Forest City Realty Trust, Inc.

  • Financial Accountant SR

    Employment Type
    Regular Full-Time
    Job Location : Address
    127 Public Sq
    Job Location : City
    Job Location : State/Province
    Requisition ID
  • Overview

    Forest City Realty Trust, Inc. is a NYSE-listed national real estate company engaged in commercial and residential real estate throughout the United States. Forest City Associates are committed to creating superior communities where people LIVE, WORK, SHOP and STAY!


    We are searching for a talented SR Financial Accountant to be based out of our corporate offices located in Cleveland, Ohio.  In this high visibility role, the chosen individual will predominately support our New York portfolio and partnership agreements requiring significant internal and external stakeholder collaboration. As a Sr Financial Accountant at Forest City, comfort presenting to multiple levels of leadership is required. Preferred candidates will possess prior real estate property accounting experience functioning in a fast paced environment.  


    The Senior Financial Accountant focuses on the generation, preparation, and communication of information that is complete and accurate to support effective decision making, management, internal controls, and financial reporting. Senior Financial Accountants are responsible for completing a wide range of general accounting, real estate accounting, and reporting activities within the Accounting Services Organization under the guidance and supervision of Accounting Managers or Supervisors. Senior Financial Accountants may be responsible for a product and/or property portfolio ranging from 10-20 properties and/or corporate/service/management entities depending on the level of accounting complexity involved. Senior Financial Accountants’ responsibilities reflect varying levels of capabilities and are expected to evolve as individuals acquire relevant experience and demonstrate greater accountability.   


    • Preparing and analyzing journal entries on both GAAP and tax basis including but not limited to: standard entries, applicable reclassifications / adjustments, review of all income and expenses, accruals, overhead allocations, consolidations and eliminations, and intercompany transactions. Collaborating with business unit and property level colleagues to obtain necessary data and documentation to prepare and support journal entries.                                
    • Preparing and distributing periodic reports for various legal entities (properties, management services companies, partnerships), external business partners (joint venture partners), governmental agencies (HUD, FAH), lending institutions (banks, institutional investors), and external auditors. Required periodic reports may include but are not limited to: Profit & Loss, Balance Sheet, and Cash Flows statements.
    • Train, coach and mentor Financial Accountants and other Senior Financial Accountants on general accounting and property accounting processes and activities. Provide insights into accounting for complex transactions and/or properties.
    • Supporting preparation of SOX 404 package including but not limited to: expense and income review, journal entries / supporting documentation, accounts payable and accounts receivable support, and fixed asset analysis. Performing tests of internal controls under SOX 404.
    • Preparing support data and analyses for financial reporting requirements and corporate communications needs including but not limited to: schedules, reconciliations, footnotes, board books, earnings calls, and analysts requests. Performing variance analysis, as required.   
    • Preparing reconciliations of general ledger accounts, as required. Ensuring completion of periodic accounting close checklists for respective entities. Supporting independent third party property audits.


    • This position requires an Undergraduate Degree in Accounting or Finance.
    • 3-4 years of required experience in Public Accounting or Real Estate Accounting.
    • A preferred professional/state licensing for this position include: Certified Public Accountant (CPA).
    • Knowledge of Timberline and SAP - Preferred
    • Required skills for this positon include: general accounting principles and processes, perform quality assurance reviews, people management and development, and Microsoft Office.          
    • This position requires up to 10% travel.



    Equal Opportunity Employer: Minorities/Religion/Sex/Protected Veterans/Disability/Sexual Orientation/Gender Identity/Marital Status/Pregnancy/Age/National Origin/Genetic Information


    Drug free workplace


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