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 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.

This position is based in Chicago.

Essential Duties: 

• 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: 

• Bachelor's Degree required in Accounting
• 3-5 years of experience in accounting
• CPA strongly preferred
• Previous experience with institutional real estate accounting
• Strong working knowledge of
• 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.  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.