Property Accountant
Brookfield Properties, Chicago, IL, United States
Location
GGP Chicago - 350 N Orleans Street, Suite 300
Business
Headquartered in Chicago, IL, GGP is a leading retail real estate company with a portfolio of 95+ high-performing retail assets, encompassing over 95 million square feet of space across the United States. As an owner-operator, we’re committed to creating vibrant destinations that bring people and brands together. With a team of 1,200+ employees and a legacy of leadership in retail real estate, we’re shaping the future of the industry by delivering exceptional value to our partners and the communities we serve
Job Description
The Property Accountant is responsible for accurately recording and reporting property-level financial statements in accordance with GAAP and company policies. This role ensures timely preparation of financial statements, reconciliations, and variance analyses to support property operations. The Property Accountant also collaborates with property teams and corporate finance to maintain compliance and drive financial accuracy.
Responsibilities
Prepare balance sheets and income statements for assigned portfolio of properties, ensuring accuracy and compliance.
Analyze, document, and record transactions in the Company's JD Edwards general ledger, maintaining thorough supporting workpapers.
Provide detailed explanations for all balance sheet and income statement variances.
Calculate tenant common area maintenance (“CAM”) charges according to lease agreements.
Collaborate with property teams, financial reporting teams, and other business partners to ensure smooth financial operations.
Document and record ownership-level transactions and adjustments for assigned portfolio based on relevant legal documentation such as debt agreements, purchase and sales contracts, and joint venture agreements.
Stay informed on external accounting and reporting practices to understand transaction disclosures and financial trends.
Other duties as assigned.
Qualifications
High school diploma or GED required.
Bachelor's degree in Accounting, Business, or a related field required; CPA candidate is a plus.
Minimum of 2 years of experience in related accounting or finance role required; experience within the real estate industry is preferred.
Demonstrated experience preparing workpapers supporting accrual-based general ledger entries and responding to audit inquiries.
Strong organizational and problem-solving skills with the ability to meet deadlines.
Strong written and verbal communication skills.
Excellent attention to detail and accuracy.
Working knowledge of Microsoft Office Suite with intermediate-level Excel skills.
Experience with an ERP general ledger, preferably JD Edwards or Yardi.
Compensation
Salary type: Exempt
Pay Frequency: Bi-weekly
Annual Base Salary Range: $70,000 - $90,000
Annual Bonus: 10%
Benefit Information
Competitive compensation
Medical, Dental and Vision beginning day 1
401(k) Company matching
401(k) Vests on Day 1
Career development programs
Charitable donation matching
Generous paid time off (i.e., vacation, personal holidays, paid sick time)
Paid Volunteer Hours
Paid Parental Leave
Family planning assistance including IVF, surrogacy, and adoption options
Wellness and mental health resources
Pet insurance offering
Childcare Assistance
Commuter benefits
A culture of our values of Act with Integrity, Build Mutual Trust, Take Initiative and Win Together.
Equal Employment Opportunity Statement
We are proud to create a diverse environment and are proud to be an equal opportunity employer.
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GGP Chicago - 350 N Orleans Street, Suite 300
Business
Headquartered in Chicago, IL, GGP is a leading retail real estate company with a portfolio of 95+ high-performing retail assets, encompassing over 95 million square feet of space across the United States. As an owner-operator, we’re committed to creating vibrant destinations that bring people and brands together. With a team of 1,200+ employees and a legacy of leadership in retail real estate, we’re shaping the future of the industry by delivering exceptional value to our partners and the communities we serve
Job Description
The Property Accountant is responsible for accurately recording and reporting property-level financial statements in accordance with GAAP and company policies. This role ensures timely preparation of financial statements, reconciliations, and variance analyses to support property operations. The Property Accountant also collaborates with property teams and corporate finance to maintain compliance and drive financial accuracy.
Responsibilities
Prepare balance sheets and income statements for assigned portfolio of properties, ensuring accuracy and compliance.
Analyze, document, and record transactions in the Company's JD Edwards general ledger, maintaining thorough supporting workpapers.
Provide detailed explanations for all balance sheet and income statement variances.
Calculate tenant common area maintenance (“CAM”) charges according to lease agreements.
Collaborate with property teams, financial reporting teams, and other business partners to ensure smooth financial operations.
Document and record ownership-level transactions and adjustments for assigned portfolio based on relevant legal documentation such as debt agreements, purchase and sales contracts, and joint venture agreements.
Stay informed on external accounting and reporting practices to understand transaction disclosures and financial trends.
Other duties as assigned.
Qualifications
High school diploma or GED required.
Bachelor's degree in Accounting, Business, or a related field required; CPA candidate is a plus.
Minimum of 2 years of experience in related accounting or finance role required; experience within the real estate industry is preferred.
Demonstrated experience preparing workpapers supporting accrual-based general ledger entries and responding to audit inquiries.
Strong organizational and problem-solving skills with the ability to meet deadlines.
Strong written and verbal communication skills.
Excellent attention to detail and accuracy.
Working knowledge of Microsoft Office Suite with intermediate-level Excel skills.
Experience with an ERP general ledger, preferably JD Edwards or Yardi.
Compensation
Salary type: Exempt
Pay Frequency: Bi-weekly
Annual Base Salary Range: $70,000 - $90,000
Annual Bonus: 10%
Benefit Information
Competitive compensation
Medical, Dental and Vision beginning day 1
401(k) Company matching
401(k) Vests on Day 1
Career development programs
Charitable donation matching
Generous paid time off (i.e., vacation, personal holidays, paid sick time)
Paid Volunteer Hours
Paid Parental Leave
Family planning assistance including IVF, surrogacy, and adoption options
Wellness and mental health resources
Pet insurance offering
Childcare Assistance
Commuter benefits
A culture of our values of Act with Integrity, Build Mutual Trust, Take Initiative and Win Together.
Equal Employment Opportunity Statement
We are proud to create a diverse environment and are proud to be an equal opportunity employer.
#J-18808-Ljbffr