Real Estate Finance Supervisor

Volunteers of America - Greater New York, Inc.•New York, NY

21h•Hybrid

About The Position

Volunteers of America–Greater New York (VOA–Greater New York) is a leading anti-poverty organization serving neighbors in need across New York City, Northern New Jersey, and Westchester. Through 70+ programs, we support over 35,000 adults and children each year, including individuals experiencing homelessness, survivors of domestic violence, youth aging out of foster care, veterans, seniors, and children with developmental delays. Our staff are at the heart of this work, creating meaningful change every day. If you’re passionate about making a difference and joining a mission-driven team, we invite you to explore this opportunity. The Real Estate Finance Supervisor manages general ledger accounting functions and the timely production of accurate internal and external monthly/quarterly operating statements for the partnerships and related entities of VOA-GNY. This role supports the Controller in property performance analysis; prepares property budgets; annual external audits and funder compliance reporting. The supervisor is responsible for day-to-day management and supervision of two Senior Real Estate Accountants and supports the Controller in the preparation of interim financial statements (monthly and quarterly for Finance Committee) and GAAP Financial Statements and related footnote disclosures.

Requirements

Bachelor’s degree in accounting
5-years low-income real estate experience (development/ construction accounting is a plus) with at least 3 years of demonstrative supervisory experience, or satisfactory combination of education and experience.
Financial accounting expertise in accordance with U.S. GAAP standards.
Strong interpersonal skills and the ability to effectively communicate.
Strong working knowledge of Yardi, Excel, Word, & PowerPoint is required.
Experienced in writing internal policies and procedures.

Responsibilities

Manage residential accounting team and work closely with the Asset Manager/Operations Team.
Prepare/review monthly, quarterly and annual financial statements (including variance analysis reports) as well as distribution to appropriate personnel.
Manage annual audits, budget preparation and new lease abstracts.
Review and assist with preparation of month end close workpaper package inclusive of bank reconciliations, accruals, prepaid rents, fixed asset schedules including GAAP adjustments.
Analyze daily cash balance and submission of escrow/reserve reimbursement.
Review/approve monthly closing journal entries, invoices, PO and cash receipts postings.
Review leases, maintain schedule of leases as well as prepare year-end lease obligation.
Review and account for construction activity and capital improvements.
Review monthly funding draw submission to lenders, investors and governing agencies
Maintain compliance with partnership agreements, loan agreements for the related entities and Low-Income Housing Tax Credit (LIHTC) standards.
Under supervision of the Controller, prepare schedules required by VOA-GNY’s Related Entities’ debt covenants.