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Senior Project Accountant

Posted by
National Housing Trust
|
Washington, DC

National Housing Trust


New
|
Published 15 days ago

December 15, 2020
$63,500 - $106,100

The National Housing Trust is a strong national nonprofit engaged in affordable housing advocacy, lending, real estate development and energy solutions. Our mission is to preserve and improve affordable multifamily homes to support quality, healthy neighborhoods with a range of housing options so that families of all income levels have an opportunity to thrive.

NHT is an award-winning nonprofit with a focused agenda. The ideal applicant thrives in a fast-paced environment, working with dedicated and entrepreneurial colleagues. NHT has a staff of 30 across its four business lines – public policy, lending (NHT Community Development Fund and Institute for Community Economics), real estate development (NHT Communities) and energy solutions (NHT Renewable).

The position is located within the Finance Office group under the direction of the Chief Financial Office which provides accounting and financial management services to the various NHT business lines.

POSITION

The Senior Project Accountant reports to the Controller. The incumbent is responsible for updating and maintaining accounting records for construction and real estate operating properties and evaluating for reasonableness the information presented in project financial statements, and other accompanying schedules to the financial statements for any reporting entities assigned. The position has no supervisory duties. The position has contact with and communicates with vendors, outside contractors and property management companies, project lenders, NHT staff and senior NHT officers.

QUALIFICATIONS

Education: Four-year accounting degree required, CPA or CMA preferred. Experience may partially substitute for education for accountants who are exceptional in other areas. 

Experience:

o  3 to 7 years of related accounting experience

o  Month-end close

o  Construction accounting experience

o  Financial audit support experience

o  Experience with loans and partnership legal documentation

o  General Ledger and trial balance experience

o  Bank Reconciliation

o  Affordable Housing Real Estate

RESPONSIBILITIES

·        Performs real estate project accounting with focus on affordable housing real estate projects in predevelopment or development. Performs duties related to tracking and accounting for General Partner (GP) and Limited Partner (LP) interests in partnerships, accounting for fees earned, funds released, and reporting on project financial implementation. Monitoring intercompany accounting issues related to loans receivable or payable and related reconciliations is also required.

·        Accounting and accounting systems: Organization Accounting System (Sage Intacct) operations data entry and analysis, performs analysis on fund sources and uses, records and reconciles construction draw and construction financing transactions including acquisition and disposition, records loan fund interest accruals and equity investments, and bank deposits. Performs bank reconciliations if needed, assists with the month end closing of the accounting records and project financial statement preparation, assists with budgeting and accounts receivable.

·        Maintains the general ledger and trial balance for real estate development projects. Records monthly trustee activity for projects that are bond financed; reconciles bank and bond accounts; reconciles draws to actual costs and the construction budget; tracks projected budgets with actual costs and provide auditor with project Construction in Progress CIP)/fixed assets updates; develops and updates depreciation, amortization and asset retirement obligation schedule; creates financial reports for investors and fund sources.

·        Perform research on historical accounting transactions as required.

·        Performs audit support duties: Maintains general ledger and trial balance and executes period-end closing actions that prepare accounting packages for auditor review in collaboration with property level accounting staff. Regular calls and communication with vendors, contractors and banks to obtain adequate information as source documentation for audit records. Provides supporting documentation for financial audits and other financial reviews as needed.

DOES THIS SOUND LIKE YOU?

This is an extraordinary opportunity for a committed leader with 3-7 years of experience. Candidates will ideally have experience in nonprofit affordable housing. Other qualifications include:

·        Commitment to NHT’s mission, including a deep dedication to assisting low income families create

and access opportunities to thrive;

·        Proficiency in analyzing accounting records of project development and real estate operations.

·        Preparation of periodic financial statements within assigned time limits and accuracy standards

  • Experience or familiarity with Low Income Housing Tax Credit programs.
  • Knowledge of the real estate closing process and loan documents utilized in real estate transactions and to relate documentation to accounting transactions
  • Familiarity with federal, state, and local government funding sources for capital and operating needs of affordable housing.
  • Experience working with both private sector financial institutions and public agencies. 

·        Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs

·        Detail-oriented, entrepreneurial self-starter who relishes balances multiple priorities

·        Excellent interpersonal, organizational and communications skills, including both verbal and written skills that emphasize gathering of project critical information

COMPENSATION

Salary and benefits are competitive, ranging from $63,500 to $106, 100, commensurate with experience. .

JOIN US

Submit resume and cover letter to hr@nhtinc.org. Please write "Senior Project Accountant Application" in the subject line of the email. No phone calls.

NHT is an equal opportunity employer.

The National Housing Trust is a strong national nonprofit engaged in affordable housing advocacy, lending, real estate development and energy solutions. Our mission is to preserve and improve affordable multifamily homes to support…

Details at a glance

  • On-site Location
  • Full Time Schedule

Benefits

Health

Dental

Vision

403(b)

SEP IRA

FSA

HSA

Vacation/Sick/Personal Leave

Health

Dental

Vision

403(b)

SEP IRA

FSA

HSA

Vacation/Sick/Personal Leave

Location

Washington, DC

How to Apply

Submit resume and cover letter to hr@nhtinc.org. Please write "Senior Project Accountant Application" in the subject line of the email. No phone calls.

Submit resume and cover letter to hr@nhtinc.org. Please write "Senior Project Accountant Application" in the subject line of the email. No phone calls.

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