Lease and Real Estate Accounting Officer

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Responsible for providing quality assured financial reporting of all activities for real estate and sourcing. Serves as a subject matter expert for lease accounting under ASC 842 and other general accounting topics including fixed assets, rebates and accruals. Responsibilities include assisting in maintaining up to date policies and requesting clarification of existing policies as required. Primary roles include Management Reporting & Analysis, Financial Risk Management (FRM), Financial Reporting, and accounting controls and operations. Responsibilities include management reporting, finance and accounting analytics, internal controls over financial reporting, execution of accounting processes, regulatory reporting, and accounting policy.

Position will sit in-office 3 days a week in our headquarters office in Charlotte, NC. Effective October 1, 2024, all Truist teammates will sit in-office 4 days a week. No remote option available

Essential Duties and Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Manages professional-level teammates, sets the team's direction, and communicates individual and team priorities.
• Manages deliverables for the team against expected results.
• Manages deliverables for the team against expected results.
• Makes judgments about the team's priorities and approach to work.
• Identifies and resolves technical, operational, risk management, business, and organizational challenges.
• Leads highly complex and visible projects with notable risk and complexity.
• Makes leadership decisions within established policies & procedures.
• Provide accounting guidance and support to ensure new products or transactions are accounted for correctly and accounting and financial reporting risks are identified
• Preparation/review of reporting and analyses of monthly results in support of the closing process (EOC and other monthly reporting) and understanding and reviewing financial results
• Subject matter expertise in the identification and querying of the data necessary to prepare and provide value added management reporting
• Account level variance analysis in support of the month-end close process. Includes identifying, analyzing, and interpreting variances and unusual trends in the LOB GL activity
• Preparation/review of standard and enhanced reports, regular and ad hoc analytics, and interpretation of LOB financial results
• Assess accounting impacts of business changes
• Oversight of the internal control structure over processes specific to the LOB that impact financial reporting; proactively partners with the LOB to ensure accuracy and integrity of processes impacting financial reporting. Includes understanding, articulating and reviewing results to ensure consistency with GAAP, financial policies, and controls
• Prepare/review reporting and analyses of monthly results for the closing process to identify and mitigate areas representing material financial risk
• Provides support for LOB information enhancement initiatives
• Prepare/review of SEC and Regulatory disclosures and financial filings to ensure the SOX Control structure mitigates financial risk
• Ensures adherence to relevant Financial Management requirements including policies, standards, procedures, internal controls, and record retention
• Support the month end close process
• Analysis of GL activity and results
• Performance of SOX controls
• Preparation of journal entries to record the results of business transactions to the GL
• Serve as liaison with Accounting Operations group as subject matter expert for LOB accounting and data
• Works collaboratively with the LOB and SFO teams to ensure accurate recording of transactions to the GL
• Preparation, review and oversight of quarterly and annual SEC and Regulatory disclosures and other financial filings
• As applicable by LOB, responsible for preparation and review of quarterly and annual legal entity audited financial statements and annual report
• As applicable by LOB, responsible for the preparation, review, and monthly submission of other regulatory reports and filings - eg FINRA FOCUS II report; Form SIS, Form SSOI, Form OBS, Form Custody for registered broker/dealers Support the Corporate Controller and Financial Reporting team on external financial and regulatory reporting matters including certain LOB specific regulatory reporting and internal management reporting Serves as liaison with Corporate Accounting Policy team as subject matter expert on LOB accounting issues, assisting in maintaining up to date policies, and requesting clarification of existing policies as required
• Responsible for monitoring compliance with Corporate accounting policies in the areas of the LOB that perform accounting processes
• Responsible for adhering to Truist accounting policies

Qualifications

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor's degree in Accounting or Finance, or equivalent education and related training.
• 2-3 years of relevant accounting or finance experience that includes complex financial analysis. Incumbent must possess the experience and business vision to provide leadership to support to the Corporate Controller and Executive leadership.
• Sound and comprehensive understanding of business and organizational strategies and processes.
• Ability to build consensus through communication and presentation of factual and relevant information.
• Strong verbal and written communication skills to interpret and communicate financial analysis to business partners in a concise and useful manner.
• Strong analytical and problem-solving skills.
• Sound and logical decision-making abilities.
• Demonstrated leadership skills and ability to work well with others in a dynamic, team-oriented environment.
• Familiarity with GAAP, with specific knowledge of GAAP related to supported business units.
• High proficiency in computer applications such as Microsoft Office Excel, PowerPoint, Word, Outlook, and other basic software products.
• Financial Modeling experience.

3 years of Lease and Real Estate Accounting experience

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by Full time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site )

. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on Full time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

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