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Property Accounting Intern

2 months ago

Cincinnati, United States PECO Full time
About us:

Phillips Edison & Company takesPRIDEin creating great omni-channel grocery-anchored shopping experiences and improving communities, one center at a time. PECO's culture is fueled by theENERGYour team brings to work every day - to find creative solutions and create value for our centers, our investors, our communities and the greater world around us. PECO's culture is driven by our team'sCONNECTIONto each other and the communities in which we live and work. PECO embraces theOPPORTUNITYto source and implement creative and sustainable programs to create a positive impact on the environment.

Phillips Edison's operating platform provides retail services including acquisition, redevelopment, leasing and management of grocery-anchored retail centers.

What you'll do:

The Property Accounting Intern will report to a Property Accounting Team Lead and work with other team members in person in our Cincinnati, OH office. Preference will be given to candidates who are willing to work a double rotation (i.e., full-time in spring 2025 with another full-time rotation in either summer 2025 or fall 2025). Upon returning for their second full-time semester with us, interns will receive a raise of $1/hr.

  • Gain a further understanding of the various accounting systems, the monthly accounting close process and reporting cycle, and further develop excel skills.
  • Assist in various month-end close functional team duties (i.e., review various rent charges for accuracy, ensure contract services are billed automatically based on contracts with vendors, monthly utility accrual preparation, fixed asset additions, disposals and completion of fixed asset roll- forwards)
  • Perform various special projects throughout the month (i.e., review invoices for accuracy of capitalization requirements, review depreciation additions, assist in the common area maintenance (CAM) reconciliations for over 300 properties)
What you'll learn:

Throughout the internship term this role provides the student with the following:
  • Develop techniques to reconcile accounting on the general ledger and how to resolve discrepancies.
  • Develop skills required to interact with other professionals at varying levels throughout the company.
  • Develop time management skills and the ability to be responsible for more than one project at a time.
  • Learn the process of documenting work performed on projects and communicating effectively with supervisors and other company personnel.
What we're looking for:
  • A current undergraduate student who is able to work full-time during the semester
  • A current university student enrolled in a degree seeking program studying Accounting or another business-related field with a minimum GPA of 3.0
  • Proficiency in Microsoft Office products, especially Excel
  • Ability to work independently, with direction and guidance, and on a team (as needed)
  • Excellent organizational skills with proven ability to balance multiple priorities at once

Why PECO?

With consistent recognition as one of Cincinnati's top workplaces for 7 consecutive years, PECO's success as one of the nation's largest owners and operators of grocery-anchored shopping centers is driven by a strong employee culture and a small company feel. PECO values diversity, equity, and inclusion through various employee resource groups, and offers numerous wellness programs - including an on-site fitness facility and fitness classes. At PECO, associates enjoy meaningful interactions with one another, creating an energetic, high performing, yet relaxed work environment where individuals truly enjoy being a part of the team.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)