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Position:

Controller

Salary:

$150K to $160K

Location:

New York

Industry:

Affordable Housing

Schedule:

N/A

Job Description:

N/A Affordable Housing

Major Responsibilities:

  • Manage the accounting function for a portfolio of affordable housing residential buildings such as tenant billing, tenant and Section 8 accounts receivable, accounts payable and bank reconciliations.
  • Prepare monthly, quarterly, and annual financial statements in accordance with GAAP for required partners and lenders
  • Analyze the general ledger for each property, prepare journal entries, calculate accruals and adjustments and maintain detailed workpaper files monthly
  • Review results of operations and provide detailed explanations of variances
  • Review invoices to ensure correct account coding and expense allocations
  • Prepare reconciliations of all cash accounts, security deposits, reserves, and escrows
  • Monitor cash balances and request capital funding, as needed
  • Maintain fixed asset and depreciation schedules
  • Calculate real estate tax and operating expense escalations
  • Interact with asset managers, leasing agents, and property managers
  • Assist in the resolution of tenant billing inquiries with accounts receivable and legal departments
  • Prepare documentation for loan draws and reserve disbursements
  • Respond to lender inquiries, as needed
  • Oversee payroll related processing and applicable tax reporting
  • Compile financial information for analysts during debt refinances and/or sales of properties
  • Prepare annual budget and re-forecast
  • Serve as the main contact for annual audits and tax return preparation

Requirements:

  • Must have a undergraduate degree in Accounting
  • 6+ years of accounting experience within the real estate industry; residential/affordable experience preferred
  • Experience with affordable housing properties including Voucher based and Project Based Section 8.
  • Expert knowledge of Yardi, Quickbooks, Excel and Word
  • Ability to multi-task, prioritize and work efficiently independently or in a team setting
  • Strong capability to communicate effectively both verbally and written, including giving and receiving feedback with all levels within the organization
  • Ability to perform at high levels in a fast paced, ever-changing work environment

To apply for this job email your details to mvides422@gmail.com

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