A Property Management Company
Description
Ludwig and Company is a property management company with over 60 properties in the Midwest Region. We are looking for a property accountant to join our team.
The Property Accountant manages the financial accounting and reporting functions for a portfolio of affordable housing properties, including Section 8 and Section 42 (LIHTC) communities. This role ensures accurate and timely financial records, compliance with HUD, IRS, and other regulatory requirements, and supports property management teams with budgeting, reporting, and audit preparation.
Key Responsibilities Financial Accounting & Reporting
Maintain general ledger accounts and prepare monthly, quarterly, and annual financial statements for multiple affordable housing properties
Reconcile bank statements, tenant ledgers, and vendor accounts accurately and timely
Process accounts payable and accounts receivable, including rent collections, vendor invoices, and management fees
Ensure compliance with accounting principles and regulatory requirements specific to Section 8 and Section 42 programs
Budgeting & Forecasting
Assist in the preparation and monitoring of property operating budgets in collaboration with property managers and finance leadership
Analyze variances between actuals and budgets, providing detailed explanations and recommendations
Prepare cash flow projections and assist with financial planning initiatives
Regulatory Compliance & Audit Support
Ensure accurate recordkeeping and reporting for HUD, IRS, and other regulatory agencies, including preparation of compliance reports as needed
Support property managers during audits and inspections by providing requested financial documentation and explanationsMaintain compliance with LIHTC requirements, including monitoring eligible costs and maintaining required documentation
Systems & Process Improvement
Utilize property management and accounting software (e.g., Yardi, OneSite, RealPage) for accurate data entry and reporting
Identify opportunities to improve accounting processes, enhance internal controls, and increase efficiency
Assist with implementation of new accounting systems or upgrades
Collaboration & Communication
Work closely with property management, maintenance, and compliance teams to resolve financial discrepancies and support operational goals
Communicate financial information clearly to non-financial staff and management
Maintain positive relationships with vendors, residents, and regulatory agencies as needed
Requirements Qualifications Education & Experience
Bachelor’s degree in Accounting, Finance, or related field preferred; relevant work experience may be considered
Minimum 3 years of accounting experience, preferably in property management or affordable housing
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The Property Accountant manages the financial accounting and reporting functions for a portfolio of affordable housing properties, including Section 8 and Section 42 (LIHTC) communities. This role ensures accurate and timely financial records, compliance with HUD, IRS, and other regulatory requirements, and supports property management teams with budgeting, reporting, and audit preparation.
Key Responsibilities Financial Accounting & Reporting
Maintain general ledger accounts and prepare monthly, quarterly, and annual financial statements for multiple affordable housing properties
Reconcile bank statements, tenant ledgers, and vendor accounts accurately and timely
Process accounts payable and accounts receivable, including rent collections, vendor invoices, and management fees
Ensure compliance with accounting principles and regulatory requirements specific to Section 8 and Section 42 programs
Budgeting & Forecasting
Assist in the preparation and monitoring of property operating budgets in collaboration with property managers and finance leadership
Analyze variances between actuals and budgets, providing detailed explanations and recommendations
Prepare cash flow projections and assist with financial planning initiatives
Regulatory Compliance & Audit Support
Ensure accurate recordkeeping and reporting for HUD, IRS, and other regulatory agencies, including preparation of compliance reports as needed
Support property managers during audits and inspections by providing requested financial documentation and explanationsMaintain compliance with LIHTC requirements, including monitoring eligible costs and maintaining required documentation
Systems & Process Improvement
Utilize property management and accounting software (e.g., Yardi, OneSite, RealPage) for accurate data entry and reporting
Identify opportunities to improve accounting processes, enhance internal controls, and increase efficiency
Assist with implementation of new accounting systems or upgrades
Collaboration & Communication
Work closely with property management, maintenance, and compliance teams to resolve financial discrepancies and support operational goals
Communicate financial information clearly to non-financial staff and management
Maintain positive relationships with vendors, residents, and regulatory agencies as needed
Requirements Qualifications Education & Experience
Bachelor’s degree in Accounting, Finance, or related field preferred; relevant work experience may be considered
Minimum 3 years of accounting experience, preferably in property management or affordable housing
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