Sr. Accounting Manager

Empowered Staffing is partnered with a fast-growing national real estate investment firm focused on multi-family properties development. Due to continued growth, the company is seeking a Sr. Accounting Manager to join its Chicago team to oversee the accounting operations and enhance the financial processes and systems.

The Senior Accounting Manager is responsible for overseeing property-level and portfolio accounting, with a strong emphasis on accurate, timely financial reporting to investors. This role manages the close process, ensures compliance with GAAP, and serves as a key liaison between accounts payable, asset management, and external stakeholders.

Responsibilities:

• Lead monthly, quarterly, and annual close processes for a portfolio of real estate assets
• Review and approve the property financial statements, including variance analysis and supporting schedules
• Ensure accuracy of general ledger activity, accruals, and reconciliations, and oversee the consolidation of multiple entities and ownership structures
• Prepare and review investor reporting packages (financial statements, capital account statements, IRR/return metrics, narratives) and coordinate the distribution of reports to investors, and respond to inquiries
• Partner with asset management to explain financial performance and key drivers, and assist with waterfall calculations and investor distributions
• Ensure compliance with US GAAP, including revenue recognition and fair value considerations
• Support audits and coordinate with external banks and tax advisors, manage and mentor accounting staff, and establish and enforce internal controls and accounting policies
• Drive process improvements and efficiencies, particularly in reporting and systems
• Monitor property cash flow, assist with forecasting, review budgets vs. actuals, and support reforecasting processes
• Oversee accounts payable/receivable processes related to properties

Requirements:

• Bachelor's degree in accounting or finance (CPA preferred)
• 7-10+ years of accounting experience, with real estate/property accounting preferred
• Experience with investor reporting and complex ownership structures
• Strong understanding of GAAP and real estate-specific accounting
• Experience with AppFolio or similar property management/accounting systems
• Advanced Excel skills (financial modeling, data analysis)
• Ability to communicate financial information clearly to non-accounting stakeholders

Benefits:

• Competitive compensation
• Significant professional growth potential
• Opportunity to play a key role in the company's continued expansion