Chief Accounting Officer

$250,000 - $300,000 yearly
  • The Paulsen Group
  • Charlotte, NC, USA
  • Sep 11, 2023
Full time LIHTC Developer Real Estate

Job Description

Industry leading affordable housing development, investment, and property management business headquartered in Charlotte, NC is seeking a Chief Accounting Officer. The company owns and operates 250+ affordable housing partnerships that consist of nearly 15,000 affordable housing units and continues to grow. The company operates in 8 southeastern states and employs approximately 500 people. The company develops new LIHTC properties as well as acquires existing properties.

Job Description:

We are seeking a Chief Accounting Officer to oversee the financial management and reporting functions of the organization. This position is responsible for maintaining accurate financial records of our three operating divisions and consolidating this information into a single comprehensive package for executive management. The property management accounting division, led by a property management controller, reports to the Chief Accounting Officer. Our development accountant reports directly to the Chief Accounting Officer. As the company’s investment portfolio grows, we will hire a fund accountant who will also report to the Chief Accounting Officer.

Key Responsibilities:

1.       Financial Reporting

·         Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements for our three divisions

·         Consolidate the financial statements of our three divisions into one comprehensive package for executive managements review monthly

·         Manage the corporate audit process and oversee the audit process of individual partnerships for the property management division

·         Manage our development accountant’s work on LIHTC final cost certifications   

2.       Budgeting and Forecasting:

·         Develop and manage the annual budgeting process for our three divisions and consolidate that information into one comprehensive package for executive managements review

·         Provide long-term financial forecasts that can be utilized by our outside valuation firms to produce our annual 409A valuation

3.       Cash Management

·         Manage divisional and corporate cash flow to ensure liquidity for operations and capital budgeting

·         Advise executive management on declaring dividends

·         Ensure cash balances are receiving highest possible interest earnings

·         Evaluate and implement advanced technology solutions for treasury function

4.       Process Improvement

·         Continuously review and enhance financial processes and controls to improve efficiency

·         Create and implement A/P system utilizing purchasing cards

5.       Team Leadership

·         Supervise and mentor the finance and accounting teams from property management, development, and asset management

·         Foster a collaborative results-driven work environment that helps retain staff.

6.       Strategic Planning

.       Work with executive management to support growth initiatives

.       Develop and support internal operational strategies

7.       Risk Management

.       Develop and manage internal processes and controls related to financial management

.       Implement accounting policies across all business platforms

Qualifications:

  • Bachelor’s degree in Accounting, Finance, or a related field required, advanced degree preferred.

  • CPA with public accounting experience preferred.

  • Proven experience in a similar financial leadership role.

  • 5+ years of experience in affordable housing development, financing and compliance is preferred.

  • 10+ years of proven supervisory experience with similar size organizations.

  • Strong understanding of tax and financial reporting standards.

  • Proficiency in Yardi.

  • Excellent analytical and problem-solving skills.

  • Strong leadership and team management abilities.

  • Effective communication and presentation skills.

 

Excellent benefits and compensation package in addition to salary indicated below.