The Inland Real Estate Group LLC is hiring: Summer Accounting Intern (IPC) in Oa
The Inland Real Estate Group LLC, Oak Brook, IL, United States
Inland Private Capital Corporation ("IPC") is an industry leading investment management firm, with a focus on institutional quality real estate across a broad range of asset types. The firm has created and sponsored more than 315 private placement real estate offerings, with investments and developments in the Multi-family, Self-storage, Hospitality, Healthcare, Student Housing, Retail, Corporate office, and Industrial sectors. Many of IPC's offerings were designed for investors seeking replacement property to complete an IRS Section 1031 exchange. IPC is one of the largest providers of securitized 1031 exchange opportunities in the country. The firm has a national footprint of more than 930 properties, with approximately $12.3 billion in assets under management. IPC's parent company, Inland Real Estate Investment Corporation provides asset management services for IPC's current and growing portfolio.
The IPC accounting team is comprised of 24 individuals in 2 groups that all report up to the Senior Vice President, Finance and Treasurer. Accountants prepare monthly financial statements for real estate portfolios that consolidated into IPC's financials and ultimately the top-level parent company, The Inland Real Estate Group's, financial statements. They prepare quarterly investor financial statements for each program as well as year-end tax statements for investors. Cash Management focuses on the daily cash transactions such as acquisitions of properties and syndication to investors.
Summer Internship
The summer internship is a ten-week rotational program designed to provide exposure to the IPC accounting department. The Real Estate Accountant Intern Program will introduce young professionals to the commercial real estate industry by providing hands-on, rotational learning and training in areas not limited to, financial reporting and analysis, investor reporting and cash flow analysis. During the rotational program, candidates will be exposed to the various groups within the IPC accounting team.
Candidates will work in the functional areas listed below and may perform (but not limited to) the outlined responsibilities.
GAAP Accounting
- Preparation of GAAP based financial statements and accompanying workpapers for Multifamily Portfolios
- Preparation of variance analysis explanations
- Bank Reconciliations
- Review property capital expenditures for appropriate reimbursement from owner reserve accounts and lender-held reserve accounts
- Preparation of program level quarterly operating statements included in investor reporting packages as well as lender statements
- Interact with asset management and investor relations on issues regarding property operations
- Other miscellaneous projects as assigned
- Pursuing a bachelor's degree in accounting
- Minimum 3.0 GPA
- Ability to work 40 hours per week in our Oak Brook, Illinois corporate headquarters
- Strong interest in pursuing a career in real estate accounting
- Demonstrable working knowledge of Microsoft excel
- Knowledge or desire and aptitude to learn other software such as Yardi
- Attention to detail and analytically minded
- Self-motivated, diligent, outstanding communication skills
- You must be a junior in college
We are an Equal Opportunity Employer. We consider applicants for all positions without regard to race, color, religion, sex, national origin, age, sexual orientation, familial, marital, or veteran status, disability, or any other legally protected classes.
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Other details
- Pay Type Hourly
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