Vice President, Financial Reporting

Arlington, VA, United States

Overview AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

The Role

The Vice President of Financial Reporting is responsible for the Company’s external investor and SEC reporting process, consolidated internal reporting, as well as oversight for transaction and deal structure analysis and technical and regulatory accounting and disclosure matters. These responsibilities include providing leadership and guidance to accounting staff. The individual in this role will work closely with a range of accounting, finance, investment, development, operational, IT, and legal associates.

This role will:

Oversee the external financial reporting for the Company.

Serve as the GAAP accounting lead for technical accounting review and structuring assessments for transactions and other business activities, as well as for assessing new accounting standards and regulatory requirements.

Oversee the accounting and reporting for the Company’s derivative and hedge accounting as well as for equity and share based compensation.

Support of corporate and department initiatives as needed, developing and generating monthly and ad hoc reporting as well as system upgrades and implementations.

Support the external audit process for both financial reporting and SOX.

Oversee Financial Reporting and Technical Accounting teams, ensuring proper guidance and training/cross training to foster staff development and achievement of the primary job functions and goals of the team.

The Financial Reporting will include:

Oversight of the SEC reporting for the Company, including Forms 10-Q and 10-K, as well as the quarterly Earnings Release

Oversight of, or support for annual reporting for the Company’s Employee Stock Purchase Plan, 401k Plan, Proxy Statement, and other legal and regulatory reporting.

Periodic benchmarking of reporting practices of the Company

Technical Reporting will include:

Providing GAAP accounting and reporting guidance for financial, development, and other real estate transactions and other corporate activity

Monitoring updates for GAAP and regulatory requirements and serve as lead to assess impact to AvalonBay and implement updates.

Developing and maintaining all necessary accounting policies

Ensuring initial and ongoing documentation to support hedge accounting, and related accounting, reporting and disclosure for derivatives and hedge accounting.

Overseeing the accounting and reporting for all equity related transactions and share based compensation, including the initial recognition, any modifications and ongoing accounting and reporting.

Minimum Qualifications:

Education:

Bachelor’s degree in accounting required; Master’s degree preferred

Experience :

10+ years of accounting experience, SEC reporting and experience with the corporate close and consolidation process

7+ years of supervisory experience overseeing multiple direct reports in an accounting function

Experience should include public accounting, real estate experience in public or corporate preferred.

Knowledge, Skills and Abilities:

Creates and delivers group presentations on function-related subject matter and writes reports in a clear, concise form.

Performs general arithmetic to analyze complex financial and business operations figures.

Performs basic Microsoft Office applications such as word processing, spreadsheets, and presentations.

Frequently operates general office equipment such as, but not limited to, personal computer, telephone, photocopying machine, facsimile machine, and postage machine.

Displays excellent time management, organizational, and analytical skills as demonstrated by prior work experience

Licenses/Certifications:

CPA designation

How AvalonBay Supports You

We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.

We offer:

Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.

Growth based on achievement and promotion from within.

Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).

A 20% discount on our incredible apartment homes.

A culture built on purpose and our core values -A Commitment to Integrity,A Spirit of Caring, andA Focus on Continuous Improvement.

Additional Info

AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.

AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.

For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice ( https://www.avaloncommunities.com/california-personnel-privacy-notice/ )

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