The Senior Accountant is an integral member of the Finance & Accounting team, responsible for a broad range of accounting functions spanning affordable housing residential properties and commercial real estate assets. This role supports the full accounting cycle for a mixed portfolio that includes Low-Income Housing Tax Credit (LIHTC) partnerships, HUD-assisted residential properties, state-financed affordable housing, and commercial spaces.

The Senior Accountant collaborates cross-functionally with property management, asset management, and development staff. The ideal candidate brings solid affordable housing accounting experience, a working knowledge of commercial real estate accounting fundamentals — including CAM reconciliations and commercial lease administration — and the organizational skills to manage multiple entities and reporting deadlines simultaneously.

KEY RESPONSIBILITIES

General Accounting & Month-End Close

• Perform full-cycle accounting for an assigned portfolio of residential and commercial entities, including journal entries, account reconciliations, and general ledger maintenance
• Execute timely month-end and year-end close processes, including prepaid amortization, accruals, depreciation, and intercompany eliminations
• Reconcile balance sheet accounts monthly and resolve variances in a timely manner
• Maintain fixed asset schedules and depreciation calculations across the portfolio
• Process and code invoices, ensure proper approvals, and support accounts payable and accounts receivable functions

Affordable Housing Program Accounting

• Maintain accurate books for LIHTC limited partnerships in compliance with partnership agreements and investor reporting requirements
• Support preparation of annual cost certifications and track eligible basis, qualified costs, and placed-in-service documentation
• Assist with financial reporting for HUD-assisted properties, including preparation of REAC/FASS-MF submissions and residual receipts calculations
• Track and reconcile reserve accounts (replacement reserves, operating reserves, security deposits) per regulatory agreement requirements
• Prepare financial reports required by state housing finance agencies, HOME program funders, and other public funding sources
• Support annual compliance reporting to LIHTC equity investors and syndicators per limited partnership agreements

Commercial Real Estate Accounting

• Maintain accounting records for commercial properties including retail, office, and mixed-use assets within the portfolio
• Administer commercial lease files, ensuring accurate recording of base rent, percentage rent, rent escalations, abatements, and tenant improvement allowances
• Prepare and process annual Common Area Maintenance (CAM) reconciliations, comparing actual expenses to estimated charges billed to tenants throughout the year
• Calculate and bill CAM, real estate tax, and insurance (NNN) charges to commercial tenants in accordance with lease terms
• Reconcile commercial tenant ledgers, generate rent statements, and manage collections follow-up in coordination with property management
• Review and abstract commercial lease terms to ensure accurate billing setup and ongoing lease compliance tracking
• Coordinate with property management on tenant move-ins, move-outs, and lease modifications, and update accounting records accordingly
• Track tenant security deposits and letters of credit in compliance with lease agreements and applicable state law

Financial Reporting

• Prepare accurate and timely monthly financial statements for assigned entities, including income statements, balance sheets, and cash flow summaries
• Produce variance analyses comparing actual results to budget, providing narrative explanations of significant variances
• Assist in preparation of annual operating budgets for assigned properties in coordination with property management and asset management
• Compile financial data for lender, investor, and agency reporting packages on a monthly, quarterly, and annual basis
• Support preparation of year-end audit workpapers and respond to auditor requests for assigned entities

Audit, Tax & Compliance Support

• Serve as a primary point of contact for external auditors on assigned entities; prepare audit schedules, confirmations, and supporting documentation
• Assist with preparation of partnership tax returns (Form 1065) and related K-1 schedules, coordinating with the Controller and external tax preparers
• Maintain organized and current workpaper files, lease abstracts, and compliance documentation in the company's document management system
• Assist in monitoring compliance with loan covenants, regulatory agreements, and Land Use Restriction Agreements (LURAs)

Systems & Process Improvement

• Utilize property management and accounting software (Yardi, MRI, RealPage, or equivalent) to maintain records, generate reports, and support portfolio-wide initiatives
• Identify opportunities to streamline accounting processes, improve accuracy, and enhance reporting efficiency
• Assist with special projects including system implementations, policy updates, and portfolio acquisitions or dispositions

QUALIFICATIONS

Required Education & Experience

• Bachelor's degree in Accounting, Finance, or a closely related field required
• 5–7 years of progressive accounting experience, with a minimum of 3 years in affordable housing
• Demonstrated working knowledge of LIHTC (Section 42) program requirements and partnership accounting
• Experience with HUD-assisted housing programs and related financial reporting (REAC, FASS-MF, HAP contracts)
• Hands-on experience with commercial lease accounting, including CAM reconciliations and NNN lease billing
• Proficiency with accounting or property management software (Yardi, MRI, RealPage, or comparable platform)

Preferred Qualifications

• CPA license or active pursuit of CPA certification strongly preferred
• Experience with state housing finance agency programs including HOME, CDBG, and tax-exempt bond financing
• Familiarity with HUD Uniform Financial Reporting Standards (UFRS) and REAC financial assessment process
• Experience supporting annual audits for LIHTC partnerships and/or HUD-regulated entities
• Prior experience working within a mixed affordable/commercial real estate portfolio

Knowledge, Skills & Abilities

• Solid working knowledge of GAAP as applied to real estate and limited partnerships
• Understanding of IRS Section 42 LIHTC regulations and the financial compliance requirements of affordable housing programs
• Familiarity with commercial lease structures (NNN, gross, modified gross) and the mechanics of CAM reconciliation
• Strong analytical and problem-solving skills with a high degree of accuracy and attention to detail
• Ability to manage multiple entities and competing deadlines without sacrificing quality
• Proficient in Microsoft Excel (pivot tables, VLOOKUP/XLOOKUP, financial modeling); experience with financial reporting tools a plus
• Effective written and verbal communication skills; comfortable working with property managers, lenders, and auditors
• Self-motivated and organized, with a collaborative working style and commitment to the organization's affordable housing mission

Pay: Up to $75,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• 403(b)
• Dental insurance
• Disability insurance
• Employee discount
• Health insurance
• Life insurance
• Opportunities for advancement
• Paid sick time
• Paid time off
• Parental leave
• Retirement plan
• Vision insurance

Work Location: In person