Property Accountant
Location: Chicago, IL- Onsite Position
Salary range: 75-90k plus bonus (based off experience level)
Why Apply?
- Join one of the largest real estate companies in the Chicagoland area with a strong, long‑standing market presence
- Work for a company that truly believes in promoting from within employees are encouraged to grow, advance, and build long‑term careers
- Enjoy a competitive salary and a robust benefits package, including medical, dental, vision, and life insurance
- 401(k) program, and flexible spending accounts
- Nice culture known for its excellent work–life balance
- Real opportunity for advancement
- Collaborative, professional workplace where leadership supports your success
Position Overview: Property Accountant
The Property Accountant is responsible for managing the full-cycle accounting functions for a portfolio of real estate properties. This role supports accurate financial reporting, ensures compliance with GAAP, and partners closely with property management and asset management teams. The ideal candidate has hands-on experience within a real estate environment and a strong understanding of property-level accounting.
Key Responsibilities: Property Accountant
- Prepare and maintain monthly, quarterly, and annual financial statements for assigned properties
- Perform month-end close, including journal entries, accruals, and account reconciliations
- Manage CAM, real estate tax, and operating expense reconciliations
- Review and post tenant billings, rent rolls, and lease abstracts
- Reconcile cash, prepaid expenses, security deposits, fixed assets, and debt
- Coordinate with property management on budgeting, forecasting, and variance analysis
- Assist with annual budgets, reforecasts, and audit requests
- Support year-end close, including workpapers and external auditor coordination
- Ensure compliance with GAAP and internal accounting policies
- Identify process improvements and support accounting system enhancements
Required Qualifications: Property Accountant
- Bachelor’s degree in Accounting or Finance
- 3+ years of property accounting experience within a real estate company (commercial and/or residential)
- Strong knowledge of GAAP and real estate accounting principles
- Proficiency with real estate accounting systems (ideally Yardi)
- Advanced skills in Microsoft Excel
- Strong attention to detail, organizational, and analytical skills
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