Accounting Manager (Investments)

Los Angeles, CA - USA

Yearly Salary: $ 145000 - 160000

Posted on: 19 hours ago

Vacancies: 1 Vacancy

Job Summary

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 Blackstones affordable housing and LIHTC portfolio. 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 Housings 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 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 Housings 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.

Accounting Manager Corporate Accounting

Position Overview:

The Accounting Manager will hold a key leadership role within the accounting department responsible for overseeing multiple accounting functions ensuring the accuracy and timeliness of financial reporting. This role will play a strategic role in developing policies and providing financial insights to senior management. It involves managing client investment portfolios and providing accounting oversight over 400 low-income multi-family residential properties across various property management companies (PMCO) will report directly to the Accounting Director and collaborate closely with the Controller and Chief Accounting Officer.

Primary Job Responsibilities:

Oversee and manage month-end accounting closes including the preparation maintenance and reconciliation of general ledger accounts and financial statements.
Oversee and manage the accounting and reporting for fixed assets and debt.
Oversee the accounting for complex capital transactions including acquisitions resyndications dispositions buyouts refinances.
Manage accounting for 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 the preparation of analytical data to support month-end closings such as Flash reporting and monthly financial package.
Manage and maintain key accounting systems (Yardi).
Closely collaborate with PMCOs and other business units within the Company to drive process optimization restructuring and implementation of new business strategies.
Develop and implement new accounting processes and other 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 the 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.

Skills:

Strong leadership skills strategic vision ability to inspire and drive performance
Excellent written and verbal communication skills to effectively present to senior management and other departments
Advanced understanding of accounting processes and systems proficiency and financial analysis and strategic planning.
Proficiency with Excel Yardi FAS and other real estate-related software experience preferred
Strong organizational skills to set clear goals adhere to deadlines delegate tasks effectively
Strong mentorship skills to guide and provide feedback to the team
Analytical and 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 judgment and business acumen

Qualifications:

BA/BS in Accounting/Business/Finance
6-8 years of technical investment accounting experience and/or process-oriented public accounting experience
Strong knowledge of GAAP accounting including consolidations and real estate accounting
CPA license required
Experience in theLow-Income Housing Tax Credit industry is a plus

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.

Base Compensation Range:

$145000.00 To $160000.00 Annually. This represents the presently-anticipated low and high end of the Companys base compensation range for this position. Actual base compensation range may vary based on various factors including but not limited to location and experience.

Total Direct Compensation: This job is also eligible for discretionary bonus and incentive compensation on an annual basis.

Benefits: The Company provides a variety of benefits to employees including health insurance coverage retirement savings plan paid holidays and paid time off (PTO).

The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans policies practices agreements or other materials or documents as in effect from time to time including but not limited to terms and conditions regarding eligibility.

Please review the job applicant privacy notice here.

EEO Statement

April Housing is an equal opportunity 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

Required Experience:

Manager

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 Blackstones affordable housing and LIHTC portfolio. April Housing seeks to pres...