Accounting Manager Disbursement Operations

Los Angeles, CA - USA

Yearly Salary: $ 130000 - 145000

Posted on: 13 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.

Position Description:

The Accounting Manager will oversee cash disbursements and accounting for limited partnerships investing in Section 42 LowIncome Housing Tax Credit (LIHTC) properties within a multitiered investment structure. Reporting to the Vice President of Accounting this role will supervise a team of three to four partnership accounting professionals and support special projects for the CFO CAO and other senior leaders.

The Manager will direct cash receipts and disbursements wire/ACH processing and ensure the accuracy of all request packages while providing key financial transaction data for corporate entities and a portfolio of LIHTC properties.

The Ideal Candidate:

Thinks beyond daily tasks and contributes to the longterm vision of Partnership Accounting.
Anticipates operational needs identifies risks and implements proactive solutions.
Brings a continuousimprovement mindset focused on scalability automation and modernization.
Builds a highperforming collaborative team across onshore and offshore resources and holds the team accountable for accuracy and timeliness.

Job Responsibilities:

Lead accounting operations within complex partnership structures and strengthen crossdepartment collaboration.
Drive best practices and standardization across onshore and offshore teams.
Manage cash receipt and disbursement processes including loan administration and ensure timely and accurate monthly and yearend reporting. Provide ad hoc reporting and analysis as needed.
Oversee operational funding requests ensuring complete and accurate documentation. Implement tools and controls to enhance cash management and improve cash flow forecasting.
Review and enhance liquidity reporting in partnership with FP&A.
Support resyndication activities including construction draws loan fundings preclosing cost accounting and constructioninprogress tracking.
Partner with Portco teams to improve and standardize invoice processing workflows and ensure consistent expense coding.
Support ERP and finance system integrations and upgrades to ensure smooth implementation.
Monitor compliance with internal controls accounting policies and regulatory requirements.
Develop and maintain standard operating procedures for key accounting processes including oversight of offshore accounting functions.
Invest in staff development through coaching training and structured feedback.
Oversee partnership contribution and distribution waterfalls.
Manage workflow and optimize wire processing through GTreasury in coordination with an affiliate service provider.
Build strong working relationships with Corporate Accounting Tax FP&A Capital Markets and Transaction Management.
Serve as backup to the Accounts Payable Manager when needed.
Ensure team deadlines are met and deliverables meet accounting standards.

Qualifications:

Bachelors degree in Accounting Business or Finance.
CPA Preferred.
Minimum of 6 years of relevant accounting and finance operations experience.
Private equity experience is a plus.
Strong understanding of GAAP accounting principles.
Proficiency in Excel Yardi GTreasury AVID Banking software or other Real Estate related software preferred.
Excellent written and verbal communication skills.
Strong organizational analytical and team leadership abilities.
Ability to thrive in a fast-paced deadline-oriented environment.
Maintains composure and leadership presence during periods of change or increased workload.
Experience in the Low-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:

$130000.00 To $145000.00 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...