Property Accountant

Acquire Talent Partners LLC; New York (NY); On-site; USD 70,000 - 90,000; Full time

Job summary

A leading social services organization in New York is seeking a Property Accountant to oversee the accounting for new low income housing developments. The ideal candidate will have extensive experience in low income housing accounting and government compliance and will manage financial statements, budgets, and ensure project adherence to regulations. This role requires a BA in Accounting or Finance, with a preference for CPA or higher education. Experience with relevant ERP systems is crucial.

Qualifications

• BA degree in Accounting or Finance is required.
• At least 3 years of accounting experience in low income housing.
• Knowledge of grants budgeting and compliance is essential.

Responsibilities

• Ensure compliance for a multi-entity subsidiary portfolio.
• Prepare quarterly financial statements and annual audits.
• Collaborate with leadership on operating budgets.
• Review compliance and proper coding of expense entries.
• Manage government funding and tenant payment accounting.

Skills

Low income housing accounting experience

Government compliance

Financial statement preparation

Budgeting and variance analysis

Experience with ERP systems

Education

BA of Accounting, Finance, or related field

Higher Education and/or CPA

Tools

FUND EZ

Yardi

Job description

Acquire Talent Partners is currently partnered with a Social Services organization primarily focused on low income housing development. With the upcoming addition of 3 new buildings, they are set to almost double in size over the next 2 years. We are seeking a Property Accountant to lead the accounting for the construction and operational accounting of these buildings.

Responsibilities

• Direct comprehensive compliance for a multi-entity subsidiary portfolio, ensuring strict adherence to project, lender, and federal/state/local regulations
• Lead the preparation of quarterly financial statements, annual audits, and government submissions (HPD, DHCR) for project partners, syndicators, and lenders.
• Collaborate with executive leadership to develop annual operating budgets and conduct monthly variance analyses on rental income and expenses to identify trends and mitigate revenue shortfalls.
• Review expense entries for compliance and proper coding
• Manage and account for the A/R life cycle of government funding and tenant payments
• Design and implement standardized asset management and property accounting policies, integrating routine transaction analysis to enhance operational efficiency.
• Partner with Facilities teams and third-party managers to proactively resolve building violations (DOB, HPD, elevator, boiler) and maintain property insurance standards established by lenders.

Qualifications

• BA of Accounting, Finance, or related field; Higher Education and/or CPA a plus
• 3+ years of low income housing accounting experience
• Grants budgeting, modifications, compliance, and reporting/vouchering experience
• FUND EZ, Yardi, or other major ERP system experience