Property Accountant, Affordable Housing

About the company

YWCA Seattle | King | Snohomish

Non-profit organization management · 201 to 500 employees

What you'll do

• Record and reconcile tenant rent, rental assistance payments, and other property income in Yardi, accurately distinguishing tenant payments from subsidy payments.
• Reconcile rent rolls, tenant ledgers, and subsidy receivables to the general ledger; investigate and resolve discrepancies.
• Monitor outstanding tenant and subsidy balances, unapplied payments, prepaid rent, and delayed or missing subsidy payments.
• Process approved rent adjustments, prorated rent, move in and move out transactions, refunds, and write offs with appropriate documentation.
• Reconcile security deposit activity and related liability accounts.
• Coordinate with property managers and housing agencies to resolve payment discrepancies and obtain supporting records.
• Work with property management and compliance staff to ensure approved changes to tenant and subsidy portions of rent are accurately reflected in Yardi.
• Process or review property invoices and accounts payable transactions according to established approval procedures.
• Confirm expenses are charged to the correct property, account, and accounting period.
• Record journal entries, accruals, prepaid expenses, and other routine accounting adjustments.
• Reconcile operating bank accounts, security deposit accounts, and applicable reserve accounts.
• Complete assigned monthly and year end closing activities and maintain supporting schedules.
• Prepare routine property financial statements, account detail, and budget variance reports; explain significant discrepancies.
• Maintain accurate accounting records for each assigned property and follow established accounting policies and internal controls.
• Identify unresolved balances, unusual transactions, or other accounting concerns and promptly communicate them to the supervisor.
• Serve as an accounting resource for eight apartment and property managers.
• Explain tenant balances, subsidy payments, expense coding, and property financial information in clear, practical terms.
• Follow up on missing documentation and coordinate timely corrections to accounting records.
• Help managers follow consistent procedures for rent receipts, deposits, invoice submissions, and accounting adjustments.
• Participate in regular meetings with Finance and Housing staff to review outstanding items and resolve recurring issues.
• Maintain organized records, protect confidential resident and financial information, and complete other related accounting duties as assigned.

What you need

• Associate or bachelor’s degree in accounting, finance, or a related field, or an equivalent combination of education and relevant accounting experience.
• At least three years of relevant accounting experience, including experience with residential property or affordable housing accounting.
• Practical experience using Yardi for property accounting, tenant ledger review, reconciliations, and reporting.
• Experience accounting for tenant rent and rental assistance payments, including separate tenant and subsidy receivables.
• Working knowledge of general ledger accounting, accounts payable, accounts receivable, journal entries, bank reconciliations, and monthly closing procedures.
• Familiarity with LIHTC and subsidized housing terminology and how rent restrictions, utility allowances, and approved rent changes affect accounting records.
• Proficiency in Microsoft Excel, including sorting, filtering, formulas, and reconciliation of financial data.
• Ability to manage accounting activity across multiple properties, maintain accuracy, and meet recurring deadlines.
• Strong communication and problem solving skills, with the ability to explain accounting information to colleagues without an accounting background.
• Commitment to respectful collaboration, confidentiality, and YWCA’s mission to eliminate racism and empower women.
• Experience supporting accounting for a portfolio of affordable housing properties.
• Experience working with nonprofit housing organizations and properties with multiple rental assistance arrangements.
• Experience helping property managers resolve tenant ledger and subsidy discrepancies.
• Familiarity with Washington affordable housing programs and local housing authority payment practices

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