Director of Accounting- Buffalo, NY

KMG Prestige•Buffalo, NY

3d•Hybrid

About The Position

We are seeking a Director of Accounting in Buffalo, NY who is detail-oriented, enjoys new challenges, and is self-motivated. The Director of Accounting leads the operations and development of the financial services teams, and is responsible for the accounting functions, financial statement review and reporting and financial analysis for a portfolio of assigned real estate properties. This includes developing systems and procedures, oversight of the accounting team and financial reporting functions, and owner/agency financial services and support. The Director of Accounting also supports the onsite property team and leadership team with training and education in financial related areas.

Requirements

Bachelor Degree in accounting or higher with at least 5 years of management experience.

Nice To Haves

RealPage Accounting Experience (preferred but not required)
New York State housing reporting experience is a plus!

Responsibilities

Reviews and analyzes MOR’s monthly.
Assists the CFO in the review of compliance and property adherence to regulations of federal and state housing agencies.
Assists the CFO in various financial projects and analyses.
Assists in the annual budget process, including updating and maintaining budget database for financial related line items.
Assists in annual independent audits, including organizing audit work paper packages and reviewing audited statements and adjustments. Between audit firm and general partner.
Oversees submissions of all financially related monthly, quarterly and annual agency and syndicator reporting requirements.
Calculates and processes annual owner distributions as directed by General Partners.
Facilitates the transition of new properties and departing properties, including coordination as needed with owner/prior agent.
Assists in preparation and support of construction accounting and pre-closing audits, as applicable.
Develop systems and procedures specific to needs of back-of-house clients.
Opens and closes bank accounts.
Sets up banking information in appropriate programs.
Approves ACH transfers and manual account transfers as required.
Reviews cash account balances in conjunction with insurance limits.
Coordinates payment of delinquent property taxes.
Coordinates payment of property insurance bills.
Coordinates information for annual external tax assessment review.
Coordinates annual processing of 1099’s and 1096’s.
Processes monthly period closings.
Updates monthly financial statement designs.
Coordinates annual period closings and data transfer.
Imports annual budgets.
Conducts annual budget training classes, as needed.
Coordinates and facilitates training of new team members.
Coordinates monthly team meetings, including training and leadership topics to promote team development and a positive work environment.
Leads development and execution of departmental WIG’s (Wildly Important Goals)
Conducts monthly one-on-one meetings with each team member to assist in training, development and personal growth.
Conduct additional training classes as needed.
Communicates with owners/agencies/syndicators to provide support and financial assistance, as needed.
Assist property accountants with preparation of reporting and financial and/or AR software questions as needed.
Confirms submission of all items required as per MSHDA’s premium management fee policy, if applicable for portfolio.
Oversees any state agency regulation policies and submissions.
Coordinates responses for the yearly Rural Development review letters.
Oversee property insurance claims procedures within financial services.

Benefits

Medical
Dental
Vision
401k (with employer match)
Paid Time Off
Potential to split work hours between office and home upon completion of training
Life & Disability Insurance
Tuition Reimbursement
Pet Insurance
Employee Assistance Program