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Director of Property Accounting

Skokie, IL 60076

Posted: 12/09/2022 Industry: Controller Job Number: 4500 Pay Rate: 150,000

Job Description

Director of Property Accounting

The Director of Property Accounting is responsible for the strategy and supervision of all aspects of the Property Accounting Department

  • Provide a leadership role between the property accounting group and other departments within the organization including operations, construction, finance and corporate
  • Oversee and lead accounting team consisting of accounting manager, senior accountants, and accounts payable clerks.
  • Oversee month end close and monthly financial reporting
  • Review of property level financials / variance reports
  • Coordination with on-site staff, operations, and 3rd party managers
  • Review monthly partner distributions (and capital calls when necessary)
  • Review monthly update of preferred return schedules
  • Review and approve debt service payments and intercompany reimbursements
  • Coordination and oversight of all external reporting, including timely submittal of:
  • Annual tax returns - monitoring the completion of internal work papers, preparation of tax returns by external tax accountants, K-1 distributions
  • Lender reporting for operating properties
  • JV partner reporting for operating properties
  • Personal property tax declarations
  • Coordination of annual budget with operations; oversee annual budget import into Yardi
  • Assist with dispositions, acquisitions, and any other transactions (e.g., refinancing)
  • Manage special projects (e.g., implementations; process improvement; etc.)

  • Bachelor’s Degree in Accounting or a related field
  • CPA preferred but not required
  • 7+ years of progressive residential property accounting experience, including at least 2-3 years in a leadership role.
  • Proficiency in Yardi
  • Proficient in MS Office applications including Excel, Word, and Outlook.
  • Strong communication skills, both verbal and written
  • Strong leadership and supervisory skills
  • Organized, detail-oriented, and diligent

Meet Your Recruiter

David Rosenblatt

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