We are seeking a detail-oriented Property Accountant to support the financial operations of an affordable housing development portfolio. This role is responsible for maintaining accurate property-level financial records, preparing monthly financial statements, performing account reconciliations, and ensuring compliance with applicable accounting standards and affordable housing program requirements. The ideal candidate has hands-on experience with Yardi, strong general ledger and month-end close skills, and an understanding of real estate or multifamily property accounting. Experience with affordable housing, LIHTC properties, or other subsidized housing programs is highly desirable.
Responsibilities:
Maintain accurate financial records and general ledger accounts for a portfolio of affordable housing properties.
Prepare monthly, quarterly, and annual financial statements, including income statements, balance sheets, and cash flow reports.
Perform monthly bank reconciliations, balance sheet reconciliations, and general ledger account analysis.
Manage accounts payable and accounts receivable activities, including invoice coding, payment processing, tenant-related transactions, and expense allocations.
Prepare and post journal entries, accruals, prepaid expenses, depreciation, and other month-end adjustments.
Assist with month-end and year-end close processes, ensuring financial information is accurate and submitted on schedule.
Monitor property budgets, analyze variances, and investigate discrepancies in operating expenses and revenue.
Maintain fixed asset schedules, track capital expenditures, and support construction-to-permanent asset accounting as needed.
Assist with annual audits, tax preparation, lender reporting, and other financial compliance requirements.
Support reporting and documentation requirements associated with affordable housing programs, including Low-Income Housing Tax Credit (LIHTC) properties, when applicable.
Coordinate with property management, development, asset management, and external accounting teams to resolve financial issues.
Maintain organized financial documentation and ensure compliance with internal controls, company policies, and applicable accounting standards.
Required Qualifications:
Bachelor's degree in Accounting, Finance, or a related field preferred.3+ years of property accounting, real estate accounting, or general ledger accounting experience.
Hands-on experience with Yardi is required.
Strong understanding of general ledger accounting, account reconciliations, journal entries, and month-end close procedures.
Proficiency in Microsoft Excel, including pivot tables, lookup functions, and financial reporting.
Strong analytical, organizational, and problem-solving skills.
Ability to manage multiple priorities, meet deadlines, and maintain a high level of accuracy.
Preferred Qualifications:
Experience supporting affordable housing, multifamily residential properties, or real estate development companies.
Familiarity with LIHTC, HUD, Section 8, or other affordable housing programs and related reporting requirements.
Experience with property-level financial statements, operating budgets, and variance analysis.
Exposure to construction accounting, capital project tracking, and fixed asset accounting.
Experience supporting external audits, tax filings, lender reporting, or investor reporting.
Ideal Candidate:
The ideal candidate is a proactive and organized accounting professional who enjoys working with property-level financial data and understands the importance of accurate reporting in affordable housing. They are comfortable navigating Yardi, collaborating across departments, and balancing day-to-day accounting responsibilities with monthly and annual reporting deadlines.
