To Apply for this Job Click Here

Beacon Hill Financial is currently partnering with a growing affordable multifamily real estate investment firm located in San Fernando, CA that is seeking a Senior Accountant to support the financial operations of its affordable housing portfolio. The company focuses on acquiring, repositioning, and managing workforce and affordable housing communities across high‑growth markets.

Position Summary

The Senior Accountant is responsible for overseeing financial reporting, capital activity, and compliance requirements for a portfolio of affordable multifamily assets. This position partners closely with joint‑venture stakeholders, asset management teams, lenders, and property management groups to ensure accurate and timely financial deliverables. The role demands strong analytical skills, organization, and an understanding of affordable housing financial structures.

Key Responsibilities

• Download, review, and reconcile bank activity for capital, rehabilitation, and operating accounts.
• Monitor cash balances and ensure accurate coding of transactions.

• Complete monthly reporting packages and provide schedules required by capital partners (e.g., equity schedules, financial mapping templates).
• Participate in monthly review calls or respond to partner‑requested analyses.
• Maintain cash flow models, preferred return calculations, and internal financial schedules.
• Prepare quarterly portfolio summaries and reporting analyses.

• Coordinate monthly or quarterly investor distributions, including preparation of wires and approval routing.
• Work with asset managers on preliminary results and distribution recommendations.
• Oversee capital call processes and lender draws related to renovations, reserves, and repair programs.
• Maintain capital expenditure tracking and reimbursement logs.

• Submit recurring financial reporting packages to lenders.
• Manage real estate tax monitoring, including downloading bills, tracking deadlines, and arranging payments.
• Handle sales/use tax and franchise tax filings and prepare any required certified mail submissions.

• Assist with corporate and property‑level budgeting items that fall below the operating line.
• Support joint‑venture partners with annual and mid‑year cash flow projections.

• Assist with tasks related to acquisitions and dispositions, including journal entries, capital mapping, and draw integration.
• Support onboarding transitions when a property management change occurs, including chart‑of‑accounts alignment.
• Prepare requested financial data for housing authorities, auditors, and tax teams.
• Research invoice discrepancies, resolve duplicate payments, and help manage insurance claims.

• Establish new bank accounts, entity information, and financial templates for incoming assets.
• Complete proration schedules, true‑ups, amortization billings, and post‑closing distributions.
• Assist with entity dissolutions as assets exit the portfolio.

• Participate in recurring calls with asset management, construction, and budgeting teams.
• Coordinate preparation and delivery of entity‑level tax returns.
• Handle physical mailings for financial or tax documentation.
• Train new team members or asset managers on financial procedures and system workflows.

Qualifications

• 3+ years of accounting experience in affordable housing required.
• Strong understanding of financial statements, reconciliations, and monthly close processes.
• Experience with investor reporting, capital management, and lender compliance.
• Familiarity with real estate software platforms (e.g., RealPage, Yardi, or similar) strongly preferred.
• Excellent communication skills and the ability to collaborate with multiple internal and external partners.
• Detail‑oriented with strong analytical and organizational capabilities.

Compensation

• Salary Range: $100,000 - $120,000 annually
• Bonus: Eligible for discretionary bonus
  (Actual compensation depends on experience and qualifications.)

To Apply for this Job Click Here