Senior Property Accountant
3 weeks ago
LOCATION:
East Peoria, Illinois or Burr Ridge, Illinois
SUMMARY: A leading real estate developer is seeking a Senior Property Accountant responsible for completion of all accounting and financial statement preparation, cash flow management and budgeting for multiple properties within Cullinan Companies portfolio. Cullinan is a storied organization with an entrepreneurial spirit that provides industry-leading benefits, compensation, and growth opportunities.
DUTIES & RESPONSIBILITIES:
Responsible for recording all cash transactions daily for all entities.
Ensure that all balance sheet accounts (assets, liabilities, and equity) are reconciled on a monthly basis and any issues are brought up with the Controller. Old outstanding items should be cleared out regularly. Re-classify changes on General Ledger as required.
Prepare/Review monthly bank reconciliations for unusual or long-outstanding items and correct any issues.
Processes payables regularly and ensures payments are done in a timely manner.
Reconcile capital asset and depreciation / amortization activity monthly as part of month-end close process.
In conjunction with Lease Accounting Administrator: Prepare routine and non-routine billings: percentage rent, new tenant, annual recoveries, calendar year billings, utility billings, and special situations.
In conjunction with Lease Accounting Administrator: Process cash receipts and bank deposits in accordance with predetermined schedule.
Prepares monthly financial statements accurately and timely
Have in-depth understanding of operating/investor agreements for each entity and the resulting investor transactions that are recorded
Optional: Job-Cost Accounting including, but not limited to: Preparing bank draws, creating development and administration fees, budget updates within projects, change orders, and manual payments.
Assist with periodic cash flow projections and necessary cash funding requests for all entities
Assist Asset Management and Property Management teams in preparation of the annual budget for assigned properties.
Communicate with property manager on specific budget line items when an overage occurs.
Assist with preparation of periodic reforecast budgets for all assigned entities
POSITION REQUIREMENTS:
5+ years’ experience in accounting, account reconciliations, financial statement preparation, preparation of cash flow projections and preparation of operating expense budgets
Be willing to work at the detail level to ensure transactions are recorded in the proper general ledger account
Knowledge: Has advanced knowledge of accounting, FS reporting and commercial real estate industry
Analyze past revenue and expense transactions to better predict future trends in same accounts
Understand, based on specific operating details, the split between Recoverable and Non-Recoverable expenses for each entity
Communication: Prepare clear and concise written and verbal communication. Be able to differentiate what type of communication, verbal or written, is needed in a given situation.
Leadership: Display a team-wide focus by understanding how certain issues need to be handled consistently and be willing to develop team-wide solutions.
Bachelor’s Degree (Accounting BS preferred)
Proficient with Microsoft Excel
Experience with commercial real estate accounting software a plus (MRI, Yardi, etc)
Detail oriented, highly organized, and able to prioritize workload across multiple tasks, set milestones, and track progress
Excellent written and verbal communication skills, able to communicate effectively and professionally
Desire to work in a fast-paced, high accountability environment.
KEY COMPETENCIES:
Integrity
Attention to Detail
Organized & Ability to Multi-Task
Dependable
Strong organizational and communication skills
Strong Analytical Skills
Interpersonal Skills
Flexible and Adaptable
Problem-Solving Skills
Why Cullinan Properties?
Cullinan Properties is a multi-disciplined, leading developer of real estate specializing in commercial and mixed-use developments and acquisitions. Cullinan Properties develops, manages, and owns mixed-use, retail, multi-family, office, governmental and medical properties throughout the United States.
We recognize that our team drives our greatest achievements. We are passionate about maintaining a fulfilling, rewarding and energetic work environment while setting the stage for your continued success. We search for entrepreneurial professionals who become personally involved in every phase of each project.
Meaningful Work – work closely with clients and communities to develop properties – creating jobs, fueling local economies and contributing to quality of life.
Changing the Game – evolving, fast paced environment with career advancement opportunities.
Community Builders – social opportunities with local charity organizations, including volunteer benefits.
Excellent Benefit Package – generous PTO, 401(k) company match, bonus opportunities, continuing education reimbursement, competitive employee health insurance package including a wellness program & more.
To learn more about Cullinan, visit www.cullinanproperties.com
To apply: email resume and 3-5 business references to careers@cullprop.com
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