Accounting Manager

Accounting Manager

The Accounting Manager oversees the financial stability, accuracy, and reporting for all properties within the organization's property management portfolio. This role provides strategic accounting leadership across a growing affordable housing portfolio and works closely with executive leadership, property management, asset management, and development teams.

While the Accounting Manager directly supervises Staff Accountants, this position plays a critical leadership role in mentoring staff, strengthening accounting operations, and fostering productive relationships with investors, lenders, auditors, community partners, and state agencies.

Essential Duties & Responsibilities

Leadership & Collaboration

• Promote and model a company culture aligned with our mission, vision, and values.
• Partner with the Director of Property Management, CFO, Controller, and Asset Management to ensure financial stability and maximize property cash flow.
• Build and maintain professional relationships with investors, lenders, auditors, regulators, and community partners.
• Participate in the Deal Review Committee and internal training sessions as needed.
• Provide leadership, coaching, and development support to accounting staff.

Financial Oversight & Reporting

• Oversee monthly, quarterly, and annual financial reporting and ensure timely submission for stakeholders and investors.
• Facilitate month-end closing procedures in collaboration with Property Management and Staff Accountants.
• Review and post adjusting journal entries (AJEs) and annual waterfall calculations.
• Conduct quarterly financial reviews with Property Management and Asset Management teams.
• Ensure timely and accurate annual audits and regulatory filings.
• Ensure compliance with LIHTC requirements and other affordable housing regulations.

Accounting Operations & Systems

• Lead accounting transitions for newly developed or acquired properties.
• Establish accounting, depreciation, and reserve schedules for new properties.
• Assist with RealPage implementation and configuration.
• Set up property bank accounts and determine reserve structures, including operating, supportive services, and tax/insurance escrow accounts.
• Facilitate monthly and corrective cash transfers.
• Ensure accurate and timely filing of 1099s for partnership entities.

Planning, Compliance & Process Improvement

• Assist with the annual budgeting process (July–August).
• Support Development with breakeven analysis and operating underwriting.
• Evaluate and enhance accounting structure, policies, and procedures to support organizational growth.
• Drive workflow efficiency while maintaining proper segregation of duties.
• Stay current with industry trends, best practices, and regulatory requirements.

Human Resources & Organizational Development

• Collaborate with senior leadership and HR on staffing, onboarding, performance management, and training for accounting personnel.
• Help anticipate staffing needs for upcoming property development and acquisitions.
• Establish and periodically review departmental policies, procedures, and documentation.

Additional Responsibilities

• Conduct presentations for business or community groups as requested.
• Travel to property sites as needed to review accounting systems and procedures (approximately 5%).
• Complete special projects and other duties as assigned.

Required Qualifications

• Bachelor's degree in Accounting, Business, Economics, or a related field from an accredited institution.
• Demonstrated experience with the Low-Income Housing Tax Credit (LIHTC) program (required).
• Proven ability to manage, coach, and evaluate staff; effectively delegate and set performance expectations.
• Strong leadership skills with the ability to contribute to organizational strategy and decision-making.
• Excellent interpersonal and communication skills; able to build trust with leadership, staff, regulators, and industry partners.
• Strong analytical, organizational, and problem-solving abilities with exceptional attention to detail and accuracy.
• Ability to work independently, manage competing priorities, and meet deadlines.
• Proficiency in Microsoft Word, Excel, PowerPoint, Outlook, Teams, BambooHR, RealPage, and general computer systems.

Preferred Qualifications

• Master's degree and/or CPA certification.
• Ten (10) years of experience in accounting, finance, development, or related fields.
• Four (4) or more years of progressive management and leadership experience.
• HCCP or similar certification.
• Considerable working knowledge of affordable housing production programs.

Working Conditions

• Occasional day and overnight travel (approximately 5%).
• Regularly required to sit, stand, and use hands to handle or operate office equipment.
• Occasional walking, reaching, stooping, kneeling, or crouching.
• Vision requirements include close vision, distance vision, and the ability to adjust focus.

Driving Requirements

• Valid driver's license and proof of automobile insurance.
• Additional licenses may be required depending on state, local, or property-specific requirements.