Property Accountant Job at Creative Financial Staffing (CFS) in Chicago

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
• Casual/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

Seniority level

Entry level

Employment type

Full-time

Job function

Accounting/Auditing and Finance