Senior Property Accountant

Prairie Management & Development, Inc.; Skokie (IL); On-site; USD 85,000 - 110,000; Full time

Job summary

Prairie Management & Development, Inc. in Chicago, IL is seeking a Senior Property Accountant to manage accounting for a Midwest property portfolio, ensuring accurate financial reporting and compliance with GAAP.

You will supervise Staff Property Accountants, prepare general ledgers and monthly reports in Yardi, coordinate with property managers, and assist with month-end close, HUD voucher submissions, and audits.

Qualifications

• Bachelor’s degree in Accounting with sufficient coursework to be eligible to sit for the CPA exam.
• Minimum of three (3) years of experience as a Property Accountant required.
• Strong understanding of GAAP principles.
• Advanced proficiency in Microsoft Office applications, particularly Excel, Outlook, and Word.
• Experience with accounting software, preferably Yardi.
• Strong communication, organizational, and time management skills.
• Highly detail-oriented with strong analytical abilities.
• Ability to maintain the highest level of professionalism, integrity, and confidentiality.

Responsibilities

• Oversee accounting functions for a portfolio of Midwest properties and ensure GAAP compliance.
• Prepare general ledger and financial reporting through Yardi and report to owners and agencies.
• Review and process Accounts Payable and assist with check generation.
• Maintain monthly general ledgers and review the work of Staff Accountants.
• Reconcile related bank accounts and select balance sheet and income statement accounts.
• Post recurring journal entries and assist with month-end close.
• Prepare and submit HUD Housing Assistance Payment vouchers to HUD.
• Maintain escrow accounts (mortgage, reserve, insurance) and depreciation schedules.
• Prepare and compile monthly/quarterly/annual reports for management, investors, and agencies.

Skills

GAAP knowledge

Detail orientation

Communication

Organization

Time management

Confidentiality

Education

Bachelor’s in Accounting

Tools

Yardi

Excel

Outlook

Word

Job description

This job will be located in Chicago, IL***

Job Description

We are seeking a Senior Property Accountant to join the accounting team at our corporate headquarters in the heart of downtown Chicago.

Position Summary

The Senior Property Accountant will oversee and manage all accounting functions for a portfolio of Midwest properties. Responsibilities include general ledger preparation and financial reporting through the Yardi Accounting system, as well as reporting to property owners and various governmental agencies.

This role works closely with the Controller and will be responsible for supervising and mentoring Staff Property Accountants. The Senior Property Accountant will also collaborate regularly with Property Managers and Regional Managers to address property-related accounting matters and ensure accurate financial reporting, compliance, and operational efficiency.

Responsibilities

• Understanding and complying with GAAP and internal control policies and procedures
• Reviewing rent rolls and Gross Potential Rent reports and recording adjustments as needed
• Reviewing and processing Accounts Payable and assisting with check generation
• Maintaining monthly general ledgers for assigned properties and reviewing the work of others
• Reviewing and reconciling related bank accounts, as well as select Balance Sheet and Income Statement accounts
• Posting recurring journal entries and assisting with the month-end close process
• Preparing and submitting Monthly Housing Assistance Payment (HAP) vouchers to the Department of Housing and Urban Development (HUD)
• Maintaining escrow accounts, including mortgage, reserve, and insurance accounts, as well as depreciation schedules
• Preparing and compiling reports for management personnel, investors, and governmental agencies on a monthly, quarterly, and annual basis, including reports required for audit and tax purposes

Staff Responsibilities

• Documenting and assisting in the resolution of process and procedural issues
• Reviewing, directing, and supervising the work of Staff Accountants
• Performing additional duties and special projects as assigned by the Controller and CFO

Qualifications

• Bachelor’s degree in Accounting with sufficient coursework to be eligible to sit for the CPA exam
• Minimum of three (3) years of experience as a Property Accountant required
• Strong understanding of GAAP principles
• Advanced proficiency in Microsoft Office applications, particularly Excel, Outlook, and Word
• Experience with accounting software, preferably Yardi
• Strong communication, organizational, and time management skills
• Highly detail-oriented with strong analytical abilities
• Ability to maintain the highest level of professionalism, integrity, and confidentiality

Physical Requirements

General mobility within office areas is required, along with the ability to operate standard office and data processing equipment.

Company Description

Prairie Management & Development, Inc. (PMD) is a mission-driven property development and management firm with over 40 years of industry experience. PMD’s primary focus is to provide, through construction and preservation, clean, safe and affordable housing for the residents, including for some who are most in need. The company owns and/or manages 40+ projects, all of which are located in the Midwest. Company headquarters is located on North Michigan Avenue in Chicago.

Prairie Management & Development, Inc. is an equal opportunity employer.