Staff Accountant
Illinois – Oakbrook Terrace
Company Description:
Mid-America Real Estate Group is the Midwest’s leading retail real estate firm. The company has offices in Oakbrook Terrace, Chicago, Milwaukee, Minneapolis and Detroit. Mid-America specializes in Investment Sales, Leasing/Asset Management and Tenant Representation, all focused on the retail and shopping center industry in the Midwest.
Job Description:
Prepare financial statements and budgets based on specific client standards. Perform daily accounting tasks, such as journal entries, receivable processing, and payable approvals. Prepare recovery reconciliations as required based on each specific tenant lease language. Involvement in ad-hoc projects. Daily interaction with Property Managers and clients. This position will be based in our Oakbrook Terrace, IL office.
Responsibilities:
Preparation of financial statements in a timely and accurate manner, including completion of the following:- Preparation of all journal entries with appropriate supporting back-up documentation
- Preparation of supporting work papers for all balance sheet accounts (prepaids, deferred rent, fixed assets, depreciation/amortization, accruals, etc.)
- Review and approval of all payables batches prior to check processing
- Review and approval of tenant receipt batches, correctly identifying the application of each receipt
- Analysis of income statement providing clear and comprehensive variance to budget explanations
- Review of the prepared financial statement package prior to submission to Accounting Manager to ensure that all prepared schedules reconcile to applicable accounts and other schedules, including documentation of any reconciling differences
- Resolution and documentation of responses to review notes from Accounting Manager review
Additional responsibilities:
- Managing of property funds daily, including preparation of Cash Flows and ad-hoc reconciliations
- Reconciliation of all bank statements, with follow-up and timely resolution of all reconciling items
- Review and approval of monthly scheduled charges for tenants
- Calculation and entry of non-recurring charges such as quarterly billings or late fees onto tenant accounts
- Preparation and review of the annual property budget
- Preparation and review of the CAM, real estate tax, insurance, and other miscellaneous reconciliations
- Preparation of 1099 data for each property in portfolio
- Assistance to the property manager in any tenant billing disputes
- Assistance with property turnover of assignments
- Preparation and review of quarterly/mid-year financial statements, including reforecasting
- Participation in staff meetings
- Ad-hoc property specific and department related special projects
Desired Skills & Experience:
- Bachelor’s degree in Accounting
- No required experience for Staff Accountant, however, a minimum of one (1) year of general ledger and financial statement preparation is a plus
- Proficient in Microsoft Office
- Ability to learn new software systems quickly
- Detail oriented, strong organizational skills, and ability to prioritize
- Must be able to multi-task and handle multiple priorities in a fast-paced environment
- Ability to reconcile sets of information with strengths in algebraic and problem-solving thinking
- Demonstrate consistency in values, work ethic, and commitment to excellence
- Understanding and commitment to client satisfaction, both internally and externally
- Team oriented with the ability to work independently on own tasks
- Enthusiasm in accounting and real estate