Property Accountant

Our client, a successful and growing privately held commercial real estate investment and development firm, is seeking an experienced Property Accountant to join its Chicago team.

The firm is actively expanding its national portfolio across healthcare and medical office, industrial, retail and other commercial real estate sectors. With continued investment activity and significant growth underway, this is an opportunity to join the company at an exciting point in its growth and build a long-term career within the organization.

Unlike a traditional property accounting role within a large organization, this position offers direct exposure to Asset Management and senior leadership, visibility across the portfolio, and the opportunity to take ownership of your work while expanding your responsibilities as the company grows.

The Property Accountant will be responsible for the day-to-day accounting and financial reporting for an assigned portfolio of commercial real estate properties. You will work closely with Asset Management and leadership and play an important role in maintaining accurate property financials and supporting the continued growth of the portfolio.

• Manage property-level accounting and general ledger activity for an assigned commercial real estate portfolio
• Manage accounts payable and accounts receivable, including vendor invoices, payments, tenant billing and rent collections
• Prepare journal entries, accruals, bank reconciliations and balance sheet reconciliations
• Manage month-end close and assist with preparation of property-level financial statements
• Prepare CAM, operating expense and tax reconciliations for commercial tenants
• Assist with annual property budgets, forecasts and variance analysis
• Review property financial activity, identify discrepancies and resolve accounting issues
• Support financial reporting for ownership, lenders and investors
• Assist with year-end audits, tax preparation, acquisitions, dispositions and refinancing activity
• Partner closely with Asset Management on ongoing property accounting and reporting needs

• 5+ years of property accounting, commercial real estate accounting or related accounting experience preferred
• Strong hands-on experience with general ledger accounting, AP/AR, journal entries, reconciliations and month-end close
• Experience with tenant billing, CAM reconciliations and operating expense recoveries preferred
• Yardi experience strongly preferred
• Avid Xchange or similar AP platform experience is a plus
• Commercial real estate experience strongly preferred; medical office and/or industrial experience is a plus
• Bachelor’s degree in Accounting, Finance, Real Estate or a related field preferred

This role is ideal for someone who enjoys property accounting but wants greater visibility, ownership and opportunity than they may have in a larger organization. You will join a collaborative, entrepreneurial team, work directly with decision-makers and have the opportunity to grow alongside an expanding commercial real estate platform.

The company is looking for someone who takes pride in their work, enjoys being part of a team and wants to build a long-term career with the organization.