Assistant Controller | Affordable Housing | Yardi

Job Description

Assistant Controller | Affordable Housing | Yardi

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A well-established and growing real estate organization is seeking an Assistant Controller to join its accounting team in a newly created position. This is an excellent opportunity for a hands-on property accounting professional with strong affordable housing experience who is ready to take the next step in their career.

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The organization oversees a substantial portfolio of residential properties, with a significant focus on affordable and regulated housing, including LIHTC, Section 8, rent-stabilized, and other subsidized housing programs. The team is well-run, collaborative, and stable, with many employees having built long-term careers within the organization. This is not a turnaround or cleanup role; the accounting function is established and supported by a team of approximately eight accounting and AP/AR professionals.

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Responsibilities

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• Oversee month-end and year-end close processes across multiple property entities, including preparation and review of balance sheets, income statements, cash flow reports, and supporting schedules.
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• Review property general ledgers, non-recurring journal entries, bank reconciliations, tenant sub-ledgers, and other accounting records for accuracy and completeness.
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• Prepare, input, and monitor annual operating budgets while analyzing budget-to-actual variances and assisting with cash flow forecasting.
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• Oversee operational cash management, including electronic fund transfers, positive pay exceptions, and construction and operating bank accounts.
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• Ensure compliance with program-specific accounting and reporting requirements related to LIHTC, HUD Section 8, HDC/HFA, bond-financed properties, and other affordable housing programs.
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• Assist with HUD Voucher Management System reporting, reconcile subsidy receipts, and research and resolve funding discrepancies.
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• Monitor financial operations in accordance with Land Use Restriction Agreements (LURAs), Extended Use Agreements (EUAs), and other affordable housing regulatory requirements.
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• Serve as a primary finance contact for tax credit, limited partner, and housing authority audits, preparing work papers, schedules, roll-forwards, and other required documentation.
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• Manage work-in-progress closeouts for both general and limited partner entities and assist with the formal closeout of dissolved partnerships.
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• Help implement and maintain strong financial controls, accounting policies, procedures, and risk management practices across the portfolio.
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• Collaborate closely with property management, AP/AR, and other internal teams to ensure accurate and timely financial reporting.
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• Provide hands-on support to the broader accounting team and help drive continued process improvement as the organization grows.
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Qualifications

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• 6+ years of property accounting experience, with significant experience in affordable housing.
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• Strong understanding of LIHTC, Section 8, and other affordable/regulated housing programs.
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• Yardi experience is highly preferred and effectively required for this role.
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• Bachelor’s degree in Accounting, Finance, or related discipline.
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• Strong understanding of month-end/year-end close, financial reporting, budgeting, reconciliations, and cash management.
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• Excellent organizational, analytical, interpersonal, and communication skills.
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• Ability to manage multiple entities, deadlines, and priorities in a fast-paced environment.
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• Hands-on, detail-oriented approach with the ability to take ownership of responsibilities.
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Compensation: $100,000 - $115,000 plus company contribution towards health benefits and other valuable perks.

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The above salary range represents Advice’s good faith and reasonable estimate of the possible base

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compensation range at the time of posting and is not reflective of the total compensation package, which may also include benefits, equity, and other non-cash incentives.

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Please send your resume for immediate consideration to: View email address on ziprecruiter.com

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If you are not currently interested, but know someone who might be, please feel free to forward this ad along to that individual. Referrals are always greatly appreciated.

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Advice Personnel

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