• Senior Property Accountant

Senior Property Accountant

Private real estate investment firm headquarted in Rosemont, IL seeks Senior Property Accountant to join our expanding team in our Rosemont, IL office. This is an exiting opportunity to work in the real estate industry for one of the top 20 global industrial rest estate owners: In 2017 we executed oer $1B in transactions. Our current portfolio spans 27 states and encompasses 35 million square feet, and our organization demonstrates a proven track record as well as an entrepreneurial spirit and vision for the future.

The candidate must have a desire to positively contribute to the company’s operations on a daily basis.

  • Prepare monthly and quarterly financial reporting packages for external distribution to investors and joint venture partners
  • Complete month end property accounting close including:
    • Recording necessary journal entries to ensure accurate financial results
    • Updating monthly workpaper supporting each balance sheet account
    • Calculating and recording of all accruals
    • Reviewing income statement activity
    • Preparing depreciation/amortization schedules
  • Review bank reconciliations prepared by Accounts Receivable team to ensure proper balance sheet reporting and provide support for tenant receivables issues
  • Support Accounts Payable team on an exception basis to provide clarity on invoice, coding, timing, etc.
  • Coordinate with Operations team to ensure accurate preparation of Executive Summary and variance report
  • Review rent roll information, tenant charges and receivables ensuring proper recording of revenue against tenant leases and leases abstracts
  • Prepare annual escalation and settlement reconciliations for CAM, RET and any other applicable charges and support Operations with tenant review
  • Support property acquisition and disposition process through recording of opening and closing entries and creating related MRI entities and GL accounts
  • Support yearly tax preparation process
  • Assist with annual budget process including:
    • Tracking of budget tasks being completed by various departments
    • Reviewing revenue, TI and LC against leasing assumptions for reasonableness
    • Inputting various line items including debt service, depreciation/amortization
    • Completing cash flow analysis
  • Support annual audits (where applicable)
  • Meet all accounting deadlines
  • Additional responsibilities as assigned
  • Bachelor’s degree in Accounting or equivalent experience/education
  • 5+ years of previous property accounting experience
  • Prior real estate experience required
  • CPA a plus
  • Excellent oral and written communication skills
  • Exceptionally strong qualitative and analytical skills
  • Must be a self-starter and have a strong desire to learn
  • Prior employment history that demonstrates resourcefulness and the ability to produce accurate work in a detailed, timely and organized manner
  • Highly proficient in Microsoft based software
  • Solid organizational skills with the ability to work efficiently and independently
  • Experience with accounting systems required. Experience with MRI highly desirable