Director, Real Estate Accounting

Company: Atlanta Housing
Location: Atlanta
Posted on: November 13, 2024

Job Description:

Position: Director, Real Estate AccountingDepartment: FinanceSalary Grade: QSalary Range: $133,100 - $169,100Position Summary:The Director, Real Estate Accounting will direct the agency's financial planning and accounting practices as well as serve as the analytics lead for Real Estate Group (REG), Choice Neighborhoods (CN), Facilities Management (FOM), and Construction Management (CFM) by providing a broad range of financial management and strategic support functions. Responsible for long- and short-range planning of projects, including monitoring of spending, performance against plans for development and rehabilitation projects, as well as other REG related activities, including development of corrective actions to meet budget objectives. Oversees assets by establishing, monitoring, and enforcing internal controls. Monitors and controls financial condition by conducting audits and providing information to external auditors.Roles and Responsibilities:

• Oversee and direct the operations of real estate accounting and financing in the Finance department. Recommend and direct implementation of policies, objectives, budgets, plans, procedures, and schedules for the department.
• Evaluate work standards and performance levels ensuring uniformity, effectiveness, and appropriate staffing levels.
• Oversee budgeting, audit, tax preparation, and long-term forecasting.
• Direct analysis and tracking of funding commitments and expenditures.
• Analyze, consolidate, and direct cost accounting procedures.
• Coordinate with annual compliance and financial audits with external auditors.
• Ensure financial reporting is in accordance with federal regulations and reports are completed timely and accurately.
• Support refinement and update of the financial 10-Year Forecast Model.
• Provide oversight and analysis of Program Income cash from a historical understanding on sources and restrictions to ensure proper accounting and forecast future revenue from projected real estate transactions.
• Provide grant management by ensuring compliance with HUD and local agreements. Report monthly obligations and expenditures in HUD's Line of Credit Control System (LOCCS). Provide forecast for the term of the grant.
• Provide accounting, forecast, and analysis for capital assets.
• Ensure loan amortization and fee schedules are created, payments are applied in compliance with legal agreements, and reconciled to the general ledger.
• Manage the preparation of department and program budgets for AH-Owned Communities, REG (HomeFlex, MIMF, Utilities, and PILOT), Facilities, Construction, and Choice Neighborhoods by communicating goals and objectives, and ensuring development of budgets are achievable and realistic spending budget assumptions.
• Develop and present quarterly financial briefings to stakeholders.
• Oversee the Jobs and Contracts in Yardi's Construction and Grant Management (CGM) module including tracking of funding sources and effective contract administration for assigned contracts by ensuring all established costs, quality, and delivery commitments are met.
• May be required to perform other duties as required and/or assigned.Knowledge and Skill Requirements:
  • Working knowledge of the Code of Federal Regulations (C.F.R.) and/or U.S. Housing Urban Development (HUD) regulations, including Rental Demonstration Program (RAD) preferred.
  • Previous Yardi software experience is a plus.
  • Experience with effectively leading a high-performance team.
  • Demonstrated experience in implementing consistent and standardized policies, procedures, and processes.
  • Demonstrated experience managing multiple projects.
  • Bachelor's degree in finance/accounting.
  • MBA/CMA preferred.
  • 7+ years of related experience required preferably within the Public Housing and/or Real Estate industries.Working Conditions:Works in an office environment with potential frequent bending, stooping, reaching, and prolonged sitting or standing. May involve lifting of equipment. Some local travel may be required; a valid State of Georgia driver's license and full insurability for inclusion on the company's "Authorized Drivers List" is necessary. This position offers a dynamic environment where technical expertise, problem-solving, and effective communication skills are essential for success.
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Keywords: Atlanta Housing, Johns Creek , Director, Real Estate Accounting, Accounting, Auditing , Atlanta, Georgia