Property Accountant

4 weeks ago

Foster City, California, United States MidPen Housing Full time
Job Summary

The Property Accountant is a key member of the MidPen Housing Corp. team, responsible for the financial closing and reporting of a multiple partnership portfolio. This role requires a strong analytical mind, excellent communication skills, and the ability to work independently. If you have a passion for accounting and finance, and a desire to make a difference in the lives of others, we encourage you to apply for this exciting opportunity.

Key Responsibilities

* Analyze and interpret financial information, compiling and reporting data for assigned portfolio of properties
* Prepare complex account reconciliations and journal entries, performing ongoing analytical review in support of the monthly close process
* Ensure all inter-entity transactions are in balance, analyzing variances prior to financial reporting close
* Read and understand compliance and partnership documents, including regulatory and loan agreements, as well as the accounting treatment associated with each document
* Proactively research and document conclusions on accounting issues, with a thorough understanding of relevant GAAP pronouncements
* Participate in meetings to communicate and share accounting and analysis information
* Prepare annual audit schedules and work with external auditors to complete audited financial statements and tax returns, ensuring all are filed within the timeline of partnership and other agreements
* Review and understand audits and footnotes prepared by external auditors, monitoring adherence to audit requirements and ensuring full compliance in accordance with regulatory agencies
* Confirm surplus distributions are correctly calculated and appropriately distributed
* Present financial information and answer accounting questions to management and boards of directors, as requested
* Provide ad-hoc reporting, as needed
* Review work prepared by the outsourced accounting team

Requirements

* Bachelor's degree in Accounting or Finance, with three years of experience in accounting and financial analysis, or an equivalent combination of education and relevant experience
* Experience using Property Accounting ERP software, with a working knowledge of leasing and rents - Real Page and OneSite software experience preferred
* Strong GAAP knowledge required
* Experience in accounting for partnerships and related party transactions preferred
* Proficient in Microsoft Office, including Excel, Word, One Drive, and Outlook
* Strong ability to work independently and explain financial concepts
* Detailed oriented, with a high level of accuracy in producing work product
* Highly organized, with the ability to multi-task, track progress, and balance priorities
* Excellent written and verbal communication skills
* Ability to communicate with diverse parties within the Accounting team, Property Management, and Asset Management teams, and work collaboratively with those parties
* Possess the ability to analyze complex accounting transactions, understand complex accounting treatment of a variety of transactions, and resolve discrepancies in the financial data as part of the period closing process
* Must possess a valid California Driver's License, proof of current auto insurance, and reliable transportation
* Commitment to the Mission and Values of MidPen Services and MidPen Housing

What We Offer

* A best-in-class benefit package, including healthcare options, dental, vision, life & disability insurance, and a wide range of voluntary benefits
* 403(b) retirement investment opportunity and annual financial literacy and retirement planning options
* FSA for childcare, medical and commuter benefit options, Employee Assistance program, and pet insurance for our furry, feathered, and scaled friends
* 14 paid company holidays, including a paid winter holiday break between Christmas and the New Year
* 4 paid wellness days for employees to disconnect and recharge
* Up to $3,000 annually ($12,000 lifetime maximum) for education assistance with tuition reimbursement and/or loan debt relief, including qualified family members
* Paid time off parental leave benefit of 12 weeks in a 12-month period for new or expecting parents

About MidPen Housing

MidPen Housing Corp. is a non-profit developer and steward of affordable housing, committed to providing safe, affordable housing of high quality to those in need. We build communities that change lives, establishing stability and opportunity in the lives of residents, and fostering diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect. We take pride in delivering affordable housing solutions, and we invite you to join us on a journey toward social, economic, and racial equity.

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