Accountant, Real Estate Accounting

Posted:
9/19/2024, 1:51:25 PM

Location(s):
Denver, Colorado, United States ⋅ Colorado, United States

Experience Level(s):
Junior ⋅ Mid Level

Field(s):
Accounting

Prologis, Inc. is the global leader in logistics real estate. In partnership with our customers and our communities, we develop modern, high-quality properties that set the standard for innovative building design and sustainability. Prologis owns or has investments in properties and development projects of ~1.2 billion square feet in 19 countries and enables 2.8% of the world’s GDP. We have committed to achieve net zero emissions by 2040. Beyond real estate, our Essentials platform optimizes the company’s global asset portfolio to provide our customers solutions that address today’s warehouse and shipping challenges. Prologis Ventures invests in logistics innovation and technology companies to modernize supply chains worldwide.

Job Title:

Accountant, Real Estate Accounting

Company:

Prologis

Accountant, Real Estate Accounting (Asset Management) - Denver

A day in the life

Our Real Estate Accounting team is responsible for the external reporting of our reporting portfolios (operating, development and land) and capital deployment activities for Prologis, a large multi-billion dollar global Real Estate Investment Trust listed on the S&P 500.  As an Accountant on the Real Estate Accounting team, you will be the primary producer of information entered into, maintained, and delivered out of the Peoplesoft Asset Management module for the US and Canada. In addition, this role may be involved with other areas of real estate accounting, such as review capital expenditures and other ad-hoc real estate projects. You will be given the opportunity to interact with various internal teams and should have a strong background in analytics, data analysis, great eye for detail, and a strong commitment to process improvement. The ideal candidate will be a go-getter with a doer mentality and a great attitude.

Key responsibilities include:

  • Prepare assets to be entered into the Asset Management module, including building acquisitions, property improvements, tenant improvements, leasing commissions, and FF&E
  • Retire assets from Asset Management when a building is disposed
  • Adjust asset balances and useful lives in Asset Management
  • Understand capitalization and depreciation policies to enter journal entries into PeopleSoft in accordance with Generally Accepted Accounting Principles.
  • Perform the close of depreciation monthly and post entries for US and Canada
  • Reconcile Asset Management balances to General Ledger balances monthly, explain variances, and work with team members to clear reconciling items
  • Prepare month to month depreciation fluctuation analysis, explain variances, and correct any issues identified
  • Coordinate with the Corporate Accounting and Facilities teams to enter FF&E
  • Coordinate with the CapEx A/P team to adjust property improvement and tenant improvements
  • Prepares forecast for FF&E depreciation quarterly and provide to FP&A team
  • Additional responsibilities could include capital expenditure review and ad-hoc real estate and development related

Building blocks for success

Required:

  • Bachelor's degree in accounting or related field
  • 1+ years general accounting experience
  • Have a strong work ethic with demonstrated ability to work in a collaborative manner. Use feedback and reflection to own self-development
  • Create a positive team spirit, support company and department initiatives and
  • Display a strong sense of personal accountability to identify and work within required reporting timelines
  • Effective interpersonal skills, including the ability to work across the functional and cultural lines of a fast-paced, multinational company
  • Familiar with standard accounting concepts, practices, and procedures within the real estate industry
  • Conscientious, detail-oriented and produces accurate financial results and reports within required deadlines
  • Knowledge of US GAAP
  • Proficient in MS Excel, Word. Knowledge of PeopleSoft (General Ledger, Project Costing, Asset Management) and YARDI Property Management a plus

Hiring Salary Range of: $66,000 - $80,000. Salary and whole compensation package (bonus target) to be determined by the candidate’s location, education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.

#LI-KR1

People First

Each of us working at Prologis plays an essential role in the enduring success of our company. We value people who are decisive, courageous and adaptable. While we are one company, locations and departments operate with autonomy and accountability. Individuals take the initiative here.

When you join Prologis, you work shoulder to shoulder with some of the top talent in the industry to do the best work of your career. Every employee belongs. Every employee contributes. Employees advance their careers here.

As a successful global enterprise, Prologis has never lost sight of what matters most, our strong belief that our people are the most important part of our business. And because of that, we provide a generous total rewards package and take a lot of time to focus on quality management and leadership development. People come first here.

All full-time roles in the US come with a robust benefits package which includes healthcare, dental, and vision insurance for employees and eligible dependents. Prologis also offers several other wellness, financial, and work/lifestyle-specific benefits. Our 401(k) retirement plan has a company match of 50% up to 12% of eligible compensation. We also offer generous PTO with a starting accrual of 22 days a year in addition to paid holidays and volunteer time. 

All job offers are contingent upon successful completion of background verification. Prologis is an Equal Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religions, sex, national origin, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by law.

Employment Type:

Full time

Location:

Denver, Colorado

Additional Locations: