Manager, Property Accounting

Job Details

Job Location : IL - Chicago Corp Office - CCM - Chicago, IL Position Type : Full Time Salary Range : Undisclosed Job Category : Accounting & Finance

Description

Who We Are

Core Spaces (Core) is more than a real estate company, it's a people company. Where building relationships is just as important as building properties.

From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living.

Our six cultural values guide us every day and we strive to live them in everything we do : PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better).

Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience.

This unique approach has led to creating spaces and services that are redefining the way people live.

What We Do

Founded in 2010, Core is a vertically integrated company, focused on acquiring, developing, managing, and lending across the student housing and build-to-rent (BTR) sectors.

Its residential communities feature world-class amenities, progressive design, and hospitality-driven client service. In its award-winning student portfolio, Core currently owns and / or manages over 37,400 beds and has a pipeline of over 35,000 beds in various stages of development.

Core's BTR division currently has approximately 4,000 homes under development and in its pipeline in high growth metros across the country.

• For more information, visit www.corespaces.com .
• Portfolio and pipeline numbers as of Q1 2024

Benefits That Matter

• A culture that provides you with a sense of belonging
• Hybrid and remote work options to promote work-life balance
• Competitive pay that values your contributions
• Annual incentive to reward your achievements
• Paid unlimited PTO to disconnect or celebrate life milestones
• Paid 16 holidays, including your birthday, to disconnect and celebrate
• Paid Parental Leave that begins after 90 days
• Paid volunteer time off to give back to your community
• Monthly workshop weeks; fewer meetings & more collaboration
• Robust health plan options that begin within at least 30 days of your employment
• Monthly phone reimbursement
• Wellness allowance and perks, including a yearly subscription to a meditation app
• An environment that provides you a voice to share your perspectives
• Employee Assistance Program (EAP) for access to confidential support services
• Company retirement options including 401(k) + matching & Roth account option

Position Overview

Core Spaces seeks a dynamic and driven Property Accounting Manager to join its Chicago office who is responsible for the review and oversight of the property accounting financials, accounting month-end close, monthly variance analysis, and the coaching & development of staff.

Strong attention to detail, knowledge of GAAP, a desire to challenge the status quo and having a flexible attitude are key attributes we are seeking.

Experience within Real Estate is preferred.

What You Will Do

• Oversee and manage third-party accounting team
• Review consolidated analysis and journal entries prepared by

third- party accounting team for the entire portfolio

• Collaborate with the Joint Venture Reporting Manager as needed on monthly, quarterly, and annual financial reporting for operational entities
• Work closely with community operations staff and asset managers
• Review monthly variances from budget and assist with variance explanations and corrections
• Review / assist community operations team and asset managers with annual budget preparation
• Review and ensure compliance with accounting policies and procedures, and resolve accounting related issues
• Review ledger detail, adjusting journal entries, and supporting monthly schedules
• Review property acquisition and disposition journal entries
• Prepare the financial reporting for sold entities including completion of re-prorations between buyer and seller
• Provide guidance on Core's accounting policies by leading training sessions
• Review bank reconciliations and journal entries as needed
• Ensure property accounting team meets all internal and external deadlines
• Update and identify improvement to Standard Operating Procedures & Best Practice Memos
• Assist review / lead ad hoc projects as needed
• Occasional travel may be necessary as needed.
• Perform all other duties and tasks as assigned by management
• Must be able to complete all physical requirements of this role with or without a reasonable accommodation

Ideally, you'll have

• 1-3 years of supervisor experience and 8 years of accounting experience in Real Estate industry (required)
• Bachelor's degree in accounting or finance required; CPA or Masters' preferred
• Strong knowledge of GAAP compliancy
• Excellent communication, problem solving and interpersonal skills
• Drive and desire to learn new technologies and grow technical and functional skill sets

You'll crush it if you have experience with

• Yardi / Entrata
• Implementing process improvements and being highly adaptable
• Passion for making business processes more efficient and successful
• Ability to multi-task and manage shifting priorities in a fast-paced environment
• Acquisitions / Dispositions

Organizational Structure

• Reports to : Director, Property Accounting
• Direct Reports : N / A

Disclaimer : Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.

As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees.

We do not discriminate and believe every individual should be proud of who they are and the community they represent.

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