Resident Accountant

Shelter Corporation; Minnetonka (MN); On-site; USD 55,000 - 75,000; Full time

Job summary

Shelter Corporation, located in Minnetonka, Minnesota, is seeking a Resident Accountant. This role is crucial in supporting the financial operations of the property management portfolio, including monitoring accounts receivable and accurate financial reporting.

The ideal candidate will have over 3-5 years of experience in property management accounting, a strong understanding of resident ledgers and rent collections, and proficiency in property management software and Microsoft Office. Join us to contribute towards maintaining accurate accounts and supporting timely collections.

Qualifications

• 3-5+ years in property management accounting, accounts receivable, or affordable housing.
• Strong organizational skills and attention to detail.
• Proficient in Microsoft Office including Word, Excel, and Outlook.

Responsibilities

• Review and correct resident ledgers to ensure accuracy.
• Monitor and assess late fees and process resident payments.
• Complete month-end reporting and reconciliation.

Skills

Resident ledgers

Rent collections

Accounts receivable

Attention to detail

Problem-solving skills

Education

High School Diploma or equivalent

Tools

Property management software

Microsoft Office Suite

Job description

Position Summary

The Resident Accountant is responsible for supporting the financial operations of the property management portfolio by reviewing resident ledgers, monitoring accounts receivable, processing payments, and ensuring accurate financial reporting. This position works closely with Property Managers and Regional Managers to maintain accurate resident accounts and support timely collections and eviction processes.

Essential Duties and Responsibilities

• Review and correct resident ledgers to ensure accuracy and proper account balances
• Monitor and assess late fees in accordance with company policies
• Process resident payments and apply charges accurately
• Process assistance (HAP, CAR, etc.) payments and apply charges accurately
• Review and correct lease charges as needed
• Work alongside Property Managers to ensure timely eviction filings and required notices are completed
• Monitor delinquency and collections activity across assigned properties
• Review Accounts Receivable (AR) reports and provide detailed notes and updates to Regional Managers, weekly follow up on any outstanding accounts
• Complete month-end reporting and reconciliation processes
• Review Gross Potential Rent (GPR) reports for accuracy and reporting consistency
• Identify discrepancies within resident accounts and resolve issues promptly
• Maintain accurate financial documentation and resident account records
• Communicate with onsite teams regarding ledger corrections, payment issues, and outstanding balances
• Assist Property Managers with establishing payment plans and monitoring payment plan compliance, when applicable
• Support compliance with company policies, lease requirements, and accounting procedures
• Coordinate with property management, Corporate Accounting Team and ownership accounting partners as needed in processing and reviewing payscan invoicing
• Complete deposit accounting timely and accurately per state law
• Coordinate with Property Managers for financial audits

Qualifications

• 3-5+ years in property management accounting, accounts receivable, or affordable housing required
• Strong understanding of resident ledgers, rent collections, and delinquency processes
• Experience with property management software required
• Strong attention to detail and organizational skills
• Ability to manage multiple properties and deadlines efficiently
• Proficient in Microsoft office including word, excel, outlook etc.
• Understanding of financial reporting literacy and invoice processing and reconciliation
• Strong communication and problem-solving skills
• High School Diploma or equivalent required