Corporate Accounting Manager

Harmony Housing Affordable Development Inc. ("HHAD") is among the largest real estate developers of affordable rental housing in the United States. Our mission is to positively impact communities by creating and preserving quality affordable housing for low-wealth households. HHAD is a wholly owned subsidiary of Harmony Housing, a 501c3 not-for-profit owner and operator of affordable housing.

Our fast-growing organization is currently seeking a detail-oriented and experienced Corporate Accounting Manager to join the expanding Corporate Operations Team. This individual will play an integral role in the growth of HHAD's affordable housing development business. The ideal candidate will be responsible for managing the financial aspects of the operations as well as the affordable housing projects, ensuring compliance with regulatory requirements and providing accurate financial reporting to internal and external stakeholders. This position works in close coordination with HHAD's Construction, Development, Finance, and Executive teams and is based in our Raleigh, North Carolina office, reporting to the Executive Vice President.

This position is responsible for managing all aspects of HHAD's corporate-level accounting, financial operations, routine reporting, and serves as the primary accounting liaison to internal and external partners. Key responsibilities include establishing and maintaining accounting systems to track financial and job/cost information for development projects with multiple funders; ensuring that recording structures apply the appropriate generally accepted accounting principles (GAAP); and oversight of construction project funding and draw processes to ensure the timely distribution of costs to the appropriate funding sources. This position requires a great deal of autonomy and accountability, along with strong experience in financial analysis, housing tax credits, general accounting practices, critical thinking and problem solving, negotiating, networking, and teamwork.

Primary Duties and Responsibilities:

Corporate Finance & Accounting:

• Support senior leadership with annual corporate-level budgeting and periodic reforecasts
  • Manage corporate cash flow forecasting, treasury operations, and intercompany account reconciliations
  • Collaborate with the Project Teams to track, update, and report project-level financials for pipeline developments, including accrued developer fees earned and paid, deferred developer fees outstanding with collection monitoring, pre-development cost advances, and other related items
  • Reconcile development project receivables and provide monthly report on HHAD pre-development advances and estimated repayment schedules
• Reconcile Trustee, construction related bank accounts for all projects, and operational bank activities
• Direct the preparation of quarterly guarantor financial statements, ensuring accuracy, completeness, and compliance with GAAP
• Maintain the Company's Schedule of Real Estate Owned (REO) and Schedule of Contingent Liabilities, ensuring accuracy and completeness
• Maintain and enhance internal controls and accounting policies to ensure compliance with GAAP and organizational standards
• Maintain metrics and databases for investment, financial and expense performance analysis

Audit & Tax:

• Coordinate the preparation of corporate-level audits and tax filings with external auditors and accountants
• Coordinate the preparation of property-level audits and tax filings with external auditors and accountants, ensuring compliance with partnership and loan agreements, as well as annual owner reporting to state agencies
• Manage support schedules including investor tax certifications, cost certifications, equity adjuster calculations, and relative compliance tests

Compliance:

• Ensure continuous adherence to local, state, and federal regulations related to affordable housing financing and reporting
• Prepare and submit required reports to funding agencies, regulatory bodies, and stakeholders in a timely manner
• Review project partnership and financial documents and ensure funding terms and conditions are consistently maintained
• Help manage the Company's allocation of Capital Magnet Funds ("CMF") by coordinating disbursements and ensuring compliance with all reporting requirements to the CDFI

Experience, Skills, and Abilities Required:

• Bachelor's degree in accounting, finance, or a related field; CPA is preferred, but not required
• Minimum of (6) years of experience in accounting, corporate finance, or related role
• Experience in accounting processes for LIHTC and tax-exempt bond properties, and familiarity with affordable housing funding programs and compliance regulations
• Ability to work independently
• Demonstrated analytical, problem-solving, and decision-making skills
• High-energy, accurate, organized, highly detailed, and results-oriented professional with demonstrable ability to successfully manage multiple projects and successfully work under pressure of strict deadlines
• Excellent written and oral communication skills with an ability to clearly and concisely express ideas, thoughts, and concepts verbally and in writing
• Strong financial and analytical skills, as well as advanced computer skills (Excel, Word, Adobe and SmartSheet); spreadsheet management experience including the ability to link and transfer data
• Ability to manage daily responsibilities and projects with minimal direction, while also working in close collaboration with a team to provide solutions where needed
• Ability to maintain a "big picture" focus while attending to very detailed work and providing thorough documentation
• Resourceful, flexible and maintain the ability to react and respond quickly towards positive outcomes
• Strong personal standards and values consistent with HHAD's core values (entrepreneurial, integrity, caring, and excellence)

A satisfactory background check will be required as part of the selection process.

At Harmony Housing Affordable Development (HHAD), we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build a work environment that empowers all individuals with opportunities to channel their entrepreneurial spirit. HHAD is an EEO employer.

This job description is not inclusive of all responsibilities, skills, requirements, efforts or working conditions associated with this position. While this job description is intended to be an accurate reflection of the current position, management reserves the right to modify the position or to require that other or different tasks be performed when circumstances change. This job description replaces all previous descriptions for this position.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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