Property Accounting Supervisor
2 weeks ago
Employment Type: Full Time
Compensation: Competitive and commensurate with experience
Category: Accounting & Finance
About Core Spaces
Core Spaces is not just a real estate firm; it is a community-focused organization. We prioritize building relationships as much as we do constructing properties. Our team comprises innovators and visionaries dedicated to transforming the future of living. Guided by our six core values: PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), and GROW (Always Get Better), we strive to enhance the resident experience through collaboration and creativity.
Company MissionFounded in 2010, Core Spaces is a fully integrated entity focused on the acquisition, development, management, and financing of student housing and build-to-rent sectors. Our residential communities boast exceptional amenities, innovative design, and client-centric service. Currently, we manage over 37,400 student housing beds and have a robust pipeline for future developments.
Employee Benefits- A culture fostering inclusivity and belonging
- Flexible work arrangements to support work-life balance
- Competitive salary reflecting your contributions
- Annual performance incentives
- Generous paid time off policies
- Paid holidays, including personal milestones
- Parental leave after a brief waiting period
- Volunteer time off to support community engagement
- Collaborative workshop weeks to enhance teamwork
- Comprehensive health plans starting within 30 days
- Monthly phone reimbursement
- Wellness benefits, including subscriptions to wellness apps
- A supportive environment encouraging open dialogue
- Access to confidential support services
- Retirement plans with matching contributions
We are seeking a motivated and detail-oriented Property Accounting Manager to oversee financial operations within our Chicago office. This role involves managing property accounting functions, ensuring accurate month-end financial reporting, conducting variance analysis, and mentoring team members. A strong understanding of GAAP and a proactive approach to problem-solving are essential for success in this position.
Key Responsibilities- Lead and supervise the third-party accounting team
- Review and analyze financial reports and journal entries
- Collaborate with reporting managers on financial documentation
- Work closely with operational staff and asset managers
- Analyze monthly budget variances and provide insights
- Assist in the preparation of annual budgets
- Ensure compliance with accounting policies and resolve issues
- Review detailed ledgers and supporting schedules
- Prepare financial reports for sold entities
- Conduct training sessions on accounting policies
- Review bank reconciliations and necessary journal entries
- Ensure timely completion of accounting tasks
- Identify opportunities for process improvements
- Participate in special projects as required
- Perform additional duties as assigned
- Minimum of 1-3 years of supervisory experience and 8 years in accounting within the real estate sector
- Bachelor's degree in accounting or finance; CPA or Master's degree preferred
- In-depth knowledge of GAAP standards
- Strong communication and interpersonal skills
- Desire to learn and adapt to new technologies
- Familiarity with Yardi or Entrata software
- Experience in process improvement initiatives
- Ability to manage multiple priorities in a dynamic environment
- Knowledge of acquisitions and dispositions
Reporting Structure
- Reports to: Director of Property Accounting
- Direct Reports: None
Core Spaces is an Equal Opportunity Employer committed to diversity and inclusion, ensuring a workplace where every individual feels valued and respected.
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