Development Accounting Lead - Real Estate Finance (Hybrid)

Preservation of Affordable Housing; Boston (MA); On-site; USD 98,000 - 115,000; Full time

Benefits offered by this job

401(k) with company match

Bonus program

Professional development budget

End-of-year bonuses

PTO and parental leave

Job summary

Preservation of Affordable Housing (POAH) in Boston seeks a Development Accounting Manager to oversee corporate and real estate accounting activities, reporting to the SVP of Finance and Accounting and directing staff. You will manage intercompany activity, development closings, and audits, ensuring accurate financial reporting for a large affordable housing portfolio.

The role combines project and corporate accounting, requires 5–7 years in real estate accounting, and emphasizes nonprofit

Qualifications

• BS in Accounting required.
• Minimum of 5-7 years of experience in real estate accounting.
• Affordable housing background, specifically low-income housing tax credits
• Ability to piece together data from many sources and individuals.
• Understanding of nonprofit accounting preferred
• Yardi accounting system and construction module experience preferred
• Audit or tax experience preferred
• Proficiency in use of computers including Word and Excel – with advanced understanding of project accounting for real estate – Yardi and Crystal reports preferred.

Responsibilities

• Review intercompany activity between 100 plus property entities and parent companies.
• Assist with tracking predevelopment funding
• Review schedules and source data for annual corporate audits.
• Assist with review of partnership annual audits.
• Assist with review of partnership and general partner annual tax returns
• Assist with monitoring and maintaining guarantees
• Assist with review of closing and financing settlement statements.
• Assist with reviewing monthly development activity
• Assist and review preparation of cost certifications (audits of development activity)
• Assist and review preparation of debt service coverage ratio tests
• Assist and review preparation of 8609s
• Assist with review of deal internal and investor projections
• Supervise junior accountant and potential for supervising other positions within the department
• The DAM will work collaboratively sharing knowledge and building trust, demonstrating effective leadership through professional work practices.
• The DAM will provide client support for both POAH’s housing partners/regulators and investors
• The DAM will support the POAH Inc Board Audit Committee under supervision of the SVPFA and CFO
• The DAM will support the SVP of Finance and Accounting with special projects and aspects of corporate consolidation accounting and budgeting.

Skills

Real estate accounting

Data synthesis

Attention to detail

Collaboration

Work under pressure

Education

B.S. in Accounting

Tools

Yardi accounting system

Crystal Reports

Microsoft Excel

Microsoft Word

Job description

Preservation of Affordable Housing (POAH) in Boston seeks a Development Accounting Manager to oversee corporate and real estate accounting activities, reporting to the SVP of Finance and Accounting and directing staff. You will manage intercompany activity, development closings, and audits, ensuring accurate financial reporting for a large affordable housing portfolio.

The role combines project and corporate accounting, requires 5–7 years in real estate accounting, and emphasizes nonprofit