Job Description
The Property Accountant will be responsible for managing daily accounting tasks to generate accurate and timely monthly financial statements for multiple properties. Attention to detail and adherence to deadlines are essential for success in this role. This position offers a hybrid work schedule, requiring at least 3-4 days in the office.
Key Responsibilities:
Prepare monthly, quarterly, and year-end financial statements and reporting packages, ensuring all required supporting documentation is included.
Maintain, review, and analyze general ledger accounts to support financial reporting processes.
Perform daily bank reconciliations and promptly address reconciling items.
Monitor deductions related to mortgage, interest, escrow, and real estate tax payments.
Accurately calculate and post expense accruals.
Maintain amortization schedules and record accruals.
Prepare balance sheet reconciliations for assigned properties.
Calculate annual operating expense and real estate tax reconciliations.
Process monthly property management fee calculations and post charges to the appropriate properties.
Ensure tenant charges are billed according to lease agreements.
Process tenant security deposit refunds as needed.
Assist the Senior Accountant and Property Manager in preparing annual budgets and forecasts.
Analyze balance sheet and income statement accounts, investigate discrepancies, and work with property management to make necessary adjustments.
Requirements:
Bachelor's degree in Accounting or Finance required.
Minimum of 5 years of accounting experience, with at least 3 years in the real estate industry.
Experience with Yardi Voyager and MRI software is a plus.
Familiarity with common area maintenance (CAM) expense reconciliations is required.
We Offer:
Medical, Dental, Vision
401k
Hybrid work schedule
Key Responsibilities:
Prepare monthly, quarterly, and year-end financial statements and reporting packages, ensuring all required supporting documentation is included.
Maintain, review, and analyze general ledger accounts to support financial reporting processes.
Perform daily bank reconciliations and promptly address reconciling items.
Monitor deductions related to mortgage, interest, escrow, and real estate tax payments.
Accurately calculate and post expense accruals.
Maintain amortization schedules and record accruals.
Prepare balance sheet reconciliations for assigned properties.
Calculate annual operating expense and real estate tax reconciliations.
Process monthly property management fee calculations and post charges to the appropriate properties.
Ensure tenant charges are billed according to lease agreements.
Process tenant security deposit refunds as needed.
Assist the Senior Accountant and Property Manager in preparing annual budgets and forecasts.
Analyze balance sheet and income statement accounts, investigate discrepancies, and work with property management to make necessary adjustments.
Requirements:
Bachelor's degree in Accounting or Finance required.
Minimum of 5 years of accounting experience, with at least 3 years in the real estate industry.
Experience with Yardi Voyager and MRI software is a plus.
Familiarity with common area maintenance (CAM) expense reconciliations is required.
We Offer:
Medical, Dental, Vision
401k
Hybrid work schedule
💡 Quick Summary
Seeking a career-building opportunity? The Accountant Specialist position is now open for candidates interested in the Accountant Jobs sector. This role in Chicago offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.