Senior Accountant, Affordable Housing Group

Description

About TruAmerica
Founded in 2013, TruAmerica Multifamily is a privately held, fully integrated real estate investment firm specializing in multifamily properties across high-growth markets. With over 60,000 units in 25 markets and $16 billion in assets under management, we are recognized as one of the Top 25 apartment owners in the U.S. according to the National Multifamily Housing Council (NMHC). Our success is driven by a commitment to strategic acquisitions, redevelopment, and best-in-class property management.

Position Summary
The Senior Accountant (Affordable Housing) plays a critical role in the financial management and oversight of our affordable housing portfolio. This role involves coordinating closely with joint venture (JV) partners, asset managers, and lenders to ensure timely and accurate financial reporting, capital management, and compliance. The ideal candidate thrives in a fast-paced environment, demonstrates strong attention to detail, and possesses a deep understanding of affordable housing operations.

Key Responsibilities

Banking & Reconciliation

• Download and reconcile bank statements for Rehab and other accounts.

Financial Reporting & JV Coordination

• Conduct monthly financial reviews and prepare schedules requested by JV partners (e.g., ETL mapping, member equity schedules).
• Attend monthly JV calls or respond to financial questionnaires.
• Create and maintain Preferred Interest Schedules and Cash Flow Calculations.
• Update AMF and CMF schedules including accounting fees.
• Prepare SREO analyses quarterly.

Distributions & Capital Management

• Process monthly/quarterly distributions, including wire transfers and approvals.
• Coordinate with AMs on preliminary financials and distribution approvals.
• Manage capital calls and lender draw processes (Capex, Replacement Reserve, Repair, Green Improvements).
• Update and reimburse Capex schedules.

Lender & Tax Reporting

• Upload monthly/quarterly reports to lenders.
• Download and coordinate payment of RE tax and PPT bills, including personal property tax filings.
• Handle quarterly franchise and sales/use tax filings, including certified mail requirements.

Budgeting & Projections

• Assist with below-the-line budgeting items.
• Support JV partners with annual cash flow projections.

Operational Support

• Support acquisitions and dispositions (JE, Capex mapping, lender draw setup, waterfall/proration reviews).
• Assist with switching property management companies (COA mapping).
• Write financials for housing authorities and respond to tax and audit requests.
• Manage vendor invoice processing, duplicate payment investigations, and insurance claims

Acquisitions & Dispositions

• Set up new bank accounts and pref sheets.
• Handle proration, true-up, and amortization billing.
• Conduct post-closing distributions and entity dissolutions.

Cross-functional & Administrative Support

• Attend review calls (AM, CM, WHF, Budget).
• Coordinate preparation and delivery of entity tax returns.
• Manage physical mailing needs (e.g., certified mail for tax docs, confirmation letters).
• Onboard AMs to financial procedures and systems.

Key Qualifications

• 5 years of accounting experience, preferably in real estate or affordable housing.
• Strong financial reporting and reconciliation skills.
• Proficient in managing distributions, capital calls, and lender reporting.
• Experience with RealPage, Capex GL mapping, and JV reporting is preferred.
• Strong communication skills and ability to work cross-functionally with internal and external stakeholders.
• Highly organized and detail-oriented with strong analytical abilities.

Physical Demands

• The physical demands described here are representative of those that must be met to perform the essential functions of this role. Reasonable accommodations may be made to enable individuals with disabilities to perform essential duties.
• Ability to sit for extended periods of time.
• Ability to move freely around the office.
• Ability to communicate effectively, both verbally and in writing.

Compensation

• Base Salary: $100,000 – $120,000 (commensurate with experience).

Equal Opportunity Employer

• TruAmerica Multifamily is an equal opportunity employer committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic under federal, state, or local laws.
• This policy applies to all employment practices, including hiring, promotion, termination, compensation, benefits, training, and internships. Hiring decisions are made based on qualifications, merit, and business needs.

Salary : $100,000 - $120,000