Property Accountant

Connect Search, LLC; Chicago (IL); Hybrid; USD 90,000 - 105,000; Full time

Benefits offered by this job

Annual incentive

Medical, dental, and vision insurance

5% 401(k) retirement plan match

Health savings accounts

Job summary

A recruitment agency is seeking a full-time Property Accountant in Chicago, IL, offering a hybrid work model. The role involves preparing and reviewing property-level financials, investor reporting, and ensuring process improvements. Candidates should have a Bachelor's degree in Accounting or Finance and 3-7 years of related experience, with a CPA preferred. The compensation ranges from $90,000 to $105,000 plus a 10% bonus and comprehensive benefits.

Qualifications

• 3-7 years of experience in property accounting, fund accounting, or real estate investment accounting.
• CPA preferred.

Responsibilities

• Prepare property-level financials quarterly or monthly.
• Review property-level financials.
• Track interest for applicable entities.
• Prepare investor reporting.

Skills

Property accounting

Financial analysis

Process improvement

Education

Bachelor’s in Accounting/Finance

Job description

Location: Chicago, IL (Hybrid - 4 days onsite)

Type: Full-Time, Permanent/Direct Hire

Pay Range: $90,000 - $105,000 base salary plus 10% bonus

Benefits: Annual incentive and a benefits package to all full-time employees including medical, dental, vision, life insurance 100% paid by employer, 5% 401(k) retirement plan match, health savings accounts, etc.

Key Responsibilities:

Property Accounting & Financials

• Property-level financials quarterly or monthly.
• Review property-level financials
• Property updates (sale, refinance, partner buy-out, etc).
• Track interest for the applicable entities

Fund-Level Support

• Preparing investor reporting
• Collect K-1s for the Fund tax returns
• Monitor equity contributions, distributions, and cost basis changes
• Prepare a weekly report on current bank balances for all bank accounts.

Process Improvement & Controls

• Document standardized workflows to ensure accuracy and efficiency
• Identify opportunities to streamline data flow

Key Qualifications:

• Bachelor’s in Accounting/Finance
• CPA preferred
• 3-7 years of experience in property accounting, fund accounting, or real estate investment accounting