Staff Accountant

Position: Staff Accountant, Hourly
April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.

April Housing's long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.

In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.

Staff Accountant

Position

Description:



This position is a key member of the accounting team reporting to the Corporate Accounting Manager or Supervisor and working closely with the Director to contribute to a timely and accurate month-end close. The Staff Accountant will perform advanced and specialized assignments related to accounting for limited partnerships invested in Section 42 Low Income Housing properties and will perform key internal controls over financial reporting, ensuring quality and GAAP compliance for BREIT.

This position requires strong knowledge of accounting principles, excellent communication and collaboration skills, effective analytical skills, the ability to make informed decisions in complex situations and provide valuable insights for process improvements.

Job Responsibilities:

• Perform daily accounting operations including journal entries, account reconciliations, SOX internal control procedures and financial reporting.
• Process monthly financial packages from third-party providers to ensure completeness and accuracy of reported information.
• Prepare journal entries and other analytical data to support month end closes.
• Reconcile general ledger account balances to the sub-ledger or supporting schedules.
• Produce monthly variance analysis reports for management in compliance with various SOX controls.
• Prepare resyndication loan draw reviews and funding journal entries to ensure all activities are properly coded to the correct projects and GL accounts.
• Actively assist in implementing new accounting processes and streamlining existing processes to increase efficiency and effectiveness.
• Work closely with other teams in the organization and external third-party providers to ensure that all transactions are recorded properly and timely.
• Gather documentation and prepare responses to requests from internal and external auditors.
• Troubleshoot escalated issues and ensure that they are handled timely and effectively.
• Document and update operating standard procedures for key accounting processes.
• Provide special project assistance to the CFO, CAO, Controller, or Accounting and Tax.
• Produce ad hoc reports and analyses as necessary.

Qualification:

• BA/BS in Accounting/Business/Finance.
• 2+ years of relevant accounting experience.
• Strong knowledge of GAAP accounting, including consolidations and real estate accounting.
• Public accounting experience is a plus.
• Low-Income Housing Tax Credit industry experience is a plus.
• Proficiency with Excel, Yardi or other Real Estate related software experience preferred.
• Excellent written and verbal communication skills.
• Team player.
• Excellent organizational and analytical skills.
• Ability to thrive in a fast-paced, deadline-oriented environment.
• Effective communication, attention to detail, time management, willingness to learn and take on new tasks.

Qualified applicants with arrest or conviction records will be considered for employment in…