Property Accountant
The Inland Real Estate Group of Companies•Downers Grove, IL
•$61,094 - $76,367
About The Position
The Property Accountant is responsible for day-to-day accounting operations for an assigned portfolio of residential and commercial properties. The role supports monthly property close, financial reporting, budgeting, and audit activities, while serving as the primary accounting contact for assigned properties. It offers hands-on experience in real estate accounting and opportunities to work with accounting and real estate professionals.
Requirements
- Bachelor's degree in Accounting, Finance, or a related field, or equivalent relevant work experience.
- 0–2 years of accounting experience.
- Strong proficiency in Microsoft Excel.
- Experience using accounting software and financial systems.
- Solid understanding of accounting principles and financial reporting.
- Strong analytical and problem-solving abilities.
- Excellent verbal and written communication skills.
- Strong organizational skills and ability to manage multiple priorities and deadlines.
- High attention to detail and accuracy.
Nice To Haves
- Accounting experience in property accounting, real estate, or a related industry.
Responsibilities
- Prepare monthly property close workbooks covering real estate taxes, CAM, insurance, rental income and other property revenues, and operating expenses.
- Review and analyze balance sheet and income statement accounts to verify accurate recording of transactions.
- Investigate account fluctuations and identify key financial drivers.
- Prepare and record journal entries and accruals related to contracts, work orders, capital projects, unpaid expenditures, and utilities.
- Review and approve invoices through the accounts payable system.
- Assist with preparing annual operating budgets.
- Serve as the primary accounting contact for assigned properties and address accounting-related questions.
- Process and monitor general ledger reclassifications as needed.
- Prepare audit workpapers for quarterly reviews and year-end audits.
- Provide requested documentation and sample selections to external auditors.
- Perform additional accounting and financial reporting duties as assigned.
Benefits
- Annual discretionary bonus program eligibility.
- Medical, dental, and vision insurance (PPO) for eligible full-time employees.
- 401(k) plan with company match.
- Vacation time.
- Nine paid holidays and three floating holidays per year.
- Sick time.
- Tuition reimbursement opportunity.
- Company-paid life insurance equal to annual base salary.
- Company-paid short-term and long-term disability.
- Paid parental leave.
- Professional growth and career advancement opportunity.
- Collaborative and supportive team environment.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
