National Housing Trust · 2 months ago
Senior Accountant, Lending
Washington, District of Columbia, United States
Full-time
Hybrid
Mid, Senior Level
$90K/yr - $110K/yr
4+ years expNational Housing Trust (NHT) has been dedicated to creating and preserving affordable housing for almost 40 years. The Senior Accountant, Lending will support the Finance department in maintaining accounting operations for NHT Lending entities, ensuring accurate financial transaction recording and compliance with accounting standards.
ConstructionReal Estate
Responsibilities
Demonstrate understanding of all aspects of lending operations at NHT
Review lending transaction disbursement requests and validate account coding distribution for accuracy via NHT Accounts Payable disbursement system (AvidXchange); ensure loan related transactions are properly supported in accordance with accounting standards and internal documentation standards
Ensure that all transactions recorded in the loan servicing system are accurately recorded in the general ledger, including recording funding/payoff transactions, interest capitalizations, interest accrual, interest payments, changes to loan loss reserves, and charge offs
Record and maintain support for daily lending receipts recorded to the general ledger; Allocate receipts to the correct loan project, principal, interest and fee accounts
Record revenue recognition transactions for revenue related to private grants, CDFI Awards, and other Federal Awards
Assist investors with queries related to convenant tracking and financial reporting requirements
Work with Lending department staff to obtain reports from loan system to support various lending transactions as needed; create invoices and track expenses related loan closings; work with lending staff and loan system-related vendors on system implementation and troubleshooting issues
Support project management in the accounting system for tracking transactions by projects; Create new projects for grant and loans; make grant and loan projects inactive following completion and loan closing/payoffs; advise lending staff how to code FTE hours to meet the budged for grants
Monitor cash balances and coordinate with Lending department staff on various account transfers
Track compliance for business licenses, charitable registrations, state annual reporting, and other compliance tasks as assigned
Coordinate with Real Estate Development and Finance team members to ensure lending transactions are aligned with project-level accounting and reporting requirements
Prepare bank reconciliations for lending entities and subsidiaries for review; investigate any uncleared/outstanding reconciling items
Perform month-end close tasks for lending entities and subsidiaries; Complete monthly loan accounting close procedures and deliverables that includes journal entries, reconciliations, and preparing financial statement reports in accordance with US GAAP
Use accounting task management tool, FloQast, for reconciliation preparation and completing month end close
Create, maintain, or review supporting schedules and analyses for various general ledger accounts including but not limited to reconciliation schedules for loan receivables and loan payables by project
Review general ledger activity and calculate monthly accruals and prepayments
Collaborate with real estate finance staff to reconcile loan related transactions and ensure proper classification and reporting of real estate related lending activities
Identify and research explanations for any reconciliation variances and work with Lending team staff to propose resolution to resolve timely
Establish appropriate controls for loan accounting to monitor and resolve any reporting or transactional discrepancies timely
Support financial reporting preparation including preparation of any ad hoc reporting
Create standard and non-standard recurring and required month-end journal entries for review and approval, including investment activities, fixed assets, amortization, expensing prepaid items, recognizing deferred revenue and other accruals, and release of temporarily restricted net assets
Assist in the preparation of form 990s for assigned entities
Actively identify process improvement opportunities, assist in developing solutions for loan accounting processes, streamline existing processes to enhance efficiencies within the Finance team
Assist in the development of policies and procedures regarding finance and accounting operations
Participate in the development of organization wide training programs as it relates to finance and accounting policies and procedures
Provide audit support to NHT and affiliate entities and support OMB Uniform Guidance lending entity audits; prepare and provide supporting documentation and schedules for financial and compliance audits and other financial reviews, as needed; participate in meetings with the external auditors for all parent-entity level audits
Assist with general ledger (Sage Intacct) maintenance and accounting systems management and administration
Assist in the preparation of the annual budget, as directed
Maintain strict compliance with NHT record retention and management policies
Qualification
Required
A Bachelor's degree in Accounting or Finance is required
A minimum 4-6 years of work experience in accounting, preferably in the community lending, multi-family real estate, and/or public accounting
Experience with CDFIs and non-profit accounting and tax-related matters
Grant accounting and management experience
Resourcefulness, with the ability to deliver results in an entrepreneurial, dynamic environment
Demonstrate the ability to understand and/or develop organizational and accounting related workflows and processes
Demonstrated ability to collaborate across departments, particularly with the real estate and lending teams, to ensure cohesive financial reporting and compliance
Demonstrate strong technical, critical thinking, problem solving, and investigative skills
Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs
Excellent interpersonal, organizational, and communications skills, verbal and written
Excellent planning and organization skills with exceptional attention to detail
Commitment to diversity, equity, and inclusion
A collaborative approach and team orientation
Commitment to NHT's mission, including a deep dedication to assisting families struggling with housing insecurity and inequity
Preferred
Experience with AvidXchange, Sage Intacct, and FloQast, preferable but not required
Company
National Housing Trust
National Housing Trust is the nation’s leading expert in preserving, improving and maintaining affordable housing.
Founded in 1986Washington, District of Columbia, USA
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$2.48MKey Investors
Community Development Financial Institutions Fund
2023-04-10Grant· $2.48M
Leadership Team
Nicole Prorock, CPA
Chief Financial Officer
Marilyn Melkonian
Founder and Chairperson
Recent News
Washington Business Journal
2025-02-13
Washington Business Journal
2023-10-22
2023-09-14
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