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Beacon Hill is a proud partner to a reputable Real Estate Company in Chicago. We are currently hiring a Senior Property Accountant.
Responsibilities/Duties
The responsibilities of the Senior Property Accountant are, but are not limited to:
- Prepare and analyze monthly, quarterly, and annual financial statements in accordance with GAAP.
- Maintain and reconcile general ledger accounts and property-level financial data.
- Oversee accounts payable and receivable functions, ensuring timely rent collection, vendor payments, and resolution of AR discrepancies.
- Perform straight-line rent and revenue recognition calculations in compliance with ASC 842.
- Prepare and review CAM, real estate tax, insurance, and utility reconciliations in partnership with property managers.
- Manage fixed assets, capital project accounting, and depreciation schedules.
- Develop property operating budgets, forecasts, and variance analyses in collaboration with property managers.
- Ensure compliance with loan covenants, maintain loan documentation, and track reporting requirements.
- Support internal and external audits through the preparation of schedules and supporting documentation.
- Identify, recommend, and implement process improvements to enhance efficiency and accuracy.
- Assist with system implementations or upgrades and provide training to accounting staff as needed.
- Mentor junior accountants and promote collaboration across departments.
Requirements
- Bachelor’s degree in Accounting, Finance, or related field (CPA or CPA-track preferred, not required).
- Minimum of 5 years of property accounting experience, preferably within the commercial real estate sector.
- Strong understanding of GAAP, lease accounting, and property management accounting principles.
- Proficiency in Yardi, Kardin, and AvidXchangeArgus experience preferred.
- Advanced proficiency in Excel (pivot tables, VLOOKUPs, and data modeling).
- Highly organized, detail-oriented, and capable of managing multiple priorities in a fast-paced environment.
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