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