Sr Real Estate Accountant

TIAA • Chicago, IL

1d • $79,200 - $104,000

About The Position

The Senior Investment Accountant ensures investment accounting policies and procedures are correctly applied to financial transactions. Under minimal supervision, the role works directly with asset management, portfolio management, and acquisition/disposition teams. It leads a team preparing month-end closing reports and subsidiary quarterly financial analytics, and reports to senior management to ensure accurate asset evaluations.

The position prepares GAAP work papers and supporting schedules, reviews joint venture financial information, contributes management insight through monthly and quarterly reporting, calculates portfolio and property returns, and converts third-party management firms’ modified cash-basis accounting information to accrual basis for fair-value GAAP financial statements. It also guides junior Investment Accountants on issues requiring advanced knowledge and experience.

Requirements

• At least 3 years of accounting or audit experience.
• Strong proficiency with Microsoft Excel.
• Experience in a deadline-driven environment.
• Experience with financial reporting.

Nice To Haves

• At least 5 years of accounting or audit experience.
• University degree in Accounting or Finance.
• CPA certification.
• Previous experience with Yardi.

Responsibilities

• Prepare timely and accurate GAAP work papers and supporting schedules for investment accounting requirements and internal and external audits.
• Review joint venture financial information for compliance with investment accounting policies and procedures, including sales, acquisitions, debt refinancing, REIT restructuring, and financial performance.
• Incorporate ad hoc financial inquiries into monthly and quarterly reports and provide management insight into underlying property activities.
• Calculate unlevered and levered, gross and net portfolio performance returns, and property internal rates of return.
• Convert third-party management firms’ modified cash-basis accounting information to accrual basis for fair-value GAAP financial statements.
• Provide guidance to junior Investment Accountants on issues requiring more advanced knowledge and experience.
• Lead a team preparing month-end closing reports and subsidiary quarterly financial analytics.
• Report to senior management to support accurate asset evaluations.

Benefits

• Comprehensive Total Rewards package.
• Superior retirement program.
• Competitive health, wellness, and work-life offerings supporting physical, emotional, and financial well-being.
• Depending on the role, participation in an incentive program linked to performance may be included.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed