Property Accountant (Foster City Office)

About MidPen

Since 1970, MidPen has been committed to providing safe, affordable housing of high quality to those in need; establishing stability and opportunity in the lives of residents; and fostering diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect. We develop affordable housing, provide professional property management for all our communities, and coordinate robust onsite support programs that help residents thrive. We are active in 12 Northern California counties and have earned recognition as one of the nation's leading non-profit developers and stewards of affordable housing. Our current portfolio of more than 142 properties is home to 22,800 working families, seniors, and people with special needs.

Responsibilities

• Analyzes and interprets financial information, compiles and reports data for assigned portfolio of properties
• Prepares complex account reconciliation and journal entries
• Performs on-going analytical review in support of the monthly close process
• Prepares monthly analysis of account variances
• Ensures all inter-entity transactions are in balance
• Analyzes variances prior to financial reporting close
• Reads and understands compliance and partnership documents, including regulatory and loan agreements, as well as the accounting treatment associated with each document
• Proactively researches and documents conclusions on accounting issues with appropriate understanding of relevant GAAP pronouncements
• Participates in meetings to communicate and share accounting and analysis information
• Prepares annual audit schedules and works with external auditors to complete audited financial statements and tax returns and ensures all are filed within timeline of partnership and other agreements
• Reviews and understands audits and footnotes prepared by external auditors
• Monitors adherence to audit requirements and ensures full compliance in accordance with regulatory agencies
• Confirms surplus distributions are correctly calculated and appropriately distributed
• Presents financial information and appropriately answers accounting questions to management and boards of directors, as requested
• Provides ad-hoc reporting, as requested
• Reviews work prepared by the outsourced accounting team
• Performs other duties as assigned

Qualifications

• Bachelor's degree in Accounting or Finance and three years of experience in accounting and financial analysis, or an equivalent combination of education and relevant experience
• Experience using Property Accounting ERP software and working knowledge of leasing and rents – Real Page and OneSite software experience preferred
• Strong GAAP knowledge required
• Experience in accounting for partnerships and related party transactions preferred
• Proficient using Microsoft Office including Excel, Word, One Drive, and Outlook
• Strong ability to work independently and understand and explain financial concepts
• Detail oriented – must be able to produce work product with a high level of accuracy
• Highly organized – ability to multi-task, track progress, and balance priorities
• Excellent written and verbal communication skills
• Must be able to communicate with diverse parties within the Accounting team, Property Management, and Asset Management teams, and work collaboratively with those parties
• Possess the ability to analyze complex accounting transactions, understand complex accounting treatment of a variety of transactions, and resolve discrepancies in the financial data as part of the period closing process
• Commitment to the Mission and Values of MidPen Services and MidPen Housing

Physical Requirements

• Constantly perform desk-based computer tasks
• Frequently sitting
• Occasionally stand/walk, reach/work above shoulders, grasp lightly/fine manipulation, grasp forcefully, use a telephone, sort/file paperwork or parts, lift/carry/push/pull objects that weigh up to 15 pounds
• Rarely twist/bend/stoop/squat, kneel/crawl

Pay

$80,000 – $90,000 Annual Salary – Pay based on applicable experience and qualifications

Benefits

• Health Insurance
• Dental, Vision, Life & Disability Insurance
• 403(b) Retirement Investment
• Employee Education Reimbursement Program
• Paid Parental Leave
• FSA for Childcare, Medical, and Commuter Benefits
• EAP Program
• Pet Insurance
• Paid Time Off
• Company Holidays
• Wellness Days