Senior Property Accountant

Bridge33 Capital•Chicago, IL

12h•Onsite

About The Position

Bridge33 Capital is a high-growth, vertically integrated commercial real estate private equity firm specializing in open-air retail. The firm takes a proactive, hands-on approach to value creation, rooted in deep industry relationships, with a team united by a collective commitment to create value and deliver exceptional results. The company is seeking a Senior Property Accountant to manage and oversee the accounting operations for a portfolio of retail real estate assets in accordance with Generally Accepted Accounting Principles (GAAP). This is an in-person role based in their downtown Chicago office. The company's mission is to build relationships and create value where others don’t, guided by key principles such as being better together, serving others, having empathy for teammates, staying positive, embracing accountability, and championing results.

Requirements

Minimum four (4) years of progressively increasing accounting experience in retail commercial property management accounting.
Minimum bachelor’s degree from an accredited 4-year institution with a focus in accounting, finance, or business administration.
Advanced knowledge of the Generally Accepted Accounting Principles (GAAP) and hands-on experience working within an accrual based, monthly-close process.
PC-based Microsoft Office proficiency required, including advanced Excel use and user knowledge
Effective oral and written communication skills; excellent accuracy/proofreading work product; has a detailed mindset
Proficiency and consistency with prioritizing workload, multi-tasking, working independently with minimal supervision and meeting internal deadlines
Maintain highest standard of work ethics, trust, and credibility
Possess skills, abilities and traits that align with the company’s Key Principles

Nice To Haves

Working knowledge of Yardi real estate software preferred

Responsibilities

Perform full range of accounting processes and financial reporting for a portfolio of retail real estate assets
Prepare and post journal entries for fixed assets, accruals, deferred rent, prepayments, and other balance sheet accounts
Participate in all aspects of month end process and conduct detailed variance analysis to ensure accuracy and completeness
Review and analyze rent rolls, accounts receivable reports, and related financial reports to ensure alignment with general ledger balances
Prepare sales and use tax filings in accordance with jurisdictional requirements and regulatory guidelines as needed
Process weekly full cycle Accounts Payable including invoice approval workflows and vendor payment authorization
Develop year-end audit schedules and support external audit procedures through documentation and sampling assistance
Perform weekly and monthly bank reconciliations to maintain accurate cash position reporting
Monitor income and expense trends against approved budgets and provide variance explanations
Calculate, reconcile, and report monthly management fees in accordance with contractual agreements
Reconcile monthly tenant charges including CAM, real estate taxes, and insurance allocations
Prepare monthly financial packages for senior management review
Lead preparation of annual budgets and forecasts
Prepare annual tenant reconciliations for CAM, tax, and insurance recoveries
Collaborate with the property and asset management teams in preparation of the property operating budgets, and reforecasts
Manage accounting and reporting for construction projects, capital improvements and major maintenance and repair initiatives.
Prepare ad-hoc reports and compliance documentation for debt service and lender requirements.
Research and resolve complex accounting issues in accordance with GAAP and industry best practices.