What are the responsibilities and job description for the Property Accounting Manager position at Grayson Search Partners?
Grayson Search has partnered with one of Chicago's premier PE-backed Real Estate companies located in the heart of Chicago in their search for a Property Accounting Manager. The company acquires, develops, and manages real estate assets across the United States.
Position Overview
- Perform monthly, quarterly, and annual accounting packages including reviewing ledger detail,
- preparing/reviewing adjusting journal entries, and supporting schedules for GAAP-based financial statements.
- Research monthly budget variances and assist community and asset management teams with variance explanations.
- Assist community teams and asset managers with annual budget preparation.
- Distribute financial reporting packages to joint venture partners.
- Prepare lender reporting packages, and debt covenant calculations and work directly with the accounting manager to ensure compliance with loan requirements.
- Prepare joint venture-level reporting packages
- Reconcile fixed asset and depreciation schedules
- Research and respond to fund accounting, tax, audit, or investor inquiries pertaining to the operating financials.
- Prepare property acquisition and disposition journal entries.
- Lead the onboarding and set up of property acquisitions.
- Interact with and review for accuracy and consistency work prepared by third-party financial preparers
- Review & approve bank reconciliations & journal entries
- Calculate and project monthly cash flow distributions
- Assist the Property Accounting Manager with ad hoc projects as needed.
Ideally, you'll have:
- Bachelor's degree in Accounting
- 5 years of relevant experience in Real Estate Accounting
- Strong knowledge of GAAP compliance
- Experience working in Entrata/Yardi, plus but not required
- Experience with property acquisitions/dispositions, plus but not required
