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Portfolio Accountant
TX - Dallas

Opportunity Snapshot
Top reasons to consider aligning your career with Digital Realty
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Build Your Career with a Global Industry Leader Offering Challenging and Interesting Work Along with Advancement Opportunities

If you combine progressive accounting experience, ideally including public accounting, with knowledge of US GAAP, you are an excellent communicator and team player, and you have the drive to learn and advance your skills, the role of Portfolio Accountant with Digital Realty offers you some compelling opportunities. Quick question for you - click here You will:
  • Make an impact on our organization as part of a collaborative and supportive accounting team whose work is a cornerstone of our business.
  • Expand your skills and improve and develop your accounting knowledge in a role where you’ll gain a wide-ranging view of our portfolio accounting.
  • Enjoy broad exposure and visibility as you serve in a key role, support corporate accounting operations and gain exposure to accounting leadership.
  • Work on a talented team in an environment with strong processes in place, meaning we enjoy a good work/life balance. At the same time, your strong ideas and eye for improvement will be welcomed.
  • Showcase your potential to take on additional responsibilities and advance in an organization posting continuous strong growth as well as a strong, stable financial profile. If you’re looking to build a career with an industry leader, this could be a great opportunity to do just that!
  • Be part of a strong culture with engaged leadership that truly values employees and is committed to professional development and advancement.
Digital Realty: Where the cloud lives and business thrives. We built the global standard for technical real estate, developing a unique capability to acquire, manage, and scale data center campuses. Now, Digital Realty is building a unique ecosystem of open solutions that power customer growth through exceptional service on a foundation of unrivaled data center expertise. The new Digital Realty combines unparalleled data center services, carrier-dense interconnection, real estate acumen, and financial strength to create a unique power of choice and value when and where our customers need it.
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Make Your Mark in an Essential Corporate Accounting Role

The Requirements
Find out what it takes to own and thrive in this role.
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To meet the basic qualification for this role, you will have legal authorization to work permanently in the United States for any employer without requiring a visa transfer or visa sponsorship. In addition, to be a good fit for the Portfolio Accountant opportunity, you will have:
  • A bachelor’s or master’s degree in Accounting, Finance, or a similar field, or equivalent experience/education
  • 2+ years of progressive work experience in Accounting, Finance or a related discipline, preferably in property accounting; knowledge of commercial leases and revenue related recoveries is strongly preferred
  • Strong knowledge of GAAP including prior working knowledge in preparing US GAAP financials
  • Experience and aptitude with ERP systems (ideally Yardi) Quick question for you - click here
  • Knowledge of MS Office applications with intermediate to advanced proficiency in Excel Quick question for you - click here  
Just as important will be the following competencies and characteristics:
  • The ability to effectively handle multiple projects simultaneously in a deadline-driven environment
  • Exceptionally strong analytical and quantitative skills, and the ability to comprehend, analyze, and interpret complex documents
  • Excellent written and verbal communication skills, as well as interpersonal skills and the ability to effectively work cross-functionally with a variety of shareholders at multiple levels
  • A strong sense of urgency, and the energy and drive to thrive in a fast-paced, high-pressure environment
  • The ability to stay on track and consistently meet and exceed deadlines
  • The ability to focus, prioritize, and multi-task
  • A high level of integrity and principles that embrace transparency
  • Meticulous attention to detail, solid organizational skills, and the ability to work efficiently and independently
  • Analytical thinking skills combined with the resourcefulness to find creative solutions
  • Strong business acumen with a natural ability to interpret data and clearly align it to business goals
  • Digital Realty cares about the health and safety of its workforce, customers, and vendors. Except in limited circumstances where an employee is legally entitled to an accommodation, Digital Realty requires all new hires to be fully vaccinated by their start date as a condition of employment. 
Preferred but not required:
  • A CPA or public accounting experience
  • Experience working within a multi-national environment
  • Working knowledge of Sarbanes Oxley is highly desirable
  • Excellent presentation skills and comfort presenting to senior management would be helpful
  • Experience with Multi-dimensional reporting tools is a plus (Oracle, Host, Birst)
You’ll generally work M-F during business hours, with extra hours during month or quarter closes if needed. We have active protocols in place to ensure the health and safety of all employees. For the time being, you will work remotely, although you may come into the Dallas office occasionally for initial onboarding and training. We plan to return to the office in a hybrid remote arrangement sometime early in 2022.

Pictured: We are committed to driving environmental efficiency through sustainable design to minimize the impact on the environment, optimize the use of energy, and deliver improved performance to our customers.
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The Role
If you meet the minimum qualifications, feel free to apply at any time. If you'd like some additional details about the role, please read below.
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Reporting to the Manager of Portfolio Accounting (in a matrixed environment with the other Portfolio Accounting Managers) you will join a team of four others who rotate duties between colocation and scale, and among all of the regions, giving you opportunities to learn and expand your skills. Under general supervision, you will have responsibility for preparing and completing revenue tasks related to the property level financial statements including variance analyses, general ledger reconciliations property/tenant statistics and presenting the data to Asset and Corporate Management to provide insights for better decision-making.

You’ll help ensure the timely close of the company’s North America portfolio revenue results on a monthly, quarterly, and annual basis, participate as part of a team in maintaining the integrity of the accounting and internal control systems by adhering to SOX controls, and apply accounting policy consistent with US GAAP to prepare, analyze, maintain and deliver complete and accurate financial reporting for a publicly traded Commercial Real Estate company. We’ll also look to you for the ongoing support of internal customer needs, specifically Asset Management, Operations, Sales, FPA, and Legal teams. Though we have processes in place, you’ll have the chance to participate in developing/refining day-to-day operating practices and a focus on continued process improvement.

Most of your time will be spent completing all necessary tasks associated with revenue-related income statement and balance sheet accounts, with an emphasis on lease interpretation and calculating straight-line rent. Though this is not a complete list, some of your accounting tasks will be to:
  • Review rent roll information, tenant charges and receivables, ensuring proper recording of revenue against tenant leases and leases abstracts.
  • Interpret commercial leases to prepare and compute the associated straight-line rent (as applicable).
  • Review revenue for tenant improvements, installation fees, and lease incentives against leasing assumptions for reasonableness and recommended GAAP guidance to ensure proper revenue recognition.
  • Assist in the preparation of the financial statements including supplemental reporting by participating in the month-end portfolio accounting revenue close.
  • Prepare and record monthly bad debt expenses by applying the company’s bad debt policy to a portfolio of properties.
  • Analyze general ledger, calculate and prepare necessary journal entries to ensure accurate financial results for the North America Portfolio.
  • Prepare and review monthly account reconciliations and analyze variances.
  • Update monthly workpapers supporting each balance sheet account, review monthly balance sheet and income statement activity, and prepare bank reconciliations and resolve any variances.
  • Complete quarter-end, year-end, and month-end income statement flux preparation and analysis, including a thorough investigation of changes in, for instance, operating revenues or expenses.
  • Support property acquisition and disposition processes through recording revenue-related opening and closing entries and follow-up.
  • Fulfill various ad-hoc project requests from Accounting Managers and internal customers (Asset Management, Operations, Finance).
  • Complete Held for Sale reporting and Technical Accounting research, and document policies, procedures and workflow for revenue areas of responsibility as assigned.
  • Develop knowledge of new accounting pronouncements ACS 606 and ACS 842.
  • Record monthly expense accruals for the North American portfolio.
  • Prepare CAM reconciliations on a monthly, quarterly and annual basis.
  • Record monthly depreciation and amortization schedules for fixed assets, and monthly amortization entries for prepaid expenses.
  • Prepare and record recovery reimbursements.
  • Calculate management fees.
Note: this description is intended to give you a general overview of the position and is not an exhaustive listing of duties and responsibilities.
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Why Join Us
More good reasons to join our team.
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Visibility and impact
As part of the corporate Portfolio Accounting team, you will play an important role in setting the company up for success. What we do feeds into the rest of the organization, and our work is a cornerstone for our financial results. This team is visible at the highest levels of our organization, and your successes will certainly be noticed.

Excellent team
You will join a strong team with four other accountants who enjoy the work we do, and who are all here to help the company succeed. We work well together, with a sense of camaraderie both from the Portfolio Accountants and from the management team, all of whom will be available to help ensure you have the training and knowledge you need to excel in this role.

Growth without limits
We're growing fast and growing smart, including acquiring businesses that complement and strengthen our core offerings. We're already one of the largest players in our space, and ongoing growth will create opportunities for strong performers. For example, once you find success in this role you could move into management, or to another accounting function within our wide-reaching organization.

Strong foundation
Our financial strength and stability provide our customers with the assurance that Digital Realty will be their partner for current data center needs and those in the future, and our investment credit ratings provide us access to paths for more capital. We view each of our customers as a long-term partner.

Entrepreneurial culture
We value collaboration and encourage innovation, and the organization is committed to providing employees the tools and training they need to excel and develop professionally.

Excellent compensation
In addition to a competitive salary and bonus potential, we offer a comprehensive benefits package that includes all you would expect plus some pleasant surprises, like multiple flexible spending plans, a generous company match on the 401(k) plan, and more.

Pictured: Digital offers comprehensive Remote Hands Service, providing the expertise our customers need to uncover opportunities and get the most out of their data center.
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The Road to Success
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Just as with any accounting role, to excel here you’ll need strong attention to detail, the drive to meet strict deadlines, the ability to handle multiple competing demands, and the flexibility to change priorities as needed. In addition, this role will require excellent communication abilities. You’ll need to keep all of the team and managers in the loop, ensure it is clear when one task is waiting on another, and letting the team know when you need help.

In addition, to be an outstanding Portfolio Accountant, you will:
  • Take pride in delivering quality and timely work
  • Think on your feet to handle non-standard issues that arise
  • Serve as a reliable and knowledgeable team player; support others as they will support you
  • Bring a positive, upbeat attitude
  • Remain flexible and adaptable in a changing, growth-oriented environment
  • Build strong relationships on and off the team
  • Value curiosity and inquisitiveness; take advantage of opportunities to provide decision-makers with even greater insights
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Digital Realty is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.

If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact the Human Resources Department at jdibenedetto@engage2excel.com.