Senior Accountant; Affordable Housing

Founded in July 2013, Tru America Multifamily is a partnership between industry veteran Robert

E. Hart and The Guardian Life Insurance Company of America. The company is based on the premise that tremendous upside potential remains in mid-tier apartment communities that can be unlocked through tailored renovation, repositioning strategies, and focused management. Tru America Multifamily is a privately held, fully integrated, real estate investment firm that invests in apartment communities located in primary and secondary markets throughout the country.

We continue to grow by selectively acquiring, redeveloping and effectively managing multifamily properties. Tru America has grown to become a Top 25 apartment owner in the United States, according to the National Multifamily Housing Council (NMHC) and is the youngest manager in the NMHC Top 50. Today Tru America has over 60,000 units in 25 high growth markets and approximately $16 billion of assets under management.

Objective

The Senior Accountant (Affordable Housing) plays a critical role in the financial management and oversight of our affordable housing portfolio. This role involves coordinating closely with joint venture (JV) partners, asset managers, and lenders to ensure timely and accurate financial reporting, capital management, and compliance. The ideal candidate thrives in a fast-paced environment, demonstrates strong attention to detail, and possesses a deep understanding of affordable housing operations.

Tasks and Responsibilities

• Download and reconcile bank statements for Rehab and other accounts.
• Conduct monthly financial reviews and prepare schedules requested by JV partners (e.g., ETL mapping, member equity schedules).
• Attend monthly JV calls or respond to financial questionnaires.
• Create and maintain Preferred Interest Schedules and Cash Flow Calculations.
• Update AMF and CMF schedules including accounting fees.

Distributions & Capital Management:

• Process monthly/quarterly distributions, including wire transfers and approvals.
• Coordinate with AMs on preliminary financials and distribution approvals.
• Manage capital calls and lender draw processes (Capex, Replacement Reserve, Repair, Green Improvements).
• Update and reimburse Capex schedules.
• Upload monthly/quarterly reports to lenders.
• Download and coordinate payment of RE tax and PPT bills, including personal property tax filings.
• Handle quarterly franchise and sales/use tax filings, including certified mail requirements.

Budgeting & Projections:

• Assist with below-the-line budgeting items.
• Support JV partners with annual cash flow projections.

Operational Support:

• Support acquisitions and dispositions (JE, Capex mapping, lender draw setup, waterfall/proration reviews).
• Assist with switching property management companies (COA mapping).
• Write financials for housing authorities and respond to tax and audit requests.
• Manage vendor invoice processing, duplicate payment investigations, and insurance claims

Acquisitions & Dispositions:

• Set up new bank accounts and preference sheets.
• Handle proration, true-up, and amortization billing.
• Conduct post-closing distributions and entity dissolutions.

Cross-functional & Administrative Support:

• Attend review calls (AM, CM, WHF, Budget).
• Coordinate preparation and delivery of entity tax returns.
• Manage physical mailing needs (e.g., certified mail for tax docs, confirmation letters).
• Onboard AMs to financial procedures and systems.

Key

Qualifications:

• 5+ years of accounting experience, preferably in real estate or affordable housing.
• Strong financial reporting and reconciliation skills.
• Proficient in managing distributions, capital calls, and lender reporting.
• Experience with Real Page, Capex GL mapping, and JV reporting is preferred.
• Strong communication skills and ability to work cross-functionally with internal and external stakeholders.
• Highly organized and detail-oriented with strong analytical abilities.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Ability to sit for up to 10 hours per day.
• Ability to move freely around the office for up to 10 hours per day.
• Ability to communicate verbally and in writing.

Compensation Range:

The salary range for the role is $100 - $120K. Position is eligible for a discretionary bonus.

Equal Opportunity Employer

- Tru America Multifamily is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.