Sr. Accountant

About the role

Magnolia Capital is a Chicago-based real estate investment firm focusing on residential real estate. Founded in 2016, Magnolia aims to redefine rental housing investing through a technology-forward platform and sound investment principles. The firm manages properties across the U.S., offering a unique blend of entrepreneurial culture and seasoned business resources.

Responsibilities

• Support the Accounting Manager and Property Management team with set up and transition of new properties
• Coach, train, and provide review support to junior team members
• Oversee and review monthly, quarterly, and yearly information from related-party property management accounting
• Compare financial results to budget and draft variance explanations
• Review property level payables and receivables; inquire of property management team about unusual activity or past due balances
• Review and maintain property fixed asset records, including GAAP and tax depreciation
• Enter/import property level financials into corporate accounting system
• Aid the Controller and asset management team in managing capital for renovations
• Research relevant accounting issues and document findings/conclusions
• Reconcile all parent company cash, investment, and equity accounts
• Calculate and initiate payment for asset management and acquisition fees
• Aid in the development and implementation of accounting policies and procedures
• Perform monthly, quarterly, and year-end closings of general ledger in accordance with GAAP
• Perform other duties as assigned

Requirements

• Bachelor's Degree in Accounting
• 5-7 years of experience in accounting
• Experience with Yardi and RealPage preferred
• CPA certification preferred
• Strong working knowledge of GAAP
• Excellent time management skills
• Strict attention to detail
• High degree of confidentiality required
• Strong written and verbal communication skills
• Proficiency with Excel and other Microsoft Office Suite products
• Ability to collaborate and work in a team environment
• Ability to meet stringent deadlines in a fast-paced, results-oriented environment

Qualifications

• Self-starter, organized, trustworthy, reliable, punctual, detail-oriented, and personable
• Based out of Chicago HQ

Skills

• Financial analysis
• Property management
• Accounting software proficiency (Yardi, RealPage)
• GAAP compliance
• Team collaboration
• Time management

Benefits

• Competitive compensation
• Bonus opportunities
• Robust benefits package including medical/dental/vision/life insurance, 401(k) plan, flexible time off, hybrid schedule, business casual dress code, volunteer days, and more!
• Career growth and advancement opportunities

Pay

Competitive compensation package

Schedule

Hybrid schedule