Revantage

Accounting Manager

Job Locations US-CA-Los Angeles
Job Post Information* : Posted Date 1 month ago(1/8/2024 11:52 AM)
ID
2024-6245
# of Openings
2
Category
Accounting

Overview

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 oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April 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 April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.

 

In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.

 

As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $130,000- $160,000, (this represents the presently-anticipated low and high end of the Company’s base salary range for this position). This position is also eligible for discretionary bonus on an annual basis. Actual base salary range may vary based on various factors, including but not limited to location and experience.

Responsibilities

Position Description:

Responsible for managing the accounting function for limited partnerships invested in Section 42 low-income housing properties through a multi-tier structure. The position will oversee the preparation of monthly partnership financial information and supporting work papers and the monthly general ledger close process. The position will review the work of senior and staff accountants and perform ad hoc special projects as necessary.

 

Job Responsibilities:

    • Manage monthly financial close process for the corporate entities and a portfolio of Low-Income Housing properties.
    • Maintain team’s accountability over deadlines and provide high-quality accounting standards and work products.
    • Provide basic technical accounting and Excel efficiency training to team members.
    • Review work of senior and staff accountants, including, but not limited to, monthly account reconciliations, journal entries, supporting schedules, and property financial packages.
    • Manage and provide quality control over the accounting outputs and optimization of the third-party service providers.
    • Assist with internalizing key accounting tasks from the current accounting firm/consultants. Prepare and review formal process documentation and oversee training to outsource certain accounting functions to India.
    • Prepare monthly financial statements for the corporate entities and perform analytical procedures to research and explain significant variances.
    • Troubleshoot escalated issues and ensure that they are handled timely and effectively.
    • Prepare GAAP disclosures and various management reports.
    • Manage and direct supervision and guidance to a team of staff accountants.
    • Actively participate in various departmental and company initiatives to implement best practices under the direction and guidance and in partnership with the Director of Accounting, Controller, and CAO.
    • Develop, lead, and implement recommendations for effective and efficient business processes. This includes collaboration with other departments and teams to ensure a holistic approach to implementing new business processes.
    • Document and update operating standard procedures for key accounting processes.
    • Support senior management by providing relevant accounting information as necessary.

Qualifications

Qualifications:

  • BA/BS in Accounting/Business/Finance
  • 8+ years of relevant accounting experience focused on limited partnerships in Real Estate
  • Strong knowledge of GAAP accounting
  • Proficiency with Excel, Yardi, or other Real Estate related software experience preferred.
  • Excellent written and verbal communication skills
  • Team player
  • Excellent organizational and analytical skills
  • Ability to thrive in a fast-paced, deadline-oriented environment.
  • Certified Public Accountant is a plus
  • Public accounting experience is a plus
  • Low-income housing Tax Credit industry experience is a plus

 

EEO Statement

The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

 

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