Property Accountant – Real Estate Investment Firm

Join a third-generation, family-owned real estate company with over a century of history and a proven track record of success. Specializing in apartment ownership and management across the U.S., they are dedicated to building thriving communities, delivering exceptional service to residents, and providing investors with stable returns. Since their shift to multifamily housing in 1990, we’ve expanded to over 60 communities and 19,400 units nationwide.

The team is seeking a Property Accountant to play a critical role in managing the financial operations of their apartment portfolio. This hybrid position is based near Wheeling, IL, requiring in-office collaboration on Tuesdays, Wednesdays, and Thursdays.

Key Responsibilities include:

• Property Financial Management: Prepare and maintain financial statements for assigned properties, including balance sheets, income statements, and performance analyses.
• Account Reconciliations: Perform monthly bank reconciliations for property accounts and ensure all entries are accurately recorded in the general ledger.
• Cash Management: Monitor and track property-level cash flow, ensuring timely execution of payments, cash distributions, and capital calls.
• Journal Entries: Prepare and post journal entries related to accruals, prepaids, and other property-specific transactions.
• Budget Support: Assist with the preparation of annual budgets, forecasts, and variance analyses for assigned properties.
• Audit Assistance: Provide supporting documentation for internal and external audits, ensuring compliance with financial standards and regulations.
• Collaborative Communication: Work closely with on-site property managers, corporate personnel, and investors to address day-to-day accounting needs and inquiries.
• System Utilization: Support the setup and maintenance of property accounting systems, including Yardi, to streamline financial reporting processes.
• Acquisition & Disposition: Contribute to the financial transition process during property acquisitions and sales by reviewing financial documentation and assisting with system updates.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• 2-5 years of property accounting or real estate accounting experience.
• Strong understanding of property-level financial operations and reporting.
• Proficiency in Microsoft Excel; experience with Yardi is highly preferred.
• Excellent communication, organizational, and analytical skills.
• Solution-oriented mindset with a commitment to collaboration and accuracy.

Why Work With Them?

• Hybrid Work Environment: Flexibility to work both remotely and in-office.
• Comprehensive Benefits: Medical, dental, vision insurance, and 401(k) with matching.
• Career Development: Opportunities for training, tuition reimbursement, and professional growth.
• Work-Life Balance: Generous paid time off, summer half-day Fridays, and employee discounts.
• Supportive Culture: Join a collaborative team with engaged leadership and a focus on excellence.