Facilities Accounting (Senior Fixed Assets Accountant)

First Republic Bank
San Francisco, California, United States
Competitive salary
23 Feb 2021
25 Feb 2021
Job role
Experience level
Qualified accountant
At First Republic, we care about our people. We offer extraordinary client service in private banking, private business banking, and private wealth management. Founded in 1985, we believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You'll always feel empowered and valued at First Republic.

Incredible teams doing exceptional work, every day.

In Accounting, we're responsible for recording and reconciling financial transactions, processing vendor payments, processing payroll, calculating and remitting taxes. We also produce external and internal financial reports and interpret accounting guidance.

Discover the independence to grow and drive change

Under general supervision, the Senior Accountant will perform a variety of routine duties in the Accounting Department which includes, but are not limited to maintaining the Bank's records of leases, lease abstraction and entry into lease management software, accurate and timely payment of rent and operating expenses, accurate accounting of leases under ASC 842, reconciliation/analysis and certification of various general ledger accounts. The individual must be extremely adaptable, and an independent contributor. The role requires exceptional level of detail, communication skills and an ability to work with various business units within the bank.

What you'll do as a Senior Accountant:
  • Monthly review and reconciliation of landlord statements
  • Preparation and review of monthly accruals related to CAM, OPEX, insurance and taxes
  • Data abstraction related to new leases, modifications/amendments and lease options
  • Data entry of new leases, modifications/amendments and lease options into leasing software
  • Analyzing vendors to identify any non-real estate leases
  • Tracking key lease dates including lease renewals and rent increases
  • Assist in user acceptance testing
  • Prepare journal entries from internal and external sources with proper documentation
  • Reconcile and certify various General Ledger accounts within daily, monthly and quarterly deadlines
  • Prepare monthly lease forecasts for senior management
  • Assist in the preparation, filing, and accounting for annual property tax returns
  • Prepare quarterly and annual PBC's
  • Assist the team with fixed assets accounting cycle
  • Analyze data for daily reconciliations, complete ad hoc reports with analytical components, and prepare monthly & quarterly trend/variance analysis and write-ups for senior management
  • Support the accounting team in meeting month/quarter-end closing deadlines
  • Support the team during periodic desk rotation and vacation coverage
  • Assist management on fulfilling audit requests and responding to any related inquiries from internal and external auditors
  • Organize and maintain updated accounting procedures respective to assigned tasks
  • Protect organization's value by keeping information confidential
  • Assist in various projects as needed
  • Performs other duties & responsibilities as required or assigned by supervisor
  • Organize and Maintain Fixed Asset records and filing system including electronic record retention for all assigned tasks
  • Software capitalization rationale and analysis
  • Identify/retire disposed assets

You could be a great fit if you have:
  • Bachelor's degree in Accounting or related discipline
  • 2+ years of experience in Real Estate accounting including understanding of leases, CAM and ASC 842 and/or ASC 840, tenant-side accounting a plus
  • 2+ years of Big 4 experience a plus
  • Understanding of GAAP
  • Able to handle high volume of review and data entry
  • Proficient in Microsoft Excel (Vlookup's, Pivot tables, index match)
  • Excellent organizational and time management skills
  • Team player, ability to interact with many different business units
  • Excellent verbal and written communication skills
  • Oracle EBS experience with Oracle Property Manager or equivalent lease management software a plus
  • Experience using a procurement system a plus
  • Demonstrate great attention to detail
  • Excellent analytical skills
  • Ability to be proactive, execute tasks, handle multiple priorities and respond quickly to meet deadlines
  • Provides extraordinary service
  • Furthers the First Republic Bank culture and values

Job Demands:
  • Must be able to review and analyze data reports and manuals; must be computer proficient.
  • Must be able to communicate effectively via telephone and in person.
  • Must be able to work remotely.

Own your work and your career - apply now

Are you willing to take initiative and make decisions? Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.

We want hard working team players. You'll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability-that's the First Republic way. Come join us!

This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization. The Company is an equal opportunity employer. In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship.

First Republic is subject to federal laws that restrict the employment of individuals with certain types of criminal histories, including FDIA Section 19 and FINRA. To the extent not inconsistent with our obligations under those federal laws and regulations, First Republic will consider qualified candidates with criminal histories in a manner consistent with the Los Angeles and San Francisco ban-the-box laws.