Staff Accountant II – Property Operations

Norfolk Redevelopment And Housing Authority•Norfolk, VA

2d•$65,430 - $82,500•Onsite

About The Position

The Property Operations Staff Accountant is responsible for performing a full range of accounting duties requiring independent judgement, technical accuracy, and analytical skill. This includes financial management, reporting, and accounting of Norfolk Redevelopment and Housing Authority’s (NRHA) real estate portfolio, comprised of public housing, affordable housing, mixed-income developments, commercial properties, and other real estate assets. This position plays a key role in maintaining the financial integrity of NRHA by ensuring compliance with Generally Accepted Accounting Principles (GAAP), HUD regulations, and internal control policies. This position works closely with Property Management, Portfolio Analyst, Development, Budget and Finance staff to ensure accurate financial reporting, regulatory compliance, and sound financial operations that support the long-term sustainability of NRHA’s real estate portfolio.

Requirements

Bachelor's degree in Accounting, Finance, or a closely related field.
Three to five years of progressively responsible accounting experience.
Experience with multifamily property operations accounting preferred.
Experience with affordable housing, governmental accounting, or nonprofit accounting is highly desirable.
Equivalent combinations of education and experience may be considered.
Must possess a valid driver’s license.
Subject to a background check and reference verification prior to hire.
Must maintain confidentiality and adhere to NRHA’s code of conduct and ethics policies.
Intermediate to advanced understanding of Generally Accepted Accounting Principles (GAAP), fund accounting, and financial reporting requirements.
Knowledge of HUD financial management and reporting procedures, including Public Housing, Housing Choice Voucher (HCV), and other federal grant programs.
Knowledge of concepts, principles and practices of LIHTC.
Understanding of cost allocation methodologies, restricted funds, and multi-fund accounting.
Familiarity with federal and state regulatory compliance in a public-sector or nonprofit finance environment.
Knowledge of internal control frameworks and audit procedures.
Proficiency in accounting software systems (Yardi, Emphasys, or comparable ERP systems).
Advanced Microsoft Excel skills, including data analysis tools, formulas, and pivot tables.
Strong analytical and quantitative problem-solving skills with the ability to identify and resolve discrepancies.
Excellent written and verbal communication skills to prepare clear financial reports and explain complex financial data.
Strong organizational skills with the ability to manage multiple priorities and meet deadlines.
Ability to apply accounting principles to complex financial transactions with minimal supervision.
Ability to interpret and apply HUD and other funding agency financial guidelines.
Ability to work effectively in a collaborative team environment and provide training to others.
Ability to maintain confidentiality, integrity, and professionalism in all financial matters.
Ability to adapt to evolving technologies, financial systems, and regulatory requirements.
Ability to work independently and exercise sound judgment when handling sensitive financial information.

Nice To Haves

Experience with LIHTC properties.
Experience with HUD programs and public housing finance.
Experience with ERP accounting software such as Yardi, RealPage, Elite, or comparable financial systems.

Responsibilities

Maintain the general ledger for assigned properties and real estate entities; prepare monthly property financial statements, including balance sheets, income statements, and cash flow reports; reconcile all balance sheet accounts, bank accounts, and intercompany accounts; record monthly journal entries and accruals; monitor property operating expenses and revenues for accuracy; review property financial performance against approved budgets; assist with cash management and reserve account monitoring; ensure proper accounting treatment for capital expenditures versus operating expenses.
Assist in preparing annual operating budgets for all assigned properties; prepare monthly budget variance analyses and explain significant variances; develop financial forecasts throughout the fiscal year; monitor operating reserves and replacement reserves; assist Asset Management with long-term financial planning.
Ensure compliance with HUD, Low-Income Housing Tax Credit (LIHTC), RAD, and other federal, state, and local financial reporting requirements; prepare financial information for HUD reporting; maintain accounting records in accordance with Generally Accepted Accounting Principles (GAAP); assist with annual audits and regulatory reviews; prepare schedules supporting annual financial audits.
Ensure compliance with Authority financial policies and procedures: maintain proper segregation of duties; recommend improvements to accounting processes; assist in developing standard operating procedures.
Prepare monthly financial statements; budget variance reports; cash flow reports; reserve account activity; bank reconciliation report; and maintain confidentiality of sensitive financial, personnel, and organizational information.
Perform other related financial and administrative duties as required to support departmental and agency objectives.