Accounting Manager Job at East Lake Management in Chicago

Job Description: The accounting manager is responsible for the supervision and overall management of the accounting department overseeing a portfolio of commercial and rental real estate from development to operations.

Duties and Responsibilities:

• Perform/oversee aspects of the month-end financial reporting process, including reviewing the work of staff accountants regarding account reconciliations, preparation and review of journal entries, and financial statements to ensure the financial statements are complete, timely, and accurate
• Perform/oversee the budgeting and forecasting processes and provide variance analysis on a monthly basis
• Oversee the company's financial accounting processes including the company's financial accounts, payroll, budgeting, cash receipts, financial assets, accounts payable, and debts
• Perform/oversee cash flow forecasting and reporting for variance analysis
• Prepare/review required monthly and annual financial reporting required to outside parties including investors, asset managers, and governmental reporting entities
• Work with management to establish and monitor effective internal controls regarding the financial reporting process
• Implement new accounting policies and procedures as required by GAAP standard updates and ensure proper training for staff on new and required policies and procedures
• Coordinate/assist with audit process and prepare/review audit work papers for external audits performed by third parties
• Ensure streamlined, timely, and accurate reporting of operations for reporting to management, owners, and outside third parties as needed
• Recruit, hire and train accounting staff as needed and identify any additional training needs for current staff
• Work with other departments to ensure a seamless reporting process including payroll, accounts payable, and development
• Develop, document and maintain updated written policies and procedures for the accounting department
• Work with management to determine short and long-term financial objectives and policies and how to best obtain those goals
• Perform other duties and projects as necessary or assigned

Qualifications:

• Ability to analyze real estate and industry trends and communicate those trends to management, owners and investors
• Thorough understanding and knowledge of GAAP, especially as it applies to the real estate industry
• Excellent management supervisory skills including strong written and verbal communication skills including interacting with employees, clients, and outside third parties
• Self-initiating with strong organizational and time management skills
• Proficiency in accounting software, especially Yardi Voyager as well as the Microsoft Suite

Education and Experience:

• Bachelor's degree in Accounting from an accredited college or university is required
• Eight years or more of experience in real estate ,property management or related experience required
• Familiarity with affordable housing programs such as Low-Income Housing Tax Credits and the U.S. Department of Housing and Urban Development is a plus

Work Location: In person