Staff Accountant – Fund Accounting

Job Description

Staff I Fund Accountant | The Scion Group

The Tone:
This is an early career position at The Scion Group, located in Chicago, IL. The Scion Group is a real estate investment and management company, specializing in fund and joint venture accounting for entities like Real Estate Investment Trusts (REITs) and holding companies. This role is crucial for supporting the day-to-day accounting and financial reporting processes of these entities. It offers a recent graduate or early accounting professional the opportunity to build a strong foundation in real estate, fund, and joint venture accounting through hands-on experience in financial reporting, account reconciliations, and audit support.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person Chicago, IL
• Pay: $68000–$78000 yearly
• Team: Fund Accounting team
• Mission: Support the accounting and financial reporting processes for joint venture entities, including Real Estate Investment Trusts (REITs), and holding companies.
• Tech Stack: Microsoft Excel, Yardi, MRI, Oracle, SAP

What You’ll Actually Do
• Manage Daily Accounting: Assist with the day-to-day accounting activities for joint venture entities, including REITs and holding companies, ensuring accurate and timely financial operations.
• Process Financial Transactions: Prepare and post journal entries accurately and timely, and assist with recording capital contributions and distributions.
• Perform Reconciliations & Close: Support the preparation of monthly and intercompany account reconciliations, investigate reconciling items, verify balances, and actively participate in month-end and quarter-end close processes.
• Prepare Financial Statements: Help prepare monthly, quarterly, and annual financial statements, supporting schedules, and financial statement disclosures with footnote documentation.
• Support Audits & Efficiency: Respond to audit requests, provide necessary documentation during annual audits and interim testing, maintain organized accounting records, and identify opportunities to improve accounting processes and operational efficiency.

The Must-Haves
• Background: Bachelor’s degree in Accounting. This role is ideal for a recent graduate or an accounting professional with up to one year of experience, eager to learn and grow in a professional accounting environment.
• Experience: Requires 0–1 year of accounting experience, which can include internships. Candidates must be proficient in Microsoft Excel.
• Skills: A solid understanding of basic accounting principles and financial statements is essential. The role demands strong attention to detail, excellent organizational skills, effective communication and interpersonal abilities, and the capacity to manage multiple tasks while consistently meeting deadlines.
• Bonus: Preferred qualifications include internship experience in accounting, audit, real estate, or finance, as well as exposure to ERP systems such as Yardi, MRI, Oracle, or SAP. An interest in pursuing CPA certification is also a plus.