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.

Group Volunteer Days

Allotted time each quarter for individual volunteer activities.

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.

For more information please visit www.magnoliacap.com.

Job Summary:

Magnolia Capital is currently seeking an Assistant Controller to oversee the investment and property accounting functions. The Assistant Controller will also play a vital role in the design and implementation of systems, processes, and procedures of the company’s new investment fund and upcoming multifamily property management platform.

This role will support the Director of Finance in managing investor reporting, equity cash flows, preferred returns, investment acquisitions/dispositions, and other projects as needed. The Assistant Controller will work closely with the Asset Management team to provide timely, accurate, relevant financial reporting for greater insight into decision making.

The successful candidate must be entrepreneurial, self-motivated, highly organized, trustworthy, reliable, punctual, detail-oriented, and personable.

This position is based in Chicago.

Essential Duties: 

  • Manage and develop the team of two senior accountants, as well as onboarding and training for new hires as company growth dictates
  • Oversee third-party and internal property management accounting functions
  • Assist the Director of Finance in development of the property management platform, including system design and implementation and staffing requirements
  • Prepare audit-ready financial statements, supporting schedules, and draft audit reports as required by fund agreements
  • Review third-party prepared tax returns for all Magnolia entities
  • Assist the Director of Finance and asset management team in managing capital for renovations
  • Research relevant accounting issues and document findings/conclusions
  • Calculate and initiate payment for asset management and acquisition fees
  • Perform other duties as assigned

 Who we are looking for: 

  • Bachelor's Degree required in Accounting
  • 6-8 years of experience in accounting
  • CPA required
  • Previous experience with institutional real estate accounting
  • Proactive critical thinker who takes the lead in solving problems
  • Ability to manage multiple tasks and deadlines in a fast-paced environment
  • Strong written and verbal communication skills
  • Proficient with Excel and other Microsoft Office Suite products
  • Ability to collaborate and work in a team environment
  • High degree of confidentiality required

What we offer: 

Magnolia Capital offers competitive compensation levels, bonus opportunities, and ambitious growth plans.  We offer the following: medical/dental/vision/life insurance, 401(k) plan, unlimited PTO, flexible hours, casual dress code, volunteer days, and more!

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.

If interested, please complete the application process through our career page link on our corporate website.  www.magnoliacap.com/careers.



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