Property Accountant

Job Description

Job Description

Who We Are: Through the development, ownership, and operations of affordable housing properties, Bellwether Housing has been a trailblazer in transforming the lives of lower-income individuals and families in our region. As the largest non-profit housing provider in the Pacific Northwest, Bellwether is a leader in State and local housing policy issues, an innovator in financing and housing development strategies, and a trusted partner to a diverse array of organizations in our community, while providing resident and real estate development services to other mission-driven non-profits around Western Washington.

Salary: $81,100-$99,100/annually

The posted salary reflects the full pay range for this position. Offers made to qualified candidates will be made within this range and will be determined by various factors, including knowledge, skills, experience, qualifications, location, and other factors that would be critical to success in this role.

Position Overview:  As a Property Accountant, you'll be a key member of our accounting team. In this role, you will initiate, assist with, and complete the processing of complex financial and budget transactions and manage all accounting procedures for an assigned portfolio of affordable housing properties to ensure Bellwether Housing's overall financial health. 

You will also be responsible for computing and processing closing entries, owning these processes, and producing reliable, timely audit and management reports, along with variance analyses. Additionally, you will coordinate the collections process for accounts receivable to maximize recovery. As a Property Accountant, you should possess a strong understanding of the accounting cycle and the US GAAP. The ideal candidate has a strong background in accounting, excellent attention to detail, and deep knowledge of affordable housing regulations, including LIHTC, HUD, and other federal subsidy program requirements. 

Work Schedule: Hybrid, 3 days on-site. Monday-Friday, 9:00 am-5:00 pm. The final schedule is to be determined by the supervisor.

Your Impact:

• Assist with the month-end and quarterly reconciliations of the general ledger close, including reconciliation of key accounts, maintenance of roll-forwards, and journal entry review. 
• Review the trial balances and financial statements for completeness, accuracy, and conformity to Generally Accepted Accounting Principles (GAAP). 
• Review and interpret financial operating results of various departments, buildings, and the Consolidated level.
• Monitor property-level Accounts Receivables and A/R Aging.
• Collaborate with property managers and portfolio managers about delinquencies, tenant ledgers, and associated issues. 
• Proactively monitor and respond to significant operating variances. 
• Assist the Portfolio Managers with general ledger coding advice, ledger reconciliation, and property-specific financial analysis. 
• Review monthly financial activity with Bellwether Portfolio Managers and Asset Management to analyze operating results and variances affecting Bellwether’s properties. 
• Support the preparation and delivery of the financial reporting package for Controller and CFO review; ensure reports are accurate, complete, and prepared on schedule. 
• Assist with the annual financial statement audits (Tax Credits and Non-profit Audit). 
• Assist with the Cost Certification Process.
• Periodically perform ad hoc research and analysis. 
• Act as a subject matter expert for financial systems & evaluate the financial systems for process improvements. 
• Assist with the annual budgeting process. 

Who You Are:

• Bachelor's degree in accounting, finance, and/or related field preferred. 
• 2-3 years of progressive experience in accounting and financial statement preparation. 
• Experience with financial reporting software. 
• Experience with interpretation and application of Generally Accepted Accounting Principles (GAAP). 
• Ability to collaborate and work with all departments in the organization; to keep lines of communication open to assist with finance-specific needs and requests for information and guidance. 
• Proficiency in MS Office 365 Suite, including the ability to develop advanced spreadsheets, manage databases, and produce meaningful charts and graphs within Excel. 
• Proven ability to organize and prioritize multiple projects. 
• Excellent independent analytical, problem-solving, and decision-making skills. 
• Effective verbal and written communication and relationship-building skills.
• Ability to relate to and collaborate with team members, stakeholders, and government agencies. 
• Experience with Yardi Voyager ERP system 
• Development accounting experience and experience with a real estate organization that constructs and manages properties. 
• LIHTC (Low-Income Housing Tax Credit) and affordable housing experience 

• You thrive in inclusive environments and have a passion for connecting with individuals who share a wide range of experiences. At your core, you are committed to and value equity, inclusion, and respect.

What We Offer:  Bellwether Housing is your platform for growth, empowerment, and purpose. When you join our team, you will receive:

• Competitive compensation accompanied by a generous benefits package.
• Medical, dental, and vision insurance.
• A 403(b)-retirement plan with an employer match, guiding you towards a prosperous future.
• Fuel for your personal and professional development with up to $1,500 in employer-paid continuing education per year.
• An ORCA Transit Pass to navigate the city with ease.
• Up to 24 paid days off in your first year, prorated personal days renewed annually, and 8 paid office closure days.
• The chance to be part of a transformative mission, leaving a mark on the lives of those we serve in our communities. 

At Bellwether Housing, you will elevate your career in a role that's as rewarding as it is impactful, where you’ll be part of a movement that is helping shape the future of affordable housing in Seattle and where diversity, equity, inclusion, and belonging are the pillars of our success.

Bellwether Housing embraces a workplace that is diverse, equitable, and inclusive, and is dedicated to building a team that is made up of a variety of backgrounds, perspectives, experiences, and skills that reflect the populations we serve. We are committed to being an anti-racist organization, while acknowledging we have a long way to go. You can learn more about our DEI work on our website.

Work Authorization: All applicants must be currently authorized to work in the United States on a full-time basis. We are unable to sponsor employment visas.

Bellwether Housing is an equal opportunity employer. We will not discriminate based on race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. We support the Americans with Disabilities Act (ADA) to reasonably accommodate all qualified applicants [and employees] by providing reasonable accommodations to people with disabilities. To request Reasonable Accommodation for the application or interview process, please contact View email address on us.fitly.work.

Note: This role requires successful completion of a background check in accordance with Seattle’s Fair Chance Employment Ordinance. 

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