Chief Financial Officer
3 weeks ago
Overview
Welltower is a leading global healthcare real estate investment trust that seeks to deliver long-term value through its operational and investment expertise. The company's portfolio consists of approximately 1,600 properties in key markets across North America, Europe and Asia.
Job Summary
We are seeking an experienced Chief Financial Officer - UK Tax and Accounting Leader to lead our UK Accounting & Tax function. This role demands an elevated level of expertise in accounting, tax compliance, and strategic planning. The successful candidate will be responsible for ensuring accuracy, compliance, and efficiency in all related processes.
About the Role
The Chief Financial Officer - UK Tax and Accounting Leader will be responsible for:
- Providing support for the Company's US-based Accounting team on UK merger, acquisition, and disposition activity, including preparation of applicable financial statements and accounting journal entries for real estate and operating company investments.
- Assisting with the preparation of local statutory accounts for all applicable UK companies and subsidiaries, as well as consolidated statutory accounts for half-year and full-year periods.
- Preparing and posting monthly accruals, journals, and prepayments, including assisting with the month-end management accounts process.
- Coordinating with Treasury on in-country cash management as well as cross-border cash management activities.
- Driving continuous improvement of accounting controls and practices.
- Working with third-party operators to provide accounting support for all UK operating company subsidiaries, including budget reconciliations, accruals, and intercompany transactions.
- Serving as the main contact with external auditors for audit planning and issues.
Tax Responsibilities
The Chief Financial Officer - UK Tax and Accounting Leader will also be responsible for:
- Leading and managing the UK and European quarterly and annual tax provision process in accordance with ASC 740 (US GAAP).
- Participating in discussions with the group's external auditors regarding European tax matters.
- Maintaining internal tax control documentation and testing, including for the Company's wholly owned UK Real Estate Investment Trust (REIT).
- Preparing applicable tax accounting/disclosures for all UK statutory reporting obligations.
- Leading and managing all the group's UK and European tax compliance activities, including UK REIT compliance, UK Corporation Tax, VAT, and Construction Industry Scheme compliance.
- Managing members of the Tax and Accounting teams in the UK and/or USA as they prepare components of the Company's tax filings.
- Overseeing the tax aspects of the Company's UK capital structure, including corporate interest expense limitations, transfer pricing, and cross-border distribution and withholding tax obligations.
- Leading the development of tax-saving strategies to maximize business profits, including maximizing capital allowance deductions.
- Assisting with other tax planning activities, considering the future strategy of the business, group policy, and local regulations.
Requirements
To be successful in this role, you will need:
- Bachelor's degree in Accounting or related field.
- 5+ years of relevant experience in an Accounting and Tax role.
- 5+ years practical experience in Big 4/boutique tax advisory, audit or assurance firm, or equivalent level of in-house experience.
- Experience in managing in-house tax compliance and third-party accounting firm prepared returns, including cross-border accounting and tax compliance arrangements.
- Ability to successfully lead a team of 3-5 direct employees, including conducting performance reviews, setting goals, and directing assignments and workflows.
What We Offer
As a valued member of our team, you can expect a competitive compensation package, including a base salary of $120,000 - $150,000 per annum, plus benefits and opportunities for professional growth and development.
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