Third Party Management Senior Accountant

Company Description

Since opening our first self-storage facility in 1972, Public Storage has grown to become the largest owner and operator of self-storage facilities in the world. With thousands of locations across the U.S. and Europe, and more than 170 million net rentable square feet of real estate, we're also one of the largest landlords.

We've been recognized as A Great Place to Work by the Great Place to Work Institute. And, our employees have also voted us as having Best Career Growth, ranked us in the Top 5% for Work Culture, and in the Top 10% for Diversity and Inclusion.

We're a member of the S&P 500 and FT Global 500. Our common and preferred stocks trade on the New York Stock Exchange.

Job Description

The Third-Party Management (“3PM”) Senior Accountant will support accounting, cash management, and financial-control activities for Public Storage’s growing 3PM program. This position will lead and support a team responsible for maintaining the general ledger and banking activity for a portfolio of more than 400 properties. Key responsibilities include bank reconciliations, wire and ACH transfers, credit card and customer ACH payment processing, chargeback activity, monthly reimbursement and distribution calculations, month-end close support, and SOX compliance. The Senior Accountant will also partner with 3PM Client Services to research and resolve customer inquiries.
 
The Role

This position will report to the Third-Party Management Accounting Manager and will collaborate with colleagues across the Third-Party Management organization and broader company. Responsibilities include:

•  Manage the monthly bank reconciliation process for a portfolio of 400+ properties, supporting accurate financial reporting and strong account controls
• Manage weekly customer credit card settlements and the transfer to the respective properties
• Record a variety of cash related transactions to the ledger, including chargebacks, bank fees, payment processing fees, NSF checks, cash/check/credit card/ACH variances, and more.
• Help manage the daily and monthly bank reconciliation process, which is performed entirely by the Cash accountants and serves as a key financial and account control.   Bank accounts reconciled are used by more than 400 stores and owner entities and are highly complex in nature. 
  • Be the “go to” person to address and resolve reconciliation-related questions and issues raised by staff, store personnel, and other corporate accountants
  • Administer the ReconNET / Blackline reconciliation software system, which are central to the bank reconciliation process.
• Research and resolve questions and issues raised by Third Party Management team and customers.
• Record monthly accounting entries, adjustments, and accruals related to 3PM properties.
• Prepare the final distribution process for terminated properties
• Calculate monthly reimbursements to PS and revenue distributions to owners.
• Assist the broader accounting team with   banking issues, payment systems, cash control, and treasury-related matters when needed.
• Train and review work completed by Global  Cash GL staff accountants.
• Ensure financial activities and records comply with GAAP and internal controls.
• Contribute to SOX monitoring and compliance while working closely with both internal and external auditors.
• Support the timely and accurate completion of monthly, quarterly, and annual close processes.
• Collaborate with other Finance, Accounting, Analytics, and IT teams across the organization to continually streamline, automate, and improve existing processes.

We are looking for the right fit from not only the technical perspective, but a team fit as well. In addition to showing a desire and demonstrated potential for growth and advancement, some of the characteristics we would like to see in the successful candidate are:

• Team player - someone who works toward team goals and achievements
• Sense of urgency - ability to meet regular monthly/quarterly deadlines successfully
• Quality of thought - the ability to understand and process opinions from all levels within the organization

Qualifications

The ideal candidate for this position will have extensive analytical, problem-solving, and interpersonal skills.  Candidate must be a self-starter who can identify and solve issues, support multiple projects, and communicate effectively both orally and in writing. Candidate must not only demonstrate a basic aptitude and understanding of accounting and controls but also demonstrate the ability and desire to add value to the company from an operational standpoint

• Four-year college degree in accounting, finance, or other applicable major required.
• 5-8 years of relevant experience is required
• Strong analytical and accounting skills
• Ability to quickly learn and master multiple, complex accounting, treasury, and payment systems and software and make proficient use of such knowledge to solve issues, answer questions, and complete projects.
• Advanced computer skills, especially in MS Excel, knowledge of SAP, ReconNET, and Blackline is a plus
• CPA license is a plus
• Ability to develop cooperative relationships within all levels of the organization

 

Additional Information

Public Storage is an equal opportunity employer and embraces diversity. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status. All qualified candidates are encouraged to apply.

**Sponsorship for Work Authorization is not available for this posting.  Candidates must be authorized to work in the U.S. without restrictions or requiring sponsorship now or in the future. We do not provide training plans or support for F-1 OPT, STEM OPT extensions, or future visa sponsorship.**