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Arche

Senior Real Estate Accountant

Arche, Chicago, Illinois, United States, 60290


The Senior Commercial Real Estate Accountant

Under minimal supervision, applies cash, accrual and full GAAP accounting principles to prepare, analyze, maintain and deliver complete and accurate financial reports for a highly complex or strategic portfolio of Clients and properties.

PRIMARY RESPONSIBILITIES

Completes and oversees advanced level accounting transactions in preparation of client financial statement packages. Creates and posts journal entries. Ensures that all expenses, receipts, owner's distributions, funding requests and other transactions for the accounting period have been accurately posted.Generates and reviews financial packages for accuracy and comprehensive reporting. Prepares packages on a schedule to ensure timely delivery to the client and other management teams.Adheres to Client Accounting Policies and Procedures (CAPP) to ensure internal and external reporting requirements are consistently met.Reviews and audits funding and payment requests for accuracy, documentation and authorization in accordance with established operating procedures.Responds to and resolves issues and requests from management teams and clients regarding various accounting issues and reports, including Profit and Loss statements. Researches open accounting issues and recognizes potential issues and/or conflicts so corrective action can intercept and minimize issues.Creates or reviews complex property budgets and forecasting for assigned property portfolios. Participates in new property and client transitions, and client audit requests.Communicates requests for additional services from clients and the field to senior management and understands the scope of accounting services for the properties in portfolio.May oversee the completion of projects including independent preparation and review of CAM (Common Area Maintenance) reconciliations, purchase/sale proration, lease abstract analysis, property software setups, and opening/closing entry generations.Coordinates work with other team members within single point-of-contact (SPOC) guidelines.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION & EXPERIENCE

Degree from a four-year college or university program with an emphasis in accounting, finance or related field required.A minimum of four years prior accounting, finance or related experience required.Experience with real estate accounting software preferred.

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