Senior Accountant

Overview

The Senior Accountant manages comprehensive accounting and financial reporting functions for assigned programs, funds, and general ledger accounts. This role ensures compliance with HUD regulations, GAAP, and organizational financial policies while providing accurate, timely financial information to support operational decision-making. This position has primary responsibility for real estate development transactions and property management accounting for Tax Credit Properties and non-HANH owned real estate ventures.

• Oversee general ledger accounting for multiple programs including Low Income Public Housing, HAP, Capital Fund, ROSS, development projects, and subsidiary organizations
• Prepare and analyze monthly, quarterly, and year-end financial statements with budget-to-actual variance analysis
• Monitor and ensure proper classification of all expenditures, including capital transactions
• Perform bank reconciliations, close general ledgers, and prepare/review journal entries
• Compliance & Audit Support
  • Implement accounting protocols ensuring compliance with GAAP, HUD requirements, and internal financial controls
  • Support HUD and independent audits by preparing documentation and reconciliations
  • Prepare and review federal and state tax returns and regulatory reports
  • Maintain expertise in housing, HAP, and real estate accounting regulations
  • Process financial transactions for Tax Credit Properties and non-HANH owned real estate developments
  • Apply knowledge of Low Income Housing Tax Credit (IRC Section 42) and related financial reporting requirements
  • Coordinate with Connecticut Housing Finance Agency and other regulatory bodies
• Budgeting & Cash Management
  • Collaborate with operating departments on preparation of operating, capital, and development budgets
  • Monitor cash flow and prepare LOCCS drawdowns for HUD grant programs (CGP, PHDEP)
  • Develop budget control recommendations and cost reduction strategies
  • Prepare cost allocations across multiple cost centers
• Process Management & Analysis
  • Process accounts payable and non-routine transactions
  • Analyze financial results and provide strategic recommendations to improve profitability and reduce costs
  • Prepare reports, charts, and analyses for leadership and stakeholders
  • Design and implement accounting-related system improvements in collaboration with IT
  • May train accounting staff
  • Collaborate with Finance Department colleagues, IT, and external stakeholders including investors, attorneys, and auditors
  • Support strategic planning and action plan initiatives

• Education
  • Bachelor's degree in Accounting, Finance, or related field required
  • CPA certification strongly preferred
• Experience
  • Minimum 6 years of progressive accounting experience
  • Public housing authority or governmental accounting experience highly preferred
  • Experience with real estate development and/or property management accounting required
  • Demonstrated experience with:
  • Financial statement preparation and analysis
  • Budget development and monitoring
  • Accounts payable, journal entries, and general ledger management
  • Complex allocation processes and cost center management
• Technical Knowledge
  • Strong understanding of GAAP and governmental accounting principles
  • Knowledge of HUD regulations and reporting requirements
  • Familiarity with Low Income Housing Tax Credit (IRC Section 42) and CHFA reporting requirements preferred
  • Proficiency in accounting software systems and Microsoft Office Suite (Excel, Word, PowerPoint)
  • Advanced Excel skills including financial modeling and data analysis
  • Exceptional analytical and problem-solving abilities
  • Strong attention to detail with superior numeric accuracy
  • Excellent written and verbal communication skills
  • Ability to manage multiple priorities and meet tight deadlines
  • Strong organizational skills and process-oriented mindset
  • Ability to work independently and collaboratively
  • High degree of integrity in handling confidential financial information

Office-based position requiring extended periods of computer use and data analysis. Occasional meetings at off-site properties may be required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Professional office environment with standard business hours; additional hours may be required during month-end close, audit periods, and year-end.