Accounting Manager (Investments)
Locations: Los Angeles, CA
Requisition ID: JR102919
Job Type: Hybrid
About the Employer
April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April Housing seeks to preserve critical affordable housing stock while providing best-in-class management and high-quality housing, and is committed to being a fair, transparent, and responsible owner.
April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. April Housing oversees more than 80,000 affordable housing units, one of the nation’s largest LIHTC portfolios.
Role Summary
The Accounting Manager will hold a key leadership role within the accounting department, responsible for overseeing multiple accounting functions and ensuring the accuracy and timeliness of financial reporting. The role plays a strategic role in developing policies and providing financial insights to senior management, while managing client investment portfolios and providing accounting oversight for more than 400 low-income multifamily residential properties across various property management companies. The position reports directly to the Accounting Director and collaborates closely with the Controller and Chief Accounting Officer.
What You’ll Do
- Oversee and manage month-end accounting closes, including preparation, maintenance, and reconciliation of general ledger accounts and financial statements.
- Oversee and manage accounting and reporting for fixed assets and debt.
- Oversee accounting for complex capital transactions, including acquisitions, resyndications, dispositions, buyouts, and refinances.
- Manage accounting for the resyndication process, including initial transaction analysis, ongoing accounting, and reporting.
- Perform technical accounting research and prepare accounting memos for complex or non-routine transactions.
- Oversee preparation of analytical data to support month-end closings, including flash reporting and monthly financial packages.
- Manage and maintain key accounting systems, including Yardi.
- Collaborate with property management companies and internal business units to drive process optimization, restructuring, and implementation of new business strategies.
- Develop and implement new accounting processes and strategic initiatives to improve financial performance.
- Lead, manage, and train on-site (Los Angeles) and off-site (India) accounting teams.
- Coordinate audit activities with external auditors and ensure accurate and timely preparation of standalone financial statements.
- Lead the Sarbanes-Oxley (SOX) compliance program, including risk assessment, control design, documentation, and testing.
- Provide special project assistance to the CFO, CAO, Controller, or Director.
- Produce ad hoc reports and analyses as necessary.
Required Qualifications
- BA/BS in Accounting, Business, or Finance.
- 6–8 years of technical or investment accounting experience and/or process-oriented public accounting experience.
- Strong knowledge of GAAP accounting, including consolidations and real estate accounting.
- CPA license required.
Preferred Qualifications
- Experience in the Low-Income Housing Tax Credit (LIHTC) industry.
Compensation & Benefits
Base compensation range: $145,000 to $160,000 annually. Actual compensation may vary based on factors including location and experience.
This role is also eligible for a discretionary bonus and incentive compensation on an annual basis.
Benefits include health insurance coverage, a retirement savings plan, paid holidays, and paid time off (PTO). Compensation and benefits are subject to the terms and conditions of applicable plans, policies, and agreements.
Equal Opportunity Statement
April Housing is an equal opportunity employer. In accordance with applicable law, the company prohibits discrimination against any applicant or employee based on any legally recognized status, including but not limited to race, color, religion, sex, gender identity or expression, sexual orientation, age, national origin, disability, veteran status, or any other protected characteristic. Reasonable accommodations are available during the application process by contacting talent@revantage.com.
