Senior Property Accountant

LaSalle Network; Chicago (IL); On-site; USD 60,000 - 100,000; Full time

Job summary

A dynamic real estate investment firm is seeking a detail-oriented Senior Property Accountant to enhance their financial reporting for a growing multifamily portfolio. This pivotal role involves collaborating with property management to ensure accurate financials, managing general ledger activities, and conducting budget variance analyses. The ideal candidate will possess a strong foundation in GAAP and real estate accounting, along with advanced proficiency in Microsoft Excel. Join a vibrant team that values meticulousness and integrity, and contribute to the financial success of a forward-thinking organization within the real estate sector.

Qualifications

• 4+ years of relevant accounting experience required.
• Strong proficiency in GAAP and real estate accounting needed.

Responsibilities

• Support financial reporting and manage general ledger for properties.
• Oversee financial reporting and conduct budget variance analysis.

Skills

GAAP knowledge

real estate accounting experience

time management

organizational skills

analytical skills

written communication

verbal communication

Education

Bachelor's degree in Accounting

Tools

Yardi

RealPage

Microsoft Excel

Microsoft Office Suite

Job description

Our client, a growing real estate investment firm, seeks a detail-oriented Senior Property Accountant to support financial reporting for their expanding multifamily portfolio. You will assist the Property Accounting Manager with general ledger management, reconciliations, and financial reporting, collaborating closely with our property management brand to ensure accurate and timely financials. This role demands a self-starter with strong GAAP knowledge and real estate accounting experience.

Senior Property Accountant Responsibilities:

• Support new property setup and transitions
• Oversee and review monthly, quarterly, and annual financial reporting from property management
• Perform budget variance analysis and provide detailed explanations
• Review property-level payables and receivables, addressing discrepancies with property management
• Manage property fixed asset records, including GAAP and tax depreciation
• Enter and import property-level financial data into the corporate accounting system
• Assist in managing renovation capital with the Controller and asset management team
• Conduct accounting research and document findings
• Reconcile parent company cash, investment, and equity accounts
• Calculate and initiate payments for asset management and acquisition fees
• Assist in developing and implementing accounting policies and procedures
• Perform monthly, quarterly, and year-end closings in accordance with GAAP

Senior Property Accountant Requirements:

• Bachelor's degree in Accounting required
• Minimum of 4+ years of relevant accounting experience
• Proficiency with Yardi or RealPage strongly preferred
• Demonstrated experience in institutional real estate accounting
• Strong working knowledge of Generally Accepted Accounting Principles (GAAP)
• Advanced proficiency in Microsoft Excel and other Microsoft Office Suite applications
• Excellent time management, organizational, and analytical skills
• Strong attention to detail and ability to maintain confidentiality
• Excellent written and verbal communication skills

This position is based at their headquarters in Chicago, the team is in office four days a week. Please apply today!

Thank you,
Allee Struve
Recruiting Lead - Management Consulting
LaSalle Network

LaSalle Network is an Equal Opportunity Employer m/f/d/v.