Lead Property Financial Analyst

2 weeks ago


Chicago Illinois, United States Stream Realty Full time
Job Overview

The Lead Property Financial Analyst is responsible for ensuring the timely and precise completion of financial statements for their assigned portfolio.

This role entails a thorough examination of monthly financial reports and the general ledger, as well as the scrutiny of daily transactions to guarantee accuracy and adherence to both internal and external regulations.

Additionally, this position collaborates with the Property Management teams to assist in the formulation of Annual Budgets and Operating Expense (CAM) Reconciliations.


This specific analyst will oversee two prestigious office buildings situated in a prime urban area.

The role requires on-site support for the property management team in managing this portfolio.


Stream Realty's Property Financial Analysts benefit from a structured career trajectory, mentorship opportunities, access to comprehensive training resources, and flexible work arrangements within a company that values the essential role of Property Accounting in its success.


Key Responsibilities:
1. Provide internal and external reporting of financial outcomes for a property/portfolio.

2. Collaborate with Property Management personnel to deliver a detailed analysis of the financial performance of projects.

3. Assist in the budgeting process and review expense reconciliation data at a basic/intermediate level with minimal guidance from management.

4. Prepare regular and ad hoc reports and analyses with limited oversight from the manager.

5. Serve as a leader in customer service for both internal and external stakeholders, aiding the supervisor/manager with more complex issues.

6. Mentor and share expertise with team members.

Responsibilities Include:
1. Compile monthly financial statement packages for clients, which involves creating and posting journal entries to the general ledger, managing fixed asset depreciation, and preparing amortization schedules, alongside a detailed review of the general ledger and income statement, bank statement reconciliations, property manager variance comment reviews, and balance sheet reconciliations.

2. Ensure compliance with internal and external reporting deadlines.

3. Maintain frequent verbal and written communication with the property management team and Property Manager(s).

4. Engage with clients as necessary on both basic and complex issues, involving supervisors or managers for advanced matters.

5. Prepare and submit Sales & Use Tax returns, as applicable.

6. Oversee and review cash accounts for each project/property, ensuring timely payments for utilities, taxes, mortgages, and owner distributions.

7. Review and post cash receipts as required.

8. Evaluate payables and process vendor invoices for payment as necessary.

9. Assist the Manager with transitioning project assignments.

10. Ensure compliance with SOC I requirements.

11. Undertake additional projects and duties as assigned.

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