Senior Property Accountant

Lincoln Property Company; Chicago (IL); Hybrid; USD 125,000 - 135,000; Full time

Job summary

Lincoln Property Company seeks an experienced accounting and finance professional to oversee JV financial operations for a large-scale real estate investment platform. The role covers budgeting, forecasting, cash management, capital accounts, and investor reporting with a focus on GAAP and JV structures.

The ideal candidate has deep real estate accounting expertise and strong GAAP knowledge. CPA is highly preferred. This is a hybrid role with interview-time flexibility.

Qualifications

• Bachelor’s degree in Accounting or Finance; CPA preferred but not required.
• 5–7 years of progressive accounting experience, with at least 3 years in real estate or private equity JV structures.
• Strong technical knowledge of GAAP and JV accounting principles.
• Experience with budgeting, forecasting, and financial modeling.
• Proficiency in Yardi, MRI, Kardin, or similar real estate systems.
• Excellent analytical, organizational, and communication skills.

Responsibilities

• Prepare JV and property-level budgets and forecasts, and consolidate into JV budgets.
• Manage capital calls, debt compliance, and lender reporting.
• Oversee JV, HoldCo, and SPE bank accounts, cash flow forecasting, and liquidity planning.
• Coordinate investor reporting packages including IRR, MOIC, and equity multiples.
• Assist in acquisition/disposition accounting and balance sheet openings for new assets.
• Monitor GAAP compliance and third-party manager accounting for investor reporting.

Skills

Real estate accounting

GAAP knowledge

Financial modeling

Budgeting

Forecasting

Cash management

Communication

Education

Bachelor’s degree in Accounting or Finance

Tools

Yardi

MRI

Kardin

Job description

Position Summary We are seeking a highly skilled accounting and finance professional to oversee joint venture (JV) financial operations for a large-scale real estate investment platform. This role will manage JV-level budgeting, forecasting, cash management, capital accounts, debt compliance, investor reporting, and acquisition/disposition accounting. The ideal candidate will have deep expertise in real estate accounting, strong technical GAAP knowledge, and experience managing complex JV structures. A CPA designation is highly preferred. This role is hybrid, with flexibility to be discussed during the interview process.

• Prepare Annual Business Plan, Operating Budget, and Capital Budget for investor review and approval.
• Consolidate property-level budgets into JV-level budgets and perform variance analysis and reforecasting. Cash Management, Treasury & Capital Calls
• Prepare capital call calculations and issue notices per JV agreement.
• Manage JV, HoldCo, and SPE bank accounts, cash flow forecasting, and liquidity planning.
• Participate in distribution waterfall calculations and promote mechanics. Property-Level Oversight
• Review property-level accounting prepared by third-party managers for GAAP and investor compliance.
• Coordinate on cash forecasting, budget adherence, TI/LC accounting, and reimbursement processes. Capital Accounts & JV Economics
• Maintain capital accounts per GAAP, tax rules, and JV agreement.
• Track investment tranches, capital balances, preferred returns, and promote tiers. Debt Compliance & Lender Reporting
• Participate in covenant testing, lender reporting, and draw requests.
• Monitor escrow accounts and ensure compliance with financing agreements. Investor Reporting & Performance Metrics
• Prepare quarterly investor reporting packages, including financial statements, variance analysis, capital account statements, and JV performance metrics (IRR, MOIC, equity multiples). Acquisition & Disposition Accounting
• Support financial integration of new acquisitions, including opening balance sheets and bank setups.
• Manage final accounting at disposition, including sale allocations, reserve releases, and promote crystallization. Qualifications
• Bachelor’s degree in Accounting or Finance
• 5-7 years of progressive accounting experience, with at least 3 years in real estate or private equity JV structures.
• CPA preferred, not required.
• Strong technical knowledge of GAAP and JV accounting principles.
• Experience with budgeting, forecasting, and financial modeling.
• Proficiency in Yardi, MRI, Kardin, or similar real estate systems.
• Excellent analytical, organizational, and communication skills.
• Ability to manage multiple priorities in a fast-paced environment. Preferred Skills
• Familiarity with REIT compliance and regulatory requirements.
• Experience with debt covenant monitoring and lender reporting.
• Advanced Excel and financial modeling capabilities.
• Exposure to investor reporting and performance metrics (IRR, MOIC, equity multiples).
• Strong understanding of JV agreements and promote structures. #IND123 #ZIP

Pay Range

$125,000 USD - $135,000 USD About Lincoln Property Company Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 562 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 164 million square feet of development since its inception in 1965 and has another $19.5 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com. All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.