Harmony Housing Affordable Development · 2 months ago
Corporate Accounting Manager
Raleigh, North Carolina, United States
Full-time
Onsite
Senior Level
6+ years expHarmony Housing Affordable Development Inc. is a leading real estate developer of affordable rental housing in the United States. They are seeking a detail-oriented and experienced Corporate Accounting Manager to manage financial operations, ensure compliance with regulations, and provide accurate financial reporting for affordable housing projects.
Government Administration
Responsibilities
Support senior leadership with annual corporate-level budgeting and periodic reforecasts
Manage corporate cash flow forecasting, treasury operations, and intercompany account reconciliations
Collaborate with the Project Teams to track, update, and report project-level financials for pipeline developments, including accrued developer fees earned and paid, deferred developer fees outstanding with collection monitoring, pre-development cost advances, and other related items
Reconcile development project receivables and provide monthly report on HHAD pre-development advances and estimated repayment schedules
Reconcile Trustee, construction related bank accounts for all projects, and operational bank activities
Direct the preparation of quarterly guarantor financial statements, ensuring accuracy, completeness, and compliance with GAAP
Maintain the Company’s Schedule of Real Estate Owned (REO) and Schedule of Contingent Liabilities, ensuring accuracy and completeness
Maintain and enhance internal controls and accounting policies to ensure compliance with GAAP and organizational standards
Maintain metrics and databases for investment, financial and expense performance analysis
Coordinate the preparation of corporate-level audits and tax filings with external auditors and accountants
Coordinate the preparation of property-level audits and tax filings with external auditors and accountants, ensuring compliance with partnership and loan agreements, as well as annual owner reporting to state agencies
Manage support schedules including investor tax certifications, cost certifications, equity adjuster calculations, and relative compliance tests
Ensure continuous adherence to local, state, and federal regulations related to affordable housing financing and reporting
Prepare and submit required reports to funding agencies, regulatory bodies, and stakeholders in a timely manner
Review project partnership and financial documents and ensure funding terms and conditions are consistently maintained
Help manage the Company’s allocation of Capital Magnet Funds (“CMF”) by coordinating disbursements and ensuring compliance with all reporting requirements to the CDFI
Qualification
Required
Bachelor's degree in accounting, finance, or a related field; CPA is preferred, but not required
Minimum of (6) years of experience in accounting, corporate finance, or related role
Experience in accounting processes for LIHTC and tax-exempt bond properties, and familiarity with affordable housing funding programs and compliance regulations
Ability to work independently
Demonstrated analytical, problem-solving, and decision-making skills
High-energy, accurate, organized, highly detailed, and results-oriented professional with demonstrable ability to successfully manage multiple projects and successfully work under pressure of strict deadlines
Excellent written and oral communication skills with an ability to clearly and concisely express ideas, thoughts, and concepts verbally and in writing
Strong financial and analytical skills, as well as advanced computer skills (Excel, Word, Adobe and SmartSheet); spreadsheet management experience including the ability to link and transfer data
Ability to manage daily responsibilities and projects with minimal direction, while also working in close collaboration with a team to provide solutions where needed
Ability to maintain a “big picture” focus while attending to very detailed work and providing thorough documentation
Resourceful, flexible and maintain the ability to react and respond quickly towards positive outcomes
Strong personal standards and values consistent with HHAD's core values (entrepreneurial, integrity, caring, and excellence)
Preferred
CPA is preferred, but not required
Company
Harmony Housing Affordable Development
Harmony Housing Affordable Development constructs and preserves thousands of rental units for low-wealth residents.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase