Vice President Finance Accounting

Job description

The Newcastle Search Group has been retained by Marc Realty, a privately held real estate investment and management firm with a diversified portfolio of commercial office and multi-family residential assets, to identify a Vice President, Accounting & Finance to join their leadership team in downtown Chicago.

This is a highly visible leadership role reporting directly to the Chief Operating Officer , with full ownership of the accounting and financial reporting functions across a substantial real estate portfolio. The Vice President will lead a broad accounting organization including property accounting, accounts receivable, accounts payable, and oversight of the Controller for the affiliated property management company.

Key Responsibilities

Lead the monthly, quarterly, and annual close process across all property and corporate entities

Prepare consolidated and property-level GAAP financial statements

Deliver financial reporting packages to ownership, lenders, investors, and JV partners

Coordinate year-end close, audit support, and tax workpaper preparation

Property Accounting Oversight

Lead and review property accounting across commercial office and multi-family portfolios

Establish standardized close checklists, policies, and procedures

Serve as escalation point for complex accounting and technical issues

Commercial Office & Multi-Family Accounting

Oversee CAM reconciliations, straight-line rent, TI allowances, and lease accounting (ASC 842)

Review tenant billing, AR aging, security deposits, and deferred rent schedules

Oversee residential revenue, concessions, vacancy reporting, and capital improvement accounting

Accounts Receivable & Accounts Payable

Oversee tenant and resident billing, collections, cash applications, and bad debt reserves

Approve weekly payment runs and ensure proper coding, authorization, and segregation of duties

Manage vendor master file maintenance and annual 1099 filings

Property Management Company Oversight

Review monthly financial statements for the affiliated property management company

Oversee management fee revenue recognition, payroll allocation, and overhead distribution

Manage intercompany transactions, eliminations, and reconciliations

Systems & Process Leadership

Act as primary administrator and subject matter expert for Sage Intacct (Real Estate platform)

Oversee entity setup, chart of accounts, dimensions, reporting, and dashboards

Manage integrations with property management platforms, bank feeds, and third-party systems

Lead system improvements, automation initiatives, and user training

Oversee portfolio-wide cash management, bank reconciliations, and cash flow forecasting

Prepare lender compliance packages, DSCR calculations, and covenant testing

Manage debt schedules, interest accruals, and loan accounting

Budgeting, Forecasting & Internal Controls

Lead the annual budgeting process across all properties and corporate entities

Deliver monthly variance analysis and reporting for ownership

Design and maintain strong internal controls across the accounting organization

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Worksite address

chicago, IL, 60290, US

Who can apply

Review the original listing for work authorization, qualifications and employer requirements.