Accounting Manager - Vintage Housing

Vintage Housing - Tulsa, OK

Full-time - Mid Level

Tulsa, OK

Real Estate

About the position

The Accounting Manager oversees Vintage Housing's financial operations, playing a crucial role in the day-to-day accounting and monitoring of the financial aspects of the Vintage Housing portfolio. This position is responsible for preparing comprehensive reports for senior management, the board, lenders, and investors, ensuring that all financial activities are accurately documented and reported. The Accounting Manager will assist the CFO in managing the development portfolio, which includes tasks such as assisting with construction closings, overseeing construction draws, and reviewing project cost certifications and 8609 applications. In the realm of Corporate Accounting, which constitutes 60% of the role, the Accounting Manager will lead a team that includes a Senior Accountant and a Staff Accountant. This team will maintain daily corporate accounting functions, which involve preparing and reviewing journal entries, processing invoices, recording cash deposits, and performing bank reconciliations for Vintage Housing and its portfolio of properties. The Accounting Manager will collaborate with operations and maintenance staff to ensure that proper invoicing and billing procedures are adhered to across the portfolio. Additionally, they will act as the system administrator for Real Page and OneSite, ensuring that all transactions are sufficiently documented and that procedures are in place and documented for all accounting functions. The role also encompasses Real Estate Development responsibilities, accounting for 30% of the position. The Accounting Manager will review organizational and financing documents prior to project construction closings, track monthly financial reporting requirements for development projects, and manage the bookkeeping process for new developments. They will support both the accounting and development teams in reviewing construction draws and lender funding requests, as well as preparing for project cost certifications and submitting equity requests to investors in accordance with project limited partnership agreements. Furthermore, they will review 8609 applications for 4% and 9% LIHTC projects. In terms of Grant Tracking, which accounts for 5% of the role, the Accounting Manager will assist the accounting team in reviewing grant proposals and budgets, ensuring compliance with reporting requirements. Lastly, in Asset Management, also 5% of the role, they will assist with the preparation and review of property trial balances and monthly journal entries. This position is integral to the financial health and operational success of Vintage Housing, requiring a blend of technical accounting skills, leadership capabilities, and a commitment to the mission of serving seniors and their families.

Responsibilities

• Lead a team consisting of a Senior Accountant and Staff Accountant in maintaining daily corporate accounting functions.
• Prepare and review journal entries, process invoices, record cash deposits, and perform bank reconciliations for Vintage Housing and its portfolio of properties.
• Collaborate with operations and maintenance staff to ensure proper invoicing and billing procedures are adhered to across the portfolio.
• Act as the system administrator for Real Page and OneSite.
• Ensure sufficient documentation of all transactions and that procedures are in place and documented for all accounting functions.
• Prepare monthly financial statements in accordance with US GAAP for Vintage Housing and the portfolio for the Board, Investors, and Lenders.
• Assist with the preparation for the Vintage Housing consolidated and property audits, including the review of audited financial statements and tax returns.
• Manage local and state tax filings.
• Review organizational and financing documents prior to project construction closing.
• Track monthly financial reporting requirements for development projects.
• Manage the bookkeeping process for new developments.
• Support the accounting team and Development team with the review of construction draws and lender funding requests.
• Support the accounting team with preparing for project cost certifications.
• Submit equity requests to investors in accordance with project limited partnership agreements.
• Review 8609 applications for 4% and 9% LIHTC projects.
• Assist the accounting team with reviewing grant proposals, budgets, and monitor compliance with reporting requirements.
• Assist with the preparation and review of property trial balances and monthly journal entries.

Requirements

• BS in Accounting preferred.
• Public accounting and CPA area plus.
• Minimum five to seven years of relevant experience preferred, including at least three years of supervisory experience.
• Experience supervising teams of 2 - 5.
• Real estate experience preferred, with knowledge of Real Page and OneSite a plus.
• Low-income housing tax credit, affordable housing, nonprofit experience preferred.
• Excellent writing, proofreading, editing, and oral communication skills.
• Ability to assume responsibility and quickly follow-up on multiple tasks; strong organizational skills and attention to detail; hardworking.
• Ability to work independently with good judgment skills.
• Good sense of humor, courteous and responsive.
• Enjoys a fast-paced environment.

Nice-to-haves

• Knowledge of Real Page and OneSite.
• Experience in low-income housing tax credit and affordable housing sectors.

Benefits

• Competitive salary range of $80,000 - $110,000 yearly.
• Full-time exempt position with typical workdays from Monday to Friday.
• Opportunities for professional development and growth within the organization.