Property Accountant

JOB DESCRIPTION

Company Overview: AAMCI is a leading property management company dedicated to providing affordable housing solutions and exceptional service to our residents. We are committed to creating vibrant and sustainable communities where individuals and families can thrive.  

 Full Time - Monday thru Friday, 8 am to 5 pm.

Hybrid- EAST TN

Position Pay $60K per year

 Position Overview: Under the supervision of the Controller, this position is responsible for full-cycle accounting and financial reporting for a portfolio of multifamily properties, including affordable housing communities. This role maintains accurate financial records, supports compliance reporting, manages payables and cash activity, and collaborates with operations teams to ensure timely and accurate accounting processes.

Responsibilities:

• Prepare and maintain monthly financial statements for an assigned property portfolio.
• Complete monthly bank reconciliations and general ledger reconciliations.
• Analyze income statements, balance sheets, budget variances, and other financial reports.
• Record journal entries, accruals, prepaid expenses, and intercompany transactions.
• Ensure accuracy of rent rolls, subsidy payments, tenant receivables, and security deposits.
• Assist with month-end and year-end close processes.
• Maintain accounting records in compliance with HUD, LIHTC, Section 8, Rural Development, and other applicable program requirements.
• Prepare financial reports required by investors, lenders, housing authorities, regulatory agencies, and ownership groups.
• Support annual audits, agency reviews, and owner reporting requirements.
• Monitor escrow accounts, replacement reserves, restricted cash balances, and overall property cash flow.
• Review and process invoices, vendor payments, wire transfers, distributions, and cash requests for assigned properties.
• Coordinate with property managers regarding outstanding receivables, delinquency reporting, and compliance-related accounting questions.
• Assist with annual property budgets, periodic forecasts, and capital expenditure tracking.
• Maintain organized accounting records and documentation and provide timely responses to accounting inquiries.
• Perform all other duties as required.
  

Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field preferred.
• Two or more years of property accounting experience, preferably in multifamily or affordable housing.
• Knowledge of affordable housing programs such as LIHTC, HUD, Section 8, or Rural Development preferred.
• Experience with property management and accounting software such as Yardi, RealPage, AppFolio, MRI, or similar platforms.
• Proficiency in Microsoft Excel and accounting systems.
• Excellent organizational skills and attention to detail.
• Strong communication and problem-solving abilities.
• Ability to manage deadlines in a fast-paced environment.

Benefits include company paid telemedicine, medical insurance, company paid employee dental insurance, vision insurance, short-term disability, company paid long-term disability and life insurance.

A generous 401K program where the company matches employee contribution up to 5% of annual pay.  Eligibility begins after completing one year of employment.  Enrollment in January and June annually.   

9 Federal holidays, 1 Floating Federal/Religious holiday and 1 personal holiday. 

A robust Paid Time Off program that accrues with each pay period.  16 days annually years 1 – 4 (5 days available after initial 90 days of employment), 21 days annually years 5 – 9 and 26 days annually after reaching 10th year anniversary.

Volunteer Paid Time Off