Senior Accountant
Location: Los Angeles, CA
Work Arrangement: Hybrid
Employment Type: Full-time
Requisition ID: JR103125
About the Employer
April Housing is a leading owner and operator of high-quality affordable housing across the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is a portfolio company of Blackstone Real Estate, supporting the affordable housing and LIHTC (Low-Income Housing Tax Credit) portfolio. The company's mission is to preserve critical affordable housing stock while delivering exceptional management and high-quality homes to the communities it serves. Backed by Blackstone Real Estate, April Housing is making a bold commitment to preserving affordable housing across the country while ensuring assets are aligned with high standards of excellence, including ongoing property improvements and elevated resident services.
Role Summary
The Senior Accountant will report directly to the Accounting Manager and collaborate closely with the Controllership team and Chief Accounting Officer. This role involves managing client investment portfolios and providing accounting oversight over 400 properties across various property management companies (PMCO). The Senior Accountant will oversee the entire lifecycle of investment-specific accounting, requiring advanced knowledge of accounting principles, strong critical thinking skills, and the ability to make informed decisions in complex situations. This position involves mentoring junior accountants and overseeing an off-site accounting team, the Center of Excellence.
What You'll Do
- Lead second-level review and audit of accounting performed by various PMCOs, each managing 30-45 assets
- Review monthly financial packages from PMCO for completeness, accuracy, and SOX compliance
- Track and report on PMCO submissions; provide guidance and oversight to PMCOs regarding Capex, fixed assets, Bad Debt, Casualty loss, Impairment, data ingestion and audits
- Analyze and advise on financial statements and month-over-month variance analyses
- Oversee posting of journal entries; record gains and losses of dispositions, buyouts, refinances, and other capital events; produce analytical data to support month-end closing
- Oversee complex accounting tasks, including reconciling high-volume accounts and analyzing financial data
- Review and validate general ledger account balances to the sub-ledger or supporting schedules for fixed assets and debt
- Assist in implementing new accounting processes and streamlining existing processes to increase efficiency and effectiveness
- Coordinate tasks and provide clear communication with PMCO in the oversight of assigned properties
- Facilitate coordination with other business units to ensure that all capital transactions are recorded correctly and timely
- Oversee, manage, and train the off-site accounting team at the Center of Excellence
- Gather documentation and prepare responses to requests from internal and external auditors
- Oversee all aspects of GAAP accounting and reporting
- Troubleshoot escalated issues to ensure timely and effective resolution
- Document and update standard operating procedures for key accounting processes
- Provide special project assistance to the CFO, CAO, Controller, or Partnership Accounting Manager
- Produce ad hoc reports and analyses as necessary
Required Qualifications
- BA/BS in Accounting/Business/Finance
- 4+ years of technical, investment accounting experience and/or process-oriented public accounting experience
- Strong knowledge of GAAP accounting, including consolidations and real estate accounting
- Proficiency with Excel, Yardi, FAS, and other real estate-related software
- Excellent written and verbal communication skills to synthesize and advise on financial reports
- Strong organizational skills to process and monitor large quantities of data and documents at end-of-month
- Ability to establish and disseminate procedures and processes to teams
- Strong mentorship skills to guide and provide feedback to junior accountants and the Center of Excellence team
- Analytical and complex problem-solving skills to assess financial standing and develop optimized financial strategies
- Financial and regulatory knowledge to ensure compliance with relevant regulations
- Strong mathematical abilities, decision-making, and analytical skills to produce relevant reports and analyses
- Ability to thrive in a fast-paced, deadline-oriented environment
- Ability to collaborate across functional areas and work with various teams
- Must consistently exercise strong discretion, independent judgment, and business acumen
Preferred Qualifications
- CPA license
- Experience in the Low-Income Housing Tax Credit industry
Compensation
$115,000–$130,000 annually. This represents the presently-anticipated low and high end of the Company's base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience. This position is also eligible for discretionary bonus and incentive compensation on an annual basis.
Benefits
Health insurance coverage, retirement savings plan, paid holidays, and paid time off (PTO).
Additional Information
Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers, the California Fair Chance Act and any other applicable city, county, or local ordinances. Good cause exists for a criminal background check because one of the material duties of this position requires access to sensitive financial information and confidential and proprietary information and accordingly requires the candidate to possess a high level of integrity and discretion. The Company faces a significant risk to its business operations or business reputation if a criminal history check is not performed. A criminal history that has a direct, adverse, and negative relationship with these material duties may potentially result in the withdrawal of a conditional offer of employment.
Equal Opportunity Statement
April Housing is an equal opportunity employer and prohibits discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed, sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy, age, national origin or ancestry, citizenship, physical or mental disability, genetic information, protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. The company is committed to providing reasonable accommodations.
