Property Accountant

About the role

• Location
• GGP Chicago - 350 N Orleans Street, Suite 300
• Business

Headquartered in Chicago, IL, GGP is a leading retail real estate company with a portfolio of 95+ high-performing retail assets, encompassing over 95 million square feet of space across the United States. As an owner-operator, we're committed to creating vibrant destinations that bring people and brands together. With a team of 1,200+ employees and a legacy of leadership in retail real estate, we're shaping the future of the industry by delivering exceptional value to our partners and the communities we serve

If you're ready to be a part of our team, we encourage you to apply.

Position Summary

The Property Accountant is responsible for accurately recording and reporting property-level financial statements in accordance with GAAP and company policies. This role ensures timely preparation of financial statements, reconciliations, and variance analyses to support property operations. The Property Accountant also collaborates with property teams and corporate finance to maintain compliance and drive financial accuracy.

Responsibilities

• Prepare balance sheets and income statements for assigned portfolio of properties, ensuring accuracy and compliance.
• Analyze, document, and record transactions in the Company's JD Edwards general ledger, maintaining thorough supporting workpapers.
• Provide detailed explanations for all balance sheet and income statement variances.
• Calculate tenant common area maintenance ("CAM") charges according to lease agreements.
• Collaborate with property teams, financial reporting teams, and other business partners to ensure smooth financial operations.
• Document and record ownership-level transactions and adjustments for assigned portfolio based on relevant legal documentation such as debt agreements, purchase and sales contracts, and joint venture agreements.
• Stay informed on external accounting and reporting practices to understand transaction disclosures and financial trends
• Ability to apply AI tools effectively while ensuring accuracy and data integrity
• Other duties as assigned

Qualifications

• High school diploma or GED required.
• Bachelor's degree in Accounting, Business, or a related field required; CPA candidate is a plus.
• Minimum of 2 years of experience in related accounting or finance role required; experience within the real estate industry is preferred.
• Demonstrated experience preparing workpapers supporting accrual-based general ledger entries and responding to audit inquiries.
• Strong organizational and problem-solving skills with the ability to meet deadlines.
• Strong written and verbal communication skills.
• Excellent attention to detail and accuracy.
• Working knowledge of Microsoft Office Suite with intermediate-level Excel skills.
• Experience with an ERP general ledger, preferably JD Edwards or Yardi.

Compensation

• Salary type: Exempt
• Pay Frequency: Bi-weekly
• Annual Base Salary Range: $70,000 - $90,000
• Annual Bonus: 10%

Benefit Information

• Competitive compensation
• Medical, Dental and Vision beginning day 1
• 401(k) Company matching
• 401(k) Vests on Day 1
• Career development programs
• Charitable donation matching
• Generous paid time off (i.e., vacation, personal holidays, paid sick time)
• Paid Volunteer Hours
• Paid Parental Leave
• Family planning assistance including IVF, surrogacy, and adoption options
• Wellness and mental health resources
• Pet insurance offering
• Childcare Assistance
• Commuter benefits
• A culture on our values of Act with Integrity, Build Mutual Trust, Take Initiative and Win Together.

#GGP