Property Accountant

Property Accountant
$75,000 – $95,000

Our client, a rapidly expanding real estate company, has experienced significant growth in recent years and continues to scale its operations. As part of this expansion, they are seeking to add a Property Accountant to their team. The ideal candidate will bring experience in a similar environment and play a key role in supporting continued growth and operational success.

Why Join as a Property Accountant?

• One of the largest commercial real estate firms in the Chicagoland area
• Strong commitment to internal promotion and long-term employee development
• Competitive compensation and comprehensive benefits, including medical, dental, vision, life insurance, 401(k), tuition reimbursement, and flexible spending accounts
• Excellent work-life balance
• Positive, casual, and collaborative company culture
• Hybrid schedule

Key Responsibilities

• Prepare and post monthly journal entries
• Reconcile bank accounts, including escrows and reserve accounts
• Maintain detailed supporting schedules for balance sheet accounts such as prepaid expenses, accrued liabilities, mortgages, interest payable, real estate taxes, and tenant-related receivables/payables
• Reconcile and track capital activity
• Prepare journal entries for complex transactions, including acquisitions, dispositions, and financing activities
• Maintain the fixed asset ledger and record depreciation entries
• Analyze lease commissions, tenant allowances, and capital expenditures for proper accounting treatment
• Partner with Property Management to prepare monthly variance analyses of operating revenues and expenses
• Work with senior accounting staff to support consolidated financial reporting for the multifamily portfolio
• Process owner distributions and lender draw requests
• Assist with tax return preparation and provide supporting documentation
• Support external audit requests and year-end tax filings
• Assist in the preparation and review of annual property budgets
• Participate in special projects and prepare ad hoc financial reports as needed
• Assist with tenant reconciliations and estimates in accordance with lease agreements

Qualifications

• 2+ year of accounting experience
• Prior experience in real estate accounting strongly preferred
• Bachelor’s degree in Accounting or a related field required