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Senior Property Accountant
2 weeks ago
The Senior Property Accountant is responsible for the monthly financial statements of 2Life's tax credit and affordable/HUD senior housing properties, and will oversee and be responsible for the month end and year end closing process.ESSENTIAL JOB FUNCTIONSOversee and ensure the appropriateness of property accounting transactions: ensuring all monthly accounting entries, accruals, adjusting entries, cash/bank reconciliations and rent and vacancy calculations are accurate; Ensure that required funding for all properties is in compliance with HUD regulations; Prepare and review monthly intercompany entries and reconciliation.Ensure timely reporting: Oversee creating monthly financial statements for property entities and that these are distributed on a timely basis, prepare monthly and annual budget vs. actual variance analysis, meet with relevant personnel regularly to review; Perform ongoing analysis of all operating costs including utilities, taxes, and insurance for all properties.Support property budgeting: Working with relevant personnel, prepare annual budgets for the properties; clarify relevant budget data/drivers, edit and review budgets for reasonableness, follow through on budget submissions to HUD and investors.Support property audits: Prepare all requirements for the annual audit including account analysis and supporting schedules.Assist with various other projects as needed by the Director of Property Finance & Accounting, Controller, and/or the Chief Financial Officer.Process and manage routine and recurring financial and accounting tasks associated with property accounting and reporting.Positively contribute to occasional efforts to improve the processes and systems that support property accounting.Partner effectively with the CFO, Controller and other departmental leadership.KNOWLEDGE, SKILLS & ABILITIESBachelor's degree in Accounting, Finance or Business or commensurate work experience in related fields.Strong accounting background in affordable/low income real estate with experience in financial statement preparation and analysis.Experience with RealPage Accounting Software.Exceptional attention to detail while role modeling high standards with regard to quality and timeliness of work products.Strong performer at competencies related to individual management: tasks, communication, and scheduling; contributes positively to effective meetings.Solid process management skills and competencies: structuring workflows, developing and managing to work plans, identifying critical path items, clarifying task responsibilities and deadlines, dependencies, effective problem solving.2Life Communities provides superior housing to older adults of all backgrounds who can thrive independently within a supportive environment.
We are a mission-driven organization with a vision whereby all older adults have the opportunity to age in community – to live a full life of connection and purpose in a dynamic and supportive environment.
We are continually evolving support services to meet the needs of our diverse residents as they age.2Life Communities owns and operates over 1,300 units of affordable rental housing located within six campuses in metropolitan Boston.
With another 210 apartments under construction and more in planning, we expect to add another 600-700 units within the next several years as we complete projects in active planning and construction phases.Qualified candidates are strongly encouraged to apply here.BENEFITS AND MOREWe offer a very rich benefit plan which for individuals adds 27% on top of the base pay and over 30% for employee +1 and families.
Our rewards program includes but not limited to:Robust medical and dental plan.Vision.Employer-paid life and AD&D, STD, and LTD insurance.401(k) plan.Paid vacation.Paid holidays.2 floating holidays.Pet insurance.And moreThe above statements intend to describe the general nature and level of work performed by people assigned to do this job.
The above does not intend to be an exhaustive list of all responsibilities and duties required.We desire to build and cultivate an environment that brings together an exceptional workforce with unique experiences, backgrounds, talents, and perspectives.External and internal applicants, as well as position incumbents who become disabled as defined under the Americans with Disabilities Act must be able to perform the essential job functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on a case by case basis.
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