Senior Property Accountant

Soni Resources

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

Qualifications

  • Commitment to inclusivity and organizational values.
  • Strong grasp of property accounting, especially in affordable housing and tax credit areas.
  • Excellent written and verbal communication and collaboration skills.
  • Analytical ability to interpret financial data and resolve discrepancies.
  • Highly organized with a keen eye for detail, adept at multitasking.

Responsibilities

  • Manage accounting and financial reporting for affordable housing portfolios, ensuring compliance.
  • Review legal documentation and maintain accurate organizational records.
  • Coordinate with property management for precise financial reporting and performance evaluations.
  • Ensure compliance with federal, state, and local filing requirements, maintaining corporate records.
  • Prepare financial reports and support audits for funding agencies and investors.
  • Monitor reserves to align with governing agreements.
  • Assist with budgeting and financial variance analysis, identifying performance trends.
  • Collaborate with operations on compliance and regulatory matters.
  • Enhance accounting procedures and financial reporting processes.
  • Participate in special projects and financial analyses as needed.

Benefits

  • Collaboration in a mission-driven organization.
  • Opportunities for professional development and growth.
  • Ability to work on diverse projects across departments.
  • Access to a supportive and vibrant workplace culture.
  • Engagement in meaningful work that impacts communities.
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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