Property Accountant (Foster City Office)

At MidPen, we build communities that change lives. Since 1970, we have been committed to our mission: to provide safe, affordable housing of high quality to those in need; establish stability and opportunity in the lives of residents; and foster diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect.

We develop affordable housing, provide professional property management for all our communities, and coordinate robust onsite support programs that help residents thrive. We are active in 12 Northern California counties and have earned recognition as one of the nation’s leading non-profit developers and stewards of affordable housing. Our current portfolio of more than 142 properties is home to 22,800 working families, seniors, and people with special needs. We take pride in delivering affordable housing solutions, and we invite you to join us on a journey toward social, economic, and racial equity.

The Property Accountant reports to the Accounting Manager is responsible for the financial closing and reporting of a multiple partnership portfolio, including the analytical review and reconciliation of all entities in the portfolio in compliance with US GAAP and the MidPen Policy and Procedures for Financial Reporting. Excellent written and verbal communication skills are required, as the Property Accountant will work with a variety of team members in Property Management, Asset Management, and Resident Services as well as the management team at MidPen. This position is also responsible for communicating financial results to all levels in the organization. 

• →Analyzes and interprets financial information, compiles and reports data for assigned portfolio of properties 
• →Prepares complex account reconciliation and journal entries. Performs on-going analytical review in support of the monthly close process. Prepares monthly analysis of account variances 
• →Ensures all inter-entity transactions are in balance. Analyzes variances prior to financial reporting close 
• →Reads and understands compliance and partnership documents, including regulatory and loan agreements, as well as the accounting treatment associated with each document 
• →Proactively researches and documents conclusions on accounting issues with appropriate understanding of relevant GAAP pronouncements 
• →Participates in meetings to communicate and share accounting and analysis information 
• →Prepares annual audit schedules and works with external auditors to complete audited financial statements and tax returns and ensures all are filed within timeline of partnership and other agreements 
• →Reviews and understands audits and footnotes prepared by external auditors. Monitors adherence to audit requirements and ensures full compliance in accordance with regulatory agencies 
• →Confirms surplus distributions are correctly calculated and appropriately distributed 
• →Presents financial information and appropriately answers accounting questions to management and boards of directors, as requested 
• →Provides ad-hoc reporting, as requested 
• →Reviews work prepared by the outsourced accounting team 
• →Performs other duties as assigned 

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the education, knowledge, skill, and/or ability required.

$80,000 - $90,000 Annual Salary - Pay based on applicable experience and qualifications

MidPen Housing Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

We are committed to providing an inclusive and accessible hiring process. If you need a reasonable accommodation for any part of the application or interview process, please notify your recruiter. Consistent with its obligations under the law, MidPen Housing Corp. will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.