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Senior Property Accountant
Senior Property AccountantIllinois Staffing • Chicago, IL, US
Senior Property Accountant

Senior Property Accountant

Illinois Staffing • Chicago, IL, US
8 days ago
Job type
  • Full-time
Job description

Senior Property Accountant

Join our team at Bridge33 Capital, a rapidly growing, vertically integrated real estate private equity firm focused on open-air retail real estate. The company recently raised $458MM in its latest opportunistic fund, marking a key milestone for the company. We are seeking a Senior Property Accountant who will manage and oversee the accounting operations for a portfolio of retail real estate assets in accordance with the Generally Accepted Accounting Principles (GAAP). This is an in-person role based in our downtown Chicago office. Come make your mark as an integral part of Bridge33 Capital!

Mission : We build relationships and create value where others don't.

Key Principles : We're Better Together | We're Here to Serve | We crush our egos, and we have empathy for teammates | We stay positive | We embrace accountability, and we champion results.

Essential Responsibilities

  • Perform full range of accounting processes and financial reporting for a portfolio of retail real estate assets
  • Prepare and post journal entries for fixed assets, accruals, deferred rent, prepayments, and other balance sheet accounts
  • Participate in all aspects of month end process and conduct detailed variance analysis to ensure accuracy and completeness
  • Review and analyze rent rolls, accounts receivable reports, and related financial reports to ensure alignment with general ledger balances
  • Prepare sales and use tax filings in accordance with jurisdictional requirements and regulatory guidelines as needed
  • Process weekly full cycle Accounts Payable including invoice approval workflows and vendor payment authorization
  • Develop year-end audit schedules and support external audit procedures through documentation and sampling assistance
  • Perform weekly and monthly bank reconciliations to maintain accurate cash position reporting
  • Monitor income and expense trends against approved budgets and provide variance explanations
  • Calculate, reconcile, and report monthly management fees in accordance with contractual agreements
  • Reconcile monthly tenant charges including CAM, real estate taxes, and insurance allocations
  • Prepare monthly financial packages for senior management review
  • Lead preparation of annual budgets and forecasts
  • Prepare annual tenant reconciliations for CAM, tax, and insurance recoveries
  • Collaborate with the property and asset management teams in preparation of the property operating budgets, and reforecasts
  • Manage accounting and reporting for construction projects, capital improvements and major maintenance and repair initiatives
  • Prepare ad-hoc reports and compliance documentation for debt service and lender requirements
  • Research and resolve complex accounting issues in accordance with GAAP and industry best practices

Requirements

Qualifications :

  • Minimum four (4) years of progressively increasing accounting experience in retail commercial property management accounting
  • Minimum bachelor's degree from an accredited 4-year institution with a focus in accounting, finance, or business administration
  • Advanced knowledge of the Generally Accepted Accounting Principles (GAAP) and hands-on experience working within an accrual based, monthly-close process
  • PC-based Microsoft Office proficiency required, including advanced Excel use and user knowledge
  • Working knowledge of Yardi real estate software preferred
  • Effective oral and written communication skills; excellent accuracy / proofreading work product; has a detailed mindset
  • Proficiency and consistency with prioritizing workload, multi-tasking, working independently with minimal supervision and meeting internal deadlines
  • Maintain highest standard of work ethics, trust, and credibility
  • Possess skills, abilities and traits that align with the company's Key Principles
  • Benefits

    What We Offer :

  • Fast paced and dynamic work environment, including frequent interaction with the senior management team
  • Generous time off policy
  • Company sponsored medical, dental and vision insurance
  • Company paid life insurance
  • Company paid short- and long-term disability insurance
  • Paid parental leave
  • 401k plan with Company match
  • 11 paid holidays
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    Senior Property Accountant • Chicago, IL, US

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