Overview

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.

April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.

In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.

As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $125,000-$150,000 (this represents the presently-anticipated low and high end of the Company’s range for this position). This position is also eligible for discretionary bonus on an annual basis. Actual base salary range may vary based on various factors, including but not limited to location and experience.

Responsibilities

The Accounting Manager oversees the audit review process for limited partnerships invested in Section 42 low-income housing properties through a multi-tier structure. The position will report to the Accounting VP and involves managing the review of audited financial statements submitted by accounting firms and 3rd party general partners for our partnerships. This role will collaborate with various departments, including Corporate Accounting, Tax, and Valuation, to review surplus working capital and operating cash waterfall calculations. Additionally, the Accounting Manager will be the primary contact with accounting firms and undertake ad hoc special projects as required.

Job Responsibilities:

• Manage the yearly audit process for a portfolio of Low-Income Housing properties, including facilitating the audit and tax engagement process.
• Review audited financial statements and summarize the key findings in collaboration with the Corporate Accounting and Tax team.
• Coordinate with Corporate Accounting to leverage review findings, property financial packages, yearly financial statements, and cash flow calculations.
• Validate surplus cash and waterfall calculations in accordance with partnership agreements.
• Review and collaborate with General Partners on reviewing and calculating the annual operating cash waterfall distributions.
• Confirm actual cash receipts and distributions with partnership accounting to support surplus and waterfall calculations.
• Maintain the analysis and assessment of audit requirements for controlled properties, facilitating audit requests and year-end audit confirmations.
• Ensure team adherence to audit deadlines and the delivery of accurate financial statements.
• Assist with internalizing critical accounting tasks from current providers, including process documentation and training.
• Address escalated issues promptly and effectively.
• Contribute to department and company initiatives for implementing best practices.
• Develop and implement recommendations for efficient business processes in collaboration with other departments.
• Document and update operating standard procedures for key accounting processes.
• Support senior management by providing relevant accounting information as necessary.

Qualifications

Qualifications:

• BA/BS in Accounting/Business/Finance.
• Minimum of 6 years of relevant audit experience, preferably focused on limited partnerships in Real Estate.
• Strong knowledge of GAAP accounting.
• Proficiency with Excel, Yardi, or other Real Estate related software experience preferred.
• Excellent written and verbal communication skills.
• Strong team player with excellent organizational and analytical skills.
• Ability to thrive in a fast-paced, deadline-oriented environment.
• Certified Public Accountant is preferred.
• Public accounting experience is preferred.
• Low-income housing Tax Credit industry experience is a plus.

EEO Statement

The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

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