Senior Accountant

Lutheran Social Services (LSS) is a private, non‑profit, human service agency providing a variety of services throughout Wisconsin and Upper Michigan. Over the years, LSS has grown to become one of the largest human service agencies in the two state area serving more than 125,000 clients annually. We are looking for passionate, mission‑driven individuals like you to help provide services including outpatient behavioural health management, international, domestic and special needs adoptions, older adult services, support services for children, youth and families, community corrections programs and support services for adults with disabilities and/or mental health concerns.

Motivated by the compassion of Christ, we help people improve the quality of their lives. Does this describe your personal mission statement? Are you motivated to serve by sharing your talents? If you would like to help us achieve our mission, please apply for the following opportunity.

Lutheran Social Services of WI and Upper MI is currently seeking a Senior Project Accountant to join our team. This is a full‑time, benefit‑eligible, hybrid opportunity with office hours required in West Allis or Eau Claire every Thursday. (

Please note:

For payroll purposes, all hybrid employees must reside in Wisconsin, Upper Michigan or Minnesota.)

Under the direction of the Director of Accounting the Project Accounting roles will support a specialized area of accounting focused on the financial management of rental properties, including recording income, expenses, rent collection, preparing financial reports and leading audits.

Please identify any position/department specific duties and responsibilities that may not be in the job description:

Accounting

• 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 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.
• 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.
• Record construction draws for new project development, if applicable.
• Communicate/collaborate with investors and other external parties regarding project goals or concerns.
• Collaborate with operations team/property managers to resolve issues in tenant subledgers.
• Prepare and record monthly intercompany billing for project payroll expense and other reimbursements and fees.

Budgeting and Forecasting

• Participate in the budgeting process for each property.
• Forecast future cash flow, including income and expenses.
• Make recommendations to help support profitability.

Financial Reporting

• Generate 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.
• Complete income statement fluctuation analysis on a monthly basis for each project.

Compliance

• 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.
• Lead HUD and LIHTC audits for assigned properties. Complete real estate assessment center (REAC) annual reporting for HUD projects.
• Complete Return of Organization Exempt from Income Tax 990 tax reporting, if applicable.

• Public Service Loan Forgiveness (PSLF)
  • By being employed with LSS, which is a non‑profit agency, you can be eligible for loan forgiveness under the Public Service Loan Forgiveness program.
  • Loans are eligible to be forgiven after 10 years of on‑time and consistent payments through the income‑based…