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Senior Property Accountant

Cullinan Properties

Cullinan Properties

Accounting & Finance, Sales & Business Development
East Peoria, IL, USA
Posted on Thursday, May 9, 2024

LOCATION: East Peoria, Illinois or Burr Ridge, Illinois

SUMMARY: A leading real estate developer is seeking a Senior Property Accountant responsible for completion of all accounting and financial statement preparation, cash flow management and budgeting for multiple properties within Cullinan Companies portfolio. Cullinan is a storied organization with an entrepreneurial spirit that provides industry-leading benefits, compensation, and growth opportunities.

DUTIES & RESPONSIBILITIES:

  • Responsible for recording all cash transactions daily for all entities.
  • Ensure that all balance sheet accounts (assets, liabilities, and equity) are reconciled on a monthly basis and any issues are brought up with the Controller. Old outstanding items should be cleared out regularly. Re-classify changes on General Ledger as required.
  • Prepare/Review monthly bank reconciliations for unusual or long-outstanding items and correct any issues.
  • Processes payables regularly and ensures payments are done in a timely manner.
  • Reconcile capital asset and depreciation / amortization activity monthly as part of month-end close process.
  • In conjunction with Lease Accounting Administrator: Prepare routine and non-routine billings: percentage rent, new tenant, annual recoveries, calendar year billings, utility billings, and special situations.
  • In conjunction with Lease Accounting Administrator: Process cash receipts and bank deposits in accordance with predetermined schedule.
  • Prepares monthly financial statements accurately and timely
  • Have in-depth understanding of operating/investor agreements for each entity and the resulting investor transactions that are recorded
  • Optional: Job-Cost Accounting including, but not limited to: Preparing bank draws, creating development and administration fees, budget updates within projects, change orders, and manual payments.
  • Assist with periodic cash flow projections and necessary cash funding requests for all entities
  • Assist Asset Management and Property Management teams in preparation of the annual budget for assigned properties.
  • Communicate with property manager on specific budget line items when an overage occurs.
  • Assist with preparation of periodic reforecast budgets for all assigned entities

POSITION REQUIREMENTS:

  • 5+ years’ experience in accounting, account reconciliations, financial statement preparation, preparation of cash flow projections and preparation of operating expense budgets
  • Be willing to work at the detail level to ensure transactions are recorded in the proper general ledger account
  • Knowledge: Has advanced knowledge of accounting, FS reporting and commercial real estate industry
  • Analyze past revenue and expense transactions to better predict future trends in same accounts
  • Understand, based on specific operating details, the split between Recoverable and Non-Recoverable expenses for each entity
  • Communication: Prepare clear and concise written and verbal communication. Be able to differentiate what type of communication, verbal or written, is needed in a given situation.
  • Leadership: Display a team-wide focus by understanding how certain issues need to be handled consistently and be willing to develop team-wide solutions.
  • Bachelor’s Degree (Accounting BS preferred)
  • Proficient with Microsoft Excel
  • Experience with commercial real estate accounting software a plus (MRI, Yardi, etc)
  • Detail oriented, highly organized, and able to prioritize workload across multiple tasks, set milestones, and track progress
  • Excellent written and verbal communication skills, able to communicate effectively and professionally
  • Desire to work in a fast-paced, high accountability environment.

KEY COMPETENCIES:

  • Integrity
  • Attention to Detail
  • Organized & Ability to Multi-Task
  • Dependable
  • Strong organizational and communication skills
  • Strong Analytical Skills
  • Interpersonal Skills
  • Flexible and Adaptable
  • Problem-Solving Skills

Why Cullinan Properties?

Cullinan Properties is a multi-disciplined, leading developer of real estate specializing in commercial and mixed-use developments and acquisitions. Cullinan Properties develops, manages, and owns mixed-use, retail, multi-family, office, governmental and medical properties throughout the United States.

We recognize that our team drives our greatest achievements. We are passionate about maintaining a fulfilling, rewarding and energetic work environment while setting the stage for your continued success. We search for entrepreneurial professionals who become personally involved in every phase of each project.

  • Meaningful Work – work closely with clients and communities to develop properties – creating jobs, fueling local economies and contributing to quality of life.
  • Changing the Game – evolving, fast paced environment with career advancement opportunities.
  • Community Builders – social opportunities with local charity organizations, including volunteer benefits.
  • Excellent Benefit Package – generous PTO, 401(k) company match, bonus opportunities, continuing education reimbursement, competitive employee health insurance package including a wellness program & more.

To learn more about Cullinan, visit www.cullinanproperties.com

To apply: email resume and 3-5 business references to careers@cullprop.com