Job Description

Job Description

Job Description

POSITION SUMMARY

The Property Accountant is responsible for the full-cycle accounting and financial reporting for a portfolio of residential and Low-Income Housing Tax Credit (LIHTC) properties. This role ensures timely and accurate financial statements, maintains compliance with LIHTC and other affordable housing regulations, and partners closely with Property Management and Operations to support effective month-end close and reporting processes.

KEY RESPONSIBILITIES

1. Financial Reporting & Close

• Prepare monthly, quarterly, and annual financial statements for assigned properties
• Complete bank reconciliations, general ledger reconciliations, and supporting schedules
• Record journal entries, accruals, and reclasses
• Review and analyze budget-to-actual variances and provide explanations
• Assist with annual budget preparation and forecasting
• Maintain fixed asset schedules and record depreciation

1. LIHTC & Affordable Housing Compliance

• Ensure financial reporting complies with LIHTC program requirements
• Assist with cost certifications, owner reporting, and regulatory filings
• Prepare audit workpapers and support annual financial statement audits
• Coordinate with compliance and property management teams to ensure accurate reporting

1. Accounting Operations

• Review accounts payable and receivable activity for assigned properties
• Ensure proper coding of expenses and adherence to company policies
• Monitor tenant receivables, subsidy payments, and reserve balances
• Support cash management and distribution calculations

1. Owner, Investor & Lender Reporting

• Prepare quarterly and annual reporting packages for ownership and investors
• Assist with partnership distributions and related reconciliations
• Support lender reporting requirements and financial covenant tracking

1. Collaboration & Process Improvement

• Partner with Property Management and Operations to resolve accounting issues
• Participate in month-end close meetings and cross-department communication
• Identify opportunities to improve processes, reporting efficiency, and internal controls
• Support system enhancements and accounting initiatives

QUALIFICATIONS

• Bachelor’s degree in Accounting or Finance or equivalent
• 3–5+ years of property accounting experience
• Direct experience with residential and LIHTC properties strongly preferred
• Strong knowledge of GAAP and real estate accounting principles
• Experience with property management/accounting software (Yardi, RealPage, Appfolio, MRI, etc.)
• Strong Excel skills
• Ability to manage multiple properties and deadlines

WHAT YOU’LL LOVE ABOUT WORKING HERE:

• Invest in Your Future: 401(k) with company match, plus annual merit-based increases
• Prioritize Your Health: Comprehensive medical, dental, vision, life insurance, Long-Term Disability, and FSA and HSA options.
• Recharge and Renew: Generous paid time off and 8+ paid holidays.
• Voluntary Benefits: Short Term Disability, Accident, Critical Illness, and Hospital Indemnity.
• Keep Growing: Ongoing education, leadership training, and advancement opportunities across all departments.
• Celebrate Together: Annual employee appreciation events, team outings, and company-wide recognition programs.
• Make an Impact: Contribute to meaningful projects that shape neighborhoods and improve lives.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Bear Real Estate Group is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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