Property Controller

Financial Reporting & Close

• Assist in the preparation of monthly, quarterly, and annual financial statements for all affordable housing entities, partnerships, and developments.
• Support the month-end and year-end close processes, including journal entries, account reconciliations, and variance analysis.
• Prepare and review financial reports for investors, lenders, syndicators, and government agencies in accordance with applicable standards (GAAP, HUD, LIHTC).
• Maintain general ledgers for multiple ownership entities, including LLCs and limited partnerships.

Affordable Housing Compliance & Regulatory Reporting

• Ensure compliance with LIHTC program requirements, including annual owner certifications and investor reporting.
• Coordinate preparation of HUD-required financial statements and annual audits for Section 8, HOME, and other federally assisted housing programs.
• Assist in preparation of annual tax returns for partnerships and entities (Form 1065, Schedule K-1) in coordination with external tax advisors.
• Monitor regulatory agreements, loan covenants, and ground lease obligations to ensure ongoing financial compliance.

Budget & Cash Management

• Support the annual budgeting process across the affordable housing portfolio, working closely with asset management and property operations teams.
• Monitor cash flow for individual developments, flag variances, and recommend corrective actions.
• Oversee accounts payable and receivable functions, including HAP (Housing Assistance Payment) processing and subsidy reconciliation.
• Review draw requests for construction projects and manage funding disbursements from lenders, investors, and public agencies.

Audit & Internal Controls

• Coordinate annual financial audits with external auditors; prepare audit schedules, supporting workpapers, and draft financial statements.
• Implement and maintain internal controls to ensure the accuracy and completeness of financial data.
• Identify areas for process improvement and support the implementation of efficiency initiatives.

Team Leadership & Collaboration

• Supervise and mentor accounting staff, providing guidance on affordable housing accounting principles and procedures.
• Collaborate cross-functionally with asset management, development, property management, and legal teams.
• Serve as a key point of contact for investors, syndicators, lenders, and government agencies on financial matters.

QUALIFICATIONS

Education

• Bachelor's degree in Accounting, Finance, or a related field required.
• CPA license a plus
• Minimum 10-15 years of progressive accounting experience, with at least 5 years in affordable housing, real estate, or nonprofit finance.
• Direct experience with LIHTC partnerships, HUD programs (Section 8, HOME, CDBG), and/or tax-exempt bond financing strongly preferred.
• Prior supervisory or team lead experience preferred.

Technical Skills

• Strong knowledge of GAAP and affordable housing accounting standards.
• Proficiency with property management or affordable housing accounting software (e.g., Yardi, MRI, RealPage, Sage Intacct).
• Advanced Microsoft Excel skills; experience with financial modeling and consolidation.
• Familiarity with HUD REAC submission processes and LIHTC compliance reporting is a plus.

Core Competencies

• Strong analytical mindset with exceptional attention to detail and accuracy.
• Excellent written and verbal communication skills; ability to translate complex financial data for non-finance stakeholders.
• High degree of integrity and discretion when handling confidential financial and tenant information.
• Self-starter with the ability to manage multiple priorities and deadlines in a dynamic environment.