Property Accountant

Bridge33 Capital

$80K — $96K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, Business Administration, Finance, or related degree required.
  • Strong knowledge of GAAP accounting principles.
  • 1-3 years of experience with journal entries, balance sheet reconciliation, and trial balance flux analysis.
  • 1-3 years in the commercial real estate industry preferred.
  • Basic understanding of real estate legal documents like leases.
  • Experience with Yardi Voyager or related accounting systems, and AvidXchange preferred.
  • Strong written and oral communication skills.

Responsibilities

  • Own the general ledgers and reporting for assigned properties.
  • Prepare monthly financial reports, budget variance analysis, and lender reports.
  • Collaborate with Asset Management, Property Management, and Accounting teams to ensure accurate reporting.
  • Manage daily cash activities, accounts receivable/payable, and bank reconciliations.
  • Handle tenant invoicing, reimbursables calculations, and lease analysis.
  • Ensure timely and accurate accounting entries with appropriate audit trails.
  • Assist in preparing CAM estimates and reconciliations.

Benefits

  • Fast-paced work environment with senior management interaction.
  • Flexible time off policy.
  • Comprehensive company-sponsored medical, dental, and vision insurance.
  • Paid life insurance and short/long-term disability coverage.
  • Paid parental leave.
  • 401(k) plan with company match.
  • 11 paid holidays.
Full Job Description
We are seeking a PROPERTY ACCOUNTANT who is responsible for all property level accounting functions for an assigned portfolio of assets, which includes owning the day-to-day accounting activity and month-end closing cycle for the assigned portfolio. This full-time hybrid role (4 days in-office, 1 day work from home) is based in our Chicago office. Come make your mark as an integral part of Bridge33 Capital!

ESSENTIAL RESPONSIBILITIES
  • Take full ownership of the general ledgers and reporting for a portfolio of properties.
  • Prepare monthly financial reporting packages, budget to actual variance analysis, and lender reports for review.
  • Work closely with various departments such as Asset Management, Property Management, and Fund/Corporate Accounting to ensure accounting information accurately and comprehensively reflects property activity in accordance with Generally Accepted Accounting Principles (GAAP) and company policies.
  • Perform ongoing responsibilities which include daily cash management duties; AR/AP processing; miscellaneous transaction recording and investigation; and monthly bank reconciliations.
  • Responsible for tenant invoicing, calculation of reimbursables, interpretation and analysis of leases, and support in resolving tenant inquiries.
  • Ensure appropriate accounting entries are booked timely and accurately with appropriate audit trail.
  • Prepare quarterly balance sheet reconciliations.
  • Assist with departmental policies and procedures including annual reviews and periodic updates, as necessary.
  • Prepare and complete annual CAM estimate calculations and CAM reconciliations.
  • Assist with annual audit process.
  • Ensure all analysis and work product are accurate, thorough, and neat.
  • Perform additional duties and projects as assigned.

Requirements

QUALIFICATIONS
  • Bachelor's degree in accounting, Business Administration, Finance, or related degree is required.
  • Strong accounting skills and knowledge of GAAP accounting are required.
  • 1-3 years of relevant experience in preparing journal entries, balance sheet reconciliation, and trial balance flux analysis.
  • 1-3 years of working experience in the commercial real estate industry highly preferred.
  • Basic understanding of real estate legal documents (such as leases, property management agreements, purchase and sale agreements).
  • Prior experience in Yardi Voyager or similar accounting system and AvidXchange highly preferred.
  • Strong written and oral communication skills.
  • Strong organizational skills with a keen attention to detail are required.
  • Self-motivated with an effective interpersonal and collaborative working style, along with a strong work ethic and a "roll up your sleeves" attitude.
  • Proficient Excel skills and familiarity with Google productivity tools are highly preferred.
  • CPA designation or candidate is a plus.

Benefits

WHAT WE OFFER
  • Fast paced and dynamic work environment, including frequent interaction with the senior management team
  • Flexible time off policy
  • Company sponsored medical, dental and vision insurance
  • Company paid life insurance
  • Company paid short- and long-term disability insurance.
  • Paid parental leave
  • 401k plan with Company match
  • 11 paid holidays


The annual base salary range for this role is $80,500 - $96,000 and the role is eligible for an annual discretionary bonus.

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