Accounting Manager (Investments)

April Housing • Los Angeles, CA

7d • $145,000 - $160,000 • Onsite

About The Position

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner. April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations. In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents. Accounting Manager – Corporate Accounting Position Overview: The Accounting Manager will hold a key leadership role within the accounting department, responsible for overseeing multiple accounting functions, ensuring the accuracy and timeliness of financial reporting. This role will play a strategic role in developing policies and providing financial insights to senior management. It involves managing client investment portfolios and providing accounting oversight over 400+ low-income multi-family residential properties across various property management companies (PMCO), will report directly to the Accounting Director, and collaborate closely with the Controller and Chief Accounting Officer.

Requirements

• Strong leadership skills, strategic vision, ability to inspire and drive performance
• Excellent written and verbal communication skills to effectively present to senior management and other departments
• Advanced understanding of accounting processes and systems, proficiency and financial analysis and strategic planning.
• Proficiency with Excel, Yardi, FAS, and other real estate-related software experience preferred
• Strong organizational skills to set clear goals, adhere to deadlines, delegate tasks effectively
• Strong mentorship skills to guide and provide feedback to the team
• Analytical and problem-solving skills to assess financial standing and develop optimized financial strategies
• Financial and regulatory knowledge to ensure compliance with relevant regulations
• Strong mathematical abilities, decision-making, and analytical skills to produce relevant reports and analyses
• Ability to thrive in a fast-paced, deadline-oriented environment
• Ability to collaborate across functional areas and work with various teams
• Must consistently exercise strong discretion, judgment, and business acumen
• BA/BS in Accounting/Business/Finance
• 6-8 years of technical, investment accounting experience and/or process-oriented public accounting experience
• Strong knowledge of GAAP accounting, including consolidations and real estate accounting
• CPA license required

Nice To Haves

• Experience in the Low-Income Housing Tax Credit industry is a plus

Responsibilities

• Oversee and manage month-end accounting closes, including the preparation, maintenance and reconciliation of general ledger accounts and financial statements.
• Oversee and manage the accounting and reporting for fixed assets and debt.
• Oversee the accounting for complex capital transactions, including acquisitions, resyndications, dispositions, buyouts, refinances.
• Manage accounting for resyndication process, including initial transaction analysis, ongoing accounting, and reporting.
• Perform technical accounting research and prepare accounting memos for complex or non-routine transactions.
• Oversee the preparation of analytical data to support month-end closings, such as Flash reporting and monthly financial package.
• Manage and maintain key accounting systems (Yardi).
• Closely collaborate with PMCOs and other business units within the Company to drive process optimization, restructuring, and implementation of new business strategies.
• Develop and implement new accounting processes and other strategic initiatives to improve financial performance.
• Lead, manage, and train on-site (Los Angeles) and off-site (India) accounting teams.
• Coordinate audit activities with external auditors and ensure the accurate and timely preparation of standalone financial statements.
• Lead the Sarbanes-Oxley (SOX) compliance program, including risk assessment, control design, documentation, and testing.
• Provide special project assistance to the CFO, CAO, Controller, or Director.
• Produce ad hoc reports and analyses as necessary.

Benefits

• The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).

What This Job Offers

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