Joy Wood
Chicago,IL
Summary
Dedicated and experienced accounting professional with over 20 years in the real estate sector, specializing in financial management, multimillion dollar bank reconciliations, audit processes, and property proration calculations. Seeking a senior accounting role where I can leverage my expertise to ensure accurate financial reporting, compliance with regulations, and strategic financial planning to contribute to the organization's success.
Overview
19
19
years of professional experience
Work History
Senior Property Accountant
InvenTrust Properties
10.2016 - 12.2023
- Conducted multi-million-dollar bank reconciliations for company entire portfolio.
- Handled property proration calculations and fulfilled post-close accounting obligations.
- Prepared and analyzed monthly, quarterly, and annual financial statements for assigned portfolio.
- Prepared monthly work papers used across multiple departments.
- Ensured accuracy and compliance with Generally Accepted Accounting Principles (GAAP) and company policies.
- Presented financial reports to senior management and stakeholders.
- Developed and managed annual property budgets in collaboration with property managers.
- Observed budget performance and provide variance analysis.
- Assisted in long-term financial planning and forecasting.
- Reviewed lease agreements to ensure proper accounting treatment of lease transactions.
- Coordinated with lease administration teams to ensure accurate billing and collections.
- Oversaw the reconciliation of Common Area Maintenance (CAM) and Real Estate Taxes other operating expenses.
- Ensured accurate recovery of expenses in accordance with lease agreements.
- Resolved tenant inquiries and disputes regarding CAM charges.
- Secured timely payment of invoices and accurate recording of revenue.
- Coordinated with external auditors during the annual audit process.
- Conducted thorough audit walkthroughs of processes using detailed narratives.
- Conducted financial analyses to support property performance evaluation.
- Ensured compliance with all relevant accounting standards, regulations, and company policies.
- Maintained and improved internal controls to safeguard assets and ensure financial integrity.
- Contributed to system design, procedural improvements, and trained team members to ensure effective CAM accrual management.
- Developed standardized processes and procedures for monthly task.
- Collaborated with property management, leasing, and operations teams to ensure alignment on financial matters.
- Provided Training, mentorship and support to junior accounting staff.
CAM Recovery Supervisor
InvenTrust Properties
09.2012 - 10.2016
- Managed and led a team of CAM recovery accountants, overseeing their work and providing guidance to ensure successful performance.
- Spearheaded in-depth training in India with the new onboarding team to process and complete all CAM and RET reconciliations.
- Contributed to developing and standardizing a comprehensive manual for the offshore CAM accounting team.
- Reviewed lease agreements and ensured compliance with CAM-eligible expenses.
- Verified invoice coding to ensure accurate expense allocation.
- Addressed complex discrepancies and provided guidance to the team for resolving issues.
- Assisted in the development and management of CAM recovery budgets.
- Monitored budget performance and identify areas for improvement.
- Addressed escalated tenant inquiries and provide expert-level explanations.
- Produced comprehensive reports on CAM recovery performance, including metrics and trends.
- Delivered strategic analyses and recommendations to senior management.
- Detected and tackled opportunities for process optimization and automation.
- Kept up-to-date with changes in accounting standards affecting CAM recovery
- Acted as a liaison between the recovery department and other business units, establishing strong working relationships that led to better collaboration and increased efficiency across the organization.
Senior Recovery Accountant
InvenTrust Properties
08.2011 - 09.2012
- Oversaw the daily workflow of recovery accountants.
- Reviewed, approved and posted CAM and RET reconciliations
- Assessed and approved resolutions for tenant disputes.
- Trained Recovery Accountants on reconciliations processes.
- Forecasted year end CAM recovery.
- Provided training to coordinators on Gross Sales and Sales Tax procedures.
- Reviewed and validated all expense participation setup in JDE.
- Supported property managers with daily inquiries related to tenants.
- Prepared and submitted sales tax for various jurisdictions.
- Coordinated sales tax audits with Florida Department of Revenue.
Recovery Accountant
InvenTrust Properties
02.2005 - 08.2011
- Processed CAM and RET reconciliations.
- Worked with tenants and property managers to resolve tenant inquiries.
- Abstracted commercial, industrial and office leases for information regarding CAM RET and Insurance.
- Approved invoices thru Avid and Nexus for payment.
- Coordinated and reviewed backup sent to tenants.
- Calculated and coordinated post-closing reprorations and information.
- Processed percent rent calculation in JD Edwards to determine tenants required payment and initiate invoice generation.
- Provided training to coordinators on Gross Sales and Sales Tax procedures.
- Reviewed, approved and post manual billing calculation for sub-rent tenants.
- Computed, processed and filed all sales taxes for Florida DOR, Arizona TPT and Philadelphia Business occupancy and Use Tax.
Education
Bachelor of Science - Accounting
DeVry University
Villa Park, IL06.1997
Skills
- General Ledger Management
- Variance Analysis
- Capital expenditures
- CAM Reconciliations
- JD Edwards
- Balance sheets
- Month-end close
Projects
Joint Venture Closing
- Managed prorations for final close-out on a joint venture deal, ensuring accurate financial settlements.
- Created over 3,000 detailed entries, meticulously documenting financial transactions and adjustments.
- Provided extensive support during the due diligence phase, facilitating thorough review and verification processes.
- Handled all post-closing obligations, ensuring the completion of all required tasks and compliance with contractual terms.
International Training Experience - October 2016
- Travelled to India to lead and deliver training for a group of 30 individuals on recovery processes.
- Designed and executed a comprehensive training program to ensure team members gained the necessary skills and knowledge for effective recovery operations.
- Facilitated hands-on training sessions, providing guidance and support to enhance understanding and performance in the recovery process.
- Collaborated with local teams to align training objectives with organizational goals and ensure successful implementation of recovery procedures.
Timeline
Senior Property Accountant
InvenTrust Properties
10.2016 - 12.2023
CAM Recovery Supervisor
InvenTrust Properties
09.2012 - 10.2016
Senior Recovery Accountant
InvenTrust Properties
08.2011 - 09.2012
Recovery Accountant
InvenTrust Properties
02.2005 - 08.2011
Bachelor of Science - Accounting
DeVry University