
Senior Accountant
- Illinois – Oakbrook Terrace
Job Description:
Maintain the financial reporting of a portfolio of properties that consist mostly of institutional based clients that follow accrual and GAAP reporting requirements. Prepare tenant recovery reconciliations based on lease language for portfolio assigned. Consistent interaction with Property Managers and clients.
Responsibilities:
Preparation of financial statements in a timely and accurate manner, including completion of the following:
- Be able to handle a portfolio of properties from institutional clients that require GAAP financial statements and specific reporting requirements
- Preparation of all journal entries with appropriate supporting back-up documentation
- For accrual books, identification of necessary accruals and the posting of journal entries
- Preparation of supporting work papers for all balance sheet accounts (prepaids, deferred rent, fixed assets, depreciation/amortization, accruals, etc.)
- Review of the financial statement package to ensure that all system-prepared schedules reconcile to other system-prepared schedules, including documentation of any differences
- Identification of income statement accounts requiring variance explanations and providing clear comprehensive explanations to the various
- Resolution and documentation of responses to all review notes generated
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 all payable batches prior to check processing
- Review and approval of tenant receipt batches, identifying the application of each receipt
- Preparation and review of the annual budget, reforecast, and any client required quarterly statements
- Preparation and review of the CAM, real estate tax, insurance, and other reconciliations
- Review of tenant lease language and constructing of tenant recovery calculations and pools
- Review of monthly charges and calculation & entry of non-recurring charges such as late fees
- Assistance to the property manager in any tenant billing disputes
- Assistance with property acquisitions and setup
- Ad-hoc property specific and department related special projects
- Participation in staff meetings; training and team support to other staff members
- Provide to Clients explanations and recommendations related to the financial accounting
Desired Skills & Experience:
- Bachelor’s degree in Accounting
- Preferred minimum of 3 years’ experience in Property Accounting
- Ability to learn new software systems quickly; experience in MRI and Yardi highly preferred
- Detail oriented, strong organizational skills, ability to prioritize and work at a fast pace
- Team oriented with the ability to work independently