Property Accountant

Who We Are: Through the development, ownership, and operations of affordable housing properties, Bellwether Housing has been a trailblazer in transforming the lives of lower-income individuals and families in our region. As the largest non-profit housing provider in the Pacific Northwest, Bellwether is a leader in State and local housing policy issues, an innovator in financing and housing development strategies, and a trusted partner to a diverse array of organizations in our community, while providing resident and real estate development services to other mission-driven non-profits around Western Washington.

Salary: $81,100-$99,100/annually

The posted salary reflects the full pay range for this position. Offers made to qualified candidates will be made within this range and will be determined by various factors, including knowledge, skills, experience, qualifications, location, and other factors that would be critical to success in this role.

Position Overview: As a Property Accountant, you'll be a key member of our accounting team. In this role, you will initiate, assist with, and complete the processing of complex financial and budget transactions and manage all accounting procedures for an assigned portfolio of affordable housing properties to ensure Bellwether Housing's overall financial health.

You will also be responsible for computing and processing closing entries, owning these processes, and producing reliable, timely audit and management reports, along with variance analyses. Additionally, you will coordinate the collections process for accounts receivable to maximize recovery. As a Property Accountant, you should possess a strong understanding of the accounting cycle and the US GAAP. The ideal candidate has a strong background in accounting, excellent attention to detail, and deep knowledge of affordable housing regulations, including LIHTC, HUD, and other federal subsidy program requirements.

Work Schedule: Hybrid, 3 days on-site. Monday-Friday, 9:00 am-5:00 pm. The final schedule is to be determined by the supervisor.

Your Impact:

• Assist with the month-end and quarterly reconciliations of the general ledger close, including reconciliation of key accounts, maintenance of roll-forwards, and journal entry review.
• Review the trial balances and financial statements for completeness, accuracy, and conformity to Generally Accepted Accounting Principles (GAAP).
• Review and interpret financial operating results of various departments, buildings, and the Consolidated level.
• Monitor property-level Accounts Receivables and A/R Aging.
• Collaborate with property managers and portfolio managers about delinquencies, tenant ledgers, and associated issues.
• Proactively monitor and respond to significant operating variances.
• Assist the Portfolio Managers with general ledger coding advice, ledger reconciliation, and property-specific financial analysis.
• Review monthly financial activity with Bellwether Portfolio Managers and Asset Management to analyze operating results and variances affecting Bellwether’s properties.
• Support the preparation and delivery of the financial reporting package for Controller and CFO review; ensure reports are accurate, complete, and prepared on schedule.
• Assist with the annual financial statement audits (Tax Credits and Non-profit Audit).
• Assist with the Cost Certification Process.
• Periodically perform ad hoc research and analysis.
• Act as a subject matter expert for financial systems & evaluate the financial systems for process improvements.
• Assist with the annual budgeting process.

Who You Are:

• Bachelor's degree in accounting, finance, and/or related field preferred.
• 2-3 years of progressive experience in accounting and financial statement preparation.
• Experience with financial reporting software.
• Experience with interpretation and application of Generally Accepted Accounting Principles (GAAP).
• Ability to collaborate and work with all departments in the organization; to keep lines of communication open to assist with finance-specific needs and requests for information and guidance.
• Proficiency in MS Office 365 Suite, including the ability to develop advanced spreadsheets, manage databases, and…