Accountant, HUD Grants

Sheppard Pratt • Gaithersburg, MD

17h • $58,402 - $90,195

About The Position

This position involves managing and preparing financial documentation related to HUD grants. The accountant will be responsible for submitting annual renewals and operating budgets to HUD, reconciling accounts, monitoring cash flow, maintaining fixed asset records, and liaising with various teams and external auditors. A key aspect of the role is ensuring compliance with HUD accounting regulations through continuous learning and staying updated on relevant rules.

Requirements

• Work requires a Bachelor’s degree in Accounting, Finance or related field and three years of relevant work experience in the accounting field.
• Ability to communicate in a clear and effective manner orally and in writing.
• Knowledge of generally accepted accounting principles.
• Knowledge of and ability to use personal computers in a Windows environment including Microsoft Office Suite, Accounting Software, and other software programs as necessary.
• Demonstrated advanced skill with excel.
• Ability to learn, understand and apply HUD accounting rules and regulations.
• Knowledge of and skill in performing accounting procedures and practices required in an effectively operated office.
• Ability to develop and maintain administrative systems.
• Ability to maintain confidentiality.
• Skill in time management and organization of job activities.

Nice To Haves

• Knowledge of HUD accounting rules & regulations experience is preferred.

Responsibilities

• Prepare and submit annual PRAC renewals to HUD for all HUD organizations in accordance with HUD’s deadlines; monitor progress and liaise with HUD Account Executives as necessary to address additional requirements, if any.
• Develop, prepare and submit annual operating budgets to HUD for review and approval.
• Perform reconciliation of rents and subsidies.
• Monitor bank accounts and prepare cash flow projections on a weekly basis to ensure adequate funding is available for disbursements and program expenditures.
• Maintain fixed asset records and depreciation schedules for all HUD entities.
• Liaison with Accounts Payable regarding the relevant accounts payable functions for all HUD organizations.
• Prepare and reconcile intercompany transactions and record related journal entries.
• Provide accounting information, feedback, and financial reports to the HUD Housing Team, and others as requested.
• Prepare and maintain required accounting tracking reports; subsidies, rents, reserve for replacement, residual receipts, surplus cash, amortization, receivables, payables and fixed assets.
• Assist with annual financial audits, including HUD audits, Uniform Guidance (Single Audit) requirements, and other sponsor or regulatory audits.
• Renew SAM Registration for all HUD organizations on an annual basis, ensure all are current and updated.
• Ensure compliance with HUD accounting regulations by continuing education, training and research.
• Perform other duties as assigned.

Benefits

• A commitment to professional development, including a comprehensive tuition reimbursement program to support ongoing education and licensure and/or certification preparation.
• Comprehensive medical, dental and vision benefits for benefit eligible positions.
• 403b retirement match.
• Generous paid-time-off for benefit eligible positions.
• Complimentary Employee Assistance Program (EAP).
• Generous mileage reimbursement program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level