Staff Accountant ll - Affordable Housing

CRM Rental Management Inc•Rome, NY

2d•Onsite

About The Position

CRM Rental Management, Inc. is seeking an experienced Staff Accountant II for its Corporate Office in Rome, NY. This role is crucial for supporting accurate financial reporting, ensuring regulatory compliance, and assisting with closing processes for affordable housing portfolios, including LIHTC, HUD, RD, and other subsidized housing programs. The position requires strong analytical skills, attention to detail, and the ability to work independently while collaborating with cross-functional teams. The ideal candidate will have experience in property management accounting and a solid understanding of affordable housing compliance.

Requirements

Bachelor's degree in accounting, Finance, or a related field.
3-5 years of accounting experience, preferred.
Working knowledge of LIHTC and/or HUD programs.
Strong understanding of GAAP and property-level accounting.
Experience with property management accounting software (e.g., RealPage, Yardi, MRI, or similar systems).
Strong Microsoft Excel skills, including pivot tables, formulas, and account reconciliations.
Excellent organizational, analytical, and problem-solving skills.
Ability to manage multiple deadlines across a diverse property portfolio.
Must be able to pass a 5-year background check.
Must pass pre-employment drug testing.

Nice To Haves

Experience with cost certifications and compliance audits.
CPA or CPA candidate preferred.
Experience with partnership accounting and fund accounting.
Familiarity with state housing agency reporting requirements.

Responsibilities

Prepare and post journal entries, including accruals and recurring entries, for affordable housing properties.
Assist with month-end and year-end close processes for multiple properties and legal entities.
Reconcile general ledger accounts, including bank accounts, reserves, security deposits, restricted cash, and other balance sheet accounts.
Prepare and review monthly property financial statements and perform variance analyses.
Support LIHTC, HUD, RD, and other regulatory reporting and compliance requirements.
Assist with annual audits, cost certifications, and compliance reviews.
Track, reconcile, and monitor replacement reserves and restricted cash accounts.
Collaborate with property management teams on financial and operational matters.
Ensure compliance with GAAP, internal controls, and affordable housing program requirements.
Identify and recommend improvements to accounting processes, controls, and reporting efficiencies.
Provide guidance and support to junior accounting staff as needed.