Senior Property Accountant

2 weeks ago

oak brook, United States 24 Seven Talent Full time

Our client in the real estate industry is looking for a Senior Property Accountant to join our growing team and help us scale for the future, in a fast-paced environment that’s growing rapidly.


The role is hybrid in Oak Brook, IL.


Responsibilities:

  • Prepare monthly, quarterly, and annual financial statements for assigned properties, including income statements, balance sheets, and cash flow statements.
  • Ensure all financial records are maintained in accordance with GAAP and company policies.
  • Review and post journal entries, including accruals, deferrals, and reclassifications.
  • Assist in the preparation of annual property budgets and forecasts.
  • Monitor variances between actual financial performance and budget/forecast, providing detailed variance analyses.
  • Manage cash flows, including monitoring property cash balances and recommending transfers as necessary.
  • Perform monthly bank reconciliations and ensure the timely resolution of any discrepancies.
  • Review and process accounts payable, ensuring accurate coding and compliance with contracts and lease agreements.
  • Oversee the accounts receivable process, ensuring timely and accurate invoicing, tenant billing, and collections.
  • Assist with lease audits and rent roll reconciliation.
  • Prepare common area maintenance (CAM) reconciliations, real estate taxes, and insurance reconciliations annually, working closely with property managers and tenants.
  • Ensure timely and accurate general ledger maintenance, including reconciling all balance sheet accounts on a monthly basis.
  • Assist with month-end and year-end close processes, ensuring deadlines are met and all required documentation is prepared.
  • Support internal and external audits by preparing required schedules and providing information as needed.
  • Ensure compliance with Sarbanes-Oxley (SOX) and other regulatory requirements.
  • Collaborate with property managers, asset managers, and other departments to ensure accurate and timely financial reporting.
  • Provide financial insights to assist in strategic decision-making regarding property performance.

Qualifications:


  • Bachelor’s degree in Accounting, Finance, or related field required.
  • CPA designation preferred but not required.
  • 5+ years of experience in property accounting, real estate accounting, or a related field.
  • Strong understanding of GAAP and property accounting principles.
  • Experience with property management accounting software (e.g., Yardi, MRI, RealPage).
  • Skills & Competencies:
  • Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUPs, data analysis).
  • Excellent attention to detail and organizational skills.
  • Ability to manage multiple properties and deadlines simultaneously.
  • Strong analytical and problem-solving skills.
  • Ability to communicate effectively with stakeholders at all levels.
  • Knowledge of property taxes, insurance, CAM reconciliations, and lease agreements.
  • Experience with budgeting, forecasting, and variance analysis

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