Job Abstract

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Overview

AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

The Role

The Manager of Technical Accounting will play a critical role in ensuring the accuracy and compliance of the company's financial reporting and accounting practices. This position involves researching and interpreting complex accounting standards, implementing new accounting policies, providing guidance on technical accounting issues, and evaluating accounting for deal and transaction structures. In addition, the position includes the accounting for the Company’s derivative and hedge transactions and share-based compensation equity accounting. The ideal candidate will have a strong background in public accounting and a deep understanding of GAAP and SEC regulations, with specific experience in real estate accounting.

Key Responsibilities:

Research and Analysis:

• Research and interpret new and existing accounting standards and regulations (GAAP, SEC) and assess their impact on the company's financial statements, particularly in the context of real estate.
• Stay updated on emerging accounting issues and trends relevant to the real estate industry and support the industry accounting and disclosure practice.
• Assist in the preparation of SEC disclosures.

Policy Implementation:

• Develop, document, and implement accounting policies and procedures in compliance with regulatory requirements.
• Ensure consistency and accuracy in the application of accounting principles across the organization, with a focus on real estate transactions and operations.

Business Support:

• Provide technical accounting guidance to various departments, including Investments, Finance, and Tax.
• Assist in the evaluation and accounting for complex transactions, such as property acquisitions, development projects, leasing arrangements, joint ventures, debt, restructurings, and revenue recognition related to real estate.

Derivatives & Share-based Compensation:

• Evaluate and assess hedge transactions and the on-going accounting assessment for those transactions.
• Head the Company’s share-based compensation accounting and equity transactions.

Qualifications:

Education:

• Bachelor’s degree in Accounting; CPA or equivalent certification required.

Experience:

• Minimum of 5 years of experience in public accounting with technical accounting, Big 4 background preferred.
• Demonstrated expertise in GAAP and SEC reporting requirements.
• Experience in real estate accounting, including familiarity with industry-specific accounting practices and regulations preferred.

Skills:

• Strong analytical and problem-solving skills with a high attention to detail.
• Excellent written and verbal communication skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.

How AvalonBay Supports You

Additional Info

AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment.? We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.

AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.

For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)