Regional Accountant

Enterprise Community Partners; United States; Remote; USD 75,000 - 85,000; Full time

Job summary

A national nonprofit organization is seeking a Regional Accountant to join their Tax and Regional Accounting department. The role involves reviewing quarterly financial statements and year-end tax returns for affordable housing properties, ensuring compliance with IRS and state guidelines. Candidates should have a Bachelor's degree in accounting or extensive experience in the field. This position offers a competitive salary and a comprehensive benefits package.

Benefits

Dental, health, and vision care plans

Flexible work arrangements

401(k) with employer match

Tuition reimbursement for job-related courses

Qualifications

• 10+ years of relevant industry experience OR Bachelor’s degree in accounting.
• 3+ years of accounting and tax experience required.
• Knowledge of real estate development terminology preferred.

Responsibilities

• Review annual tax returns for compliance purposes.
• Prepare data spreadsheets for financial reporting.
• Address financial reporting discrepancies.

Skills

Accounting and tax experience

Organizational skills

Independent work

Accuracy and reliability

Education

Bachelor's degree in accounting

Job description

Overview

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $80.9 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging.

Join us at enterprisecommunity.org

At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey.

Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.

Job Description Summary

The Regional Accountant is an integral role within the Tax and Regional Accounting department, reporting directly to the Assistant Director. This position is responsible for reviewing quarterly financial statements and year-end tax returns and audited financial statements as part of monitoring and assisting in managing operational activity of newly constructed affordable housing properties and/or existing affordable housing properties that are undergoing major renovations. The partnerships that own these properties are eligible to receive special federal and state tax credits if the properties are qualified affordable housing structures. These types of property are closely monitored to maintain a healthy financial performance. This is crucial to ensure the partnership remains in compliance during the 10-year tax credit period. After the 10-year tax credit period, continue to monitor the financial activity on a quarterly and yearly basis for an additional 5 years, or until the partnership reaches the disposition stage in which the limited partner transfers its share of ownership to a non-affiliated party.

Job Responsibilities

• Review accuracy of annual tax returns of over 350 partnerships for compliance purposes.
• Review accuracy of annual audited financials of over 350 partnerships for compliance purposes.
• Prepare elaborate data spreadsheet to determine specific financial reporting requirements for over 350 partnerships.
• Create journal entries and/or adjusting journal entries on income statements and balance sheets submitted quarterly and annually.
• Perform reconciliation analysis of income statement and balance sheet that are submitted quarterly and annually.
• Address financial reporting discrepancies/concerns expressed by the Field Asset Manager.
• Ensure IRS and state guidelines are followed, confirm there’s no breach of the Operating Agreement (LPA) and LIHTC compliance, especially for LIHTC reporting, owner distributions and contributions, possible Minimum Gain or Limited Loss issues, and to determine tax credit deficiencies or tax on taxable income that needs to be paid, as reported to Upper Tier auditors and investors.
• Ensure GAAP guidelines are followed, confirm no breach of the Operating Agreement (LPA) and LIHTC compliance, and examine data to ensure financials are presented according to Enterprise reporting requirements for Upper Tier auditors and investors.
• Utilize the spreadsheet as a reference to determine reporting requirements for each partnership in the portfolio and to prepare for year-end audit/tax season; manage data which is entered throughout the calendar year.
• Correctly allocate amounts in COAs when external reports show misallocations by external accountants or third-party data systems by creating JEs or AJEs as needed.
• This function supports the Project Performance Indicator write-ups that Asset Managers prepare and submit.
• Enable Field Asset Managers to perform reviews of each LIHTC property.

Qualifications

• Bachelor’s degree, preferably in accounting; or 10+ years of relevant industry experience required.
• 3+ years of accounting and tax experience required; public accounting, real estate or partnership tax preferred.
• Knowledge of real estate development terminology and financial analysis preferred. Experience with Low Income Housing Tax Credits a plus.
• Strong organizational skills and the ability to coordinate complex activities, prioritize conflicting demands, and meet deadlines.
• Must be highly motivated and able to work independently with minimal supervision and to reliably and accurately move tasks forward.
• Demonstrate habits of accuracy and reliability.
• Ability to work under stress/pressure and extend hours during peak periods.

Total Rewards

You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing. Enterprise offers a comprehensive total rewards package including salary, benefits, and growth opportunities.

Base salary for this role is $75,000 to $85,000, depending on skills and experience. Salaries vary based on factors such as location, experience, and performance. The salary range is part of the total rewards package and may be complemented by annual performance bonuses and paid leave programs.

Benefits include dental, health, and vision care plans, family-building benefits, flexible work arrangements, health advocacy, EAP, mental health benefits, financial education, wellness programs, 401(k) with employer match, and learning and development opportunities including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others.

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