Vice President Finance Accounting

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 ResponsibilitiesFinancial Reporting & CloseLead the monthly, quarterly, and annual close process across all property and corporate entitiesPrepare consolidated and property-level GAAP financial statementsDeliver financial reporting packages to ownership, lenders, investors, and JV partnersCoordinate year-end close, audit support, and tax workpaper preparationProperty Accounting OversightLead and review property accounting across commercial office and multi-family portfoliosEstablish standardized close checklists, policies, and proceduresServe as escalation point for complex accounting and technical issuesCommercial Office & Multi-Family AccountingOversee CAM reconciliations, straight-line rent, TI allowances, and lease accounting (ASC 842)Review tenant billing, AR aging, security deposits, and deferred rent schedulesOversee residential revenue, concessions, vacancy reporting, and capital improvement accountingAccounts Receivable & Accounts PayableOversee tenant and resident billing, collections, cash applications, and bad debt reservesApprove weekly payment runs and ensure proper coding, authorization, and segregation of dutiesManage vendor master file maintenance and annual 1099 filingsProperty Management Company OversightReview monthly financial statements for the affiliated property management companyOversee management fee revenue recognition, payroll allocation, and overhead distributionManage intercompany transactions, eliminations, and reconciliationsSystems & Process LeadershipAct as primary administrator and subject matter expert for Sage Intacct (Real Estate platform)Oversee entity setup, chart of accounts, dimensions, reporting, and dashboardsManage integrations with property management platforms, bank feeds, and third-party systemsLead system improvements, automation initiatives, and user trainingCash, Debt & Lender ComplianceOversee portfolio-wide cash management, bank reconciliations, and cash flow forecastingPrepare lender compliance packages, DSCR calculations, and covenant testingManage debt schedules, interest accruals, and loan accountingBudgeting, Forecasting & Internal ControlsLead the annual budgeting process across all properties and corporate entitiesDeliver monthly variance analysis and reporting for ownershipDesign and maintain strong internal controls across the accounting organization