Sr. Accountant

Job Title

Sr. Accountant

Magnolia Capital ("Magnolia") is a Chicago-based real estate investment firm focused on finding and creating value within the residential real estate space. Founded in 2016, Magnolia is dedicated to redefining rental housing investing through a technology-forward platform and sound investment principles. The firm manages both multifamily and single‑family properties across the U.S. and offers a highly motivated, data‑driven team environment.

Magnolia Capital is currently seeking a Sr. Accountant to assist in property financial reporting and accounting functions. This role will support the Assistant Controller for a growing portfolio of multifamily properties, reviewing disbursements, accounts receivable, general ledger data, and preparing reconciliations and analysis as needed. The Sr. Accountant will coordinate with the STYL Residential brand to ensure accurate and timely financial reporting.

The position is based at the HQ in Chicago.

• Support the Assistant Controller and Property Management team with the setup and transition of new properties.
• Assist in coaching, training, and providing review support to junior team members.
• Oversee and review monthly, quarterly, and yearly information from related‑party property management accounting.
• Compare financial results to budget and draft variance explanations.
• Review property level payables and receivables; investigate unusual activity or past‑due balances.
• Maintain property fixed asset records, including GAAP and tax depreciation.
• Enter or import property‑level financials into the corporate accounting system.
• Assist the Controller and asset management team in managing capital for renovations.
• Research accounting issues and document findings.
• Reconcile all parent company cash, investment, and equity accounts.
• Calculate and initiate payment for asset management and acquisition fees.
• Assist in developing and implementing accounting policies and procedures.
• Perform monthly, quarterly, and year‑end closings of the general ledger in accordance with GAAP.
• Execute additional duties as assigned.

• Bachelor’s Degree in Accounting (required).
• 5–7 years of accounting experience (institutional real estate preferred).
• Strong working knowledge of GAAP.
• Proficiency with Yardi and Real Page systems is strongly preferred.
• CPA certification is strongly preferred.
• Experience with institutional real‑estate accounting advantageous.
• Excellent time‑management and detail‑orientation.
• High degree of confidentiality required.
• Strong written and verbal communication skills.
• Proficient in Excel and other Microsoft Office Suite products.
• Ability to collaborate and work in a team environment.
• Capability to meet stringent deadlines in a fast‑paced, results‑oriented environment.

Magnolia Capital offers competitive compensation and bonus opportunities, along with career growth plans. The benefits package includes medical/dental/vision/life insurance, a 401(k) plan, flexible time off, a hybrid schedule, business casual dress code, volunteer days, and more.

Magnolia Capital is an equal‑opportunity employer. Magnolia Capital prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, national origin, age, disability, or genetic information.

Mid‑Senior level

Full‑time

Accounting, Auditing, and Finance

Chicago, IL

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