Senior Property Accountant

Soni Resources

$95K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Demonstrates commitment to the organization's mission, promoting inclusion and respect for diverse backgrounds.
  • Solid grasp of property accounting, specifically with affordable housing and tax credit-funded properties, adaptable for both financial and non-financial audiences.
  • Strong written and verbal communication skills for effective inter-department collaboration and relationship building.
  • Analytical thinker skilled in financial data interpretation and discrepancy resolution to support decision-making.
  • Highly organized and detail-oriented, adept at managing priorities and deadlines in dynamic environments.

Responsibilities

  • Manage accounting and financial reporting for affordable housing portfolios, ensuring compliance with all regulations.
  • Review and maintain documentation such as partnership and management agreements to keep records current.
  • Coordinate with property management to ensure accurate reporting and evaluate performance metrics.
  • Ensure compliance with federal, state, and local filing requirements, maintaining corporate and tax records.
  • Prepare financial reports and support audits, ensuring timely submission to relevant agencies and stakeholders.
  • Monitor operating and replacement reserves for adherence to governing agreements.
  • Assist in annual budget preparation and monthly variance analysis to identify financial trends and opportunities.

Benefits

  • 401(k) plan with employer match
  • Generous PTO policy and paid holidays
  • Comprehensive health, dental, and vision insurance
  • Professional development opportunities including CPA support
  • Flexible work arrangements or remote work options
Full Job Description
Key Qualifications:

  • Demonstrates a commitment to the organization's mission and values, fostering an inclusive and respectful environment for individuals from all backgrounds.
  • Strong understanding of property accounting principles, including affordable housing and tax credit-funded properties, with the ability to translate financial concepts to both finance and non-finance stakeholders.
  • Excellent written and verbal communication skills with the ability to collaborate effectively across departments and build strong working relationships.
  • Analytical mindset with the ability to interpret financial data, investigate discrepancies, resolve reconciling items, and support informed decision-making.
  • Highly organized with exceptional attention to detail, capable of managing multiple priorities and meeting deadlines in a fast-paced environment.

Responsibilities:

  • Manage the accounting and financial reporting for a portfolio of affordable housing entities, ensuring compliance with lender, investor, and regulatory requirements.
  • Review and maintain legal and organizational documentation, including partnership, management, and operating agreements, while keeping entity records current.
  • Coordinate with third-party property management partners to ensure accurate financial reporting and evaluate service performance.
  • Oversee entity compliance with federal, state, and local filing requirements, including maintaining corporate records and tax-related documentation.
  • Prepare quarterly and annual financial reports, support audits, and submit required reporting to funding agencies, lenders, investors, and regulatory organizations.
  • Monitor operating and replacement reserves to ensure funds are maintained and utilized in accordance with governing agreements.
  • Assist with annual budgeting and monthly financial variance analysis, identifying trends, operational issues, and opportunities to improve financial performance.
  • Coordinate with facilities and operations teams to monitor property-related compliance matters, insurance requirements, and regulatory issues.
  • Support the development and enhancement of accounting procedures, internal controls, and financial reporting processes related to property operations.
  • Participate in special projects, financial analyses, and additional assignments as requested by finance leadership.

Qualifications:

  • Bachelor's degree in Accounting, Finance, or a related discipline; CPA designation is a plus.
  • 3-5 years of property accounting experience, preferably within affordable housing or the nonprofit sector.
  • Working knowledge of affordable housing programs, LIHTC properties, real estate accounting, and nonprofit GAAP.
  • Proficiency with Microsoft Excel, Microsoft Office, and accounting systems; Sage Intacct experience is strongly preferred.
  • Self-motivated professional with strong problem-solving abilities, excellent organizational skills, and the ability to work independently while collaborating across departments.
Compensation: $95,000
Salary is based on a range of factors that include relevant experience, knowledge, skills, other job-related qualifications.

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