Director of Property Accounting - Multifamily

Rapidly growing Chicago-based multifamily property management firm is seeking a Director of Property Accounting to oversee all aspects of property accounting, ensure compliance with financial regulations, and provide strategic financial insights to support growth objectives.

Responsibilities:

Leadership & Management:

• Lead and mentor the property accounting team, fostering a culture of collaboration and continuous improvement.
• Oversee daily accounting operations, including accounts payable, receivable, general ledger, and financial reporting.
• Manage and coordinate relationships with outsourced accounting staff and vendors, ensuring alignment with company standards and objectives.
• Supervise bookkeepers and senior portfolio accountants, providing guidance and support to ensure accurate and timely financial reporting.

Financial Reporting:

• Prepare and review monthly, quarterly, and annual financial statements for multiple properties.
• Ensure timely and accurate reporting to senior management and stakeholders.

Budgeting & Forecasting:

• Collaborate with property management teams to develop annual budgets and financial forecasts.
• Monitor financial performance against budgets and provide variance analysis.

Compliance, Auditing & Process Establishment:

• Ensure compliance with GAAP, local regulations, and company policies.
• Coordinate external audits, manage relationships with auditors, and implement recommendations to improve processes.
• Establish and document strong accounting processes and internal controls to enhance operational efficiency and reduce risk.
• Conduct regular internal audits to ensure adherence to established processes and identify areas for improvement.

Process Improvement:

• Identify opportunities for process efficiencies and implement best practices in property accounting.
• Leverage technology and business intelligence tools to enhance accounting functions and reporting capabilities.

Strategic Planning:

• Provide financial insights and recommendations to support strategic initiatives and investment decisions.
• Utilize business intelligence acumen to analyze data trends, inform decision-making, and drive overall financial performance.
• Collaborate with cross-functional teams to align financial strategies with business objectives.

Qualifications:

• Bachelor’s Degree in Accounting, Finance, or related field; CPA or equivalent certification preferred.
• 7+ years of property accounting experience, with a focus on the multifamily sector.
• Strong knowledge of GAAP and financial reporting requirements.
• Proven leadership and team management skills.
• Experience managing outsourced staff and collaborating effectively with third-party service providers.
• Demonstrated experience overseeing bookkeepers and senior portfolio accountants.
• Demonstrated business intelligence acumen, with proficiency in data analysis and reporting tools.
• Excellent analytical, organizational, and communication skills.
• Proficiency in accounting software and Microsoft Excel; experience with property management software is a plus.