Senior Associate, Property Accounting

Core Spaces • Chicago, IL

1d

About The Position

Core Spaces (Core) is a people company focused on building relationships and properties. We are a vertically integrated real estate investment manager founded in 2010, specializing in the student housing and build-to-rent (BTR) sectors. Our residential communities offer world-class amenities, progressive design, and hospitality-driven service. As a Senior Property Accountant, you will be responsible for preparing and analyzing financial results of operational properties, including financial statements, forecasts, investor reporting packages, general ledger review, variance analysis, and audited financial statements. This role will also support the manager in coaching and developing staff.

Requirements

• Bachelor's degree in Accounting
• 4+ years of relevant experience
• Detail oriented and ability to problem solve, research, and multi-task
• Strong knowledge of GAAP compliancy
• Experience working in Accounting Software Programs
• Proficiency in MS Outlook, Excel, Word
• Excellent interpersonal and organizational skills
• Ability to multi-task and manage shifting priorities in a fast-paced environment
• Attention to detail and high level of accuracy

Nice To Haves

• Real Estate Development or Construction Accounting
• Entrata Accounting Software Program
• Yardi experience

Responsibilities

• Perform monthly, quarterly, and annual accounting activities, including organization, reconciliation, and review of financial reports.
• Work closely with the operations team to ensure they are receiving the information required to effectively operate the properties and that the reporting calendar is being met.
• Research monthly variances from budget and assist operations and accounting staff with variance explanations.
• Assist site team and asset managers with annual budget preparation.
• Lead the distribution of financial reporting packages to lenders and partners.
• Review and ensure compliance with accounting policies & procedures and resolve accounting related issues.
• Perform monthly account analysis of selected general ledger accounts to ensure accounts properly reflect the Company’s financial position in accordance with company policy and GAAP.
• Review ledger detail, prepare/review adjusting journal entries, and supporting schedules for GAAP-based financial statements.
• Prepare property financial statements and supporting schedules monthly.
• Coordinate all audit/investor inquiries pertaining to the operating financials.
• Prepare property acquisition and disposition journal entries.
• Lead the onboarding and set up of property acquisitions.
• Prepare lender reporting packages, debt covenant calculations and work directly with the accounting manager to ensure compliance with loan requirements.
• Review bank reconciliations and journal entries as needed.
• Provide guidance on Core’s accounting policies by leading training sessions on policies & procedures across all departments.
• Calculate ownership distributions utilizing cash flow analysis.
• Manage fixed assets in Sage and perform quarterly roll-forward reconciliations.
• Assist the Property Accounting Manager with ad hoc projects as needed.
• Occasional travel may be necessary as needed.
• Perform all other duties and tasks as assigned by management.
• Must be able to complete all physical requirements of this role with or without a reasonable accommodation.

Benefits

• A culture that provides you with a sense of belonging
• Competitive pay that values your contributions
• Incentives designed to reward your achievements
• Paid flexible PTO to disconnect or celebrate life milestones
• Paid 14+ holidays, including your birthday, to disconnect and celebrate
• Paid Parental Leave that begins after 90 days
• Paid volunteer time off to give back to your community
• Monthly workshop weeks; fewer meetings & more collaboration
• Robust health plan options that begin within at least 30 days of your employment
• Monthly phone reimbursement
• Wellness allowance and perks, including a yearly subscription to a meditation app
• An environment that provides you a voice to share your perspectives
• Employee Assistance Program (EAP) for access to confidential support services
• Company retirement options including 401(k) + matching & Roth account option

What This Job Offers

• Job Type: Full-time
• Career Level: Senior