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Senior Accountant, Construction & Development

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Job Description:

The Senior Accountant, Construction and Development (“C&D”), a new position on the C&D team, will play a critical role in providing accounting support for the company’s robust capital expenditure (“capex”) programs, which resulted in $600M+ spend in 2024.

Reporting directly to the Manager, Construction and Development, this position executes on the day-to-day responsibilities of the team, which includes job cost subledger administration, journal entry recognition, capex policy adherence, reconciliation of operator reporting, balance sheet reconciliation / rollforward and internal control execution.

This position also offers numerous opportunities to work in a cross-functional environment including significant interaction with all other accounting teams, treasury, asset management, planning and operations teams, along with several external partners. Finally, the opportunity to play a key role in scaling the team’s processes and technological resources, particularly in our growing Senior Housing Operating Portfolio (“SHOP”), will be a key day one initiative for this position.

The ideal candidate will have a strong interest in advancing process and technology improvements, has a high level of energy, positive attitude, a keen attention to detail and the ability to deftly handle multiple priorities and conflicting deadlines with minimum supervision. C&D accounting experience is strongly preferred, but experienced accountants with an enthusiasm for learning new skillsets and demonstrated history of a continuous improvement mindset will also be considered.

Responsibilities:

Oversee the day-to-day administration and data governance of the job cost sub-ledger to ensure C&D spend is effectively controlled and accurately reported. Drive the advancement of job cost capabilities across all segments.
Ensure consistent adherence to the CapEx policy across all segments through ongoing review of actual spend and collaboration with segment teams to ensure the policy is properly considered during the planning and budgeting phases.
Serve as the primary point of contact for field operations, third-party managers, and operators regarding C&D-related topics.
Reconcile SHOP operator uploads in coordination with internal segment teams.
Collaborate with business partners to ensure timely placement of service actions and coordination with other relevant processes such as revenue recognition and interest capitalization.
Administer interest and internal payroll capitalization processes when applicable.
Prepare monthly, quarterly, and ad hoc C&D reports, reconciliations, and roll-forwards as required by internal and external stakeholders.
Support the implementation of future accounting guidance related to C&D, including upcoming ESG requirements.
Assist with asset acquisition, disposition, and integration activities as they relate to the C&D area.
Identify inefficiencies and areas for improvement, acting as a driving force for future organizational goals related to the C&D function.
Ensure that controls over assigned areas are properly designed, implemented, and operating effectively.
Serve as a backup for other members of the C&D team, with opportunities to support other segments.
Occasional travel to other corporate offices, company properties, and operator locations may be required.

Qualifications:

Bachelor’s degree in Accounting required.
CPA designation or active pursuit of CPA certification strongly preferred.
A minimum of five years of GAAP accounting experience in a corporate and/or public accounting environment required.
Significant experience in C&D and job cost accounting is strongly preferred.
Proven success in evaluating and implementing forward-thinking process improvements.
Ability to thrive in a fast-paced, ever-evolving work environment that requires an openness to change and adaptability.
Strong interpersonal skills with a genuine enthusiasm for working closely with a wide range of internal and external partners.
Analytical ability to assess complex problems, often with conflicting or uncertain data, and provide concise, well-conceived solutions.
Ability to understand complex legal documents (e.g., construction contracts, development agreements) and implement proper accounting in accordance with GAAP and company policy.
Proficiency in Microsoft Excel required; Yardi Voyager experience is a plus.

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Ventas, Inc. offers a competitive compensation and benefits package to the successful candidate.

Ventas, Inc. is an Equal Opportunity Employer.

Ventas, Inc. does not accept unsolicited resumes from staffing agencies, search firms or any third parties.

Average salary estimate

$100000 / YEARLY (est.)

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$80000K

$120000K

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What You Should Know About Senior Accountant, Construction & Development, Ventas, Inc.

Join Ventas, Inc. as a Senior Accountant in Construction & Development (C&D) based in Louisville, KY, where you'll be at the forefront of managing our capital expenditure programs that exceeded $600 million in 2024! This newly created role is vital for our C&D team, responsible for administering job cost subledger, handling journal entries, ensuring adherence to capex policies, reconciling reports, and executing internal controls. You'll collaborate closely with our accounting teams, treasury, asset management, and external partners, making this an exciting opportunity to work in a dynamic, cross-functional environment. Your days will involve not just the typical accounting tasks but driving improvements in our processes and technology, especially as we expand our Senior Housing Operating Portfolio. We seek a detail-oriented individual with a passion for efficiency and a knack for balancing multiple priorities. If you have a background in C&D accounting or are an enthusiastic accountant eager to embrace new challenges, this role might just be your next big step! At Ventas, Inc., your skills will directly impact our operations and support the successful scaling of our team from day one. Plus, we offer a competitive compensation and benefit package that recognizes your hard work and dedication!

Frequently Asked Questions (FAQs) for Senior Accountant, Construction & Development Role at Ventas, Inc.

What are the responsibilities of a Senior Accountant at Ventas, Inc.?

As a Senior Accountant at Ventas, Inc., your primary responsibilities will include overseeing the job cost subledger, journal entry recognition, and ensuring adherence to capex policies. You will also be tasked with reconciling operator reports, preparing monthly and quarterly financial reports, and identifying process improvements to streamline operations. Collaboration with field operations and various internal partners is vital, along with administering payroll capitalization processes as necessary.