Position Summary:
The Property Accountant is responsible for managing the financial activities and records of properties under the Housing Authority’s portfolio. This includes preparing monthly financial statements, reconciling accounts, and ensuring compliance with HUD (Housing and Urban Development) regulations and other applicable financial standards.
Key Responsibilities
- Financial Reporting
- Prepare and analyze monthly, quarterly, and annual financial statements for assigned properties.
- Monitor budgets and provide variance analysis reports to management.
- Ensure timely submission of financial reports in compliance with HUD and government regulations.
- Prepare financial packages and submit to our financial partners, including investors, financial institutions and tax credit compliance officers.
- General Ledger Management
- Maintain and reconcile general ledger accounts for assigned programs.
- Record all journal entries, including accruals, prepaids, and adjustments.
- Reconcile bank accounts and monitor cash flow for each property.
- Accounts Payable/Receivable
- Monitor tenant rent receivables, track delinquencies, and assist with collections and/or evictions.
- Prepare and review tenant billing adjustments as needed.
- Audit and Compliance
- Support internal and external audits by preparing the requested documentation.
- Ensure compliance with HUD regulations, ADFA, GAAP, Housing Authority policies and any regulatory bodies state or federal.
- Maintain proper records for grants and subsidy funding, including Section 8 and LIHTC programs.
- Collaboration and Communication
- Collaborate with property management staff to ensure accurate financial reporting.
- Provide training or support to property managers on financial processes and systems.
- Respond to inquiries from management, auditors, or regulatory agencies.
- Collaborating with property managers with monitoring monthly rent rolls to ensure accuracy.
Qualifications
Education and Experience
- Bachelor’s degree in Accounting, Finance, or a related field.
- Minimum of 2-3 years of experience in property accounting, affordable housing, or a similar role.
- Experience with HUD programs, LIHTC (Low-Income Housing Tax Credit), or Section 8 is highly desirable.
Technical Skills
- Prefer knowledge in accounting software MRI
- Advanced skills in Microsoft Excel and familiarity with financial reporting tools.
- Strong knowledge of GAAP and HUD financial regulations.
Key Competencies
- Excellent attention to detail and organizational skills.
- Strong problem-solving abilities and analytical thinking.
- Ability to work independently and manage multiple tasks and deadlines.
- Effective communication skills, both written and verbal.
BENEFITS
- Medical/Dental/Vision Benefits
- On-site Fitness Center & Wellness Program
- Employee Assistance Program
- Basic Life Insurance & Supplemental Insurance
- Retirement Plan
Please submit your Resume and letter of interest to hr@mhapha.org
Resumes received until the position is filled.
Little Rock Housing Authority d/b/a Metropolitan Housing Alliance is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
