Stream Realty
Senior Property Accountant - Chicago West Loop
Stream Realty, Chicago, Illinois, United States, 60290
Company Description
ABOUT STREAM REALTY PARTNERS
Founded in 1996, Stream Realty Partners (Stream) began with a vision. Not one focused on bricks and mortar, but with people at its foundation. Headquartered in Dallas, TX and operating in core markets coast to coast, we complete billions in annual transactions in office, industrial, retail, healthcare, land, and data center properties. With millions of square feet of assignments, Stream is one of the fastest-growing, full-service commercial real estate services organizations in the country. Our team of talented individuals have come together to create our distinct culture, best summarized by our firm's core values: smart, honest, nice, and passionate. For more information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
IMMEDIATE IMPACT. MEANINGFUL CAREER.
At Stream, we know our success begins and ends with our people. It is the reason we work hard to attract and retain the best and brightest talent. From day one, you will be an integral member of our high-caliber, collaborative team. We will empower you to apply your energy, expertise, and creativity to meet our client's needs while instilling you with unsurpassed market knowledge and development opportunities to succeed. When you join Stream, you won't simply start a new job-you will build a meaningful and impactful career.
Job Description
POSITION OVERVIEW
The
Senior Property Accountant
ensures that the financial statements for their portfolio are completed timely and accurately. This includes a detailed review of monthly financial statements and the general ledger, along with reviewing daily transactions to ensure accuracy and compliance with internal and external policies. Additionally, Senior Accountants assist the Property Management teams with the completion of Annual Budgets and Operating Expense (CAM) Reconciliations.
This high profile role is responsible for
two premium office towers
located together in the beautiful West Loop area of Chicago. It will be an on-site role supporting the property management team in servicing the portfolio.
Stream's Property Accountants enjoy a defined career path, mentoring, and access to established training resources, all within a company that recognizes Property Accounting's contribution to its ongoing successPerform the full accounting cycleProvide internal and external reporting of a portfolio/property's financial resultsWork with Property Management personnel to provide an in-depth analysis of the project's financial performanceSupport the budgeting process and expense reconciliation preparation review of data at a basic/intermediate level with limited direction from the managerPrepare recurring and ad hoc reports and analyses with limited direction from the managerAct as an internal and external customer service leader and assist the supervisor/manager with more complex issuesMentor and share knowledge with team membersRESPONSIBILITIES
Prepare the monthly financial statement packages for clients. This work includes creating and posting journal entries recorded to the general ledger, fixed asset depreciation, and amortization schedules, in-depth review of the general ledger and income statement, bank statement reconciliations, in-depth property manager variance comment review, and balance sheet reconciliationsEnsure internal and external reporting deadlines are metInteract frequently via verbal and written communication with the property management team and the Property Manager(s)Interact with Clients as needed on basic/complex issues. Include supervisor or manager on advanced issuesPrepare and submit Sales & Use Tax returns, as applicableManage and review the cash accounts of each project/property; Ensure critical timely payment of utilities, taxes, mortgages, and owner distributionsReview and post cash receipts, as neededReview payables. Process vendor invoices for payment as neededAssist the Manager with the transition of project assignmentsEnsure compliance with SOC I requirementsOther projects and duties as assignedQualifications
Bachelor's degree in accounting or related field required5 - 8 years minimum of property accounting/reporting experience requiredReal estate industry experience is strongly preferredBudget creation and CAM reconciliation experience preferredIntermediate competence in Microsoft Excel and Outlook is requiredYardi and/or MRI intermediate experience is a plusDemonstrated quantitative analytical and accounting skills commensurate with experience levelIntermediate understanding of accounting principles and ability to apply those principles to job assignmentsAbility to interact with clients and team members; Excellent communication skills, both verbal and writtenAbility to act and work with a high level of self-motivation, ability to multi-task, and thrive in a deadline-oriented environmentAbility to take initiative in routine problem-solving, and to present possible solutions to manager or supervisor for feedback regarding more complex issues /or problems
Additional Information
Individual compensation packages are based on various factors unique to each candidate, including skill set, experience, qualifications, location, and other job-related reasons. Stream Data Centers offers annual bonus, benefits, flexible time off (vacation), 401k and a variety of other perks and benefits.
Stream is an equal-opportunity employer and does not discriminate on the basis of ethnicity, race, religion, sex, age, national origin, disability, military status, or any other reason prohibited by law. Note: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
#LI-InOffice
Stream is an equal-opportunity employer and does not discriminate on the basis of ethnicity, race, religion, sexual orientation, gender identity, age, national origin, disability, military status, or any other reason prohibited by law. Note: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
Stream Realty Partners offers competitive salaries, bonuses, medical/dental/vision insurance, pharmacy benefits, health savings account, flexible spending accounts, 401(k) plan with company matching, PTO, and holiday pay. Individual compensation packages are based on various factors unique to each candidate, including skill set, experience, qualifications, location, and other job-related reasons.
Videos To Watchhttps://youtu.be/pcnQ2Q_3MkI?si=qu11JM72LW4qbO7-https://youtu.be/bMLleLN-RUA?si=NrShp-U9K23lLy3u
ABOUT STREAM REALTY PARTNERS
Founded in 1996, Stream Realty Partners (Stream) began with a vision. Not one focused on bricks and mortar, but with people at its foundation. Headquartered in Dallas, TX and operating in core markets coast to coast, we complete billions in annual transactions in office, industrial, retail, healthcare, land, and data center properties. With millions of square feet of assignments, Stream is one of the fastest-growing, full-service commercial real estate services organizations in the country. Our team of talented individuals have come together to create our distinct culture, best summarized by our firm's core values: smart, honest, nice, and passionate. For more information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
IMMEDIATE IMPACT. MEANINGFUL CAREER.
At Stream, we know our success begins and ends with our people. It is the reason we work hard to attract and retain the best and brightest talent. From day one, you will be an integral member of our high-caliber, collaborative team. We will empower you to apply your energy, expertise, and creativity to meet our client's needs while instilling you with unsurpassed market knowledge and development opportunities to succeed. When you join Stream, you won't simply start a new job-you will build a meaningful and impactful career.
Job Description
POSITION OVERVIEW
The
Senior Property Accountant
ensures that the financial statements for their portfolio are completed timely and accurately. This includes a detailed review of monthly financial statements and the general ledger, along with reviewing daily transactions to ensure accuracy and compliance with internal and external policies. Additionally, Senior Accountants assist the Property Management teams with the completion of Annual Budgets and Operating Expense (CAM) Reconciliations.
This high profile role is responsible for
two premium office towers
located together in the beautiful West Loop area of Chicago. It will be an on-site role supporting the property management team in servicing the portfolio.
Stream's Property Accountants enjoy a defined career path, mentoring, and access to established training resources, all within a company that recognizes Property Accounting's contribution to its ongoing successPerform the full accounting cycleProvide internal and external reporting of a portfolio/property's financial resultsWork with Property Management personnel to provide an in-depth analysis of the project's financial performanceSupport the budgeting process and expense reconciliation preparation review of data at a basic/intermediate level with limited direction from the managerPrepare recurring and ad hoc reports and analyses with limited direction from the managerAct as an internal and external customer service leader and assist the supervisor/manager with more complex issuesMentor and share knowledge with team membersRESPONSIBILITIES
Prepare the monthly financial statement packages for clients. This work includes creating and posting journal entries recorded to the general ledger, fixed asset depreciation, and amortization schedules, in-depth review of the general ledger and income statement, bank statement reconciliations, in-depth property manager variance comment review, and balance sheet reconciliationsEnsure internal and external reporting deadlines are metInteract frequently via verbal and written communication with the property management team and the Property Manager(s)Interact with Clients as needed on basic/complex issues. Include supervisor or manager on advanced issuesPrepare and submit Sales & Use Tax returns, as applicableManage and review the cash accounts of each project/property; Ensure critical timely payment of utilities, taxes, mortgages, and owner distributionsReview and post cash receipts, as neededReview payables. Process vendor invoices for payment as neededAssist the Manager with the transition of project assignmentsEnsure compliance with SOC I requirementsOther projects and duties as assignedQualifications
Bachelor's degree in accounting or related field required5 - 8 years minimum of property accounting/reporting experience requiredReal estate industry experience is strongly preferredBudget creation and CAM reconciliation experience preferredIntermediate competence in Microsoft Excel and Outlook is requiredYardi and/or MRI intermediate experience is a plusDemonstrated quantitative analytical and accounting skills commensurate with experience levelIntermediate understanding of accounting principles and ability to apply those principles to job assignmentsAbility to interact with clients and team members; Excellent communication skills, both verbal and writtenAbility to act and work with a high level of self-motivation, ability to multi-task, and thrive in a deadline-oriented environmentAbility to take initiative in routine problem-solving, and to present possible solutions to manager or supervisor for feedback regarding more complex issues /or problems
Additional Information
Individual compensation packages are based on various factors unique to each candidate, including skill set, experience, qualifications, location, and other job-related reasons. Stream Data Centers offers annual bonus, benefits, flexible time off (vacation), 401k and a variety of other perks and benefits.
Stream is an equal-opportunity employer and does not discriminate on the basis of ethnicity, race, religion, sex, age, national origin, disability, military status, or any other reason prohibited by law. Note: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
#LI-InOffice
Stream is an equal-opportunity employer and does not discriminate on the basis of ethnicity, race, religion, sexual orientation, gender identity, age, national origin, disability, military status, or any other reason prohibited by law. Note: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
Stream Realty Partners offers competitive salaries, bonuses, medical/dental/vision insurance, pharmacy benefits, health savings account, flexible spending accounts, 401(k) plan with company matching, PTO, and holiday pay. Individual compensation packages are based on various factors unique to each candidate, including skill set, experience, qualifications, location, and other job-related reasons.
Videos To Watchhttps://youtu.be/pcnQ2Q_3MkI?si=qu11JM72LW4qbO7-https://youtu.be/bMLleLN-RUA?si=NrShp-U9K23lLy3u