Accountant
Accountant
Our Client - Real Estate company
- Downers Grove, IL
Job description
We are seeking a versatile accountant to manage financial aspects of short-term rental properties while incorporating payroll and business accounting responsibilities. The ideal candidate will possess strong accounting expertise, knowledge of the rental property industry, payroll systems, and business financial management principles. This position involves handling dynamic financial data, ensuring compliance with tax regulations, and driving profitability for property owners, property management companies, or real estate investors.
Core Responsibilities
- Financial Record Keeping
- Maintain and update financial records for all short-term rental properties, including income from bookings and expenses such as cleaning services, utilities, maintenance, and platform fees.
- Record transactions and reconcile bank statements, ensuring accurate and up-to-date bookkeeping
- Oversee day-to-day financial records for business operations, ensuring all expenditures and revenues align with company goals
- Tax Preparation and Compliance
- Calculate and file applicable taxes, including local occupancy taxes, property taxes, payroll taxes, and federal income taxes
- Ensure compliance with local, state, and federal tax regulations applicable to short-term rentals and business operations
- Prepare tax documentation for employees, contractors, and vendors
- Payroll Management
- Process payroll for company staff, ensuring timely and accurate payments
- Manage payroll deductions, including taxes, benefits, and other withholdings.
- Track employee hours, overtime, vacation pay, and bonuses to ensure compliance with labor laws and company policies
- Prepare payroll reports for management review and auditing purposes
- Business Accounting
- Develop budgets and forecasts for business operations and rental properties
- Analyze financial performance to identify areas for cost savings and revenue improvement
- Advise on financial strategies to optimize profitability and investment opportunities
- Ensure accurate reporting of business assets, liabilities, and equity
Qualifications/Skills
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field
- CPA certification is a plus but not mandatory
- 2-3 years of experience in accounting or financial management
- Experience working with short term rental platforms is highly desirable
- Proficient in accounting software such as QuickBooks, Xero, or similar platforms
- Strong knowledge of Excel, including advanced functions like pivot tables, VLOOKUP and financial modeling
- Familiarity with property management software or tools is an advantage
- Excellent organizational and time-management skills to handle multiple properties and assignments effectively
- Strong analytical and problem-solving abilities to interpret financial data and provide actionable insights
- Effective communication skills for presenting financial reports and collaborating with stakeholders
- Attention to detail to ensure accuracy in all financial documents and transactions
Company Benefits/Perks
- This position is part-time, with the potential to transition to full-time based on the size and scope of the portfolio of properties managed
- The job may offer remote work flexibility, especially for accountants who leverage cloud-based tools
All applicants applying for U.S. job openings must be legally authorized to work in the United States and are required to have U.S. residency at the time of application.
If you are a person with a disability needing assistance with the application, or at any point in the hiring process, please contact us at support@themomproject.com.
Screening Questions
- Can you briefly walk me through your relevant work experience?
- Do you have any experience with Short Term Rental platforms?
- What is your availability to start?
- Are you local to our Downers Grove, IL office? Would you be able to commute in person as needed??