Property Accountant

About this role

JOB DESCRIPTION

Company Overview: AAMCI is a leading property management company dedicated to providing affordable housing solutions and exceptional service to our residents. We are committed to creating vibrant and sustainable communities where individuals and families can thrive.

Full Time- Monday thru Friday, 8 am to 5 pm.

REMOTE- EAST TN

Position Pay $60K per year

Position Overview: Under the supervision of the Controller, this position is responsible for full-cycle accounting and financial reporting for a portfolio of multifamily properties, including affordable housing communities. This role maintains accurate financial records, supports compliance reporting, manages payables and cash activity, and collaborates with operations teams to ensure timely and accurate accounting processes.

Responsibilities:

• Prepare and maintain monthly financial statements for an assigned property portfolio.
• Complete monthly bank reconciliations and general ledger reconciliations.
• Analyze income statements, balance sheets, budget variances, and other financial reports.
• Record journal entries, accruals, prepaid expenses, and intercompany transactions.
• Ensure accuracy of rent rolls, subsidy payments, tenant receivables, and security deposits.
• Assist with month-end and year-end close processes.
• Maintain accounting records in compliance with HUD, LIHTC, Section 8, Rural Development, and other applicable program requirements.
• Prepare financial reports required by investors, lenders, housing authorities, regulatory agencies, and ownership groups.
• Support annual audits, agency reviews, and owner reporting requirements.
• Monitor escrow accounts, replacement reserves, restricted cash balances, and overall property cash flow.
• Review and process invoices, vendor payments, wire transfers, distributions, and cash requests for assigned properties.
• Coordinate with property managers regarding outstanding receivables, delinquency reportin...