Director, Affordable Housing Accounting & Compliance

Franklin Park Senior Living; San Antonio (TX); On-site; USD 110,000 - 170,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Teladoc access

Job summary

The Director of Multi-family Accounting at Franklin Apartment Management leads the accounting function for the affordable housing portfolio, ensuring accurate financial reporting, timely close, budgeting, and regulatory reporting with LIHTC, HUD, HOME, and state housing programs.

This role partners with property management, asset management, and compliance teams to protect financial health and regulatory standing of the portfolio, while directing a skilled team of property accountants and

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• 7–10 years of progressive accounting experience, including multi-family or affordable housing property accounting.
• 3+ years in a leadership or supervisory role managing an accounting team.
• Hands-on experience with property management accounting software such as Yardi, RealPage, or MRI.
• Strong knowledge of GAAP and fund/subsidy accounting as applied to regulated affordable housing properties.
• Proven experience managing month-end/year-end close, budgeting, and audit processes for a multi-property portfolio.
• Advanced proficiency in Excel and financial reporting tools.
• Strong written and verbal communication skills, with the ability to present financial information to ownership, investors, and regulatory agencies.
• Housing Credit Certified Professional (HCCP) or Specialist in Housing Credit Management (SHCM) designation.
• Experience managing accounting across a multi-state affordable housing portfolio.

Responsibilities

• Direct the monthly, quarterly, and annual close process for all multi-family affordable housing properties, ensuring accuracy and timeliness of financial statements.
• Oversee preparation and review of property-level and portfolio-level financial reporting for ownership, investors, and lenders.
• Lead annual budgeting and periodic reforecasting across the affordable housing portfolio, partnering with property management and asset management.
• Manage and mentor a team of property accountants dedicated to the affordable housing portfolio.
• Oversee cash management, bank reconciliations, and replacement reserve/escrow accounting for HU- and LIHTC-financed properties.
• Coordinate and manage annual audits, cost certifications, and tax return preparation with external auditors and CPA firms. Accountable for timeliness of audits and tax returns.
• Prepare annual available cash calculations and waterfalls to investors as well as any mid year calculations.
• Review and approve journal entries, account reconciliations, and general ledger activity for accuracy and GAAP compliance.
• Maintain and strengthen internal controls over accounting processes specific to regulated, subsidized housing.
• Serve as the primary accounting liaison to investors, syndicators, lenders, and housing finance agencies.
• Identify process improvements and drive standardization across the accounting function as the portfolio grows.
• Working knowledge of LIHTC accounting, including annual cost certifications, minimum gain, and investor equity reporting.
• Familiarity with HUD multifamily programs and reporting requirements.
• Experience with HOME program and other subsidy reporting.
• Coordinate with compliance staff on tenant income certification processes as they affect revenue recognition.

Skills

Leadership experience

Financial reporting

Excel proficiency

Communication skills

Audit coordination

Education

Bachelor's degree in Accounting/Finance

HCCP or SHCM designation

Tools

Yardi

RealPage

MRI

Job description

The Director of Multi-family Accounting at Franklin Apartment Management leads the accounting function for the affordable housing portfolio, ensuring accurate financial reporting, timely close, budgeting, and regulatory reporting with LIHTC, HUD, HOME, and state housing programs.

This role partners with property management, asset management, and compliance teams to protect financial health and regulatory standing of the portfolio, while directing a skilled team of property accountants and