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Affordable Property Accountant in Southfield at Village Green

Date Posted: 8/28/2018

Job Snapshot

Job Description

Village Green is seeking a customer focused, team oriented Property Accountant to work exclusively on their Subsidized (Affordable) Multi-Family portfolio. The job responsibilities include but are not limited to; preparing required monthly and annual HUD filings, journal entries, schedules and reconciliations, collaborating with counterparts in the field, discussions with clients regarding the financial results, and assisting in year-end audit procedures. The position will report to the Accounting Manager, but will work closely with the Director of Affordable Housing & Compliance.   


ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES



  • Prepare monthly financial statements for approximately 15 properties.

  • Prepare and submit all required monthly and annual financial filings for HUD.

  • Prepare and enter monthly journal entries. Prepare accruals as necessary.

  • Reconcile bank accounts and resolve reconciliation issues.

  • Reconcile all other balance sheet accounts and maintain appropriate schedules and work papers.

  • Analyze and research budget variances.

  • Coordinate with mortgage companies on issues involving mortgage payments, tax and insurance escrows, replacement reserve accounts, etc.

  • Calculate and process cash distributions to investors.

  • Prepare year-end work paper packages for audits and tax returns to be provided to outside CPAs.

  • Work with clients to resolve accounting issues and answer questions on monthly financial statements.

  • Special projects as assigned by Accounting Manager and/or requested by clients.

  • Work with senior management to analyze and record complex real estate transactions including property acquisitions and dispositions, recapitalizations, refinancing, and construction/development activity.

Job Requirements





REQUIREMENTS




  • Bachelors’ Degree in Accounting.

  • Minimum of two (2) years general ledger experience, preferably in public accounting. CPA license a plus.

  • Experience with financial reporting for HUD and Affordable housing a plus.

  • A comprehensive understanding of Generally Accepted Accounting Principles (GAAP).

  • Must communicate effectively and be customer service oriented.

  • Excellent analytical and problem solving skills.