Property Management Accountant

New Destiny is seeking a detailed oriented, experienced, and responsible Project Management Accountant to join the Finance and Administration Department to work closely with the Property Management Department and Housing Development Department in managing Low-Income Housing Tax Credit (LIHTC) buildings’ day to day accounting tasks. The Property Management Accountant will be responsible for all LIHTC buildings’ rent receipts and bill payments, including entering rent payments and depositing into the banks in person or remotely, making payments according to company’s protocols, performing monthly bank reconciliations, assisting in annual budgeting and audits. This position reports directly to the Controller and has the following responsibilities:

 Duties and Responsibilities    

Rent receipt
•    Record rent received via checks, money orders, and direct deposit in Rent Manager and make deposits on a weekly basis in person or remotely
•    Reverse the rent payment for any reversed online payment or bounced checks in Rent Manager
•    Review items in “Undeposited Funds” at quarter end and make recommendation on reclassification
•    Investigate background of long outstanding receivables and make recommendation on bad debt reserve

Bill Payment
•    Review bill payment in Rent Manager, obtain management approval per NDHC’s policy, and make payments via check, ACH, or wire transfer
•    Organize invoices and vendor information, including W-9 forms, and ensure the information is audit-ready on quarterly basis
•    Prepare and file 1099 forms for all buildings’ applicable vendors

Cash & Reserve
•    Perform monthly bank reconciliations and investigate any long outstanding items as needed, including operating accounts, reserve accounts and tenants’ security deposit accounts
Fixed Assets
•    Identify capitalized items per NDHC’s capitalization policy, obtain information from the property management team, and add the item into fixed assets roll forward schedule
•    Perform a roll-forward on quarterly basis and ensure the depreciation expenses and accumulated depreciation are recorded properly in Rent Manager

•    Inquire with the property management team regarding any fixed assets disposal/retirement on semi-annual basis and adjust the fixed assets list accordingly
Mortgage
•    Make monthly payments as required by the loan agreements and record interest, principal repayments, and reserve changes
•    Perform a roll-forward on a quarterly basis and ensure interest expenses and accrued interest are properly recorded
Budgeting & Reporting
•    Assist the property management team and provide information as needed in annual budgeting process.
•    Generate monthly balance sheets, actual vs budget PTD and YTD comparison, trial balances, general ledgers as requested by the management.

Annual Audits
•    Assist the Controller to provide requested information to auditors 
•    Assist the Controller in reconciling due to/due from accounts as requested
•    Perform accruals on a semi-annual basis for fuel, utilities, water & sewage, front door monitor / security, monitoring fee, accounting fee, etc. as instructed by the Controller
•    Reconcile construction costs for projects under development as instructed by the Controller
•    Assist the CFO and the Controller as needed during partnerships’ audits and consolidated audits

Ad Hoc tasks assigned by the CFO or Controller.

Qualifications

•    Bachelor’s degree in accounting, finance or related degree required, CPA preferred, master’s degree preferred
•    Minimum 3 years progressive accounting experience required with at least 2 years in accounts payable or similar positions preferred
•    Experience in property management / real estate industry, particularly in multi-family and affordable housing experience strongly preferred
•    Experience working with property management and bookkeeping software preferred, such as: Rent Manager, Buildium, Yardi Breeze, Fund EZ, and QuickBooks
•    Experience in budgeting and fluctuation analysis preferred
•    Experience working with auditors to prepare year end reporting package and supporting documentation preferred
•    Proficiency in Excel and other MS Suite programs, particularly large data sorting, grouping, and filtering strongly preferred
•    Demonstrate strong written and verbal communication skills, adept at prioritizing and managing multiple tasks with time-sensitive deadlines required
•    Detail-oriented, organized, self-motivated, and problem-solving individual with professional curiosity 

 Compensation/Benefits    
$65K - $70K per year with competitive benefits and a hybrid work schedule. This is a full-time position with a benefits package including medical, dental, vision, short disability, PTO paid holidays, and 401(k). EOE

Salary : $65,000 - $70,000