Sr. Property Accountant

Andrews & Cole is currently partnering with a fast-growing multifamily real estate company that is looking for a Sr. Property Accountant to add to the team. The position will report to the Controller and work a hybrid schedule in Woodland Hills.

Objective

You will oversee the monthly financial reporting process for various management companies, including reviewing financial statements, monthly accruals, consolidations, management fee calculations, and cash management. You'll prepare cash flow reports and manage capital improvement draws and capital calls. You'll also handle interim and annual financial audit engagements.

Tasks and Responsibilities

• Oversee monthly financial reporting for property management companies.
• Review preliminary financial reports for accuracy.
• Ensure operating and capital expenses are coded correctly.
• Communicate financial anomalies to the Asset Manager and property management companies.
• Provide accurate financial statements to joint venture partners monthly.
• Provide financial reporting to lenders to comply with loan requirements.
• Assist with annual budget planning.
• Prepare cash flow reports.
• Distribute cash flow to joint venture partners.
• Complete capital improvement draws and capital calls.
• Ensure proof of payment and lien waivers are included in draw or capital call packages.
• Confirm funding is received from lenders or joint venture partners.
• Manage financial audit engagements.
• Coordinate with property management companies to provide auditors with requested information.
• Oversee purchase price allocations reporting for audit requirements and cost segregation studies.
• Assist CPA firms with tax preparation requests.
• Partner with stakeholders to ensure receipt of audited financial statements and tax returns.
• Monitor tenant rent roll, occupancy levels, and income certifications for compliance.
• Track rental revenue, subsidy payment, and reserve funding.
• Maintain financial records for compliance monitoring.
• Track debt covenants, tax credit equity contributions, and funding draws.
• Support LIHTC cost certification audits and IRS filings.
• Ensure timely submission of state and federal compliance reports on LIHTC and affordable housing.

Abilities/Qualifications

• Minimum BA/BS in accounting or finance.
• CPA preferred but not required.
• RealPage property management software experience preferred.
• Knowledge of GAAP Accounting and Affordable Housing reporting requirements.
• Ability to multi-task and work with minimal supervision.
• Strong analytical skills and a positive attitude.
• Ability to communicate with all levels of management.
• 5 years of multi-family real estate experience. LIHTC, HUD, and Affordable housing compliance experience a plus.
• Experience with tax credit syndication, bond financing, and HUD reports a plus.

If you would like to learn more, please email your resume directly to rdesantiago@andrewscole.com.