Job Description
Accounting Manager – Affordable Housing Property Accounting
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Location: Washington, DC–Baltimore Area
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Work Arrangement: Fully Remote – Candidates Must Be Local to the DMV Area within commutable distance
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Industry: Multifamily / Affordable Housing / Property Management
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Employment Type: Full-Time
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The Opportunity
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A highly established and growing multifamily real estate and property management organization is seeking an Accounting Manager to join its Property Accounting team.
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This position will manage the day-to-day accounting for a portfolio primarily consisting of affordable housing properties while overseeing a team of approximately 3–4 accounting professionals.
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The organization offers an exceptionally stable accounting team, strong leadership, minimal turnover, and a primarily remote work environment. Candidates must live within the Washington, DC–Baltimore region and be available for occasional in-person responsibilities.
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Prior Affordable Housing Property Accounting experience is REQUIRED for this position.
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Key Responsibilities
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- Manage the day-to-day property accounting activities for a portfolio primarily consisting of affordable housing communities.
- Oversee and review monthly financial statements, journal entries, bank reconciliations, account reconciliations, wires, and other close activities.
- Ensure accurate and timely completion of monthly and year-end close requirements.
- Review property-level financial results and investigate unusual balances or variances.
- Partner with Property Operations on annual budgets, reforecasts, cash funding draws, and financial reporting.
- Serve as the accounting lead for new property transitions, dispositions, and management transitions.
- Support annual audits and respond to auditor requests and supporting schedules.
- Communicate with internal and external stakeholders regarding financial statements, distributions, tax-related matters, and other property accounting issues.
- Ensure compliance with GAAP, internal controls, accounting policies, and reporting requirements.
- Manage, mentor, train, and develop a team of approximately 3–4 accounting professionals.
- Assist other property accounting teams with additional portfolio needs as required.
- Maintain consistent reporting quality while managing multiple properties and deadlines.
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Hard Requirements
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Candidates must have:
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- Affordable Housing Property Accounting experience – REQUIRED
- Bachelor's degree in Accounting or Finance
- Yardi or MRI experience
- 7+ years of progressive real estate/property accounting experience
- 3+ years of accounting leadership, supervisory, or management experience
- Strong understanding of property-level month-end close
- Experience preparing and reviewing property financial statements and reconciliations
- Experience with budgeting, forecasting, and property-level financial analysis
- Strong knowledge of GAAP
- Strong Microsoft Excel skills, including PivotTables, VLOOKUP/XLOOKUP, SUMIFS, and similar functions
- Ability to manage multiple properties, priorities, and reporting deadlines
- Strong written and verbal communication skills
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Preferred Background
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The strongest candidates will have experience managing the accounting for a portfolio of multifamily affordable housing properties and understand the nuances associated with affordable housing property management.
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Experience with Yardi is particularly valuable.
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Leadership Responsibilities
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This is a true player/coach Accounting Manager opportunity. The successful candidate will:
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- Oversee approximately 3–4 accounting professionals
- Review and approve team deliverables
- Provide training and technical accounting guidance
- Manage performance and development
- Ensure deadlines and reporting standards are consistently met
- Remain hands-on with the accounting for the assigned portfolio
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Why Consider This Opportunity?
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- Primarily remote work environment
- Highly stable accounting team with minimal turnover
- Strong and well-respected leadership
- Established organization with a significant real estate portfolio
- Opportunity to lead a team while remaining close to the accounting
- Continued portfolio growth creating long-term opportunity
- Excellent opportunity for an experienced Affordable Housing Property Accounting Manager seeking stability and flexibility
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Interview Process
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The interview process is streamlined and includes an initial recruiting conversation, a virtual interview with accounting leadership, and an onsite meeting with the team.
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Candidates should also be prepared to complete a property accounting assessment as part of the interview process.