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1 Property Accountant Job in Skokie, IL

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Cagan Management Group
Skokie, IL | Full Time
$83k-105k (estimate)
9 Months Ago
Property Accountant
$83k-105k (estimate)
Full Time | Business Services 9 Months Ago
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Cagan Management Group is Hiring a Property Accountant Near Skokie, IL

We are looking for a Property Accountant to join our team! The property accountant will be responsible for a portfolio comprised of 10-20 residential properties. They will serve as the key financial resource for the assigned portfolio.

Responsibilities:

This Accounting Associate will be responsible for the execution and distribution of financial statements for a portfolio of 10-20 properties. This position has significant interaction with the operations staff, specifically property managers and members of the financial planning and analysis team.

  • Prepare financial statements for a portfolio of properties, including General Ledger month-end close, actual to budget variance review, audits, and knowledge of real estate accounting software
  • Prepare timely and accurate monthly property financial statements by deadlines established within Client Accounting Services and by external Client
  • Prepare additional schedules, which are required to support account balances or are specifically required by owners
  • Submit financial statements and work papers in reviewable form (including documentation) and within the proper time frame for review
  • Responsible for cash management of assigned properties
  • Ensure that all bank statements are reconciled on a timely basis and follow-up on all outstanding checks and reconciling items monthly
  • Coordinate Accounts Payable process – review invoice coding and approvals, and ensure compliance with all appropriate controls are in place
  • Maintain a working knowledge of mortgages, real estate taxes, insurance and management agreements for assigned properties
  • Assist property manager in responding to tenant and owner requests for financial information

​Qualifications:

  • Bachelors degree in Accounting
  • Minimum of 2-5 years of experience in accounting
  • Experience in Accrual Accounting
  • Detail and deadline-oriented
  • Strong analytical and organizational skills
  • Demonstrated consistency in values, principles, and work ethic
  • Excellent verbal and written communication skills
  • Microsoft office suite proficiency
  • Strong attention to detail and proficient time management and the ability to excel in a fast-paced environment.
  • Preferred: Fundamental knowledge of Yardi Voyager

Job Type: Full-time

Pay: $65,000.00 - $80,000.00 per year

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Flexible schedule
  • Health insurance
  • Life insurance
  • Paid time off
  • Vision insurance

Experience level:

  • 2 years

Schedule:

  • Monday to Friday

Supplemental pay types:

  • Bonus opportunities
  • Performance bonus

Education:

  • Bachelor's (Preferred)

Experience:

  • Accounting: 3 years (Preferred)

Work Location: In person

Job Summary

JOB TYPE

Full Time

INDUSTRY

Business Services

SALARY

$83k-105k (estimate)

POST DATE

09/16/2023

EXPIRATION DATE

09/07/2024

WEBSITE

cagan.com

HEADQUARTERS

ROLLING MEADOWS, IL

SIZE

200 - 500

FOUNDED

1974

REVENUE

$10M - $50M

INDUSTRY

Business Services

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About Cagan Management Group

Cagan Management Group, Inc., is a dynamic family owned and operated real estate management, development and investment firm focused on the Midwest and Southeast markets.

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The job skills required for Property Accountant include Accounting, Analysis, General Ledger, Accounts Payable, Financial Statements, Microsoft Office, etc. Having related job skills and expertise will give you an advantage when applying to be a Property Accountant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Property Accountant. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Property Accountant positions, which can be used as a reference in future career path planning. As a Property Accountant, it can be promoted into senior positions as a Bookkeeping Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Property Accountant. You can explore the career advancement for a Property Accountant below and select your interested title to get hiring information.

If you are interested in becoming a Property Accountant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Property Accountant for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Property Accountant job description and responsibilities

Property accountants prepare, maintain, and review financial records, commercial property agreements, residential property agreements, and deal with some rentals.

04/12/2022: San Antonio, TX

Most property accountants maintain ledgers of accruals and expenditures that document debits and credits during monthly, quarterly and yearly periods.

03/10/2022: Springfield, MA

A property accountant for a hotel chain might also produce profit and loss reports during the same periods.

02/24/2022: Longview, TX

Administer all lease processes and evaluate all activities and prepare required reports for same and ensure accuracy of all data tenant ledgers and coordinate with property manager and evaluate all reports on monthly basis.

01/25/2022: Tulsa, OK

Property accountants are responsible for the daily accounting operations on public properties.

03/27/2022: Bakersfield, CA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Property Accountant jobs

Often, property accountants who manage apartment building finances submit applicants' credit applications to credit bureaus and analyze reports to determine the creditworthiness of the applicants.

03/18/2022: Providence, RI

Some property accountants oversee the finances of maintenance and repair expenditures.

03/17/2022: Raleigh, NC

Some property accountants oversee the sale of properties, working with commercial real estate agents and performing mortgage-closing duties.

03/13/2022: Somerset, NJ

Property accountants complete general ledger entries and manage cash balances.

02/26/2022: Springfield, IL

Property accountants assist with the preparation of documents for annual audits and tax filing processes.

01/23/2022: Portsmouth, OH

Step 3: View the best colleges and universities for Property Accountant.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College
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