Manager Property Accounting
Manager Property Accounting
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$ 115000 - 125000
1 Vacancy
Job Description
Job Details
Description
Who We Are
Core Spaces (Core) is more than a real estate company its a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live) GRIT (We Got This) LIFT (Help Each Other Win) SHINE (Bring Your Full Self) UPHOLD (Never Break Trust) GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.
What We Do
Founded in 2010 Core is a vertically integrated company focused on acquiring developing managing and lending across the student housing and buildtorent (BTR) sectors. Its residential communities feature worldclass amenities progressive design and hospitalitydriven client service. In its awardwinning student portfolio Core currently owns and/or manages over 45600 beds* and has a pipeline of over 45000 beds* in various stages of development. Cores BTR division currently has approximately 3000 homes under development and in its pipeline in highgrowth metros across the country. For more information visit www.corespaces.
*Portfolio and pipeline numbers as of November 2024
Benefits That Matter
- A culture that provides you with a sense of belonging
- Hybrid or remote work options may vary by role to support worklife balance
- Competitive pay that values your contributions
- Incentives designed to reward your achievements
- Paid unlimited PTO to disconnect or celebrate life milestones
- Paid 15 holidays including your birthday to disconnect and celebrate
- Paid Parental Leave that begins after 90 days
- Paid volunteer time off to give back to your community
- Monthly workshop weeks; fewer meetings & more collaboration
- Robust health plan options that begin within at least 30 days of your employment
- Monthly phone reimbursement
- Wellness allowance and perks including a yearly subscription to a meditation app
- An environment that provides you a voice to share your perspectives
- Employee Assistance Program (EAP) for access to confidential support services
- Company retirement options including 401(k) matching & Roth account option
Position Overview
Core Spaces seeks a dynamic and driven Property Accounting Manager to join its Chicago office who is responsible for the review and oversight of the property accounting financials accounting monthend close monthly variance analysis and the coaching & development of staff. Strong attention to detail knowledge of GAAP a desire to challenge the status quo and having a flexible attitude are key attributes we are seeking. Experience within Real Estate is preferred.
What You Will Do
- Oversee and manage thirdparty party accounting team
- Review consolidated analysis and journal entries prepared by third party accounting team for the entire portfolio
- Oversee a team of accountants by providing coaching and mentorship to ensure comprehension of accounting practices and adherence to key deliverable deadlines
- Collaborate with the Joint Venture Reporting Manager as needed on monthly quarterly and annual financial reporting for operational entities
- Work closely with community operations staff and asset managers
- Review monthly variances from budget and assist with variance explanations and corrections
- Review/assist with annual budget preparation
- Lead the distribution of financial reporting packages to lenders and partners
- Review and ensure compliance with accounting policies and procedures and resolve accounting related issues
- Review ledger detail adjusting journal entries and supporting monthly schedules
- Review property acquisition and disposition journal entries
- Manager the financial reporting for sold entities including completion of reprorations between buyer and seller
- Provide guidance on Cores accounting policies by leading training sessions as required
- Review bank reconciliations and journal entries as needed
- Ensure property accounting team meets all internal and external deadlines
- Update and identify improvement to Standard Operating Procedures & Best Practice Memos
- Assist review/lead ad hoc projects as needed
- Occasional travel may be necessary as needed
- Perform all other duties and tasks as assigned by management
- Must be able to complete all physical requirements of this role with or without reasonable accommodation
Ideally youll have
- 13 years of supervisor experience & 8 years of accounting experience in Real Estate industry (required)
- Bachelors degree in accounting or finance required; CPA or Masters preferred
- Strong knowledge of GAAP compliancy
- Excellent communication problem solving and interpersonal skills
- Drive and desire to learn new technologies and grow technical and functional skill sets
Youll crush it if you have experience with
- Yardi/Entrata
- Implementing process improvements and being highly adaptable
- Passion for making business processes more efficient and successful
- Ability to multitask and manage shifting priorities in a fastpaced environment
- Acquisitions/Dispositions
Organizational Structure
Reports to: Senior Director Property Accounting
Direct Reports: Senior Associate Property Accounting
Disclaimer: Please note that job responsibilities reporting lines and duties outlined in this job description are subject to change to meet the evolving needs of the organization.
As an Equal Opportunity Employer Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.
Additional Compensation:Employees may be eligible for discretionary bonuses typically ranging between 1015 of base salary annually depending on individual and organizational performance.
Required Experience:
Manager
Employment Type
Full-Time
