National Housing Trust
Property Accountant – National Housing Trust
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Property Accountant
role at
National Housing Trust .
Position Overview The Property Accountant reports to the Assistant Controller, Real Estate and Property Accounting. This role is responsible for reviewing the monthly operating properties for accuracy, providing journal entries to property managers, and on an annual basis, providing auditors with trial balance and work papers which are GAAP consistent and other duties as needed for a portfolio of properties. The position involves communicating with property management companies, project lenders, NHT staff (mainly Asset Management and Real Estate Development), NHT leadership, and deal investors. The role is DC-based and qualifies for a hybrid work schedule.
Responsibilities
Perform full cycle real estate accounting and project accounting for an assigned portfolio of properties.
Oversee third‑party property manager accountants’ monthly financial preparation and reconciliation issues.
Track and account for General Partner and Limited Partner interests in partnerships, accounting for fees earned, funds released, and reporting on project financial implementation.
Monitor intercompany accounting issues related to operating properties, loans receivable or payable, and related reconciliations.
Review monthly variance analysis reports and work closely with asset management on variance details.
Complete monthly, quarterly, and yearly financial statements for internal and external stakeholders.
Assist in the annual audit process for assigned entities and coordinate the tax process as needed.
Participate in yearly surplus‑cash calculations performed by Asset Management based on audited financials.
Work with various departments to develop budgets and forecasts.
Calculate variances from the budget and report significant issues to management.
Ensure organizational reporting requirements are met.
Integrate entity development activity into the operating ledgers maintained by the management agent.
Perform analysis on fund sources and uses, record and reconcile construction draw and construction financing transactions, record loan fund interest accruals and equity investments, and bank deposits.
Manage construction draws and lender requisitions for assigned properties.
Reconcile draws to actual costs and track projected budgets with actual costs and provide auditor with construction in progress updates.
Assist with proforma preparation, closing process, initial draws and settlement statements.
Serve as the liaison for assigned properties between Finance and the Development Managers for 3rd‑party reporting requirements.
Support the Director of Development and Assistant Controller with monitoring the entity and project cash flow operating needs.
Prepare accounting packages for auditor review for assigned properties.
Assist in transitioning properties from development to operations.
Improve internal controls, policies, and procedures in accordance with GAAP.
Perform other duties as assigned that are pertinent to the ordinary course of business.
Qualifications
Bachelor’s degree in accounting, finance, or related field.
CPA or CMA license and 3‑7 years of progressive experience in Accounting or Finance, with a strong preference for specialized experience in real estate, multi‑family development, property management, affordable housing and LIHTC.
Excellent organizational, problem‑solving, and time‑management skills.
Ability to manage multiple projects with competing deadlines.
Proficiency with accounting software.
Advanced Excel capabilities (formulas and functions).
Exceptional knowledge of finance, accounting, budgeting, cost control principles, and GAAP.
Solid experience coordinating audit activities and managing reporting, budget development and analysis, accounts payable and receivable, general ledger, and accounting for investments.
Strong interpersonal skills to effectively work with people at all levels across all departments.
Strong attention to detail and analytical ability to develop and implement improvements, as needed.
Excellent verbal and written communication skills.
Commitment to diversity, equity, and inclusion and NHT’s mission of assisting low‑income families.
Collaborative team orientation.
Compensation Salary range: $85,000 – $120,000 per year. Benefits are competitive and commensurate with experience.
Application Process To be considered for this position, you must apply through the NHT hiring portal:
https://nhtinc.bamboohr.com/careers/111 . No phone calls, please.
About National Housing Trust National Housing Trust has been dedicated to creating and preserving affordable housing for almost 40 years. We build, preserve, and finance affordable housing and use our expertise to advance resident‑focused solutions that strengthen the broader affordable housing industry. Our staff of 50+ works across policy, lending, real estate development, community outreach, and energy solutions with a cross‑functional, integrated approach to innovating, demonstrating, and amplifying solutions to the affordable housing crisis in the U.S.
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Property Accountant
role at
National Housing Trust .
Position Overview The Property Accountant reports to the Assistant Controller, Real Estate and Property Accounting. This role is responsible for reviewing the monthly operating properties for accuracy, providing journal entries to property managers, and on an annual basis, providing auditors with trial balance and work papers which are GAAP consistent and other duties as needed for a portfolio of properties. The position involves communicating with property management companies, project lenders, NHT staff (mainly Asset Management and Real Estate Development), NHT leadership, and deal investors. The role is DC-based and qualifies for a hybrid work schedule.
Responsibilities
Perform full cycle real estate accounting and project accounting for an assigned portfolio of properties.
Oversee third‑party property manager accountants’ monthly financial preparation and reconciliation issues.
Track and account for General Partner and Limited Partner interests in partnerships, accounting for fees earned, funds released, and reporting on project financial implementation.
Monitor intercompany accounting issues related to operating properties, loans receivable or payable, and related reconciliations.
Review monthly variance analysis reports and work closely with asset management on variance details.
Complete monthly, quarterly, and yearly financial statements for internal and external stakeholders.
Assist in the annual audit process for assigned entities and coordinate the tax process as needed.
Participate in yearly surplus‑cash calculations performed by Asset Management based on audited financials.
Work with various departments to develop budgets and forecasts.
Calculate variances from the budget and report significant issues to management.
Ensure organizational reporting requirements are met.
Integrate entity development activity into the operating ledgers maintained by the management agent.
Perform analysis on fund sources and uses, record and reconcile construction draw and construction financing transactions, record loan fund interest accruals and equity investments, and bank deposits.
Manage construction draws and lender requisitions for assigned properties.
Reconcile draws to actual costs and track projected budgets with actual costs and provide auditor with construction in progress updates.
Assist with proforma preparation, closing process, initial draws and settlement statements.
Serve as the liaison for assigned properties between Finance and the Development Managers for 3rd‑party reporting requirements.
Support the Director of Development and Assistant Controller with monitoring the entity and project cash flow operating needs.
Prepare accounting packages for auditor review for assigned properties.
Assist in transitioning properties from development to operations.
Improve internal controls, policies, and procedures in accordance with GAAP.
Perform other duties as assigned that are pertinent to the ordinary course of business.
Qualifications
Bachelor’s degree in accounting, finance, or related field.
CPA or CMA license and 3‑7 years of progressive experience in Accounting or Finance, with a strong preference for specialized experience in real estate, multi‑family development, property management, affordable housing and LIHTC.
Excellent organizational, problem‑solving, and time‑management skills.
Ability to manage multiple projects with competing deadlines.
Proficiency with accounting software.
Advanced Excel capabilities (formulas and functions).
Exceptional knowledge of finance, accounting, budgeting, cost control principles, and GAAP.
Solid experience coordinating audit activities and managing reporting, budget development and analysis, accounts payable and receivable, general ledger, and accounting for investments.
Strong interpersonal skills to effectively work with people at all levels across all departments.
Strong attention to detail and analytical ability to develop and implement improvements, as needed.
Excellent verbal and written communication skills.
Commitment to diversity, equity, and inclusion and NHT’s mission of assisting low‑income families.
Collaborative team orientation.
Compensation Salary range: $85,000 – $120,000 per year. Benefits are competitive and commensurate with experience.
Application Process To be considered for this position, you must apply through the NHT hiring portal:
https://nhtinc.bamboohr.com/careers/111 . No phone calls, please.
About National Housing Trust National Housing Trust has been dedicated to creating and preserving affordable housing for almost 40 years. We build, preserve, and finance affordable housing and use our expertise to advance resident‑focused solutions that strengthen the broader affordable housing industry. Our staff of 50+ works across policy, lending, real estate development, community outreach, and energy solutions with a cross‑functional, integrated approach to innovating, demonstrating, and amplifying solutions to the affordable housing crisis in the U.S.
#J-18808-Ljbffr