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Property Accountant
Location: Chicago, IL
Job Description:
Property Accountant
About the Company:
Our client is a rapidly growing Real Estate business who are looking to add Property Accountant to their team. The company has enjoyed incredible success in the last few years' and are seeking a candidate with a similar background to join their team as they continue their expansion.
Reasons to Work Here:
- One of the largest commercial real estate companies in the Chicago land area
- Company prides itself on promoting people from within, wants employees to continue to feel the satisfaction that comes with personal growth
- Offers competitive salaries and a benefits package that includes medical, dental, vision and life insurance, a tuition reimbursement plan, a 401K program, and flexible spending accounts
- Great work life balance
- Causal/friendly culture
- Hybrid schedule, 3 days in office
Overview of the Property Accountant role:
- Prepare monthly journal entries
- Reconcile bank accounts including escrows and reserves
- Maintain supporting work-papers for balance sheet accounts such as Prepaid and Accrued Expenses, Mortgage and Interest Payable, Real Estate Tax payable, and tenant related receivables/payables, etc.
- Reconcile capital activity
- Prepare journal entries related to significant transactions such as acquisitions, dispositions and financings.
- Maintain Fixed Asset database and prepare depreciation journal entries.
- Analyze lease commissions, tenant allowances and other capital items for proper classification.
- Collaborate with Property Management to prepare monthly variance analysis of operating revenue and expenses.
- Coordinate with other Senior Accountant to provide consolidated financial and operating reporting for the multifamily portfolio
- Owner distributions
- Lender Draws
- Prepare data to support the preparation of tax returns.
- Assist outside firms with audit and/or year-end tax filings.
- Assist with preparation and review of annual property budgets.
- Participate in special projects and prepare ad hoc reports as needed.
- Assist in preparation of tenant reconciliations and estimates in accordance with stipulated lease terms.
Preferred Qualifications for the Property Accountant:
- 1+ years of Accounting experience
- Real estate experience
- Bachelor’s degree
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Apply for Property Accountant
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