Accountant - HUD & Grants Accounting

Accountant – HUD & Grants Accounting

This position is mostly REMOTE and has to go onsite 2 to 3 times a month.

Position Summary

Our client is seeking an experienced Accountant to support the financial management and reporting of HUD-funded and grant-funded programs. This position is responsible for preparing financial analyses and reports, HUD submissions, budgeting, monitoring cash activity, maintaining accounting records, and ensuring compliance with HUD regulations, grant requirements, and organizational policies.

The ideal candidate will have experience with HUD housing programs, grant accounting, financial reporting, and regulatory compliance.

Key Responsibilities

·        Prepare financial analyses, accounting reports, PRAC renewal submissions, and other HUD-required reports and filings.

·        Serve as the primary liaison with HUD Account Executives to facilitate timely approval of PRAC rents and resolve issues related to submitted requests.

·        Develop and prepare annual HUD operating budgets and monitor actual financial performance against budget, identifying and explaining variances.

·        Monitor weekly HUD cash positions to ensure adequate funding is available for disbursements and program operations.

·        Maintain fixed asset records and depreciation schedules.

·        Prepare and reconcile intercompany transactions and record related journal entries.

·        Assist with annual financial audits, including HUD audits, Uniform Guidance (Single Audits), 440 audits, and other sponsor or regulatory audits.

·        Ensure compliance with HUD regulations, reporting requirements, and organizational accounting policies.

·        Prepare ad hoc financial analyses and reports as needed.

·        Perform other accounting duties and special projects as assigned.

Qualifications

·        Bachelor's degree in Accounting required.

·        Three to five years of progressive accounting experience, preferably in grant accounting or affordable housing.

·        Experience with HUD housing programs, including PRAC subsidies, HUD reporting, and regulatory requirements is strongly preferred.

·        Working knowledge of GAAP, grant accounting, budgeting, and financial reporting.

·        Intermediate to advanced Microsoft Excel skills.

·        Experience with computerized accounting or ERP systems.

·        Strong analytical, organizational, and problem-solving skills.

·        Excellent communication skills with the ability to interact effectively with HUD representatives, auditors, and internal stakeholders.

·        Ability to manage multiple priorities and meet deadlines in a fast-paced environment.