Property Accountant

Property Accountant

The Property Accountant is responsible for the full-cycle accounting and financial reporting for a portfolio of residential and Low-Income Housing Tax Credit (LIHTC) properties. This role ensures timely and accurate financial statements, maintains compliance with LIHTC and other affordable housing regulations, and partners closely with Property Management and Operations to support effective month-end close and reporting processes.

• Financial Reporting & Close

Prepare monthly, quarterly, and annual financial statements for assigned properties. Complete bank reconciliations, general ledger reconciliations, and supporting schedules. Record journal entries, accruals, and reclasses. Review and analyze budget-to-actual variances and provide explanations. Assist with annual budget preparation and forecasting. Maintain fixed asset schedules and record depreciation.

• LIHTC & Affordable Housing Compliance

Ensure financial reporting complies with LIHTC program requirements. Assist with cost certifications, owner reporting, and regulatory filings. Prepare audit work papers and support annual financial statement audits. Coordinate with compliance and property management teams to ensure accurate reporting.

• Accounting Operations

Review accounts payable and receivable activity for assigned properties. Ensure proper coding of expenses and adherence to company policies. Monitor tenant receivables, subsidy payments, and reserve balances. Support cash management and distribution calculations.

• Owner, Investor & Lender Reporting

Prepare quarterly and annual reporting packages for ownership and investors. Assist with partnership distributions and related reconciliations. Support lender reporting requirements and financial covenant tracking.

• Collaboration & Process Improvement

Partner with Property Management and Operations to resolve accounting issues. Participate in month-end close meetings and cross-department communication. Identify opportunities to improve processes, reporting efficiency, and internal controls. Support system enhancements and accounting initiatives.

Bachelor's degree in Accounting or Finance or equivalent. 35+ years of property accounting experience. Direct experience with residential and LIHTC properties strongly preferred. Strong knowledge of GAAP and real estate accounting principles. Experience with property management/accounting software (Yardi, Real Page, Appfolio, MRI, etc.). Strong Excel skills. Ability to manage multiple properties and deadlines.

• Invest in Your Future: 401(k) with company match, plus annual merit-based increases
• Prioritize Your Health:
  Comprehensive medical, dental, vision, life insurance, Long-Term Disability, and FSA and HSA options.
• Recharge and Renew:
  Generous paid time off and 8+ paid holidays.
• Voluntary Benefits:
  Short Term Disability, Accident, Critical Illness, and Hospital Indemnity.
• Keep Growing:
  Ongoing education, leadership training, and advancement opportunities across all departments.
• Celebrate Together:
  Annual employee appreciation events, team outings, and company-wide recognition programs.
• Make an Impact:
  Contribute to meaningful projects that shape neighborhoods and improve lives.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Bear Real Estate Group is proud to be an Equal Employment Opportunity and Aff… (remaining EEO statement).