Accountant 2

Marketing Statement

The Philadelphia Housing Authority, America's fourth largest public housing authority and leader in real estate development and property management is seeking an Accountant II - Affordable Housing in the Finance Department.

Under general supervision of the Accounting Manager-Affordable Housing, the Accountant II supports accounting operations across a diverse real estate portfolio that includes LIHTC, mixed-finance, PBV-funded, and market-rate properties. The role is responsible for performing intermediate-level accounting work, preparing financial schedules, completing reconciliations, and supporting financial reporting for limited partnerships (LPs), LLCs, and affiliated entities.

The Accountant II works closely with senior accounting staff to ensure accurate financial records, compliance with GAAP, HUD, investor, and HFA requirements, and timely completion of monthly, quarterly, and annual reporting. This position does not supervise staff but may train or guide Accountant I roles.

The salary range for this position is $61,708 - $77,135 annually. Placement at any specific point within the stated range is not guaranteed for any candidate. Final compensation will be determined based on the selected candidate's qualifications, experience, and skills, as well as internal equity and organizational considerations.

Qualifications

Minimum education

• Bachelor’s degree in Accounting, Finance, or a related field.

Certifications, Clearances, and Licenses required

None

Minimum experience

Three (3) years of accounting experience, preferably in real estate or affordable housing.

Experience with LIHTC, mixed-finance, PBV, or multi-layered financing preferred (exposure acceptable).

Alternative Qualifications

Equivalent combination of education, training and relevant experience may be considered upon review by HR.

Preferred Qualifications/Experience

Experience in PHAs, HFAs, LIHTC, RAD, or HUD-funded environments.

Familiarity with tax-exempt bonds and construction-to-permanent loan accounting.

Progress toward CPA, CMA, or other certifications.

Knowledge, Skills, and Abilities

Strong understanding of GAAP and financial statement preparation.

Experience with Excel (SUMIFS, pivot tables, lookups) and experience with real estate accounting systems.

Accuracy and attention to detail

Strong analytical and reconciliation skills

Ability to meet deadlines and manage multiple assignments

Clear communication with internal teams and external stakeholders

Problem-solving and willingness to learn complex funding structures

Ethical judgment and respect for internal controls

Responsibilities

Essential functions

Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions of this position.

Prepare monthly, quarterly, and annual close schedules for LIHTC, mixed-finance, PBV, and market-rate properties.

Prepare and post journal entries, including recurring entries, accruals, re-classes, and allocations.

Perform account reconciliations (cash, AR/AP, intercompany, reserves, escrows, fixed asset clearing).

Assist with the preparation of GAAP-compliant financial statements for LPs/LLCs and -affiliated entities.

Maintain schedules for capital contributions, reserves, and developer fee activity.

Prepare quarterly and annual schedules required for investor and syndicator reporting.

Assist in compiling audit support packages, including trial balance tie-outs, variance explanations, and testing samples.

Support external audits, HFA reviews, and investor inquiries by gathering documentation and responding to requests.

Maintain capital account roll-forwards and reconcile equity contributions, allocate losses, and track waterfall distributions.

Update deferred developer fee registers and support repayment tracking.

Assist in documentation for 10% Test, Placed-In-Service, Cost Certifications, and 8609/8609-A processes.

Support Year-15 planning, LP transfers, and partnership transitions with financial backing schedules.

Record transactions for layered financing structures: HUD soft loans, bonds, PBV revenue, and private financing.

Track and reconcile restricted accounts, bond trustee accounts, and required reserve deposits.

Support construction-to-permanent loan conversion entries, schedules, and reconciliations.

Ensure accounting treatment aligns with ACC Amendments, PBV rules, and loan covenants.

Record PBV HAP revenue, reconcile subsidy schedules, and track reserve funding requirements.

Assist compliance teams by providing financial information needed for HUD/PHA monitoring.

Prepare property budgets and variance reports under supervision of Accounting Manager.

Reconcile rent rolls to GL revenue and resolve discrepancies with Property Management.

Maintain proper program segregation between market-rate and affordable assets.

Maintain documentation for compliance with partnership agreements, loan agreements, and regulatory requirements.

Ensure adherence to internal control procedures for cash disbursements, journal entries, and reconciliations.

Assist with updates to accounting procedures, SOPs, and system improvements

Performs other duties as assigned.

How To Apply

How to Apply:

All applications will be accepted via PHA's Jobs Board at pha.phila.gov/jobs.

Closing Statement

About the Philadelphia Housing Authority (PHA)

Established in 1937, and with an employment workforce of over 1,100, the Philadelphia Housing Authority is a municipal agency providing public housing services to over 76,000 residents in the city of Philadelphia, Pennsylvania.

Financial support for Authority operations and capital needs comes primarily from rent payments and subsidies provided by the U.S. Department of Housing and Urban Development (HUD). PHA is one of a very select group of housing authorities across the nation that has attained Moving to Work (MTW) status. This designation allows housing agencies the opportunity and flexibility, on a local level, to develop and implement innovative housing and self-sufficiency strategies to benefit public housing residents and Housing Choice Voucher Program (HCVP) participants.

PHA is an equal opportunity employer and makes all employment decisions on the basis of individual qualifications without regard to race, creed, color, sex, sexual orientation, gender identify, pregnancy, national origin, ethnicity or ancestry, religion, age, disability, citizenship, marital status, military or veteran status, genetic information, or any other protected characteristic.

Other duties as assigned

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.