Accounting Manager, Property & Development Accounting Job at Satellite Affordabl

Accounting Manager, Property & Development Accounting

Join to apply for the Accounting Manager, Property & Development Accounting role at Satellite Affordable Housing Associates (SAHA).

The Accounting Manager, Property & Development Accounting, works closely with the Property & Real Estate Development Controller and leads all day-to-day property and real estate development accounting-related operations and supervises and reviews the work of the property and development accountants.

Responsibilities

• Supervision and Review: Inspire and hold staff accountable for a high level of performance, teamwork and customer service. Supervision includes providing regular ongoing feedback, coaching and mentoring, writing and conducting performance reviews and developing goals. Responsible for hiring, onboarding, training, and reviewing the work of all property and development accountants and temporary accounting staff. Performs mid-year and annual performance reviews and functions as a backup to property accountants and Controller in relation to property and development accounting.
• Audits and Cost Certifications: Manage the preparation and process of the annual audit function for all properties and cost certifications for development projects. Review the quality and completeness of materials submitted to the auditors and ensure audit questions are answered and issues resolved.
• Financial Statements and Reporting: Monthly, quarterly, and annual accounting closes and required financial reporting to investors, lenders and external regulatory agencies for the entire property portfolio. Provide direct property accounting services for new projects until fully transitioned into operations and prepare additional reports as necessary.
• Budgets: Ensure budget worksheets with finance input are provided to property management by established deadlines and that approved budgets are integrated into the accounting system.
• Development Accounting: Prepare cost certifications for newly constructed and rehabilitated housing projects. Ensure a seamless accounting transition for newly developed projects from development to stabilization. Troubleshoot Yardi Construction Module issues.
• Development Oversight: Oversee preparation and review of development funding draw requests, lines of credit drawdowns and repayments, and ensure funding receipts are deposited or transferred as needed to meet payment obligations. Ensure development sources and uses spreadsheets reconcile to the development general ledger and construction module in Yardi. Oversee development accounts payable, journal entries, and monthly/year-end closes. Develop and maintain policies and procedures and assist with internal controls related to property and development accounting.
• Other: Perform additional duties as assigned by supervisor and management.

To perform this job successfully, an individual must be able to perform each duty satisfactorily. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Education And/or Experience

• Bachelor’s degree in business, finance or accounting or equivalent work experience.
• Minimum 2 years supervisory experience or equivalent mentoring/leading or supporting junior staff.
• Technical knowledge of all accounting functional areas and GAAP.
• Knowledge of HUD and/or tax credit regulatory requirements is a plus.
• Experience with Excel & MS Word is required.

Abilities And Attributes

• Ability to train and coach others in technical aspects and lead staff to contribute to SAHA.
• Ability to work collaboratively with different levels of staff and management.
• Ability to autonomously handle daily responsibilities and projects with minimal direction.
• Highly accurate, organized, detail-oriented, and capable of multi-tasking.
• Excellent written, oral and presentation skills; writing sample may be required.
• Strong decision-making, interpersonal and time-management skills.
• Desire to improve processes and lead change; ability to gather information, analyze, and solve complex problems.
• Ability to review others’ work and document procedures clearly.
• Ability to work under pressure and meet deadlines; ability to collaborate in a multi-cultural team.

Supervisory Responsibilities

• Directly supervises up to 6 accountants.

Physical Demands

• Requires sitting at a desk and using a computer for extended periods; may involve simple grasping, fine manipulation, standing, walking, bending and reaching. Occasional lifting up to 15 pounds. Reasonable accommodation provided as needed.

Work Environment

This position is primarily on-site in an open-office environment with business-casual attire.

Work Location / Hybrid Work: During onboarding (approximately 90 days), on-site four to five days per week to support training and team integration. A hybrid schedule and additional flexibility may be available after onboarding, depending on performance and operational needs.

Satellite Affordable Housing Associates is an Equal Opportunity Employer.