Property Accounting Supervisor

1 week ago


Chicago, Illinois, United States Core Spaces Full time
Position Overview

Core Spaces is seeking a motivated and detail-oriented Property Accounting Supervisor to oversee financial operations within our organization. This role is crucial for ensuring the accuracy and integrity of property financials, managing month-end close processes, and providing mentorship to accounting staff.

Key Responsibilities
  • Lead and manage the third-party accounting team to ensure timely and accurate financial reporting.
  • Review consolidated financial analyses and journal entries prepared by the accounting team for the entire property portfolio.
  • Collaborate with the Financial Reporting Manager on financial reporting for operational entities.
  • Work closely with community operations staff and asset managers to support financial objectives.
  • Analyze monthly budget variances and assist in providing explanations and corrective actions.
  • Support the annual budget preparation process with community operations and asset managers.
  • Ensure compliance with accounting policies and procedures, addressing any related issues.
  • Review ledger details, adjusting journal entries, and supporting schedules on a monthly basis.
  • Prepare financial reports for sold entities, including necessary re-prorations.
  • Conduct training sessions on Core's accounting policies for staff development.
  • Review bank reconciliations and journal entries as required.
  • Ensure the property accounting team meets all internal and external deadlines.
  • Identify and implement improvements to Standard Operating Procedures and Best Practice Memos.
  • Assist with ad hoc projects as needed.
  • Occasional travel may be required.

Qualifications
  • 1-3 years of supervisory experience and 8 years of accounting experience in the real estate sector.
  • Bachelor's degree in accounting or finance is required; CPA or Master's degree is preferred.
  • Strong understanding of GAAP compliance.
  • Excellent communication, problem-solving, and interpersonal skills.
  • Desire to learn new technologies and enhance technical and functional skills.
  • Experience with Yardi or Entrata is advantageous.
  • Ability to implement process improvements and adapt to changing environments.
  • Passion for optimizing business processes and achieving success.
  • Capability to manage multiple tasks and shifting priorities in a dynamic setting.

Reports to: Director, Property Accounting
Direct Reports: N/A

Disclaimer:
Please note that the responsibilities and duties outlined in this job description may evolve to meet the changing needs of the organization. Core Spaces is an Equal Opportunity Employer, committed to fostering a diverse and inclusive workplace where all employees feel a sense of belonging.

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