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Property Accounting Manager

Chicago, IL, United States

A growing Real Estate firm seeks a dynamic and driven Property Accounting Manager to join its Chicago office who is responsible for the review and oversight of the property accounting financials, accounting month-end close, monthly variance analysis, and the coaching & development of staff. Strong attention to detail, knowledge of GAAP, a desire to challenge the status quo and having a flexible attitude are key attributes we are seeking. Experience within Real Estate is preferred.

Responsibilities :

Oversee and manage third-party accounting team

Review consolidated analysis and journal entries prepared by third- party accounting team for the entire portfolio

Collaborate with the Joint Venture Reporting Manager as needed on monthly, quarterly, and annual financial reporting for operational entities

Work closely with community operations staff and asset managers

Review monthly variances from budget and assist with variance explanations and corrections

Review/assist community operations team and asset managers with annual budget preparation

Review and ensure compliance with accounting policies and procedures, and resolve accounting related issues

Review ledger detail, adjusting journal entries, and supporting monthly schedules

Review property acquisition and disposition journal entries

Prepare the financial reporting for sold entities including completion of re-prorations between buyer and seller

Provide guidance on the company’s accounting policies by leading training sessions

Review bank reconciliations and journal entries as needed

Ensure property accounting team meets all internal and external deadlines

Update and identify improvement to Standard Operating Procedures & Best Practice Memos

Assist review/lead ad hoc projects as needed

Occasional travel may be necessary as needed

Perform all other duties and tasks as assigned by management

Must be able to complete all physical requirements of this role with or without a reasonable accommodation

Qualifications :

1-3 years of supervisor experience and 8 years of accounting experience in Real Estate industry (required)

Bachelor’s degree in accounting or finance required; CPA or Masters’ preferred

Strong knowledge of GAAP compliancy

Excellent communication, problem solving and interpersonal skills

Drive and desire to learn new technologies and grow technical and functional skill sets

You'll crush it if you have experience with Yardi/Entrata

Implementing process improvements and being highly adaptable

Passion for making business processes more efficient and successful

Ability to multi-task and manage shifting priorities in a fast-paced environment

Acquisitions/Dispositions

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