Senior Project Accountant

Job Summary

Under the direction of the Manager of Project Accounting, the Senior Project Accountant role will support a specialized area of accounting focused on the financial management of rental properties, including recording income, expenses, rent collection, preparing financial reports, leading project audits and other projects and duties as assigned. The position works in concert with General Accounting and Financial Services team members.

This list of duties and responsibilities is not all-inclusive and may be expanded to include other duties and responsibilities, as management may deem necessary.

• Meticulously recording all rental income for the Department of Housing and Urban Development (HUD) and Low-Income Housing Tax Credit (LIHTC) properties, as well as expenses related to property maintenance, utilities, repairs, taxes, and other operational costs.
• Record construction draws for new project development, if applicable.
• Collaborate with operations team/property managers to resolve issues in tenant subledgers.
• Communicate/collaborate with investors and other external parties regarding project goals or concerns.
• Prepare and record monthly intercompany billing for project payroll expense and other reimbursements and fees.
• Leading HUD and LIHTC audits for assigned properties. Complete real estate assessment center (REAC) annual reporting for HUD projects if needed.
• Review entity legal documents such as Operating/Management Agreements to ensure proper adherence to agreements and to set up accounting practices for newly established projects, with consulting support.
• Works in a collaborative team environment, working towards common strategic goals.
• Maintain high ethical standards in financial accounting and reporting.
• Obtain and maintain a thorough understanding of the accounting software, financial reporting and general ledger structure, including consolidated and non-consolidated entities which will involve intercompany and elimination accounting and proper mapping to financial reports and statements.
• Record monthly accruals as needed for each project, as well as proper recording of prepaid expenses.
• Manage the balance sheet including proper adherence to Generally Accepted Accounting Principles (GAAP) accounting and oversight of cash.
• Generating financial reports, such as income statements, balance sheets, and cash flow statements, to provide property owners and stakeholders with a clear picture of the property's financial performance. Prepare income statement fluctuation analysis monthly for each project.
• Complete and/or review monthly account reconciliations for all balance sheet accounts.
• Manage banking transactions including positive pay and transfers between restricted and unrestricted cash accounts.
• Maintain proper record of approvals and tracking over allowance for doubtful accounts for tenant past due balances.
• Create and maintain audit trail of all activities involving the general ledger.
• Design, recommend and coordinate implementation of internal control procedures to ensure proper transaction recording.
• Assist in the creation of standardized policies and procedures to support accounting practice within the general ledger that is shared across projects and initiate employee training for changing business requirements.
• Participate in the budgeting process for each property.
• Forecasting future cash flow, including income and expenses.
• Making recommendations to help support profitability of projects.
• Completion of Return of Organization Exempt from Income Tax 990 tax reporting, if applicable.
• May proactively assist in the preparation of the LSS consolidated annual financial and single audits, including preparation of schedules and reports.
• Be a resource/mentor to finance team members and demonstrate positivity.
• Be proactive and facilitate project assignments.
• Other duties as assigned.

• Must comply with agency and departmental policies and regulations.
• Must relate to individuals and families of varied ethnic and cultural backgrounds, ages, and economic circumstances with respect and dignity.
• Must support the Mission, Vision and Values of the Agency.

Position has no direct reports but will provide guidance to others as necessary.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Upon offer, candidates must successfully complete the necessary background, caregiver, medical and any other checks required, according to program requirements.

Position requires knowledge, skills and abilities typically acquired with 3+ years of experience in financial accounting and/or auditing experience. Knowledge, skills and abilities include:

• Bachelor's degree in accounting is required. CPA license is a plus, although not required.
• Strong technical skills in the…