Senior Accountant

Job Details: Position Type: Full Time, Salary Range: Undisclosed, Senior Accountant

• Affordable Housing, Grants & Consolidation Department: Finance and Accounting Reports to: Controller FLSA Status: Exempt Supervises: May provide technical direction to accountants, accounting specialists, and/or property-accounting staff; no direct reports required.

Position Summary

The Senior Accountant is responsible for complex accounting, financial reporting, reconciliation, and compliance activities for the Housing Authority’s public housing, Capital Fund, Low-Income Housing Tax Credit (LIHTC), mixed-finance, and component-unit operations. The position leads the accounting for blended and discretely presented component units; prepares consolidation and elimination entries; supports year-end audit and Financial Data Schedule (FDS) reporting; and ensures transactions are recorded in accordance with U.

S. GAAP, GASB standards, HUD requirements, grant agreements, partnership operating agreements, and Authority policies. This position is a technical accounting role requiring strong judgment, excellent reconciliation discipline, and the ability to translate complex development, grant, and intercompany activity into accurate financial statements and management reporting.

Essential Duties and Responsibilities

Financial Reporting, Consolidation, and Component Units Prepare monthly, quarterly, and annual financial statements and supporting schedules for the Authority and its blended and discretely presented component units. Prepare consolidation workbooks, intercompany reconciliations, elimination entries, and financial-statement disclosures for related entities, including development entities, nonprofit affiliates, limited partnerships, LLCs, and mixed-finance properties.

Reconcile due to/due from balances, management fees, bookkeeping fees, asset-management fees, development fees, shared-service charges, loans, cash transfers, and other related-party transactions. Support the determination and documentation of component-unit presentation and disclosure requirements under applicable GASB standards.

Prepare schedules for restricted cash, debt, interfund balances, equity investments, related-party transactions, commitments, contingencies, and subsequent events. Analyze financial results and identify unusual trends, misclassifications, unreconciled balances, or potential compliance concerns. LIHTC and Mixed-Finance Accounting Maintain general ledger accounting and monthly financial reporting for LIHTC, mixed-finance, RAD, and other affordable-housing development entities.

Account for partnership and LLC activity, including capital contributions, equity installments, investor and managing-member distributions, development fees, deferred developer fees, asset-management fees, replacement reserves, operating reserves, and related-party loans. Reconcile project cash, reserve accounts, construction draws, permanent financing, lender escrows, and investor capital accounts.

Track and account for development costs, construction-in-progress, fixed-asset capitalization, depreciation, interest expense, and project closeout activity. Prepare or review financial information required by investors, lenders, syndicators, asset managers, tax-credit compliance teams, and other project stakeholders.

Support annual LIHTC audit, tax-return, cost-certification, partnership-reporting, and lender-reporting processes. Coordinate with development, asset management, property management, and outside professionals to ensure the accounting treatment of transactions is complete and consistent with governing agreements. Public Housing and Capital Fund Accounting Perform accounting, reporting, and reconciliation duties for public housing operations, Capital Fund Program grants, and related HUD funding sources.

Maintain grant-level accounting records and supporting schedules for Capital Fund awards, including budget authority, obligations, expenditures, drawdowns, grant closeout, and remaining-balance analysis. Ensure Capital Fund costs are properly supported, allocated, capitalized or expensed as appropriate, and reported in accordance with HUD requirements and the Authority’s cost-allocation plan.

Prepare reconciliations and supporting schedules for operating subsidy, Capital Fund revenue, HUD receivables, restricted cash, modernization activity, and capital assets. Assist in preparing HUD financial reporting, including FDS submissions, operating-subsidy support, grant reconciliations, and other required submissions.

Work with program and facilities staff to ensure capital-project costs, contracts, retainage, invoices, and asset additions are accurately recorded. Close, Audit, Controls, and Compliance Lead assigned month-end and year-end close activities, including journal entries, account reconciliations, variance analysis, and review of financial statements.

Prepare audit schedules, workpapers, confirmations, and supporting documentation for the annual financial audit and Single Audit. Respond to auditor inquiries and assist in resolving audit adjustments, internal-control findings, and management-letter recommendations. Maintain clear, organized workpapers sufficient to support supervisory review, audit testing, HUD monitoring, lender review, and external reporting.

Evaluate accounting processes and recommend improvements to internal controls, workflow, system use, and reporting accuracy. Assist in developing and implementing accounting policies and procedures consistent with GAAP, GASB, HUD guidance, 2 CFR Part 200, and Authority policy. Other Responsibilities Provide technical guidance and training to accounting staff and non-finance departments on coding, documentation, intercompany activity, grants, and financial controls.

Participate in implementation or improvement of accounting, budgeting, property-management, development, or document-management systems. Perform other related duties and special projects as assigned.

Qualifications

Minimum Qualifications Bachelor’s degree in accounting, finance, business administration, or a closely related field. Five years of progressively responsible professional accounting experience, including financial-statement preparation and complex reconciliations. Experience with governmental, public-sector, nonprofit, affordable-housing, real-estate, or property-management accounting.

Demonstrated experience with at least two of the following: LIHTC or mixed-finance accounting; public housing or HUD grant accounting; component-unit reporting; consolidation; Capital Fund accounting; external audit support; FDS reporting. Strong working knowledge of Excel, including complex formulas, pivot tables, reconciliations, and financial-analysis workbooks.

Ability to communicate clearly with accounting staff, operations personnel, property managers, developers, lenders, auditors, and senior leadership.

Preferred Qualifications

Certified Public Accountant (CPA), Certified Government Financial Manager (CGFM), or comparable professional credential. Experience with HUD public housing, HCV, Capital Fund, RAD, LIHTC, HOME, or other federally funded housing programs. Knowledge of GASB financial reporting, HUD FDS reporting, 2 CFR Part 200, and Single Audit requirements.

Experience with limited-partnership or LLC accounting, developer fees, project reserves, construction accounting, and related-party transactions. Experience using public-housing, property-management, construction, or enterprise accounting systems. Knowledge, Skills, and Abilities Thorough knowledge of generally accepted accounting principles and financial-statement preparation.

Knowledge of governmental and affordable-housing accounting, including grants, restricted funds, capital assets, and intercompany accounting. Ability to independently research accounting questions, apply sound professional judgment, and document conclusions. Strong attention to detail, organization, and ability to meet recurring reporting deadlines.

Ability to handle confidential financial information with discretion. Ability to work collaboratively across finance, development, property management, capital improvements, and executive leadership.