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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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