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Property Finance Specialist

2 months ago

Oak Brook, Illinois, United States CenterPoint Properties Full time

POSITION OVERVIEW:
The Property Accountant will oversee a range of property financial reconciliations, corporate financial reconciliations, joint venture accounting, and budgeting activities. This role also involves regularly assessing and enhancing property accounting methodologies.

KEY RESPONSIBILITIES:
Uphold the core values of the organization and adhere to all established processes and protocols.
Execute property accounting tasks including billing, expense assessments, net operating income (NOI) evaluations, and common area maintenance (CAM) reconciliations.

Examine monthly account reconciliations for various property accounts, including straight-line rents, leasing expenses, above and below market rents, and lease values.

Review, prepare, and post various corporate general ledger reconciliations, such as accounts receivable, prepaid rent, and security deposits.
Manage the Tenant's Letters of Credit.
Compile the monthly sales tax report and reconcile the associated accounts.
Review asset and accrual account reconciliations.
Prepare and post journal entries, including year-end adjustments and monthly accruals as necessary.
Participate in regular meetings with the Asset Management team to discuss NOI variances, collections, and other relevant issues.
Provide assistance on special projects as required.
Support the completion of the Annual Budget process.
Act in accordance with the organization's values; adhere to all company processes and procedures.

REQUIREMENTS:
A Bachelor's degree is required, preferably in accounting or a related field; a minimum of 1 year of accounting experience, ideally in property accounting.
Strong verbal and written communication skills are essential.

Proficient computer skills, including a strong command of standard corporate operating systems and software, particularly Microsoft Office with an emphasis on Excel, are required.

Experience with Yardi is highly recommended.
Ability to cultivate strong working relationships with all key stakeholders, both internal and external.
Capability to prioritize tasks and manage time efficiently.
Ability to make decisions and take actions with a high level of integrity and independence.
Flexibility regarding work hours; must be able to work on-site at least three days per week.
Exceptional organizational skills and a keen attention to detail are essential.
Demonstrated analytical and technical proficiency in all aspects of real estate industry accounting.
Exhibit self-initiative and commitment necessary for successful task completion.
Able to thrive in a moderately stressful and demanding environment.

ADDITIONAL INFORMATION:
CenterPoint Properties is an equal opportunity and affirmative action employer (F/M/Disability/Vet/Sexual Orientation/Gender Identity). Qualified candidates will be contacted regarding next steps in the recruiting process.

CenterPoint Properties provides employees with a competitive compensation package that includes an annual target bonus, medical, dental, and vision insurance, 401(k), and more.

Relocation assistance is not available for this position.

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