Senior Accounting Manager

Volunteers of America National Services (VOANS)•Alexandria, VA

10d•$104,000 - $117,000•Hybrid

About The Position

Volunteers of America National Services (VOANS) is seeking a Senior Accounting Manager to join our Housing team. This is a hybrid role. This is more than a job! It’s an opportunity to lead financial operations within a mission-driven healthcare organization. In this role, you will cumulate and prepare financial statements, analysis, supporting working papers on a monthly basis for housing line of business and housing single asset entities. Review and update accounting policies and procedures, and provide supervision and support to the accounting staff and external management/ accounting firms.

Requirements

Bachelor's degree in accounting, business or finance.
At least five (5) years’ experience in accounting field, affordable housing, LIHTC and HUD experience preferred with experience supervising.

Nice To Haves

affordable housing
LIHTC
HUD experience

Responsibilities

Lead and manage the monthly close process across multiple entities, ensuring accuracy and adherence to deadlines for Housing.
Manage the preparation and review of monthly and interim financial statements, analysis, and supporting working papers.
Partner with team to reconcile balance sheet accounts and various internal tracking.
Identify opportunities to streamline processes and implement improvements to enhance efficiency, accuracy, and control.
Assist in budgeting, forecasting, and special financial projects as assigned by leadership.
Supervise, direct and manage a team.
Coordinate with 3rd party accounting/finance personnel; provide guidance on accounting, finance and reporting matters in relation to our housing entities.
Accurate interpretation of financial information.
Timely responses to requests for assistance.
Provide departmental assistance with questions related to general ledger, AP, AR, budgets to actuals report, and other accounting/finance related matters.
Manage and direct accounting responsibilities related to the pre-development and development for Housing Facilities within the Real Estate Housing Development Department.
Oversee the entire construction draw submission process.
Oversee draw approval/disbursement from various funding sources.
Manage the Disbursement process upon draw funding.
Manage the set-up of new projects in accounting system.
Monitor financial needs for projects in development.
Support and provide guidance to Sponsor’s accounting department on housing development transactions.
Manage reconciliation process between projects’ general ledgers to Sponsor’s general ledger; work closely with VOANS Corporate.
Oversee all receivables, advances and loans due to Sponsor during development.
Manage the tracking of Trust accounts and spreadsheet analysis.
Manage the cost certification process and 8609s filings.
Timely responses to request from Housing Development and Finance teams, leadership team, affiliates, lenders, funding authorities, investors, etc.
Manage banking activities (i.e. establishing bank accounts, wire transfers, etc.).
Provide support to the Housing Development and Finance teams on internal and external reporting requirements.
Provide support to the Housing Development and Finance teams on real estate closings, equity draw downs, and perm conversions.
Manage disbursement/wire transfer process.
Manage weekly distribution of Cash report to Housing Development team on status of each reserved line of funding.
Manage the coordination with Sponsor’s accounting department on weekly cash transfers from each reserved line of funding, as directed and authorized.
Review and approve bank account reconciliation for housing entities’ bank accounts.
Manage the set up new bank accounts as directed.
Manage the surplus cash payouts.
Manage monthly calendar and organize timelines for monthly transactions and processes.
Manage the Real estate closing & post-closing processes.
Manage the annual budget preparation & analysis for a portfolio of housing entities.
Manage the quarterly financial review with Asset Management; review and analyze housing facilities’ quarterly financial statements, and provide technical accounting guidance to 3rd party accounting firms.
Manage the accounting for VOANS Holding Company, Seller Note entities and other various housing entities.
Manage the accounting for General Partner entities.
Oversee Accounts Receivables related to Housing.
Manage semi-annual audit and tax preparation (6/30 and 12/31) for a portfolio of VOA/VOANS Sponsored housing entities and related GP entities. This includes coordination with Asset Management team to resolve any audit and compliance issues.
Manage the annual audit and tax reporting for VOANS Holding Company and Mary Marshall Owner entity.
Manage the VOA nationally owned/sponsored consolidation entities listing.
Manage confirmation contact listing for multiple housing facilities.
Manage the reconciliation of accounts and analysis/schedules in preparation of annual audits.
Coordinate the preparation of Tax Credit Consolidation and Eliminations for annual consolidation audit.
Manage tax & compliance filing requirements for housing facilities and related entities.
Manage the tracking of mortgage/loan & escrow activity statements for a portfolio of housing entities Review Stabilization/Required Debt Service Coverage (DSC) ratio analysis.
Manage annual surplus cash payouts.
Meet with appropriate team members (Housing Development Directors, Director of Asset Management, Senior Asset Managers, Senior Financial Analyst, Director of Housing Management, Affiliates, and 3rd party agents/accounting firms) to discuss steps to ensure a smooth transition.
Manage the coordination of accounting setup with 3rd party agents/accounting firms.
Manage the coordination of payroll functions with Human Resources.
Manage the coordination of banking requirements (establishing bank accounts, transfer of balances, etc.).
Manage the coordination of set up of Insurance & Tax Escrow analysis.
Manage the preparation of various required documents on HUD 202/811 properties (SF 1199a direct deposit form, depository agreements, etc.).
Provide technical accounting support.
Other projects as assigned by leadership.