Property Accountant

Property Accountant

Newcastle Investors / Reside Living - Chicago, IL

Reporting To: Director, Finance

Salary Range:  65K-80K

Who We Are

Newcastle Investors is a real estate investment and operating company focused on multifamily and mixed-use properties throughout urban Chicago. With more than 35 buildings, 2,744 apartment homes, and approximately $1.2 billion in assets, we combine entrepreneurial thinking with institutional backing to deliver long-term value for our residents, capital partners, and neighborhoods.

For more than two decades, our success has been driven by a collaborative, values-driven team that believes great real estate is about more than buildings—it is about creating places where people can live, connect, and thrive. At Newcastle, initiative is encouraged, ideas are welcomed, and every team member has the opportunity to make a meaningful impact. Join a team where your ideas are valued, your contributions matter, and your career can grow alongside one of Chicago’s leading multifamily owners and operators.

What You Will Do

The ideal candidate will be responsible for the timely and accurate preparation/management of the full cycle accounting for an assigned portfolio of properties. It is essential that this candidate brings analytical, organizational and attention to detail skills to best support the accounting team.

Responsibilities

• Prepare accurate and timely financial statements, including general ledgers, income statements, balance sheets, cash flow statements and variance analyses
• Prepare bank reconciliations, AR and AP subsidiary to General Ledger tie outs for assigned entities to ensure integrity of all financial data
• Record and analyze journal entries, accruals, prepaids and other accounting transactions in accordance with GAAP and company policies
• Oversee Accounts Receivable, process tenant receipts, charges and Accounts Payable for check processing
• Monitor cash activity
• Prepare detailed monthly and year-end workpapers for key balance sheet and income statement accounts
• Prepare and distribute quarterly financial reports requested by various lenders

• Post/review retail tenant billings, rent rolls, CAM reconciliations and other property related transactions
• Coordinate monthly, quarter and year-end close activities while meeting stablished deadlines
• Collaborate with Property Management, Asset Management and other teams to resolve accounting issues, explain financial results, and support operational decision-making
• Support annual budgeting, forecasting and internal/external audit processes

• Prepare/file state, county, and city tax filings
• Understand and comply with GAAP and Internal Policy & Procedures
• Assist with special projects and other accounting initiatives as assigned by management

REQUIREMENTS

• Bachelor’s degree in Accounting, Finance or a related field
• 2+ years of Accounting experience. Real Estate Accounting preferred
• Experience with Yardi or similar property management ERP is preferred
• Intermediate level proficiency in Microsoft Excel is required
• Strong analytical and problem-solving skills
• Excellent written and verbal communication skills
• Strong attention to detail, accuracy and organizational skills are required
• Ability to multitask and prioritize your workload
• Commitment to continued professional growth and learning

Newcastle Investors is committed to conducting all employment practices for employees at all levels without regard to race, creed, genetic characteristics, gender, color, religion, sex, national origin or ancestry, age, mental or physical disability, marital status, sexual orientation, veteran/military status, gender identity/status, pregnancy, childbirth or related medical conditions, or any other characteristic protected by applicable state, federal or local laws, except where a bona fide occupational requirement exists.

Newcastle Investors is an E-Verify employer. E-Verify is an Internet-based system operated by the Department of Homeland Security (DHS) in partnership with the Social Security Administration (SSA) that allows participating employers to electronically verify the employment eligibility of their newly hired employees in the United States.