Wanxiang America Real Estate Group · 1 month ago
Senior Commercial Real Estate Accountant
Chicago, IL
Full-time
Onsite
Senior Level
5+ years expWanxiang America Real Estate Group is a company established in 2010 that has invested over $1.2 billion in commercial real estate across the United States. The Senior Commercial Real Estate Accountant will be responsible for providing financial information, preparing performance reports, and ensuring compliance with GAAP and regulatory standards.
Real EstateReal Estate InvestmentResidential
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
Qualification
Required
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
Bachelor's degree in accounting
Preferred
MBA or advanced degree preferred, not required
CPA preferred, not required
Benefits
Competitive base salary plus annual performance bonus.
Full benefits provided.
Company
Wanxiang America Real Estate Group
Wanxiang America Real Estate Group is a real estate investment firm.
2-10 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase