Development Accounting Manager

About the Opportunity: We are seeking an experienced accounting professional to join our collaborative finance and accounting team. In this position you will work closely with the Senior Corporate Accountant, Vice President of Finance and Accounting, and the Senior Vice President of Finance and Accounting in both project accounting and corporate accounting for consolidated and intercompany real estate activity:

Corporate:

• Review intercompany activity between 100 plus property entities and parent companies.
• Ensure proper recording and reporting of government grant related activity.
• Review major sub accounts and cash activity monthly.
• Review preparation of quarterly financial statements.
• Support preparation and review of audit workpapers.
• Review schedules and source data for annual corporate audits.
• Assist with review of partnership annual audits.
• Assist with review of partnership and general partner annual tax returns
• Assist with monitoring and maintaining guarantees

Development:

• Assist with review of closing and financing settlement statements.
• Assist with reviewing monthly development activity

Key attributes of the successful candidate:

• Self-starting individual who enjoys working in collegial and entrepreneurial setting.
• Ability to piece together data from many sources and individuals.
• Understand nonprofit accounting.
• Understands real estate entity accounting, specifically affordable housing and low-income housing tax credits.
• Yardi accounting system and construction module experience preferred
• Audit or tax experience preferred
• Microsoft Excel, Word, Outlook

Required Education and Experience:

• B.S. in Accounting required
• Minimum of 5-7 years of experience in real estate accounting.
• Affordable housing background, specifically low-income housing tax credits
• Ability to piece together data from many sources and individuals.
• Understanding of nonprofit accounting preferred
• Yardi accounting system and construction module experience preferred
• Audit or tax experience preferred
• Proficiency in use of computers including Word and Excel – with advanced understanding of project accounting for real estate – Yardi and Crystal reports preferred.

Abilities:

• Ability to work periodic flexible hours and overtime is required. Travel by plane and automobile may be required.
• Ability to deal with stress, manage and motivate people and to meet deadlines and work with extraordinary commitment.
• Ability to understand financial statements and accounting as it relates to apartment operations and complex regulations related to affordable housing.
• Ability to work with computer software such as Yardi, Excel and Word.
• Ability to climb stairs, take elevators, bend, squat and reach over your head.

Key attributes of the successful candidate:

• Self-starting individual who enjoys working in collegial and entrepreneurial setting.
• Ability to piece together data from many sources and individuals.
• Understand nonprofit accounting.
• Understands real estate entity accounting, specifically affordable housing and low-income housing tax credits.
• Yardi accounting system and construction module experience preferred
• Audit or tax experience preferred
• Microsoft Excel, Word, Outlook

Characteristics Duties and Responsibilities:

• Take complete ownership for areas of responsibility and share information, perspective and expertise with colleagues.
• Help to sustain a culture of customer service, support and assistance for staff and for those we serve – the residents, our colleagues, the owners and our housing partners.
• Continue with your professional education and industry involvement to ensure that POAH is using the latest techniques and work to ensure that POAH operates within the parameters of accounting standards, GAAP, HUD, state housing agency and all applicable regulations and law.
• Demonstrate a high level of accounting and analytical ability, financial acumen, accounting software knowledge, personal energy, ability to multi-task and deal with stress, and show superb communication skills, with patience and with an outgoing personality -- successfully interface with all types of people. Build networks, collaborate and solve problems.
• Exhibit a genuine interest for those of lower income who rely on affordable rental housing and you will be expected to offer ideas / concepts so that POAH can be more effective in serving these clients.

WHY JOIN POAH

• Work at the forefront of affordable housing innovation.
• Collaborate with passionate and dedicated colleagues and industry leaders.
• Competitive salary and comprehensive benefits package.
• Contribute to the betterment of communities nationwide.
• Shape the future of housing policy and finance.

COMPENSATION

● $98,000 – $120,000 annually, plus comprehensive benefits

BENEFITS

At POAH, we offer: Competitive salaries and a comprehensive benefits package, including health, vision, short/long term disability, and life insurance

• Generous leave programs, including PTO of 5 weeks annually and 12 weeks of paid parental leave for ALL new parents
• A 401(k)-retirement plan with company match
• Individual professional development budget for every employee
• End-of-year bonuses
• A vibrant company culture
• POAH is currently enjoying a remote hybrid schedule which allows employees to work from home but also requires in-office days. An ability to work a remote hybrid schedule is required of all candidates.

About the Organization: Preservation of Affordable Housing, Inc. (POAH) is a national nonprofit organization whose mission is to preserve, create and sustain affordable, healthy homes that support economic security, racial equity and access to opportunity for all. POAH owns and operates more than 14,000 affordable homes at more than 130 properties in 13 states and the District of Columbia. POAH is base din Boston with offices in Chicago and Washington, DC.

POAH’s reach is national in scope, and its pursuit of the preservation mission is empowered by a focus on the business bottom line. Its strong reputation is the result of a demonstrated ability to craft complex financial transactions, tackle tough multi-family projects, and close deals that preserve the affordability of at-risk properties. The organization and its leaders are at the forefront of policy and legislative discussions around housing preservation, affordable housing finance and regulatory reform, including energy efficiency in the multifamily sector.

Job Type: Full-time

Pay: $98,000.00 - $115,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible schedule
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Parental leave
• Vision insurance
• Work from home

Physical Setting:

• Office

Work Location: In person

Salary : $98,000 - $115,000