SENIOR COMMERCIAL REAL ESTATE ACCOUNTANT
COMPANY: Established in 2010, Wanxiang America Real Estate has a small and flat organizational structure, an extensive pool of discretionary capital and has invested more than $1.2 billion in equity in more than 120 commercial real estate investment deals across the United States. Investments have been in the Hospitality, Resort, Office, Industrial, Retail, Land, Multi-Family, Education, Mixed-Use, Condos, and Senior Housing markets.
LOCATION: West Loop, Chicago, Illinois.
REPORTING
RELATIONSHIPS: This individual reports directly to the Founder and Managing Director.
SUMMARY OF RESPONSIBILITIES:
· Provide monthly financial information to internal teams, external investors, lenders, and auditors, ensuring timely and accurate reporting.
· Prepare and present detailed performance reports, including financial metrics, operational updates, and strategic recommendations, to senior management and investors.
· Collect, organize, and validate data from investment sponsors, property managers, and other third parties to maintain comprehensive financial records.
· Review and analyze financial statements prepared by property managers to understand property operations, identify accounting issues, and implement resolutions for optimal performance.
· Research and compile data for quarterly property status reports, performance summaries, and investor updates, highlighting key metrics such as NOI, cap rates, and occupancy.
· Support annual audits, tax preparations, and corporate financial statements by gathering documentation, responding to inquiries, and ensuring compliance with GAAP and regulatory standards.
· Coordinate the accumulation and distribution of investment K-1s for submission to tax preparers, maintaining strict deadlines.
· Monitor cash flow, budgeting, and forecasting for portfolio assets, recommending improvements to enhance financial health.
· Conduct variance analysis between budgeted and actual performance, investigating anomalies and providing recommendations.
· Ensure adherence to internal controls, SOX compliance (if applicable), and industry best practices for risk mitigation.
· Assist in due diligence for acquisitions and dispositions, including financial modeling and integration of new assets.
REQUIREMENTS:
· A minimum of 5 years’ experience in an accounting firm that has exposure to commercial real estate.
· CPA certification or progress toward it is highly desirable.
· Strong knowledge of GAAP versus cash based real estate accounting principles, and financial reporting standards.
· Proficiency in real estate accounting software (e.g., Yardi, MRI, Argus) and advanced Excel skills.
· This individual should enjoy a reputation of leadership, creativity and excellent communication skills.
EDUCATION: Bachelor’s degree in accounting. MBA or advanced degree preferred, not required. CPA preferred, not required.
COMPENSATION: Competitive base salary plus annual performance bonus. Full benefits provided.
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