Project Accountant - Affordable Housing

Harmony Housing Affordable Development Inc. ("HHAD") is among the largest real estate developers of affordable rental housing in the United States. Our mission is to positively impact communities by creating and preserving quality affordable housing for low-wealth households. HHAD is a wholly owned subsidiary of Harmony Housing, a 501c3 not-for-profit owner and operator of affordable housing.

Our fast-growing organization is currently seeking a detail-oriented and experienced Project Accountant to join the expanding Finance Team . This individual will play an integral role in the growth of HHAD's affordable housing development business. The ideal candidate will be responsible for managing the financial aspects of affordable housing projects, ensuring compliance with regulatory requirements, and providing accurate financial reporting to stakeholders. This position works in close coordination with HHAD's Construction, Development, Finance, and Executive teams and is based in our Raleigh, North Carolina office, reporting to the Director of Project Accounting.

This position is responsible for all aspects of development project accounting and is the primary accounting liaison to internal and external partners for assigned projects. Key responsibilities include establishing and maintaining accounting systems to track financial and job / cost information for development projects with multiple funders; ensuring that recording structures apply the appropriate generally accepted accounting principles (GAAP); and oversight of construction project funding and draw processes to ensure the timely distribution of costs to the appropriate funding sources. This position requires a great deal of autonomy and accountability, along with strong experience in financial analysis, low-income housing tax credits, general accounting practices, critical thinking and problem solving, negotiating, and teamwork.

Primary Duties and Responsibilities :

• Project Accounting :

Process all accounts payable for development projects and ensure that payments are properly authorized, coded, documented, and are mathematically accurate; maintain accurate and comprehensive payment schedules and cost allocations to ensure accurate repayment of all advances

Create project-specific draw procedures and process draw requests for various funders, including banks, LIHTC syndicators, and governmental entities, to include contractor pay applications, approved change orders, and soft cost invoices related to development activities; review and ensure all documentation is complete and accurate

Review Developer Agreements to accurately predict accrued developer fees earned and anticipated receipt

Ensure continuous adherence to local, state, and federal regulations related to affordable housing financing and reporting

Experience, Skills, and Abilities Required :

A satisfactory background check will be required as part of the selection process.

At Harmony Housing Affordable Development (HHAD), we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build a work environment that empowers all individuals with opportunities to channel their entrepreneurial spirit. HHAD is an EEO employer.

This job description is not inclusive of all responsibilities, skills, requirements, efforts or working conditions associated with this position. While this job description is intended to be an accurate reflection of the current position, management reserves the right to modify the position or to require that other or different tasks be performed when circumstances change. This job description replaces all previous descriptions for this position.

Equal Opportunity Employer

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