Property Accountant

Property Accountant

Our client is a fast-growing real estate company experiencing significant success in recent years. As they continue to expand, they are looking to add a Property Accountant to their team. They are seeking a candidate with a strong background in a similar environment to support their ongoing growth and contribute to their continued success.

$70,000-$100,000

Why work here as a Property Accountant?

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

Responsibilities for the Property Accountant :

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.

Experience for the Property Accountant :

1+ years of Accounting experience

Real estate experience

Bachelor's degree

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