Senior Property Accountant

Lincoln Property Company; Chicago (IL); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Property Accountant to oversee the financial reporting of a significant commercial real estate portfolio. This role is pivotal in managing budgets, cash flows, and lease administration, ensuring financial accuracy and operational efficiency. The ideal candidate will thrive in a fast-paced environment, demonstrating exceptional analytical and organizational skills. Join this dynamic team and contribute to enhancing financial processes while collaborating closely with property management to drive success. This is an excellent opportunity for detail-oriented professionals eager to make a significant impact in the real estate sector.

Qualifications

• 5+ years of commercial property accounting experience required.
• Strong working knowledge of GAAP, lease administration, and budget preparation.

Responsibilities

• Prepare and analyze complete financial reports applying GAAP principles.
• Manage capital and tenant improvement records and oversee property budgets.

Skills

GAAP

Financial Reporting

Analytical Skills

Problem-Solving

Organizational Skills

Interpersonal Skills

Communication Skills

Detail-Oriented

Education

Bachelor’s Degree in Accounting

Tools

Microsoft Excel

Microsoft Word

MRI

Yardi

Job description

Lincoln Property Company does not accept unsolicited resumes from third-party recruiters unless they were contractually engaged by Lincoln Property Company to provide candidates for a specified opening. Any such employment agency, person or entity that submits an unsolicited resume does so with the acknowledgement and agreement that Lincoln Property Company will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. At this time, we are not working with any agencies.

TheSenior Property Accountant is responsible for the full-cycle accounting and financial reporting of a complex commercial real estate portfolio, including a 1.7 million square foot Class A office complex. This role ensures accurate financial records, manages budgets and forecasts, and collaborates closely with the property management team to enhance operational effectiveness. The ideal candidate is detail-oriented, highly analytical, and thrives in a fast-paced, deadline-driven environment. This role plays a key part in cash management, lease administration, capital/tenant improvements, and client reporting.

Responsibilities:

• Apply GAAP principles to prepare, maintain, and analyze complete financial reports.
• Maintain general ledger; prepare monthly/quarterly/annual financial statements and reports.
• Conduct monthly bank reconciliations and balance sheet reconciliations.
• Prepare variance analysis, cash flows, and supporting schedules.
• Prepare monthly accruals, depreciation entries, and straight-line rent journal entries.
• Manage capital and tenant improvement records.
• Oversee preparation and accuracy of property budgets, forecasts, and business plans.
• Handle annual audits and provide requested schedules.
• Review and process escalation billing and reconciliation.
• Manage lease administration records.
• Monitor cash positions and ensure timely payment of critical expenses; prepare funding reports.
• Review delinquency reports and work with property management on collections.
• Collaborate closely with Property Management & Leasing Teams for reporting accuracy.
• Prepare and file applicable tax forms & payments.
• Distribute monthly report packages to ownership and respond to ad hoc owner inquiries.
• Contribute to ongoing improvement of accounting and reporting procedures.
• Participate in special projects and other duties as assigned.

Desired Competency, Experience, and Skills:

• Bachelor’s Degree in Accounting or related field required.
• Minimum 5 years of commercial property accounting experience required.
• Strong working knowledge of GAAP, lease administration, and budget preparation.
• Proficiency in Microsoft Excel and Word; experience with MRI or Yardi is a plus.
• Demonstrates exceptional organizational, analytical, and problem-solving abilities.
• Ability to prioritize and manage multiple tasks and deadlines in a fast-paced environment.
• Strong interpersonal and communication skills; able to work effectively across departments.
• High degree of professionalism, initiative, and ability to work independently with minimal supervision.
• Detail-oriented and efficient with a strong sense of accountability.
• Creative and resourceful in solving problems and improving systems.

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.

By submitting your information or resume in response to this opportunity, you acknowledge that your personal information will be handled in accordance with Lincoln Property Company's privacy policy.

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