Property Accountant

at Connect Search in lansing, Illinois, United States

Job Description

Job Summary:
We are seeking a detail-oriented and motivated Property Accountant to join our team in the Chicagoland area. The ideal candidate will be responsible for the full cycle accounting of a portfolio of commercial and/or residential properties. This role requires a strong understanding of real estate accounting principles and the ability to work collaboratively with property management and corporate finance teams.

Key Responsibilities:

• Prepare and deliver timely and accurate monthly, quarterly, and annual financial statements for assigned properties.

• Assist with annual budgeting and forecasting processes in partnership with property managers and asset management teams.

• Manage day-to-day accounting functions including accounts payable, accounts receivable, and general ledger reconciliations.

• Perform annual Common Area Maintenance (CAM), insurance, and property tax reconciliations.

• Review and interpret lease agreements to ensure proper billing of rent and recoverable expenses.

• Support internal and external audits by providing necessary documentation and financial data.

• Monitor and manage property-level cash flows and perform monthly bank reconciliations.

• Ensure compliance with GAAP, internal accounting policies, and applicable local/state regulations.

• Utilize accounting and property management software such as Yardi, MRI, or RealPage for financial reporting and recordkeeping.

• Collaborate effectively with internal teams including property management, leasing, and finance to support operational and investor reporting goals.