Senior Commercial Real Estate Accountant

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.

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.