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Property Accountant
Career Insights for Real Estate / Property Accountant
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Scorecard
Based on Illinois data
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What they do
A Real Estate or Property Accountant prepares financial records and reports for real estate transactions and provides accounting for commercial or residential properties. Maintains accounts and tracks expenses related to property management. May work for a commercial real estate firm, real estate developer or investor, or property owner.
$76,469 / year median in Illinois
-2% projected decline
Job Description
Property Accountant Gurnee, IL $70,000 — $80,000 Posted 2 weeks ago Gurnee, IL 60031, USA Property Accountant Our client is a well‑established real estate organization with over 30 years of proven success . As the company continues to expand its portfolio, they are seeking a Property Accountant to join their growing accounting team. They are looking for someone with strong real estate accounting experience who can support a dynamic environment and contribute to continued organizational growth. Why Work Here as a Property Accountant? Over 30 years of industry presence and consistent growth Great work‑life balance Casual, friendly, team‑oriented culture Responsibilities of the Property Accountant Prepare monthly journal entries Reconcile bank accounts, escrows, and reserve accounts Maintain supporting workpapers for key balance sheet accounts (prepaids, accruals, mortgage payable, interest payable, real estate tax payable, tenant AR/AP, etc.) Reconcile capital activity for properties Prepare journal entries related to acquisitions, dispositions, and financing activity Analyze tenant allowances, lease commissions, and other capital items for accurate classification Provide consolidated financial and operating reporting support for the multifamily portfolio Process owner distributions and lender draws Assist with tax return preparation and provide supporting documentation Work with external auditors for year‑end audits and tax filings Assist with preparation and review of annual property budgets Participate in special projects and prepare ad hoc reporting Support tenant reconciliations and annual CAM/tax estimates Experience & Qualifications 1+ years of accounting experience Real estate accounting experience required Bachelor's degree in Accounting or related field EB-8920065689