• Senior Property Accountant

    Bridge33 Capital (Chicago, IL)


    JOIN OUR TEAM

    Bridge33 Capital is a rapidly growing, vertically integrated real estate private equity firm focused on open-air retail real estate. The Company recently raised $458MM in its latest opportunistic fund, marking a key milestone for the company.

     

    We are seeking a Senior Property Accountant who will manage and oversee the accounting operations for a portfolio of retail real estate assets in accordance with the Generally Accepted Accounting Principles (“GAAP”). This is an in-person role based in our downtown Chicago office. Come make your mark as an integral part of Bridge33 Capital!

    MISSION

    We build relationships and create value where others don’t.

    KEY PRINCIPLES

    We’re Better Together | We’re Here to Serve | We crush our egos, and we have empathy for teammates | We stay positive | We embrace accountability, and we champion results.

    ESSENTIAL RESPONSIBILITIES

    + Perform full range of accounting processes and financial reporting for a portfolio of retail real estate assets

    + Prepare and post journal entries for fixed assets, accruals, deferred rent, prepayments, and other balance sheet accounts

    + Participate in all aspects of month end process and conduct detailed variance analysis to ensure accuracy and completeness

    + Review and analyze rent rolls, accounts receivable reports, and related financial reports to ensure alignment with general ledger balances

    + Prepare sales and use tax filings in accordance with jurisdictional requirements and regulatory guidelines as needed

    + Process weekly full cycle Accounts Payable including invoice approval workflows and vendor payment authorization

    + Develop year-end audit schedules and support external audit procedures through documentation and sampling assistance

    + Perform weekly and monthly bank reconciliations to maintain accurate cash position reporting

    + Monitor income and expense trends against approved budgets and provide variance explanations

    + Calculate, reconcile, and report monthly management fees in accordance with contractual agreements

    + Reconcile monthly tenant charges including CAM, real estate taxes, and insurance allocations

    + Prepare monthly financial packages for senior management review

    + Lead preparation of annual budgets and forecasts

    + Prepare annual tenant reconciliations for CAM, tax, and insurance recoveries

    + Collaborate with the property and asset management teams in preparation of the property operating budgets, and reforecasts

    + Manage accounting and reporting for construction projects, capital improvements and major maintenance and repair initiatives.

    + Prepare ad-hoc reports and compliance documentation for debt service and lender requirements

    + Research and resolve complex accounting issues in accordance with GAAP and industry best practices

    Requirements

    QUALIFICATIONS

    + Minimum four (4) years of progressively increasing accounting experience in retail commercial property management accounting

    + Minimum bachelor’s degree from an accredited 4-year institution with a focus in accounting, finance, or business administration

    + Advanced knowledge of the Generally Accepted Accounting Principles (“GAAP”) and hands-on experience working within an accrual based, monthly-close process

    + PC-based Microsoft Office proficiency required, including advanced Excel use and user knowledge

    + Working knowledge of Yardi real estate software preferred

    + Effective oral and written communication skills; excellent accuracy/proofreading work product; has a detailed mindset

    + Proficiency and consistency with prioritizing workload, multi-tasking, working independently with minimal supervision and meeting internal deadlines

    + Maintain highest standard of work ethics, trust, and credibility

    + Possess skills, abilities and traits that align with the company’s Key Principles

     

    Benefits

    WHAT WE OFFER

    + Fast paced and dynamic work environment, including frequent interaction with the senior management team

    + Generous time off policy

    + Company sponsored medical, dental and vision insurance

    + Company paid life insurance

    + Company paid short- and long-term disability insurance

    + Paid parental leave

    + 401k plan with Company match

    + 11 paid holidays