Senior Accountant, Lending

National Housing Trust•Washington, DC

66d•$90,000 - $110,000•Hybrid

About The Position

The Senior Accountant, Lending reports to the Assistant Controller, Corporate Accounting and Treasury and is responsible for supporting the Finance department in maintaining the day-to-day accounting operations for NHT Lending entities and subsidiaries which include, but not limited to, lending transaction processing, accurate and timely recording of financial transactions, month end close tasks and other tasks as assigned. The position will work closely with real estate-focused members of the Finance team to ensure accurate and appropriate accounting treatment of loans that directly support NHT’s real estate portfolio. While this position supports the Lending department, this position is a member of the Finance department. The position communicates with vendors, contractors, customers, NHT staff, and senior NHT officers. This position is DC-based and qualifies for a hybrid work schedule, working a minimum of two days per week (Tuesdays and Thursdays) at NHT’s corporate office.

Requirements

A Bachelor’s degree in Accounting or Finance is required.
A minimum 4-6 years of work experience in accounting, preferably in the community lending, multi-family real estate, and/or public accounting.
Experience with CDFIs and non-profit accounting and tax-related matters.
Grant accounting and management experience.
Resourcefulness, with the ability to deliver results in an entrepreneurial, dynamic environment.
Demonstrate the ability to understand and/or develop organizational and accounting related workflows and processes.
Demonstrated ability to collaborate across departments, particularly with the real estate and lending teams, to ensure cohesive financial reporting and compliance.
Demonstrate strong technical, critical thinking, problem solving, and investigative skills.
Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs.
Excellent interpersonal, organizational, and communications skills, verbal and written.
Excellent planning and organization skills with exceptional attention to detail.
Commitment to diversity, equity, and inclusion.
A collaborative approach and team orientation.
Commitment to NHT’s mission, including a deep dedication to assisting families struggling with housing insecurity and inequity.

Nice To Haves

Experience with AvidXchange, Sage Intacct, and FloQast, preferable but not required.

Responsibilities

Demonstrate understanding of all aspects of lending operations at NHT.
Review lending transaction disbursement requests and validate account coding distribution for accuracy via NHT Accounts Payable disbursement system (AvidXchange); ensure loan related transactions are properly supported in accordance with accounting standards and internal documentation standards.
Ensure that all transactions recorded in the loan servicing system are accurately recorded in the general ledger, including recording funding/payoff transactions, interest capitalizations, interest accrual, interest payments, changes to loan loss reserves, and charge offs.
Record and maintain support for daily lending receipts recorded to the general ledger; Allocate receipts to the correct loan project, principal, interest and fee accounts.
Record revenue recognition transactions for revenue related to private grants, CDFI Awards, and other Federal Awards.
Assist investors with queries related to convenant tracking and financial reporting requirements.
Work with Lending department staff to obtain reports from loan system to support various lending transactions as needed; create invoices and track expenses related loan closings; work with lending staff and loan system-related vendors on system implementation and troubleshooting issues.
Support project management in the accounting system for tracking transactions by projects; Create new projects for grant and loans; make grant and loan projects inactive following completion and loan closing/payoffs; advise lending staff how to code FTE hours to meet the budged for grants.
Monitor cash balances and coordinate with Lending department staff on various account transfers.
Track compliance for business licenses, charitable registrations, state annual reporting, and other compliance tasks as assigned.
Coordinate with Real Estate Development and Finance team members to ensure lending transactions are aligned with project-level accounting and reporting requirements.
Prepare bank reconciliations for lending entities and subsidiaries for review; investigate any uncleared/outstanding reconciling items.
Perform month-end close tasks for lending entities and subsidiaries; Complete monthly loan accounting close procedures and deliverables that includes journal entries, reconciliations, and preparing financial statement reports in accordance with US GAAP.
Use accounting task management tool, FloQast, for reconciliation preparation and completing month end close.
Create, maintain, or review supporting schedules and analyses for various general ledger accounts including but not limited to reconciliation schedules for loan receivables and loan payables by project.
Review general ledger activity and calculate monthly accruals and prepayments.
Collaborate with real estate finance staff to reconcile loan related transactions and ensure proper classification and reporting of real estate related lending activities.
Identify and research explanations for any reconciliation variances and work with Lending team staff to propose resolution to resolve timely.
Establish appropriate controls for loan accounting to monitor and resolve any reporting or transactional discrepancies timely.
Support financial reporting preparation including preparation of any ad hoc reporting.
Create standard and non-standard recurring and required month-end journal entries for review and approval, including investment activities, fixed assets, amortization, expensing prepaid items, recognizing deferred revenue and other accruals, and release of temporarily restricted net assets.
Assist in the preparation of form 990s for assigned entities.
Actively identify process improvement opportunities, assist in developing solutions for loan accounting processes, streamline existing processes to enhance efficiencies within the Finance team.
Assist in the development of policies and procedures regarding finance and accounting operations.
Participate in the development of organization wide training programs as it relates to finance and accounting policies and procedures.
Provide audit support to NHT and affiliate entities and support OMB Uniform Guidance lending entity audits; prepare and provide supporting documentation and schedules for financial and compliance audits and other financial reviews, as needed; participate in meetings with the external auditors for all parent-entity level audits.
Assist with general ledger (Sage Intacct) maintenance and accounting systems management and administration.
Assist in the preparation of the annual budget, as directed.
Maintain strict compliance with NHT record retention and management policies.
Other duties and responsibilities as assigned