Lead Accountant, Property Management

Summary

Reporting to an Accounting Manager, this position is responsible for independently owning and ensuring accuracy of the monthly financial statements for an assigned portfolio of properties. Portfolio contains a mix of stabilized and newly developed projects. The apartment projects range in size from 17 to 350 units, with an average size of 120 units. 

This role is responsible for communicating financial results to all levels in the organization and is able to work with a variety of team members in other departments including property management, asset management and social services. 

This position requires advanced technical accounting skills, with a desire to continually show interest in learning and applying changes in the industry to their work. Just as important is the ability to collaborate and communicate effectively both orally and in writing. 

Responsibilities

FINANCIAL STATEMENTS

• Provide continuous feedback and guidance to the external outsourcing team. 
• Oversee accuracy and integrity of general ledger, ensuring proper coding and posting transactions. 
• Work independently to analyze, investigate and explain budget variances, seeking input from Asset Managers and Property Supervisors as necessary. 
• Collaborate with Asset management and property management to ensure tenant ledger accuracies and track financial performance identifying trends
• Ability to research issues independently by consulting appropriate departments or permanent file documents in order to make a recommendation on how to properly record an accounting entry for acquisitions and/or more complicated projects
• Independently collaborate with Asset Management, Property Management and other teams to perform debt-service coverage ratio analysis  
• Work through deadlines involved in perm loan conversion
  1. Assist in calculation of source swaps
  2. Record the closing statement and research issues with Dev Accounting and PMs
• Construct waterfalls for new properties 
• Work to record vertical journal entries for entire portfolio
• Review and analyze monthly surplus cash to BRIDGE and other entities based on Limited Partnership Agreement structure
• Conduct financial analysis to identify trends, variances and potential issues providing insights for decision making. 

EXTERNAL AUDITORS

• Provide supporting documentation and collaborate with external auditors during interim and year end audit season.
• Reviews and provides comments on the audit and footnotes prepared by the external auditors ensuring full compliance accordance with regulatory agency.

TRAINING AND INDUSTRY KNOWLEDGE

• Assist in new process formation and documentation
• Effective trainer of new staff; ability to answer questions and train Staff Accountants
• Document training programs for onboarding positions
• Demonstrates ability to learn new accounting standards and share with the rest of the team
• Engages team members in project and demonstrates leadership

SPECIALIZED REPORTING AND AD HOC PROJECTS

• Acts as backup for manager or individual contributor 
• Able to understand big picture within industry and BRIDGE
• Develops and submits ad hoc reporting as needed to external entities 
• Performs various projects and analysis as required 

COMMUNICATION AND PROCESS IMPROVEMENT

• Continuously seeking opportunities to streamline the close process while ensuring quality and accuracy of the financial statements.
• Develops recommendations for effective and efficient process and participates in cross department projects.

Qualifications

• 4-5 Years of experience in accounting field
• Ability to autonomously handle daily responsibilities and projects with minimal direction.

• Ability to effectively train and coach staff level and external accountant(s).
• Ability to assimilate a variety of information from diverse individuals, and make decisions for
• which a precedent may not exist.
• Ability to improve existing processes and systems.
• Excellent written, oral and presentation skills, writing sample required.
• Must be accurate, organized, and highly detail-oriented with the ability to multi-task and follow-through on all projects.
• Ability to work collaboratively with different levels of staff and management.
• Ability to work under pressure and successfully meet deadlines.
• Excellent decision-making, interpersonal and time management skills.
• Ability to work harmoniously in a multi-cultural team.

Preferred Qualifications

• Experience with Yardi
• Prior low income housing finance and development experience
• 3+ years of relevant property management accounting work experience

BRIDGE Housing is an Equal Opportunity Employer committed to fostering an inclusive environment for our diverse workforce. We do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, marital status, veteran status, or disability. Pursuant to applicable state and local regulations, we will consider qualified applicants with arrest records.