SENIOR LEASE ACCOUNTANT (REAL ESTATE MANAGEMENT)

Cook County Offices

$87K — $96K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Accounting, Finance, or related field required
  • 4 years experience in lease or real estate accounting required
  • Mastery of ASC 842 lease accounting standards and financial reporting
  • Skilled in lease administration software (e.g., CoStar, Tririga)
  • Advanced proficiency in Excel for data modeling and reporting

Responsibilities

  • Manage full accounting lifecycle for real estate and asset leases
  • Ensure compliance with ASC 842 standards
  • Perform complex reconciliations and support month-end closing
  • Collaborate with legal and real estate teams for strategic reporting
  • Oversee administrative tasks for diverse agreements and maintain asset accuracy
  • Recommend improvements to internal controls and processes
  • Lead projects involving financial system transitions and data migrations

Benefits

  • Medical, Dental, and Vision coverage
  • Basic Term Life Insurance
  • Pension Plan
  • Deferred Compensation Program
  • Employee Assistance Program
  • Paid Holidays, Vacation, and Sick Time
  • Public Service Loan Forgiveness Program eligibility
  • Hybrid work environment with telecommuting options
Full Job Description
Job Summary

Handle the comprehensive accounting lifecycle for real estate and asset leases, ensuring compliance with Accounting Standards Codification (ASC) Topic 842 standards. Serve as a functional expert for lease data integrity and lease accounting accuracy. Perform complex reconciliations, supports month-end close processes, and collaborates with legal and real estate departments to ensure strategic financial reporting and audit readiness. Oversee the administration of diverse agreements including license and public way agreements to ensure the accuracy of assets and lease liabilities. Recommend enhancements to internal controls and lease accounting procedures to mitigate financial risk and streamline multi-departmental workflows.

Minimum Qualifications
  • Graduation from an accredited college or university with a Bachelor's Degree or higher in Accounting, Finance,or a directly related field is required.and
  • Four (4) years of experience in lease accounting, real estate accounting, or directly related experience is required, or
  • An equivalent combination of education and/or experience is required.
Candidates who are contacted will be required to produce original required documents (e.g., current driver's license, diploma, school transcript, certifications, etc.) listed on the Notice of Job Opportunity within five (5) days of being extended an offer, in writing, by the Bureau Chief of BHR (or designee). Candidates will be notified of how to submit the required documents.

*Degrees awarded outside of the United States, with the exception of those awarded in one of the United States territories and Canada, must be credentialed by the World Education Services (WES), Educational Credential Evaluators (ECE) , or a National Association of Credential Evaluation (NACES) member organization.

KNOWLEDGE, SKILLS, ABILITIES, AND OTHER CHARACTERISTICS

  • Knowledge of US GAAP and specific mastery of ASC 842 lease accounting standards and financial reporting requirements.
  • Ability to identify errors, inconsistencies, and non-compliance with applicable accounting standards and internal controls.
  • Skill in utilizing lease administration software (e.g., CoStar, Tririga) and advanced Excel functions for data modeling and reporting.
  • Ability to evaluate the effectiveness of existing financial systems/procedures and recommend strategic process improvements.
  • Ability to organize and lead projects involving financial system transitions, reporting activities, and data migrations.
  • Skill to effectively collaborate with legal, real estate, and government revenue departments.
  • Ability to maintain rigorous control over accounting processes to ensure data integrity and compliance with regulatory standards.
  • Knowledge in tracking complex lease terms, escalations, and multi-location portfolio documentation.

Physical Requirements:
Sedentary Work involves exerting up to 10 pounds of force occasionally or a negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects. Sedentary work involves sitting most of the time but may involve walking or standing for brief periods of time.

Please contact [email protected] for inquiries about this position

The duties listed are not set forth for purposes of limiting the assignment of work. They are not to be construed as a complete list of the many duties normally to be performed under a job title or those to be performed temporarily outside an employee's normal line of work.

VETERAN'S PREFERENCE

When applying for employment with Cook County Government, preference is given in the application process to honorably discharged Veterans who have served in the Armed Forces of the United States for more than 180 consecutive days, or during War Time. To take advantage of this preference a Veteran must:
  • MEET THE MINIMUM QUALIFICATIONS FOR THE POSITION.
  • IDENTIFY THEMSELVES AS A VETERAN ON THEIR EMPLOYMENT APPLICATION BY ANSWERING YES TO THE QUESTION "Are you a military veteran?"
  • ATTACH A COPY OF THEIR DD 214, DD 215 or NGB 22 (NOTICE OF SEPARATION) AT TIME OF APPLICATION FILING. IF YOU HAVE MULTIPLE DD 214S, 215S, OR NGB 22S, PLEASE SUBMIT THE ONE WITH THE LATEST DATE. COAST GUARD MUST SUBMIT A CERTIFIED COPY OF THE MILITARY SEPARATION FROM EITHER THE DEPARTMENT OF TRANSPORTATION (BEFORE 911) OR THE DEPARTMENT OF HOMELAND SECURITY (AFTER 911).

The Cook County Department of Veterans Affairs can assist you with obtaining a certified DD214 and having it recorded for you at no charge. Please contact [email protected]

VETERAN MUST PROVIDE ORIGINAL APPLICABLE DISCHARGE PAPERS AT TIME OF INTERVIEW.

Group and Voluntary Benefits Offered:
  • Medical, Dental, and Vision
  • Basic Term Life Insurance
  • Pension Plan
  • Deferred Compensation Program
  • Employee Assistance Program
  • Paid Holidays, Vacation, and Sick Time
  • Voluntary Benefits
  • You May Qualify for the Public Service Loan Forgiveness Program (PSLF)
  • For further information on our excellent benefits package, please click on the following link: http://www.cookcountyrisk.com/
  • For eligible employees the County has a hybrid work environment which allows employees telecommuting and flexible scheduling options.

Salary Range: $87,470 - $96,607/Yearly

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