Senior Accounting Manager

About the role

Volunteers of America National Services (VOANS) is seeking a Senior Accounting Manager to join our Housing team. This is a hybrid role.

Responsibilities

• Lead and manage the monthly close process across multiple entities, ensuring accuracy and adherence to deadlines for Housing.
• Partner with team to reconcile balance sheet accounts and various internal tracking.
• Identify opportunities to streamline processes and implement improvements to enhance efficiency, accuracy, and control.
• Aid in budgeting, forecasting, and special financial projects as assigned by leadership.
• Supervise, direct, and manage a team.
• Collaborate with 3rd party accounting/finance personnel; provide guidance on accounting, finance, and reporting matters in relation to our housing entities.
• Accurately interpret financial information.
• Timely responses to requests for assistance.
• Provide departmental assistance with questions related to general ledger, AP, AR, budgets to actuals report, and other accounting/finance related matters.
• Manage and direct accounting responsibilities related to the pre-development and development for Housing Facilities within the Real Estate Housing Development Department:
• Oversee the entire construction draw submission process.
• Oversee draw approval/disbursement from various funding sources.
• Manage the Disbursement process upon draw funding.
• Manage the set-up of new projects in accounting system.
• Maintain financial needs for projects in development.
• Support and provide guidance to Sponsor’s accounting department on housing development transactions.
• Manage reconciliation process between projects’ general ledgers to Sponsor’s general ledger; work closely with VOANS Corporate.
• Monitor financial needs for projects in development.
• Support and provide guidance to Sponsor’s accounting department on housing development transactions.
• Manage reconciliation process between projects’ general ledgers to Sponsor’s general ledger; work closely with VOANS Corporate.
• Manage the tracking of Trust accounts and spreadsheet analysis.
• Manage the cost certification process and 8609s filings.
• Timely responses to request from Housing Development and Finance teams, leadership team, affiliates, lenders, funding authorities, investors, etc.
• Manage banking activities (i.e. establishing bank accounts, wire transfers, etc.).
• Provide support to the Housing Development and Finance teams on internal and external reporting requirements.
• Provide support to the Housing Development and Finance teams on real estate closings, equity draw downs, and perm conversions.
• Manage cash management: Manage disbursement/wire transfer process.
• Manage weekly distribution of Cash report to Housing Development team on status of each reserved line of funding.
• Manage the coordination with Sponsor’s accounting department on weekly cash transfers from each reserved line of funding, as directed and authorized.
• Review and approve bank account reconciliation for housing entities’ bank accounts.
• Manage the set up new bank accounts as directed.
• Manage the surplus cash payouts.
• Support Housing in overseeing the following accounting/finance functions:
• Manage monthly calendar and organize timelines for monthly transactions and processes.
• Manage the Real estate closing & post-closing processes.
• Manage the annual budget preparation & analysis for a portfolio of housing entities.
• Manage the quarterly financial review with Asset Management; review and analyze housing facilities’ quarterly financial statements, and provide technical accounting guidance to 3rd party accounting firms.
• Manage the accounting for VOANS Holding Company, Seller Note entities and other various housing entities.
• Manage the accounting for General Partner entities.
• Oversee Accounts Receivables related to Housing.
• Support the Housing team in overseeing the semi-annual audit and tax reporting functions:
• Manage semi-annual audit and tax preparation (6/30 and 12/31) for a portfolio of VOA/VOANS Sponsored housing entities and related GP entities. This includes coordination with Asset Management team to resolve any audit and compliance issues.
• Manage the annual audit and tax reporting for VOANS Holding Company and Mary Marshall Owner entity.
• Manage the VOA nationally owned/sponsored consolidation entities listing.
• Manage confirmation contact listing for multiple housing facilities.
• Manage the reconciliation of accounts and analysis/schedules in preparation of annual audits.
• Coordinate the preparation of Tax Credit Consolidation and Eliminations for annual consolidation audit.
• Manage tax & compliance filing requirements for housing facilities and related entities.
• Manage the tracking of mortgage/loan & escrow activity statements for a portfolio of housing entities.
• Review Stabilization/Required Debt Service Coverage (DSC) ratio analysis.
• Manage annual surplus cash payouts.
• Support Housing in overseeing the transition of projects from construction to operations as well as change in management/accounting firm of housing entities:
• Meet with appropriate team members (Housing Development Directors, Director of Asset Management, Senior Asset Managers, Senior Financial Analyst, Director of Housing Management, Affiliates, and 3rd party agents/accounting firms) to discuss steps to ensure a smooth transition.
• Manage the coordination of accounting setup with 3rd party agents/accounting firms.
• Manage the coordination of payroll functions with Human Resources.
• Manage the coordination of banking requirements (establishing bank accounts, transfer of balances, etc.).
• Manage the coordination of set up of Insurance & Tax Escrow analysis.
• Manage the preparation of various required documents on HUD 202/811 properties (SF 1199a direct deposit form, depository agreements, etc.).
• Provide technical accounting support.

Qualifications

• Bachelor's degree in accounting, business or finance.
• At least five (5) years’ experience in accounting field, affordable housing, LIHTC and HUD experience preferred with experience supervising.

Skills

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in Microsoft Office Suite.
• Experience with accounting software and systems.
• Ability to manage multiple tasks and meet deadlines.

Benefits

• Comprehensive Medical, Dental & Vision Insurance.
• 403(b) Retirement Plan with Discretionary Employer Contribution.
• Generous Paid Time Off (Vacation, Holidays & Sick Leave).
• Life Insurance & Short-Term Disability Coverage.
• Employee Assistance Program for personal and professional support.
• Wellness Incentives (up to $350 annually).
• Early Pay Access (up to 50% up to $1000 of earned wages).
• Career Development Opportunities.

Pay

$104,000 - $117,000

Schedule

Monday-Friday 8:00 AM-5:00 PM (Hybrid)