What are the responsibilities and job description for the ACCOUNTANT position at A Property Management Company?
Ludwig and Company is a property management company with over 60 properties in the Midwest Region. We are looking for a property accountant to join our team. The Property Accountant manages the financial accounting and reporting functions for a portfolio of affordable housing properties, including Section 8 and Section 42 (LIHTC) communities. This role ensures accurate and timely financial records, compliance with HUD, IRS, and other regulatory requirements, and supports property management teams with budgeting, reporting, and audit preparation. Key Responsibilities:Financial Accounting & ReportingMaintain general ledger accounts and prepare monthly, quarterly, and annual financial statements for multiple affordable housing propertiesReconcile bank statements, tenant ledgers, and vendor accounts accurately and timelyProcess accounts payable and accounts receivable, including rent collections, vendor invoices, and management feesEnsure compliance with accounting principles and regulatory requirements specific to Section 8 and Section 42 programsBudgeting & ForecastingAssist in the preparation and monitoring of property operating budgets in collaboration with property managers and finance leadershipAnalyze variances between actuals and budgets, providing detailed explanations and recommendationsPrepare cash flow projections and assist with financial planning initiativesRegulatory Compliance & Audit SupportEnsure accurate recordkeeping and reporting for HUD, IRS, and other regulatory agencies, including preparation of compliance reports as neededSupport property managers during audits and inspections by providing requested financial documentation and explanationsMaintain compliance with LIHTC requirements, including monitoring eligible costs and maintaining required documentationSystems & Process ImprovementUtilize property management and accounting software (e.g., Yardi, OneSite, RealPage) for accurate data entry and reportingIdentify opportunities to improve accounting processes, enhance internal controls, and increase efficiencyAssist with implementation of new accounting systems or upgradesCollaboration & CommunicationWork closely with property management, maintenance, and compliance teams to resolve financial discrepancies and support operational goalsCommunicate financial information clearly to non-financial staff and managementMaintain positive relationships with vendors, residents, and regulatory agencies as needed Qualifications:Education & Experience:Bachelor’s degree in Accounting, Finance, or related field preferred; relevant work experience may be consideredMinimum 3 years of accounting experience, preferably in property management or affordable housingKnowledge of Section 8 and Section 42 program financial requirements and compliance a strong advantageSkills & Abilities:Proficient in accounting software such as Yardi, OneSite, RealPage, or similar platformsStrong understanding of GAAP and financial reporting standardsDetail-oriented with excellent organizational and analytical skillsAbility to manage multiple priorities and deadlines effectivelyStrong communication skills, both written and verbalPI62d88e2a26b9-25405-39394540
Salary : $59,000 - $77,300