Accountant

SpectrumCareers; Bethesda (MD); On-site; USD 65,000 - 85,000; Full time

Job summary

SpectrumCareers client, a residential management company specializing in HUD, tax-credit, and state affordable communities, seeks an Accountant to manage day-to-day financial operations and monthly reporting for a portfolio of housing properties.

The role emphasizes accurate ledger reconciliation, GAAP compliance, and strong collaboration with Regional and Property Managers to analyze variances, prepare statements, and support year-end audits.

Qualifications

• 2+ years of property accounting experience.
• Strong knowledge of GAAP accounting principles and advanced Excel skills.
• Bachelor's degree in Accounting or Finance.

Responsibilities

• Prepare monthly financial statements, including bank reconciliation, balance sheet review and related reconciliations, income statement, and cash flow analysis for assigned properties.
• Lead the preparation of year-end audit packages and work papers for external CPAs, state housing authorities, HUD REAC submissions, and ensure lender/investor reporting compliance.
• Monitor and reconcile delinquent and prepaid balances, replacement reserves, residual receipts, and tenant security deposit escrows in accordance with HUD and state guidelines.
• Partner with Regional and Property Managers to analyze monthly budget variances and ensure accurate posting of transactions.

Skills

Advanced Excel

GAAP

Education

Bachelor's in Accounting or Finance

Tools

Yardi

Job description

Our client, a residential management company specializing in HUD, tax-credit, and state and local affordable communities, is looking for an Accountant to join the team!

Job Overview:

In this role, the candidate will be reconciling complex ledgers and understands the vital connection between precise compliance and strong financial performance. The candidate will handle the day-to-day financial operations and monthly reporting for a dedicated portfolio of housing properties.

Key Responsibilities

• Prepare monthly financial statements, including bank reconciliation, balance sheet review and related reconciliations, income statement, and cash flow analysis for assigned properties.
• Lead the preparation of year-end audit packages and work papers for external CPAs, state housing authorities, HUD REAC financial submissions, as well ensuring compliance for lender / investor reporting.
• Monitor and reconcile delinquent and prepaid balances, replacement reserves, residual receipts, and tenant security deposit escrows in strict accordance with HUD and state guidelines.
• Partner with Regional and Property Managers to analyze monthly budget variances and ensure accurate posting of transactions.

Qualifications:

2+ years of property accounting experience.

• Strong proficiency in property management platforms (e.g. Yardi)
• Advanced Excel skills (VLOOKUP’s, pivot tables, data analysis) and a strong grasp of GAAP accounting principles.
• Bachelor's in Accounting or Finance