Property Accountant - Affordable Housing (AR/AP)

Job Description

Property Accountant – Affordable Housing (AR/AP) |Bronx, NY | On-site

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The Role

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Our client is a well-established affordable housing owner-operator with a multifamily rental portfolio spanning the Bronx, Brooklyn, and Manhattan. The portfolio is supported by housing programs including LIHTC, HOME, and project-based voucher (PBV) initiatives, and it is continuing to grow. This is a hands-on accounting role sitting at the center of daily financial operations across multiple properties and regulatory frameworks.

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The Sr. Accounting Specialist owns both AR and AP functions end to end, while also serving as a key coordination point between Accounting, Operations, Compliance, Legal, and external subsidy administrators. That cross-departmental reach is real and constant, not incidental.

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This is not a role where you set the accounting strategy or manage a large team. It is a role where you execute with precision, keep multiple balls in the air across a complex portfolio, and know affordable housing billing well enough to troubleshoot subsidy discrepancies without being walked through it.

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What This Role Is, and Is Not

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This role is:

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• A full-cycle AR and AP position with real ownership over reconciliations, vendor management, and subsidy billing

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• A coordination hub between accounting and the rest of the organization, including Compliance, Operations, and Legal

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• A senior individual contributor role that may provide day-to-day guidance to teammates but is not a people-management position

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• Detail-intensive and deadline-driven, with weekly and monthly reporting cycles that do not move

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This role is NOT:

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• A Controller or Accounting Manager role with strategic or supervisory authority

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• A remote or hybrid position, presence in the Bronx office is required

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• A general property accounting role where regulated housing experience is optional

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• A fit for someone who needs clean, simple portfolios and straightforward billing

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Required Experience & Traits

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• Five or more years of hands-on accounting experience in property management, with real familiarity with how multifamily operations work day to day

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• Solid working knowledge of AR, AP, reconciliations, and financial reporting, not just exposure

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• Experience with subsidized or regulated housing billing (LIHTC, HOME, PBV, or similar programs) is strongly preferred and will set strong candidates apart

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• Advanced Excel skills, meaning you use it to work, not just to view files

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• Proficiency in accounting systems and Microsoft Word

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• Strong analytical and organizational instincts, with the ability to investigate a discrepancy and resolve it, not just flag it

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• Clear written and verbal communication skills, including the ability to correspond professionally with tenants, government agencies, and third-party administrators

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• Comfortable managing competing priorities across multiple properties and deadlines simultaneously

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Key Responsibilities

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Accounts Receivable and Collections

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• Lead end-to-end processing of incoming payments, including rent, subsidies, security deposits, concessions, and write-offs

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• Prepare and distribute monthly rent bills and tenant share adjustment reports, and respond to tenant rent inquiries with accuracy and professionalism

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• Maintain and reconcile AR ledgers, investigate billing discrepancies and subsidy variances, and issue required notices for late payments, returned checks, and uncashed deposits

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Reconciliations and Financial Reporting

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• Conduct weekly and month-end bank and receivable reconciliations, and participate in recurring cash management reviews

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• Maintain subsidy billing and collection reporting in coordination with Compliance and Operations

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• Support monthly financial reviews, variance analysis, audits, and internal compliance reporting

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Accounts Payable and Vendor Management

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• Review purchase orders and process vendor invoices on time, ensuring proper approvals and supporting documentation are in place

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• Reconcile vendor statements, resolve discrepancies, and track recurring contract payments

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• Support cash flow monitoring and account management across the portfolio

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Cross-Functional Coordination

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• Serve as the primary accounting contact for Operations, Compliance, Resident Services, and Legal on billing, collections, and lease-related adjustments

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• Communicate with government agencies and third-party subsidy administrators as needed

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• Support onboarding of new properties and portfolio transitions from an accounting standpoint

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Process and Workflow

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• Track accounting deliverables and deadlines across the portfolio, and provide day-to-day guidance to accounting team members as needed

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• Identify and implement workflow improvements and internal control enhancements

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• Draft and maintain process documentation to support consistency and audit readiness

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Why EqualAccess

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EqualAccess partners with best-in-class organizations and supports candidates beyond placement. Every candidate we place receives 3 months of post-hire coaching and career support, ensuring long-term success and growth.

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