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Property Development Manager Jobs in Illinois (NOW HIRING)

Frontier

Business Development Manager

Pleasant Plains, IL · Hybrid

$39K - $112K/yr

Business Development Manager Business Development Manager As the largest pure-play fiber provider ... You will target property owners, operators, and developers to build and cultivate a pipeline of ...

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Property Development Manager information

See Illinois salary details

$34.4K

$73.8K

$114.8K

How much do property development manager jobs pay per year?

As of Aug 6, 2026, the average yearly pay for property development manager in Illinois is $73,813.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,700.00 and $88,700.00 per year, depending on experience, location, and employer.

What does a property development manager do?

A Property Development Manager oversees the planning and execution of property development projects, from initial concept through to completion. Their responsibilities include conducting market research, securing funding, coordinating with architects and contractors, managing budgets and timelines, and ensuring compliance with local regulations. They work to maximize the value and profitability of real estate developments, which may include residential, commercial, or mixed-use properties. Effective communication, project management, and negotiation skills are essential in this role.

What is the difference between Property Development Manager vs Property Project Coordinator?

AspectProperty Development ManagerProperty Project Coordinator
ResponsibilitiesOversees entire property development projects, manages teams, and coordinates with stakeholders.Supports project teams, handles administrative tasks, and assists in project scheduling.
Required CredentialsTypically requires a degree in real estate, construction, or related fields; often certifications like PMP or real estate licenses.Usually requires a degree or diploma in real estate, construction management, or related areas; certifications are less common.
Work EnvironmentPrimarily office-based with site visits; interacts with developers, contractors, and clients.
Industry UsageCommonly used in real estate development firms, construction companies, and property investment firms.

The Property Development Manager focuses on leading and managing entire development projects, while the Property Project Coordinator provides support and assists in project execution. Both roles are essential in property development but differ in scope and responsibilities.

What are some typical challenges faced by property development managers during the project lifecycle?

Property Development Managers often navigate challenges such as securing planning permissions, managing budgets, and coordinating with multiple stakeholders including architects, contractors, and local authorities. Unexpected issues like regulatory changes or delays in construction can also arise, requiring flexibility and strong problem-solving skills. Building strong relationships and clear communication across teams is essential for keeping projects on track and ensuring successful delivery.

What are the key skills and qualifications needed to thrive as a property development manager, and why are they important?

To thrive as a Property Development Manager, you need expertise in project management, real estate finance, and urban planning, often supported by a degree in property, construction, or business management. Familiarity with property management software, CAD tools, and regulatory compliance systems is typically required. Strong negotiation, leadership, and communication skills help drive successful project outcomes and stakeholder relationships. These skills and qualities are essential for delivering projects on time and within budget while navigating complex regulatory and market environments.
What cities in Illinois are hiring for Property Development Manager jobs? Cities in Illinois with the most Property Development Manager job openings:
Property Development Manager jobs near you
Infographic showing various Property Development Manager job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, and 3% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $73,813 per year, or $35.5 per hour.

Senior Property Accountant

Prairie Management & Development, Inc.

Chicago, IL • On-site

$70K - $97K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 11 days ago

Job description

We are seeking a Senior Property Accountant to join the accounting team at our corporate headquarters in the heart of downtown Chicago.

Position Summary

The Senior Property Accountant will oversee and manage all accounting functions for a portfolio of Midwest properties. Responsibilities include general ledger preparation and financial reporting through the Yardi Accounting system, as well as reporting to property owners and various governmental agencies.

This role works closely with the Controller and will be responsible for supervising and mentoring Junior/Staff Property Accountants. The Senior Property Accountant will also collaborate regularly with Property Managers and Regional Managers to address property-related accounting matters and ensure accurate financial reporting, compliance, and operational efficiency.

Responsibilities

Responsibilities may include:

  • Understanding and complying with GAAP and internal control policies and procedures
  • Reviewing rent rolls and Gross Potential Rent reports and recording adjustments as needed
  • Reviewing and processing Accounts Payable and assisting with check generation
  • Maintaining monthly general ledgers for assigned properties and reviewing the work of others
  • Reviewing and reconciling related bank accounts, as well as select Balance Sheet and Income Statement accounts
  • Posting recurring journal entries and assisting with the month-end close process
  • Preparing and submitting Monthly Housing Assistance Payment (HAP) vouchers to the Department of Housing and Urban Development (HUD)
  • Maintaining escrow accounts, including mortgage, reserve, and insurance accounts, as well as depreciation schedules
  • Preparing and compiling reports for management personnel, investors, and governmental agencies on a monthly, quarterly, and annual basis, including reports required for audit and tax purposes

Staff Responsibilities

  • Documenting and assisting in the resolution of process and procedural issues
  • Reviewing, directing, and supervising the work of Junior/Staff Accountants
  • Performing additional duties and special projects as assigned by the Controller and CFO

Qualifications

  • Bachelor’s degree in Accounting with sufficient coursework to be eligible to sit for the CPA exam
  • Minimum of three (3) years of experience as a Property Accountant required
  • Strong understanding of GAAP principles
  • Advanced proficiency in Microsoft Office applications, particularly Excel, Outlook, and Word
  • Experience with accounting software, preferably Yardi
  • Strong communication, organizational, and time management skills
  • Highly detail-oriented with strong analytical abilities
  • Ability to maintain the highest level of professionalism, integrity, and confidentiality

Physical Requirements

General mobility within office areas is required, along with the ability to operate standard office and data processing equipment.

Company Description

Prairie Management & Development, Inc. (PMD) is a mission-driven property development and management firm with over 40 years of industry experience. PMD’s primary focus is to provide, through construction and preservation, clean, safe and affordable housing for the residents, including for some who are most in need. The company owns and/or manages 40+ projects, all of which are located in the Midwest. Company headquarters is located on North Michigan Avenue in Chicago.

Prairie Management & Development, Inc. is an equal opportunity employer.