Accounting Manager

7 days ago

Memphis, TN, United States Alco Management Full time
Job Details

Job Location
TN Alco Management Inc - Memphis, TN

Position Type
Full Time

Education Level
Bachelor

Salary Range
$80000.00 - $90000.00 Salary

Travel Percentage
Negligible

Job Category
Accounting

Description

WHO WE ARE

Welcome to ALCO Management, Inc.

Since 1974, ALCO has successfully acquired, developed, and managed thousands of apartments across the Southeast. Our decades of experience have built a tradition of excellence. With a portfolio focused on affordable apartment properties, we excel at managing vibrant communities-places that people are proud to call home.

Our track record, extensive knowledge of the industry, and dedication to excellence set us apart. We provide quality jobs and growth opportunities for our employees and deliver outstanding value for our investors. But at the end of the day, it is knowing that we create homes for families and seniors that inspires us to keep doing it right.

At a Glance:
  • Manages more than 6,000 apartment homes across 9 states
  • Over 40 years of experience in the affordable housing industry
  • Widely recognized as an expert in government housing programs
As an Accounting Manager, you'll carry forward this legacy-ensuring ALCO's financial operations remain accurate, timely, and aligned with our mission of Building Community.
WHY THIS ROLE MATTERS
  • Strategic Impact: Your expertise ensures the financial strength that supports ALCO's mission and long-term success.
  • Leadership & Growth: You'll guide and develop a talented accounting team, helping them grow while advancing ALCO's financial excellence.
  • Collaboration: You'll partner closely with Operations, Compliance, and Development to ensure financial clarity across the organization.
  • Purpose-Driven Work: Every report, reconciliation, and financial insight contributes directly to ALCO's commitment to Building Community.
OUR MISSION, VISION & VALUES

MISSION:
To own, develop, and manage quality affordable rental housing. We will succeed by following our values. Our success will be measured by the strength of the relationships we build with our partners, which includes our residents, employees, investors, and regulators.

VISION:
Building Community

VALUES:
  • CARING: We will develop relationships that demonstrate care and concern for the well-being, growth, and success of our partners, which includes our residents, employees, investors, and regulators.
  • ANTICIPATION: We will be proactive in identifying needs, opportunities, and trends for the benefit of our partners.
  • RESPONSIVENESS: We will respond timely with appropriate urgency and care.
  • GROWTH: We will build upon our relationships to promote the growth and continued success of our company and the communities we serve.
As Accounting Manager, you'll model these values every day-through leadership, collaboration, and professional integrity.

ABOUT THE ROLE

The Accounting Manager leads ALCO's property accounting operations, ensuring all financial activities are accurate, timely, and compliant. This role oversees the Property Accounting team-providing direction, mentorship, and technical guidance to ensure excellence in monthly close processes, reconciliations, reporting, and audits.

This position is ideal for a detail-oriented accounting professional with property management experience who thrives in a collaborative, fast-paced environment and values both precision and purpose.

WHAT YOU'LL DO

Financial Oversight
  • Review monthly financial statements, reconciliations, and workpapers prepared by the Property Accounting team.
  • Oversee month-end close to ensure deadlines are consistently met.
  • Review General Ledger and Gross Potential Rent Reports for accuracy against Affordable Vacancy Reports.
  • Approve and review monthly bank reconciliations and quarterly account reconciliations for each property.
  • Ensure external reports and regulatory submissions are completed accurately and on time.
Leadership & Team Development
  • Supervise and mentor Senior Property Accountants, Property Accountants, and Accounting Assistants.
  • Provide clear direction, feedback, and professional development opportunities to strengthen team performance.
  • Lead the continual improvement of accounting procedures, templates, and training for new team members.
Collaboration & Communication
  • Partner with Community Managers, Regional Property Managers, and Operations leadership to resolve accounting issues.
  • Coordinate with Acquisitions & Development teams to support accounting during property transitions, sales, and rehabs.
  • Collaborate across departments to promote accurate financial tracking and reporting.
Reporting & Compliance
  • Review cash flow reports and surplus cash calculations for investor and ownership distributions.
  • Assist with or review replacement reserve draw requests.
  • Support Director of Accounting during annual audits and provide accurate, timely responses to auditor requests.
  • Identify process improvements and implement best practices to strengthen efficiency and internal controls.
  • Perform other related duties and special projects as assigned to support departmental and organizational goals.
WHAT YOU BRING
  • Education: Bachelor's degree in Accounting, Finance, or a related field required.
  • Experience: Minimum 3-5 years of accounting experience; property management or affordable housing experience preferred.
  • Knowledge: Strong understanding of GAAP and property accounting; experience with LIHTC or HUD programs is a plus.
  • Technical Skills: Advanced Excel and Microsoft Office proficiency; Yardi Voyager experience is a plus.
  • Leadership: Proven ability to supervise, coach, and develop team members.
  • Mindset: Analytical, organized, detail-oriented, and highly collaborative.
WHAT SUCCESS LOOKS LIKE (6-12 MONTHS)
  • Financial statements and month-end close processes are timely, accurate, and reliable.
  • Accounting team members are supported, engaged, and performing effectively.
  • Cross-department relationships are strong, with improved communication and responsiveness.
  • Process improvements are implemented to enhance accuracy, efficiency, and audit readiness.
COMPENSATION & TIMELINE

Salary Range: $80,000 - $90,000, commensurate with experience.
Timeline: Target hire by Q4 2025

Bonus Eligibility:This position is eligible for a 3% annualBuilding Community Bonusand an additional discretionary bonus, the amount of which will be determined based on performance and organizational factors.

INTERVIEW PROCESS

At ALCO, we follow a structured and collaborative interview process to ensure fairness, clarity, and alignment with our values. The process for the Accounting Manager role will include the following stages:

1. Initial Resume Review (HR & Director of Accounting)
Focus: Screening qualifications, experience, and overall fit for the role.

2. First-Round Interview (Director of Accounting + HR Representative)
Focus: Core accounting competencies, leadership experience, and alignment with ALCO's mission, vision, and values.

3. Second-Round Interview (CFO & Culture and Engagement Strategist)
Participants: Nancy (Chief Financial Officer) and Jamie (Culture and Engagement Strategist, Talent Team)
Focus: Strategic alignment, leadership approach, and cultural fit within ALCO's Accounting & Finance Division and overall organization.

4. Final Interview, at the discretion of the hiring manager (Director of Accounting + Team/Peer Role Representative)

Pre-Employment Requirements: All offers of employment are contingent upon successful completion of a background check and drug screening in accordance with ALCO's policies and applicable law.

We value transparency and efficiency throughout the process-ensuring each candidate has the opportunity to demonstrate their strengths while maintaining alignment with ALCO's mission of Building Community.

Qualifications

WHAT YOU BRING
  • Education: Bachelor's degree in Accounting, Finance, or a related field required.
  • Experience: Minimum 3-5 years of accounting experience; property management or affordable housing experience preferred.
  • Knowledge: Strong understanding of GAAP and property accounting; experience with LIHTC or HUD programs is a plus.
  • Technical Skills: Advanced Excel and Microsoft Office proficiency; Yardi Voyager experience is a plus.
  • Leadership: Proven ability to supervise, coach, and develop team members.
  • Mindset: Analytical, organized, detail-oriented, and highly collaborative.
Knowledge & Skills Requirements
  • Must be able to speak, read and write English.
  • Bachelor's degree in accounting required.
  • Knowledge of Microsoft Office products required. Must have knowledge of VLOOKUP's and pivot tables.
  • Experience with Property Management Accounting is preferred but not required.
Benefits
  • Competitive salaries and bonuses
  • Medical
  • Dental
  • Vision
  • 401(k) plan with employer match
  • Short term disability
  • Voluntary Life (employee, spouse, and dependent)
  • Company paid Long term disability and Life/AD&D
  • Paid Time Off
  • 9 paid holidays
  • Employee Assistance Program
  • Career advancement opportunities
  • Training and Development
  • Must meet criminal background and pre-employment drug screen requirements. EOE.


Bonus Eligibility:This position is eligible for a 3% annualBuilding Community Bonusand an additional discretionary bonus, the amount of which will be determined based on performance and organizational factors.

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