VP, Real Estate Finance & Accounting

The Newcastle Search Group, LLC; Chicago (IL); On-site; USD 180,000 - 260,000; Full time

Job summary

Marc Realty seeks a Vice President, Accounting & Finance to lead the accounting and financial reporting for a substantial real estate portfolio, including office and multi-family assets in downtown Chicago. You will manage a broad accounting organization, including property accounting, AR, AP, and oversight of the property management company’s controller.

The role reports to the Chief Operating Officer and offers high visibility, ownership of close processes, and leadership over systems,

Responsibilities

• Lead the monthly, quarterly, and annual close process across all property and corporate entities
• Prepare consolidated and property-level GAAP financial statements
• Deliver financial reporting packages to ownership, lenders, investors, and JV partners
• Coordinate year-end close, audit support, and tax workpaper preparation
• Lead and review property accounting across commercial office and multi-family portfolios
• Establish standardized close checklists, policies, and procedures
• Serve as escalation point for complex accounting and technical issues
• Oversee CAM reconciliations, straight-line rent, TI allowances, and lease accounting (ASC 842)
• Review tenant billing, AR aging, security deposits, and deferred rent schedules
• Oversee residential revenue, concessions, vacancy reporting, and capital improvement accounting
• Oversee tenant and resident billing, collections, cash applications, and bad debt reserves
• Approve weekly payment runs and ensure proper coding, authorization, and segregation of duties
• Manage vendor master file maintenance and annual 1099 filings
• Review monthly financial statements for the affiliated property management company
• Oversee management fee revenue recognition, payroll allocation, and overhead distribution
• Manage intercompany transactions, eliminations, and reconciliations
• Act as primary administrator and SME for Sage Intacct
• Oversee entity setup, chart of accounts, dimensions, reporting, and dashboards
• Manage integrations with property management platforms, bank feeds, and third-party systems
• Lead system improvements, automation initiatives, and user training
• Oversee portfolio-wide cash management, bank reconciliations, and cash flow forecasting
• Prepare lender compliance packages, DSCR calculations, and covenant testing
• Manage debt schedules, interest accruals, and loan accounting

Job description

Marc Realty seeks a Vice President, Accounting & Finance to lead the accounting and financial reporting for a substantial real estate portfolio, including office and multi-family assets in downtown Chicago. You will manage a broad accounting organization, including property accounting, AR, AP, and oversight of the property management company’s controller.

The role reports to the Chief Operating Officer and offers high visibility, ownership of close processes, and leadership over systems,