Property Accountant

Inland Real Estate Group of Companies; Oak Brook (IL); On-site; USD 55,000 - 75,000; Full time

Job summary

Inland Real Estate Group of Companies seeks a detail-oriented Property Accountant to manage daily accounting for a portfolio of residential and commercial properties in Oak Brook, IL.

You will close monthly books, process journal entries, assist budgets, and support audits, gaining exposure to real estate operations and financial reporting.

The role emphasizes accuracy, communication skills, and the ability to handle multiple properties with tight deadlines.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field or equivalent work experience.
• 0-2 years of accounting experience, preferably in property/accounting or real estate.
• Proficiency with Excel and accounting software/financial systems.

Responsibilities

• Prepare and close monthly property books and statements including real estate taxes, CAM, insurance, rental income, and operating expenses.
• Review balance sheet and income statement accounts for accuracy and identify key drivers.
• Record journal entries including accruals for contracts, work orders, capital projects, unpaid expenditures, and utilities.
• Process and approve invoices in the AP system and assist with annual operating budgets.
• Serve as the primary accounting contact for assigned properties and support auditors.

Skills

Analytical skills

Communication skills

Organizational skills

Attention to detail

Education

Bachelor's degree in Accounting or Finance

Tools

Microsoft Excel

Accounting software/financial systems

Job description

We are seeking a detail-oriented and motivated Property Accountant to join our growing team. In this role, you will be responsible for the day-to-day accounting operations of an assigned portfolio of residential and commercial properties. This is an excellent opportunity for an accounting professional looking to build a career in real estate accounting while gaining exposure to property operations, financial reporting, budgeting, and audit support.

Key Responsibilities

• Prepare and complete monthly property close workbooks, including:
  • Real estate taxes
  • Common Area Maintenance (CAM)
  • Insurance
  • Rental income and other property revenues
  • Property operating expenses
• Review and analyze balance sheet and income statement accounts to ensure transactions are recorded accurately.
• Investigate account fluctuations and identify key financial drivers.
• Prepare and record journal entries, including accruals related to:
  • Contracts
  • Work orders
  • Capital projects
  • Unpaid expenditures
  • Utilities
• Review and approve invoices through the accounts payable system.
• Assist with the preparation of annual operating budgets.
• Serve as the primary accounting contact for assigned properties and proactively address accounting-related questions.
• Process and monitor general ledger reclassifications as needed.
• Prepare audit workpapers for quarterly reviews and year-end audits.
• Support external auditors by providing requested documentation and sample selections.
• Perform additional accounting and financial reporting duties as assigned.

Required Education

• Bachelor's degree in Accounting, Finance, or a related field, or equivalent relevant work experience.

Experience

• 0-2 years of accounting experience, preferably within property accounting, real estate, or a related industry.

Technical Skills

• Strong proficiency in Microsoft Excel.
• Experience using accounting software and financial systems.
• Solid understanding of accounting principles and financial reporting.

Professional Skills

• Strong analytical and problem-solving abilities.
• Excellent verbal and written communication skills.
• Strong organizational skills with the ability to manage multiple priorities and deadlines.
• High attention to detail and accuracy.

Why Join Us?

• Gain hands-on experience with both residential and commercial real estate portfolios.
• Work alongside experienced accounting and real estate professionals.
• Opportunity for professional growth and career advancement.
• Collaborative and supportive team environment.
• Exposure to budgeting, financial reporting, and audit processes.