Property Accountant

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

Salary : $70,000 - $100,000

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