Staff Accountant Asset Management

About NRHA  

Founded in 1940, the Norfolk Redevelopment and Housing Authority (NRHA) provides low-income families in Norfolk, Virginia with safe and well-maintained housing. It also plans and administers large-scale residential redevelopment programs within Norfolk. 

NRHA is an award-winning public housing authority that has been effective in obtaining private investment partners to fund new neighborhoods; improving low-income public housing; planning and building mixed-income communities; and offering programs that support residents receiving rental assistance on their path to self-sufficiency. NRHA aims to create and apply meaningful housing and neighborhood development programs to serve all residents of Norfolk, Virginia. 

NRHA looks for people who want to work in a challenging and progressive environment and make a positive difference in the community. 

Summary 

Staff Accountant – Asset Management is responsible for supporting the financial oversight, analysis, and reporting of NRHA real estate portfolio. This includes public housing, mixed-finance developments, RAD conversions, affordable housing properties, and other agency-owned assets. The role ensures that the financial performance of each asset is accurately tracked and reported in compliance with regulatory requirements and internal policies. 

Essential Functions 

Prepare, maintain, and analyze financial statements for agency-owned and managed properties. 

Support the development of asset-level budgets and track actuals against budgeted performance. 

Perform monthly, quarterly, and annual reconciliations related to asset cash flow, reserves, and funding sources. 

Analyze property-level financial metrics (e.g., Net Operating Income, Debt Service Coverage Ratio, occupancy trends). 

Ensure accurate accounting of capital improvements, depreciation, and fixed assets. 

Collaborate with property management, development, and compliance teams to ensure financial integrity of asset operations. 

Monitor compliance with HUD, LIHTC, RAD, and other applicable housing program financial reporting requirements. 

Assist in preparing financial reports and disclosures for lenders, investors, and oversight agencies. 

Support audits, year-end closings, and external financial reviews of housing assets. 

Maintain asset management tracking systems and databases. 

Perform other administrative and financial tasks as assigned. 

Education, Experience, and Licenses 

Bachelor’s degree in Accounting, Finance, or related field (advanced degree preferred). 2–5 years of accounting or financial analysis experience, preferably in affordable housing, real estate, or the public sector. 

Knowledge, Skills, and Abilities 

Solid understanding of real estate finance, capital projects, and asset depreciation. 

Experience with HUD programs, LIHTC, RAD, or public housing is highly desirable. 

Advanced knowledge of GAAP and fund accounting principles. 

Proficiency in accounting software (Yardi, Emphasys, or similar preferred). 

Experience with financial audits and compliance reviews. 

Proficiency in Microsoft Excel and accounting software. 

Strong attention to detail and organizational skills. 

Excellent analytical and problem-solving skills. 

High attention to detail and accuracy. 

High level of integrity and confidentiality. 

Excellent written and verbal communication skills. 

Ability to manage multiple tasks and work effectively under deadlines. 

Physical Demands/Work Environment 

While performing the duties of this job, the employee is frequently required to sit, talk, see, or hear. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 20 pounds. Job requires depth, color, and texture perception. 

NRHA will consider equivalent substitutes for education and/or experience, provided that the candidate can demonstrate that he/she has obtained the knowledge and skill necessary to perform the duties of the job.

NRHA offers a competitive compensation and benefits package. The compensation offer will be determined by the candidate's work history and skill set. Benefits include VRS retirement, medical, dental, and vision insurance; life insurance; long-and short-term disability insurance; tuition reimbursement options; public service loan forgiveness, and much more.

Those candidates who are selected for interview will be contacted directly by telephone. All other candidates will receive an email communication after the position is filled.

The Norfolk Redevelopment and Housing Authority is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, the Housing Authority will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective employees and incumbents to discuss potential accommodations with the employer.