Staff Accountant

Artspace Projects, Inc. Staff Accountant – Property Management Position

Artspace Projects, Inc. is seeking a skilled Staff Accountant with experience in property management to join our accounting team. An ideal candidate is a collaborative multitasker who can handle full cycle accounting duties for a handful of our properties and master lease tenants. This person will also assist in annual year-end audits and special projects.

Artspace Projects, Inc. is a nonprofit real estate organization specializing in creating, owning, and operating affordable spaces for artists, creators, and creative entrepreneurs. These spaces include workforce housing, live/work apartments for artists and their families, working artist studios, arts centers, space for arts-friendly businesses, and other projects. Artspace’s mission is to create, foster, and preserve affordable and sustainable housing and workspace for artists, entrepreneurs and the creative workforce.

At the present, Artspace owns and operates some 57 projects across the country, with more on the way. Most are live/work or mixed-use buildings comprised of more than 2,000 residential units. Artspace’s portfolio is rounded out with non‑residential projects that provide space for artists and cultural organizations.

• General Ledger Management: Maintain the general ledger for each property, including journal entry preparation, expense accruals, depreciation, and amortization.
• Accounts Payable/Receivable Oversight: Review and process property‑level accounts payable and receivables with proper approvals. Monitor accounts receivable to ensure timely collection of rents and other income.
• Financial Statement Preparation: Prepare accurate and timely monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow reports for assigned properties, ensuring adherence to GAAP or other required accounting standards.
• Bank Monitoring & Reconciliations: Monitor cash for assigned properties. Perform monthly bank reconciliations for assigned operating and reserve accounts.
• Lease Accounting: Interpret commercial and residential leases to ensure proper billing and revenue recognition. Contribute in the master lease renewal process.
• Audit and Tax Support: Assist external auditors and tax preparers by providing necessary documentation and explanations related to property financials.
• Special Projects: Assist with special projects which could include the annual 1099s process, filing the annual reports, and cross‑training with other Staff Accountants.

• 2+ Years of experience in property accounting, real estate, or public accounting with real estate clients.
• Proficiency with Yardi‑Breeze and Microsoft products including Excel, Outlook, and Teams.

• Bachelor’s degree in accounting, finance or a related field.
• Experience with Low‑Income Housing Tax Credit (LIHTC).

• Full‑time position with benefits including employer‑paid medical and dental coverage, HSA with employer contribution, 403(b) with employer match after one year, 11 paid holidays and more.
• Classification:
  Full time, exempt.
• Salary: $60,000 – 75,000, DOQ.
• Location:
  
  Downtown Minneapolis, MN.
• Work Environment: currently hybrid, working one day in office and four days remote; subject to change depending on business needs.