Real Estate Accountant Intern

Job Description

Real Estate Accounting Summer Intern | The Inland Real Estate Group of Companies, Inc.

The Tone:
This is a summer internship at The Inland Real Estate Group of Companies, Inc., located in Downers Grove, Illinois. Inland is one of the nation’s largest commercial real estate and finance groups, with over 50 years of experience in diverse real estate facets including property management, leasing, acquisition, and development. This role is a ten-week rotational program designed to provide significant exposure to fund accounting, property accounting, and SEC reporting departments within the commercial real estate industry. The intern will gain hands-on experience and training in accounting, financial reporting, and analysis, making it a crucial step for young professionals.

The TL;DR
• Role: Internship
• Type: Summer (40 hours per week)
• Location: In-person Downers Grove, IL
• Pay: $25 hourly
• Team: Rotational program across Fund Accounting, Property Accounting, and SEC Reporting teams within IREIC.
• Mission: To introduce young professionals to the commercial real estate industry through hands-on learning and training in accounting and financial analysis.
• Tech Stack: Yardi, Excel, Word, PowerPoint, Active Disclosure, XBRL

What You’ll Actually Do
• Assist in maintaining REIT and property financial records in Yardi, ensuring adherence to US GAAP and accrual accounting principles.
• Support the monthly close process by preparing consolidated REIT books and property workbooks, including detailed variance analyses.
• Contribute to the preparation of various financial reports, including monthly/quarterly/annual reports, management reports, and external SEC filings such as 8-K, 10-K, and 10-Q.
• Aid in annual common area maintenance and real estate tax reconciliations, along with providing essential support for the external audit function.
• Help manage documents for SEC filings within Active Disclosure, assist with XBRL review, and undertake other miscellaneous projects as assigned.

The Must-Haves
• Background: Pursuing a bachelor’s degree in accounting; must be a junior at the time of application.
• Experience: Minimum 3.0 GPA; ability to work 40 hours per week in the corporate headquarters; strong interest in pursuing a career in real estate accounting.
• Skills: Demonstrable working knowledge of MS Office including Word, Excel, and PowerPoint; attention to detail and an analytically minded approach; self-motivated, diligent, and possessing outstanding communication skills.
• Bonus: Knowledge or desire and aptitude to learn other software such as Yardi and Active Disclosure.