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Accounting Manager
2 months ago
Company Overview
AHC (Affordable Homes & Communities) is a mission-driven, non-profit organization committed to developing affordable, workforce, and mixed-income rental housing in the Virginia, Washington DC, and Baltimore regions. With a resident-centric approach, we manage over 8,000 apartment units in 50+ communities, providing educational programs and social services through our Resident Services team.
About the Team
The Finance department at AHC ensures financial integrity within the organization and compliance with regulatory standards across all housing projects.
About the Job
The Project Accountant/Accounting Manager is crucial in overseeing financial operations and compliance for our portfolio of multi-family affordable housing projects. This role requires a detail-oriented individual with financial reporting, compliance, and project management expertise.
Responsibilities
Financial Oversight:
- Perform monthly financial statement reviews for a portfolio of multi-family affordable housing projects.
- Track predevelopment costs for projects in the pre-construction phase and perform accounting and reporting for projects in the construction phase.
- Coordinate and complete annual property audits for the assigned portfolio.
- Review and assist with property budgeting and re-forecasting processes.
- Assist with capital call calculations and ensure timely funding of capital calls.
Compliance Management:
- Review all lender compliance requirements and ensure proper communication and submittal of required lender reporting.
- Coordinate with asset management to ensure compliance with HUD, VHDA, and tax credit programs.
- Manage lender compliance reporting and calculations.
- Coordinate real estate property tax payments and ensure timely completion of tax-basis depreciation schedules.
Interdepartmental Collaboration:
- Assist asset management with data requests regarding property performance.
- Work directly with third-party property accounting teams to ensure timely and accurate financial reporting.
- Manage intercompany reconciliation process and schedule.
Process Improvement:
- Identify opportunities for process improvements in financial reporting and management.
- Stay updated on industry trends and regulatory changes relevant to affordable housing programs.
Qualifications and Skills:
- Bachelor’s or master’s degree in accounting, Finance, or other related fields. CPA not required, but a plus.
- At least four years of equivalent experience with direct responsibility for a portfolio of multi-family real estate assets with responsibility for property-level audit management.
- Familiar with real estate tax process and accruals.
- Familiar with lender compliance and reporting requirements.
- Familiarity with complex ownership structures and capital call processes.
- Experience with property-level budgeting and re-forecasting.
- Proficiency in Microsoft Suite; experience with accounting and finance software.
- Strong analytical, oral, and written communication skills.
- Ability to conduct research, coordinate multiple projects, solve problems, and maintain records effectively.
- Excellent interpersonal and time management skills, with the ability to represent the company to external stakeholders.
- Adaptability to changing business needs and conditions, with a positive attitude towards learning and improvement.
