Property Accountant

Property Accountant

About the Opportunity


Our client is seeking an experienced Property Accountant to oversee the financial operations of a portfolio of affordable housing properties operating under the Low-Income Housing Tax Credit (LIHTC) program. This role is ideal for an accounting professional who enjoys working in a multi-entity environment, managing complex reconciliations, and partnering with property management and compliance teams.


The ideal candidate will bring a strong understanding of LIHTC accounting, partnership accounting, compliance reporting, and affordable housing operations while contributing to a collaborative, team-first culture.

Key Responsibilities for the Property Accountant

Property Accounting & Financial Reporting

• Prepare monthly, quarterly, and annual financial statements for assigned LIHTC properties
• Manage general ledger activities including journal entries, accruals, amortizations, depreciation, and reconciliations
• Reconcile bank accounts, A/R, A/P, reserve accounts, security deposits, and intercompany transactions
• Maintain schedules for fixed assets, debt, reserve balances, escrow accounts, and prepaid expenses

Compliance & Investor Reporting

• Ensure accounting activities comply with LIHTC regulations, partnership agreements, and lender requirements
• Prepare supporting schedules for annual audits and cost certifications
• Assist with partnership tax reporting, including Forms 1065 and K-1 tracking

Budgeting, Forecasting & Analysis

• Assist with annual operating and capital budgets
• Prepare monthly variance analyses and explain budget-to-actual fluctuations
• Monitor property cash flow, reserves, and capital expenditure activity
• Provide financial insights and recommendations to management

Cross-Functional Collaboration

• Partner with property management, compliance, and asset management teams
• Support lease-ups, refinancing projects, rehabilitation projects, and property acquisitions
• Provide financial reporting and analysis to ownership groups and investors
• Serve as a resource to property managers regarding financial performance and reporting

Systems & Process Improvement

• Identify opportunities to improve accounting processes, workflows, and internal controls
• Support ERP and property management system enhancements
• Develop best practices around reserve tracking, compliance deadlines, and reporting requirements

Qualifications for the Property Accountant

Required:

• Bachelor's degree in Accounting, Finance, or related field
• 3-5 years of accounting experience
• At least 2 years of LIHTC, affordable housing, HUD, RD, HOME, or related housing program experience
• Strong understanding of GAAP and real estate/property accounting
• Advanced Excel skills including Pivot Tables, VLOOKUPs, and XLOOKUPs
• Ability to manage multiple properties, deadlines, and reporting requirements

Preferred:

• Experience with Yardi, RealPage, MRI, or similar property management systems
• Partnership accounting experience
• Experience with layered financing programs including HOME, CDBG, Tax-Exempt Bonds, PBRA, PBV, or RD
• Experience supporting investor reporting and syndicator compliance
• CPA or CPA-track candidate

Why This Role?

• Opportunity to work with a growing portfolio of LIHTC and affordable housing properties
• High-impact role with exposure to property operations, compliance, and investor reporting
• Collaborative team environment with experienced leadership
• Opportunity to expand expertise in affordable housing, partnership accounting, and real estate finance
• Meaningful work supporting housing initiatives that strengthen communities
• Exposure to budgeting, forecasting, audits, and strategic property analysis

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