably in property accounting
Highly competent in working with voluminous data; extremely proficient in Excel
Experience working with complex ERP systems; Yardi background a significant plus
Attention to detail, accuracy, and review of own work product
Creative, regularly takes initiative to re-engineer processes to drive efficiency
Experience in managing a team and developing talent
Effective oral communications skills; ability to synthesize a core message to a diverse audience
Ability to multi-task and prioritize critical projects; embraces challenges and manages time-sensitive responsibilities
In response to COVID-19, Realty Income has maintained our business operations and have open opportunities, yet made necessary adjustments to our hiring process. We are conducting all steps of the interview process in a virtual capacity. In response to California’s Stay at Home order and other states with similar provisions, our employees will continue to work remotely until these restrictions have been lifted and it is safe to work in an office again. Realty Income has endeavored to be adaptable and strategic in our capacity to maneuver in an unfamiliar situation, and we pride ourselves on our resilience. We immensely appreciate both your flexibility and consideration of Realty Income for employment.
To all recruitment agencies; Realty Income does not accept unsolicited agency resumes. Please do not forward resumes to our job’s alias, Realty Income employees, or any company location. Realty Income is not responsible for any fees related to unsolicited resumes.
About Realty Income
Realty Income (NYSE: O), founded in 1969, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The revenue to pay monthly dividends is generated from over 6,000 commercial properties in 49 states, Puerto Rico, and the United Kingdom that we own under long-term leases, primarily with large commercial enterprises that operate multiple locations. Our shares are traded under the ticker symbol “O” on the New York Stock Exchange.
Realty Income supports racial justice and equality for all. Respect, integrity, humility, diversity, and inclusion remain core values to us because how we act is as important as what we accomplish. We want to champion bringing meaningful progress. Uncompromising change must address and eliminate the systemic issues found in our institutions and society. We must challenge our own biases.
Corporate leadership starts with us.
Each day this journey begins with educating ourselves so that we can bring the best version of us to our colleagues and other stakeholders. We are committed to action by holding uncomfortable conversations and offering financial support to nonprofits advocating and advancing racial justice. We em...pathize with those impacted by prejudice and recognize our responsibility to support initiatives promoting a corporate culture and society that strives for equal opportunity for all. We will continue to foster inclusion within our teams and offer allyship to all who share this vision.
For more information about Realty Income please visit us at www.realtyincome.com.