Senior Property Accountant

Senior Property Accountant

Established Real Estate Investment & Property Management Firm | Chicago, IL (Hybrid)

• Compensation: 80k-90k base 5% target bonus
• Work Model: 3 days per week in-office & Summer Friday flexibility

Company Overview

We are partnering with a well-established real estate investment and operating company that owns and manages a diverse portfolio of multifamily and mixed-use properties throughout a major metropolitan market. Backed by institutional capital and long-term ownership, the firm has built a reputation for operational excellence, collaborative culture, and thoughtful investment strategies. Employees enjoy a team-oriented environment where ideas are encouraged, professional development is supported, and individuals have the opportunity to build long-term careers within a growing real estate platform.

The Opportunity

We are seeking a Senior Property Accountant to manage the full-cycle accounting responsibilities for an assigned portfolio of commercial and residential real estate assets. Reporting to senior accounting leadership, this role offers broad exposure to property accounting, financial reporting, budgeting, lender reporting, and cross-functional collaboration with Property Management and Asset Management teams. This is an excellent opportunity for an accountant with early real estate or hospitality accounting experience who wants to continue building a career within institutional real estate.

Key Responsibilities

Property Accounting

• Perform full-cycle accounting for an assigned portfolio of real estate assets
• Prepare monthly financial statements, including balance sheets, income statements, cash flow statements, and supporting schedules
• Record journal entries, accruals, prepaids, and recurring accounting transactions in accordance with GAAP
• Prepare account reconciliations and ensure the accuracy of general ledger activity
• Monitor cash activity and support cash management processes

Financial Reporting & Close

• Participate in monthly, quarterly, and year-end close processes
• Prepare detailed balance sheet reconciliations and supporting workpapers
• Perform variance analysis and explain financial results
• Prepare lender reporting packages and other recurring financial reports
• Support annual audits and other financial reporting requirements

Property Operations Support

• Review and process tenant billings, rent activity, CAM reconciliations, and other property-related transactions
• Oversee accounts receivable and accounts payable activity for assigned properties
• Monitor tenant receipts and payment activity
• Partner with Property Management to resolve accounting questions and operational issues

Budgeting & Analysis

• Support annual budgeting and forecasting activities
• Analyze operating results against budget and prior periods
• Assist with special financial analyses and ad hoc reporting
• Support continuous process improvement initiatives within the accounting function

Compliance

• Prepare required state and local tax filings
• Maintain compliance with GAAP and internal accounting policies
• Ensure accounting records remain accurate, complete, and audit-ready
• Assist with internal control and documentation initiatives

Ideal Candidate Profile

• Bachelor's degree in Accounting, Finance, or related field
• 2 years of accounting experience
• Property accounting, real estate accounting, or hospitality accounting experience preferred
• Experience with Yardi or similar property management software is a plus
• Strong understanding of GAAP and general ledger accounting
• Intermediate to advanced Microsoft Excel skills
• Strong analytical, organizational, and problem-solving abilities
• Excellent written and verbal communication skills
• Ability to manage multiple priorities while meeting reporting deadlines
• Commitment to professional development and continuous learning

Preferred Backgrounds

• Multifamily Real Estate
• Commercial Real Estate
• Property Management
• Real Estate Investment
• Hospitality
• REITs
• Real Estate Development
• Public Accounting with Real Estate Clients

Why This Opportunity

• Stable, growing real estate investment platform with institutional backing
• Broad exposure to all aspects of property accounting and financial reporting
• Collaborative culture with direct interaction across Accounting, Property Management, and Asset Management
• Strong mentorship and professional development opportunities
• Hybrid work schedule with flexible summer hours
• Competitive compensation, annual bonus, and long-term career growth within a respected real estate organization