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Property Accountant

3 months ago

Villa Park, United States LHH Full time

LHH is seeking a Property Accountant to oversee financial operations across our client's portfolio's. This is a hybrid role located in Oak Brook, IL. They offer competitive benefits and have a legacy spanning decades across the country.

Responsibilities:

  • Manage preparation of comprehensive financial statements, including journal entries, general ledger review, and balance sheet support schedules.
  • Ensure timely and accurate delivery of financial packages to Regional Property Managers, Business Managers, and clients.
  • Monitor and maintain cash balances effectively.
  • Resolve issues promptly and document responses to review comments.
  • Analyze variances in financial statements and provide explanations for significant items.
  • Calculate management fees and oversee related invoice processing.
  • Conduct bi-weekly Inter-Project Account reconciliations and address outstanding issues.
  • Ensure timely payments of debt, real estate taxes, sales taxes, and owner distributions, maintaining internal schedules.
  • Verify completion of bank reconciliations and promptly resolve reconciling items.
  • Adhere to internal accounting policies and procedures.
  • Ensure accurate input of budget information.
  • Support client audit requests as required.

Qualifications:

  • Bachelor's degree in accounting, finance or related field.
  • 6-10 years of relevant property accounting experience.
  • CPA is a plus
  • Proficiency in Excel and Real Estate accounting software (e.g., Yardi).