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Accounting Associate - Convexity Partners

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Accounting Associate - Convexity Partners

Job Location
Employment type
Real Estate, Operations
Targeted Start Date

Convexity Properties (, the real estate arm of principal trading firm DRW, is a fully integrated real estate investment, development and management company based in Chicago, with national reach. Convexity was founded to bring new purpose to value add properties. We’re still doing that today, collaborating with development partners and working closely with communities to create and rebuild a diverse portfolio of retail, residential, commercial and mixed use properties.

At DRW, we identify and capture trading and investment opportunities globally. What sets us apart is our diversified approach—trading across many asset classes and instruments, in markets around the world, with horizons from seconds to years. We succeed by leveraging technology, research and risk management. We offer the best of both worlds: the opportunity and spirit of a startup and the benefits and stability of an established, experienced firm. Our employees work hard to solve interesting problems, and their results are rewarded. We value continuous learning—from our outcomes, from the environment and from each other. It’s a place of high expectations, deep curiosity, and constant collaboration, with some of the smartest, most passionate people you’ll meet.

The Accounting Associate role is perfect for those who thrive in nimble, fast-paced environments and enjoy having the ability to influence change and improve processes.  It’s perfect for those who are passionate about analytical work and truly enjoy digging into an issue. The person in this role will have a lot of autonomy in their day to day work and the work will expand beyond just traditional accounting duties over time.

What you’ll do in this role:

  • Prepare and post journal entries to the general ledger; review periodic reports of general ledger accounts to ensure accuracy and correct errors prior to close of accounting period
  • Prepare balance sheet reconciliations and supporting schedules; analyze the balance sheet and income statement accounts for accuracy
  • Prepare and deliver financial statement packages for an assigned portfolio of properties
  • Identify, analyze, and explain any variances or unexplained items on the income statement, as well as changes to the balance sheet
  • Prepare bank reconciliations and resolve bank reconciliation issues in a timely fashion
  • Handle fixed asset accounting functions and manage depreciation schedules
  • Manage portfolio cash transactions and balances
  • Prepare cash flow analysis, summary documentation and spreadsheets
  • Generate, interpret and communicate financial performance returns
  • Interface with on-site property management to review and reconcile property level reporting
  • Collaborate with Convexity’s acquisition and development teams to perform project cost projections and budgeting
  • Compile and review financial statements and expense reconciliations for various real estate investments and operating properties
  • Assemble quarterly compliance reports including financial statements, contingency schedules and covenant calculations
  • Interact directly with third party joint venture partners to generate accurate accounting reporting information

The experience and skills we need:   

  • Bachelor’s or Associate’s degree in Accounting (preferred)
  • 2-5 years of financial analysis or accounting experience
  • Previous real estate industry experience
  • Previous Yardi experience
  • Strong working knowledge of GAAP
  • High level of proficiency in MS Excel
  • Ability to prioritize, multitask and effectively manage changing priorities

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