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Real Estate Accountant II

Employer
TBC Corporation
Location
North Palm Beach, Florida, United States
Closing date
Jun 13, 2024

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Job Role
Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Company Overview

With $5 billion in revenue and 3,800+ employees in the U.S., Mexico and Canada, TBC Corporation is a leader in the mobility industry and one of North America's largest marketers of automotive replacement tires through wholesale and franchise operations. TBC serves wholesale customers in the United States, Canada and Mexico through TBC Brands, NTW, TBC International, and TBC de Mexico. Additionally, TBC responds to the needs of consumers in search of total car care at more than 2,000 franchised tire and automotive service centers under the Big O Tires and Midas. TBC is headquartered in Palm Beach Gardens, Florida.

TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the US, Canada, and Mexico. TBC has 20 proprietary brands of tires specializing in passenger, commercial, farm and specialty tires. In 2005, TBC Corp. was purchased by Sumitomo Corporation of America (SCOA). SCOA is the largest subsidiary of Sumitomo Corporation, one of Japan's major integrated trading and investment business enterprises. In 2018 Michelin, the largest tire manufacturer in Europe, invested in the company which is now a 50:50, privately held joint venture between Sumitomo and Michelin.

Description

The Real Estate Accountant II role is highly visible within our organization and is responsible for producing various analysis and schedules in conjunction with financial reporting on a daily, weekly, monthly, and annual basis. This includes financial analysis, account reconciliations and month end close tasks for all companies managed by TBC Corporation. Supports all monthly close and year-end financial reporting related activities. Numerous special projects assigned from upper-level management are also a part of your responsibility throughout the year.

This role will be a Hybrid work environment.

Job Responsibilities

* Prepare and report on accounting and non-accounting data on a monthly, quarterly and annual basis from the appropriate systems (i.e., SAP, TM1, CoStar, MF Poer, CASS, etc.
* Responsible for Real Estate Tax (RET) and personal property tax (PPT) accrual journal entries
* Responsible for the accurate and timely review and processing completion of the monthly Rent Batching, monthly non-batched rents, and the weekly one-time rent processing.
* Review RET & PPT funding requests for accuracy and independently resolve discrepancies.
* Analyze RE Tax Deposit balances and prepare reconciliations for each shop annually and for shop sales, as needed.
* Communicate Tax Deposit adjustments and billings, with appropriate supporting documentation, to Lease Administrators, in a timely manner.
* Communicate financial information to appropriate individuals in a timely manner.
* Prepare, review and document findings as part of monthy expense analysis and other fluctuation analysis performed on an ad hoc basis
* Prepare annual real estate budget and quarterly forecasts.
* Suggest and implement process improvements to daily accounting functions.
* Ability to read, comprehend, and interpret lease legal documents & analyze financial impact.
* Understands basic premise of ASC842 & IFRS accounting standards, including associated reporting requirements.
* Complete Ad Hoc reporting, analytics and special projects, as assigned.

Qualifications

Education:

Bachelor's degree in Accounting required. MBA, CPA or Masters in Accounting a plus.

Experience:

3-5 years accounting experience required or Real Estate accounting experience required

* Excellent PC skills, including Excel, Access and Word.
* SAP and CoStar (real estate management software) experience a plus.
* Fast paced environment dealing with large quantities of data.
* Self-motivated, independent critical thinker, problem-solver, comfortable multi-tasking in a work environment with strict deadlines.
* Excellent Reconciliation and Analytical Skills with strong decision analysis.
* Strong Written and Verbal Communication skills with proven ability to identify and resolve intra-departmental accounting issues.
* Works well under pressure
* Ability to effectively interact via written and verbal communications with Landlords, Property Managers, Dealers/Franchisees, and TBC management to resolve Real Estate tasks in a timely manner
* Ability to read, comprehend and interpret lease related legal documents for proper accounting treatment, validating payments and billings within CoStar Real Estate lease management system.

Benefits

* Competitive compensation and monthly bonus potential
* Medical, Dental and Vision coverage
* Company paid short term disability and company subsidized long term disability
* Company paid life insurance
* 401(k) with company match and immediate 100% vesting
* Generous paid vacation and paid time off
* Tuition reimbursement
* Flexible spending account
* Employee assistance program
* Purchasing power program that allows associates with a year of service to make large retail purchases through convenient payroll deduction
* Vendor purchase discount program
* Employee automotive discounts

TBC Corporation is an Equal Opportunity Employer and maintains a Drug-Free Work Environment.

#joinourteam #LI-DNI

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