Overview
The Property Accountant will be responsible for oversight of third-party providers, including day to day accounting and operational support of the portfolio management team on various commercial real estate assets. This role will support the implementation and oversight of property accounting within required internal operating systems, regulatory reporting, data management, and external third-party administrative relationships for an end-to-end solution.
Role is based in Chicago, Illinois#LI-hybrid
Responsibilities
- Review of monthly financial reports and schedules from third-party property managers
- Assist in developing and review budgets and forecasts
- Monitor and manage cash flow requirements
- Participate in the implementation, troubleshooting and utilization of new software and third-party integration
- Oversight of accounting records for entities holding real estate assets
- Monitor and ensure all required client reporting is verified and completed as required
- Prepare annualized income and expense projections each month to assist Property Management and client in cash flow management and determining when investor approvals are required
- Prepare and analyze periodic excess net cash flow distribution calculations
- Prepare journal entries related to significant transactions such as acquisitions, dispositions, and financings
- Prepare data to support the annual financial statement audit and preparation of tax returns
- Work alongside Property Management to prepare tenant reconciliation settlements in accordance with stipulated lease terms including, but not limited to, operating expenses, real estate taxes and utilities
- Engage with third party providers, including administrators, property managers and valuation agents, and maintain ongoing working relationships to enhance processes
- Supports ongoing development of operational real estate investment support model
- Work with external auditors and tax consultants as required
Qualifications
- Bachelor’s degree in accounting or related field, CPA a plus
- 5-10 years of experience in commercial real estate or public accounting (with exposure to commercial real estate)
- Intermediate to advance with MS Office software/Excel
- Experience with MRI, Argus Enterprise, Yardi, or Salesforce a plus, including system implementation
- Prior experience working with and monitoring key third party providers, including outsourced administrators, property, and valuation agents
- A self-starter who is vocal in identifying areas of improved efficiency and offer potential solutions
- Excellent analytical, technical, and problem-solving skills, with strong attention to detail
- Exceptional verbal and written communication, collaboration, and time management skills
At this time will not sponsor a new applicant for employment authorization for this position.
EOE Statement
As an EOE employer, Legal & General Investment Management America will extend equal opportunity to all employeesand applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, ancestry,national origin, age, disability, medical condition, genetic information, marital status, pregnancy, military status, and/or anyother characteristic protected under applicable federal, state or local laws governing nondiscrimination in employment.
