Project Accountant

Lutheran Social Services of WI & Upper MI•Eau Claire, WI

2d•Hybrid

About The Position

Under the direction of the Manager of Project Accounting, the Project Accountant role will support a specialized area of accounting focused on the financial management of rental properties, including recording income, expenses, rent collection, preparing financial reports, participating in project audits and other tasks and duties as assigned. The position works in concert with General Accounting and Financial Services team members.

Requirements

Bachelor’s degree in accounting.
Some technical skills in financial data record keeping, financial reporting, and the use of business software tools.
High level of customer satisfaction and co-worker respect must be demonstrated.
Must be ethical, dependable, a quick learner, flexible and able to manage multiple tasks at a time given a faster paced environment.
Attention to detail is a must.
Must have a valid driver’s license and have reliable transportation to perform the essential duties of the role.
Ability to communicate both in verbal and written format, effectively and efficiently in job.
Must be able to read and understand English and US Dollar currency.
Must be able to read, analyze, and interpret common technical journals, financial reports, and legal documents.
Must have the ability to effectively present information to customers, vendors and other employees of the organization.
Knowledge and proficiency in the use of software and financial applications, databases, spreadsheets, and word processing.

Nice To Haves

An internship of up to two years or other related financial experience preferred.

Responsibilities

Apply Generally Accepted Accounting Principles (GAAP) to record financial information with proper support, including rental income for HUD and/or LIHTC properties, and expenses related to property maintenance, utilities, repairs, taxes, and other operational costs.
Record monthly accruals and prepaid expenses as needed for each project.
Prepare and record monthly intercompany billing for project payroll expense and other reimbursements and fees.
Accurately record accounts receivable allowances for doubtful accounts for tenant past due balances and maintain proper record of approvals and tracking.
Initiate banking transactions including but not limited to transfers between restricted and unrestricted cash accounts.
Generate financial reports, such as income statements, balance sheets, and cash flow statements, to provide property owners and stakeholders with a clear picture of the property's financial performance.
Prepare income statement fluctuation analysis on a monthly basis for each project.
Support HUD and LIHTC audits for assigned properties.
Complete real estate assessment center (REAC) annual reporting for HUD projects if applicable.
Work in a collaborative team environment, working towards common strategic goals.
Learn and practice high ethical standards in financial accounting and reporting.
Obtain and maintain an adequate understanding of the accounting software, financial reporting and general ledger structure including the chart of accounts and intercompany accounting.
Create and maintain audit trail of all activities involving the general ledger.
Collaborate with operations team/property managers to help resolve issues in tenant subledgers.
Assist with managing the balance sheet and oversight of cash.
Complete assigned balance sheet account reconciliations timely and accurately while escalating issues to your manager for proper resolution.
Recognize and communicate improper/unusual transactions to Director or Manager of Project Accounting.
Assist in completion of 990 (Return of Organization Exempt from Income Tax) tax forms accurately and timely, if applicable.
Document or update existing documentation for changes in accounting processes or procedures.
Define problems, collect data, establish facts, and propose logical solutions.
Assist team members with other tasks and project work as needed.