Senior Accountant

WNC & Associates; Irvine (CA); On-site; USD 90,000 - 120,000; Full time

Job summary

WNC & Associates is seeking a detail-oriented Partnership Accountant to manage accounting and reporting for partnership entities, ensuring GAAP compliance and timely closes. You will prepare financial statements, tax packages, and schedules, and collaborate with external firms to meet deadlines.

Ideal candidates have 3+ years of experience in partnership accounting, LIHTC familiarity, and strong Excel/ERP skills.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• 3+ years of progressive accounting, including partnership accounting; LIHTC experience preferred.
• GAAP, partnership accounting, and partnership taxation knowledge.
• Experience preparing and reviewing financial statements and tax packages.
• Proficiency with ERP systems and Microsoft Excel.
• Strong analytical and problem-solving skills; able to work independently.

Responsibilities

• Prepare and review financial statements, tax packages, and schedules for partnerships and LLCs per GAAP.
• Manage accounting and reporting for portfolio of partnership entities; ensure monthly/quarterly/annual reporting.
• Review annual tax returns, audited financials, and LIHTC-related workpapers.
• Coordinate with external firms to ensure timely financial reports and deadlines.
• Analyze complex accounting and tax issues, including 704(b) capital accounts and depreciation.
• Prepare quarterly and annual financial reports for investors and regulators.
• Maintain general ledger, cash activity, fixed assets, and partnership records.
• Perform monthly bank reconciliations and balance sheet analyses.
• Assist with month-/quarter-/year-end close and internal controls.
• Mentor Partnership Accountant I staff and collaborate with departments.

Skills

GAAP knowledge

Partnership accounting

Tax reporting

LIHTC experience

Analytical skills

Education

Bachelor's degree in Accounting or Finance

Tools

Microsoft Excel

ERP systems

Job description

• Prepare and review complex financial statements, tax return packages, and supporting schedules for Limited Partnerships and LLCs in accordance with GAAP, partnership agreements, and applicable tax laws.
• Independently manage the accounting and reporting activities for an assigned portfolio of partnership entities, ensuring timely completion of monthly, quarterly, and annual reporting requirements.
• Review and approve annual tax returns, audited financial statements, and related workpapers for Low-Income Housing Tax Credit (LIHTC) properties and other partnership entities.
• Coordinate with external accounting firms, tax preparers, auditors, and the company's outsourcing team to ensure timely completion of financial reports and compliance with reporting deadlines.
• Research, analyze, and resolve complex accounting and tax issues, including tax credit adjustments, Section 704(b) capital accounts, depreciation calculations, partnership allocations, capital transactions, and variance analyses.
• Prepare and review quarterly and annual financial reports for investors, lenders, and regulatory agencies, providing supporting documentation and responding to inquiries as needed.
• Maintain and review the general ledger, cash activity, amortization schedules, fixed asset records, acquisition and disposition accounting, management fee schedules, and other partnership accounting records.
• Perform and review monthly bank reconciliations, account reconciliations, and balance sheet analyses, identifying and resolving discrepancies independently.
• Assist with month-end, quarter‑end, and year‑end close processes, ensuring accuracy, completeness, and compliance with internal controls.
• Analyze partnership agreements and apply accounting and tax treatments related to ownership changes, capital contributions, distributions, refinancing, and property dispositions.
• Identify opportunities to improve accounting processes, reporting efficiency, internal controls, and documentation; recommend and implement process improvements.
• Serve as a resource and mentor to Partnership Accountant I staff by providing guidance, training, and reviewing work as assigned.
• Collaborate effectively with Corporate Accounting, Asset Management, Fund Management, Disposition, Legal and Underwriting Department, and external business partners to resolve accounting matters and support organizational objectives.
• Participate in special projects, system implementations, and other accounting initiatives as assigned.
• Perform other duties as assigned.

Responsibilities

Brief Description

• Prepare and review complex financial statements, tax return packages, and supporting schedules for Limited Partnerships and LLCs in accordance with GAAP, partnership agreements, and applicable tax laws.
• Independently manage the accounting and reporting activities for an assigned portfolio of partnership entities, ensuring timely completion of monthly, quarterly, and annual reporting requirements.
• Review and approve annual tax returns, audited financial statements, and related workpapers for Low-Income Housing Tax Credit (LIHTC) properties and other partnership entities.
• Coordinate with external accounting firms, tax preparers, auditors, and the company's outsourcing team to ensure timely completion of financial reports and compliance with reporting deadlines.
• Research, analyze, and resolve complex accounting and tax issues, including tax credit adjustments, Section 704(b) capital accounts, depreciation calculations, partnership allocations, capital transactions, and variance analyses.
• Prepare and review quarterly and annual financial reports for investors, lenders, and regulatory agencies, providing supporting documentation and responding to inquiries as needed.
• Maintain and review the general ledger, cash activity, amortization schedules, fixed asset records, acquisition and disposition accounting, management fee schedules, and other partnership accounting records.
• Perform and review monthly bank reconciliations, account reconciliations, and balance sheet analyses, identifying and resolving discrepancies independently.
• Assist with month-end, quarter‑end, and year‑end close processes, ensuring accuracy, completeness, and compliance with internal controls.
• Analyze partnership agreements and apply accounting and tax treatments related to ownership changes, capital contributions, distributions, refinancing, and property dispositions.
• Identify opportunities to improve accounting processes, reporting efficiency, internal controls, and documentation; recommend and implement process improvements.
• Serve as a resource and mentor to Partnership Accountant I staff by providing guidance, training, and reviewing work as assigned.
• Collaborate effectively with Corporate Accounting, Asset Management, Fund Management, Disposition, Legal and Underwriting Department, and external business partners to resolve accounting matters and support organizational objectives.
• Participate in special projects, system implementations, and other accounting initiatives as assigned.
• Perform other duties as assigned.

Requirements

Preferred Qualifications:

• Bachelor's degree in Accounting or Finance required.
• 3+ years of progressive accounting experience, including partnership accounting; experience with Low-Income Housing Tax Credit (LIHTC) entities preferred.
• Working knowledge of GAAP, partnership accounting, and partnership taxation.
• Experience preparing and reviewing financial statements, partnership allocations, and tax reporting packages.
• Proficiency with ERP/accounting systems and Microsoft Excel.
• Strong analytical, organizational, and problem‑solving skills with the ability to work independently.
• Excellent written and verbal communication skills and the ability to build effective working relationships with internal and external stakeholders.
• Ability to work independently on routine assignments while seeking guidance on more complex issues.

The above information is intended to describe the general nature and level of work being performed by employees assigned to this job. It is not intended to be an exhaustive list of all responsibilities, duties, and skills required.

Benefits & Opportunities

• WNC is an equal opportunity employer that is committed to a diverse and inclusive workforce that considers all qualified applicants without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
• WNC offers a competitive benefits package which includes medical, dental, and vision insurance, paid time‑off, 401k match, life insurance, and long‑term disability.

The compensation listed represents the expected salary for this position. A candidate's work experience and other job‑related factors will also be considered.