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Property Accounting

CFS, Chicago, IL, United States

Salary max: $36.00

Duration: Full Time

Property Accountant
$75,000 – $95,000
Hybrid Schedule


Our client, a rapidly expanding real estate company, has experienced significant growth in recent years and continues to scale its operations. As part of this expansion, they are seeking to add a Property Accountant to their team. The ideal candidate will bring experience in a similar environment and play a key role in supporting continued growth and operational success.



Why Join as a Property Accountant?



  • One of the largest commercial real estate firms in the Chicagoland area

  • Strong commitment to internal promotion and long-term employee development

  • Competitive compensation and comprehensive benefits, including medical, dental, vision, life insurance, 401(k), tuition reimbursement, and flexible spending accounts

  • Excellent work-life balance

  • Positive, casual, and collaborative company culture

  • Hybrid schedule



Key Responsibilities



  • Prepare and post monthly journal entries

  • Reconcile bank accounts, including escrows and reserve accounts

  • Maintain detailed supporting schedules for balance sheet accounts such as prepaid expenses, accrued liabilities, mortgages, interest payable, real estate taxes, and tenant-related receivables/payables

  • Reconcile and track capital activity

  • Prepare journal entries for complex transactions, including acquisitions, dispositions, and financing activities

  • Maintain the fixed asset ledger and record depreciation entries

  • Analyze lease commissions, tenant allowances, and capital expenditures for proper accounting treatment

  • Partner with Property Management to prepare monthly variance analyses of operating revenues and expenses

  • Work with senior accounting staff to support consolidated financial reporting for the multifamily portfolio

  • Process owner distributions and lender draw requests

  • Assist with tax return preparation and provide supporting documentation

  • Support external audit requests and year-end tax filings

  • Assist in the preparation and review of annual property budgets

  • Participate in special projects and prepare ad hoc financial reports as needed

  • Assist with tenant reconciliations and estimates in accordance with lease agreements



Qualifications



  • 2+ year of accounting experience

  • Prior experience in real estate accounting strongly preferred

  • Bachelor’s degree in Accounting or a related field required