Staff Accountant II - Royalty Accounting

Purpose: The Staff Accountant II performs landlord lease and sublease accounting processes, completing rent calculations, reconciliations, and compliance reporting while providing a high-level of customer support to landlords and subtenants.

Essential Functions:

• Collaborates with Operations Controllers to ensure the accuracy of the financial books, partnering with Business Development and Legal to ensure compliance with contractual rent terms and lease agreements
• Provides accounting assistance in the rent and subtenant departments within Corporate Accounting, including journal entries, reconciliations, and variance analysis
• Supports lease reporting activities through data analysis, technology solutions, and interpretation of lease terms
• Assists with creating and amending leases, verifying accuracy and integrity of sales mapping tables and rent calculation parameters
• Responds to landlords and sublandlords, Development, Development Finance, Operations, and other stakeholders regarding rent-related inquiries, audits, and reporting requirements
• Maintains strong working relationships with landlords and sublandlords to resolve rent-related matters, address disputes, and ensure timely resolution of issues

Reporting Relationship:The Staff Accountant II reports to the Senior Manager of Rent Accounting

Minimum Qualifications, Knowledge, Skills, and Work Environment:

• Education and Experience: The combination of education and professional experience must exceed 5 years:
  • In a technical role: Requires 5 years of experience engaged in delivering accounting programs; rent accounting experience strongly preferred
    • A bachelor’s degree in a program related to the functional area can count for 3 of the 5-year requirement
  • In the industry: 3+ years of hospitality, F&B and/or retail experience
• Specialized Training:
  • Training that leads to strong knowledge of GAAP principles and their practical application
  • Knowledge of state and federal tax regulations and statutes
• Specialized Skillset/Competencies/Traits:
  • Solid Excel skills including pivot tables, VLOOKUP, and data analysis functions
  • Experience with PeopleSoft Financials and SAP a plus
  • Analytical skills to interpret financial data, identify root causes of variances, and develop solutions
  • High level of accuracy in work product with strong quality control mindset
  • Flexibility to adjust to changing priorities; ability to manage multiple priorities and meet tight deadlines
  • Business acumen and also has the mindset required to understand the long-term implications of accounting to advance the organization’s goals
  • Demonstrated history of understanding the needs of the business, stakeholders, the employee population, and individual circumstances
  • Demonstrated history of creating and maintaining positive work environments
• Location: This position is based at the North America Support Center in Bethesda, MD