Careers

Flower

Your career with Magnolia Capital

Here at Magnolia Capital, we are always looking to add talented people to our growing team. We offer a collaborative, entrepreneurial environment with an established and profitable company. If you are a motivated, hardworking individual with a passion to learn, we would like to hear from you.

Benefits

Comprehensive medical, dental and vision insurance for employees and family.

Health Savings Account and Flexible Savings Account options.

401(k) with Employer Match.

Short term and long term disability coverage.

Life Insurance.

Wellness

Access to a newly renovated on-site gym, locker rooms and fitness classes.

Periodic catered healthy breakfasts, lunches and snacks.

Office Location

Location convenient to public transportation.

Walking distance from Union Station & Ogilvie Station.

Numerous restaurants, coffee shops and bars in walking distance from the office.

Food & Drink

Unlimited coffee, tea and sparkling water.

Unlimited healthy snacks available.

On-site full service café and cafeteria.

Equipment

Light-weight, speedy laptops.

Multiple monitors.

Career Advancement

Merit-based promotional opportunities.

Performance bonuses and incentives.

On the job training for recent graduates.

Current Positions

Magnolia Capital is a real estate investment company focused on multifamily assets within the United States.  The company seeks to identify and execute on compelling, institutional quality multifamily investment opportunities in primary and secondary markets throughout the country.

 

Based in Chicago, Magnolia Capital was founded in August 2016 with a focused vision-- to redefine multifamily investing as we know it through empowering a world class team with a technology forward platform and sound investment principles.  The company has a discretionary equity fund and seeks to grow the business with the help of talented, thoughtful and determined team members.

 

We offer the culture and opportunity of an entrepreneurial start-up, supported by the scale, stability, and balance sheet resources typically found in a seasoned business.

Job Summary:  

We are currently searching for a Senior Accountant to assist in building out corporate and property financial reporting and accounting functions, including accounting system implementation. This role will assist the Director of Finance in all accounting functions for a growing portfolio of institutional quality, multifamily properties including the review of all disbursements, accounts receivable, and general ledger data and the preparation of reconciliations and other analysis as needed.  The Senior Accountant will work closely with third party property manager accounting functions to ensure accurate and timely financial reporting.  The successful candidate must be a self-starter, organized, trustworthy, reliable, punctual, detail-oriented, and personable.

Essential Duties:        

Additional responsibilities include, but are not limited to:                                    

  • Oversee and review monthly, quarterly, and yearly information from third party property management accounting
  • 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
  • Assist the Director of Finance and asset management team in managing capital for renovations
  • Research relevant accounting issues and document findings/conclusions
  • Provide support for year-end audits
  • Reconcile all parent company cash, investment, and equity accounts
  • Assist in preparation of tax filings for corporate and fund entities
  • Calculate and initiate payment for asset management and acquisition fees
  • Assist in 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

 Who We Are Looking For:  

The ideal candidate will meet the following attributes:

  • Bachelor's Degree required in Accounting
  • 3-5 years of experience in accounting
  • CPA required
  • Previous experience with institutional real estate accounting
  • Strong working knowledge of GAAP
  • Excellence time management skills
  • Strict attention to detail
  • High degree of confidentiality required
  • Strong written and verbal communication skills
  • Proficient 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

What We Offer: 

Magnolia Capital offers competitive compensation levels, bonus opportunities, and ambitious growth plans.  Standard benefits are also offered such as medical/dental/vision/life insurance, 401(k) plan, and flexible paid time off and hours. 

Promoting our associates’ career growth and providing opportunities for advancement is a cornerstone value of our company.  Our startup culture will allow for the best and brightest talent to excel in an entrepreneurial setting, while our institutional funding and experience will offer the ability to execute an ambitious growth plan for the company.   


Magnolia Capital is an equal opportunity employer. Magnolia Capital prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, national origin, age, disability or genetic information.



Apply for this role
Magnolia Capital is a real estate investment company focused on multifamily assets within the United States. The company seeks to identify and execute on compelling, institutional quality multifamily investment opportunities in primary and secondary markets throughout the country.

Based in Chicago, Magnolia Capital was founded in August 2016 with a focused vision-- to redefine multifamily investing as we know it through empowering a world class team with a technology forward platform and sound investment principles. The company has a discretionary equity fund and seeks to grow the business with the help of talented, thoughtful and determined team members.

We offer the culture and opportunity of an entrepreneurial start-up, supported by the scale, stability, and balance sheet resources typically found in a seasoned business.

For more information please visit www.magnoliacap.com.

Job Summary:

We are currently searching for a Capital Project Manager. Reporting initially to the Chief Executive Officer, the Capital Project Manager’s primary focus will be to oversee all construction projects from beginning to end in a timely and cost-effective manner while upholding high quality. This role will have responsibility for project management in excess of $20 million in open multifamily construction projects at any point in time. The ideal candidate will thrive in a fluid and ever-changing environment with the willingness take initiative and ownership over a broad range of assignments in partnership the department leader. Compensation level will be commensurate with experience plus significant opportunities for bonuses.

Essential Duties:

Additional responsibilities include, but are not limited to:

• Manage multiple projects simultaneously with previously established expectations.
• Work with existing third-party property managers to develop an initial capital schedule and provide detail to schedule as required for project. Once schedule is developed and sequenced, update, maintain, communicate, and help manage all subcontractors and vendors to the schedule.
• Use budget projections as a guide for determining scope of work. Review capital bids submitted by third party property managers and recommend bid awards to most competitive contractor.
• Establish and monitor administrative procedures for the project. These procedures are to conform to established policies and procedures of Magnolia Capital.
• Keep informed on and ensure that all requirements of insurance, safety and labor relations are met.
• Develop, review, approve and implement project budgets, schedules and contract bid documents.
• Assure that those individuals whose functions require knowledge and understanding of the general contract and subcontract requirements, receive and understand the information.
• Initiate, establish and maintain working relationships with third party managers, general contractors and subcontractors to facilitate construction activities.
• Review and approve subcontractor, vendor payment applications and miscellaneous invoices.
• Ensure timely and accurate billings and accounts receivables.
• Participate in regularly scheduled project staff meetings.
• Test all systems and functions of each property to ensure they work appropriately.
• Adhere to budgets, timelines and standards.
• Utilize problem solving and resourceful mindset.
• Identify continuous improvement opportunities throughout the construction process.
• Manage action plans and project plans and review with management.
• Manage Closeout process.
• Assist with special projects and other duties as assigned.

Who We Are Looking For:

The ideal candidate will meet the following attributes:

• Bachelor’s Degree required, preferably in Project Management, Engineering or Construction Management (BSCE, BSCM, BSAE, etc.)
• 3-10 years of experience in Project Management
• Multifamily real estate construction management experience highly preferred
• Must have strong passion to learn about real estate investment and development
• Strong analytical and quantitative skills
• Excellent interpersonal and communication skills
• Strong attention to detail and deadlines
• Ability to meet stringent deadlines in a fast paced, results-oriented environment
• Demonstrated success in management of real estate capital projects
• General understanding the essential job functions, duties and responsibilities of a Superintendent
• Proficient in PC-based scheduling and spreadsheet applications including Excel and Word
• Working knowledge of institutional real estate management software is preferred
• Ability to prepare construction schedules and cost estimates
• Experience pulling permits and working with building officials
• Experience scoping and estimating residential rehab projects preferred
• Knowledge of construction practices sequences
• General understanding of electrical, plumbing, carpentry and HVAC

What We Offer:

Magnolia Capital offers competitive compensation levels, bonus opportunities, and ambitious growth plans. Standard benefits are also offered such as medical/dental/vision/life insurance, 401(k) plan, and flexible paid time off and hours.

Promoting our associates’ career growth and providing opportunities for advancement is a cornerstone value of our company. Our startup culture will allow for the best and brightest talent to excel in an entrepreneurial setting, while our institutional funding and experience will offer the ability to execute an ambitious growth plan for the company.

Magnolia Capital is an equal opportunity employer. Magnolia Capital prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, national origin, age, disability or genetic information.

Apply for this role
Magnolia Capital is a real estate investment company focused on multifamily assets within the United States. The company seeks to identify and execute on compelling, institutional quality multifamily investment opportunities in primary and secondary markets throughout the country.

Based in Chicago, Magnolia Capital was founded in August 2016 with a focused vision-- to redefine multifamily investing as we know it through empowering a world class team with a technology forward platform and sound investment principles. The company has a discretionary equity fund and seeks to grow the business with the help of talented, thoughtful and determined team members.

We offer the culture and opportunity of an entrepreneurial start-up, supported by the scale, stability, and balance sheet resources typically found in a seasoned business.

For more information please visit www.magnoliacap.com.

Job Summary:

We are currently searching for a Director of Operations. Reporting directly to the Chief Executive Officer, the Director of Operations primary focus will be to oversee the property operations of the Company’s rapidly growing portfolio of institutional quality, multifamily assets. The position will initially have responsibility to manage the interaction with existing third-party property managers, however the ideal candidate will be capable of leading the build out of an internal property management platform in the future. The successful candidate will implement effective processes, to the extent that they are not already in place, in order for the firm to achieve its operational and financial goals.

Essential Duties:

Additional responsibilities include, but are not limited to:

• Provide day-to-day oversight of third party property management firms.
• Represent the firm with clients, investors and business partners.
• Evaluate and understand each marketplace through developing and updating market material to take advantage of current market conditions to achieve maximum rental rates at optimal occupancy, while providing high quality resident service.
• Ensure that the properties are being operated in a quality manner in accordance with the company standards, policies, and initiatives and communicate best practices as appropriate.
• Assess renovation efficiency within existing and new portfolio assets.
• Identify troubled properties and work with managers to recommend property improvement plans.
• Work with Asset Management to develop yearly operating budgets, marketing plans and quarterly forecasts and oversee accurate preparation and conveyance of all operational and financial data to the owner as required.
• Identify and implement programs to meet asset preservation goals; ensure all physical aspects of the community are fully functional, safe and attractive and regular property inspections are completed.
• Partner with management regarding hiring, coaching, training and retaining the best talent available.
• Monitor community pricing strategy and oversee the development and implementation of rent renewal strategies and sales and marketing plans.
• Participate in acquisitions and redevelopments and make recommendations to senior management.
• Assist in developing, monitoring and modifying company policies, procedures and standards as they relate to multifamily property management.
• Assist with special projects and other duties as assigned.

Who We Are Looking For:

The ideal candidate will meet the following attributes:

• Bachelor’s Degree required, preferably in Finance, Accounting, or Business Administration
• 10 years of institutional property management experience gained in apartment operations
• Experience with value-add renovations and lease-ups
• IREM Certifications, Certified Property Manager (CPM), or Accredited Residential Manager (ARM) highly preferred
• Knowledge of accounting principles and practices, banking, and the analysis and reporting of financial data
• Proficient in Excel
• Knowledge and proficiency of institutional property management software; RealPage is preferred
• High energy level, entrepreneurial, and sense of ownership
• Demonstrated integrity and the ability to communicate a clear set of values and high standards
• Collaborative and team-oriented professional style with a strong customer service orientation
• Results-oriented and a commitment to excellence
• The successful candidate will demonstrate the ability to be strategic while also being hands on to ensure proper execution of operational matters
• Superior oral and written communication skills and the ability to maximize relationships with senior executives within the firm and with outside constituents
• Ability to consistently maintain goal of bottom line success
• The successful candidate will be organized, level-headed, and fact-based

What We Offer:

Magnolia Capital offers competitive compensation levels, bonus opportunities, and ambitious growth plans. Standard benefits are also offered such as medical/dental/vision/life insurance, 401(k) plan, and flexible paid time off and hours.

Promoting our associates’ career growth and providing opportunities for advancement is a cornerstone value of our company. Our startup culture will allow for the best and brightest talent to excel in an entrepreneurial setting, while our institutional funding and experience will offer the ability to execute an ambitious growth plan for the company.

Magnolia Capital is an equal opportunity employer. Magnolia Capital prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, national origin, age, disability or genetic information.

Apply for this role