Property Accountant

WHY MIDPEN

At MidPen, we build communities that change lives. Since 1970, we have been committed to our mission: to provide safe, affordable housing of high quality to those in need; establish stability and opportunity in the lives of residents; and foster 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 130 properties is home to 20,000 working families, seniors, and people with special needs. We take pride in delivering affordable housing solutions, and we invite you to join us on a journey toward social, economic, and racial equity.

BENEFITS AND COMPENSATION

In 2023, MidPen was again certified as an official Great Place to Work�, and for good reason! In addition, we offer a best-in-class benefit package that includes healthcare options (Kaiser or Sutter), dental, vision, life & disability insurance. We also offer a wide range of voluntary benefits; 403(b) retirement investment opportunity and annual financial literacy and retirement planning options, FSA for childcare, medical and commuter benefit options, Employee Assistance program and pet insurance for our furry, feathered, and scaled friends. In addition to 14 paid company holidays, which include a paid winter holiday break between Christmas and the New Year, we offer 4 paid wellness days for employees to disconnect and recharge. As a learning organization, we encourage professional development and career advancement, and we offer up to $3,000 annually ($12,000 lifetime maximum) for education assistance with tuition reimbursement and/or loan debt relief that includes qualified family members. And, as a family-friendly company, we offer a paid time off parental leave benefit of 12 weeks in a 12-month period for new or expecting parents. Check out our benefits snapshot on our careers page.

PAY RANGE

$80,000 - $85,000 Annual Salary - Pay based on applicable experience and qualifications

POSITION OVERVIEW

The Property Accountant reports to the Accounting Manager is responsible for the financial closing and reporting of a multiple partnership portfolio, including the analytical review and reconciliation of all entities in the portfolio in compliance with US GAAP and the MidPen Policy and Procedures for Financial Reporting. Excellent written and verbal communication skills are required, as the Property Accountant will work with a variety of team members in Property Management, Asset Management, and Resident Services as well as the management team at MidPen. This position is also responsible for communicating financial results to all levels in the organization.

This is a hybrid position, based on current MidPen policy of working Tuesdays and Thursdays in the Foster City Office. Monday, Wednesday and Friday, option to work from home or the office. When working from home, requires a reliable internet connection.

ESSENTIAL DUTIES

• 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

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the education, knowledge, skill, and/or ability required.

Education and Experience

• Bachelor�s degree in the field of 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

Knowledge, Skills, and Abilities

• Proficient using Microsoft Office including Excel, Word, One Drive, and Outlook


• Strong ability to work independently and understand and explain financial concepts


• Detailed 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


• Must possess a valid California Driver�s License, proof of current auto insurance, and reliable transportation


• 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

Working Conditions

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  This is a hybrid position, based on current MidPen policy of working Tuesdays and Thursdays in the Foster City Office. Monday, Wednesday and Friday, option to work from home or the office. When working from home, requires a reliable internet connection

  
  

This description reflects management�s assignment of essential functions, it does not proscribe or restrict the tasks that may be assigned.

EQUAL OPPORTUNITY EMPLOYER

MidPen Housing Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Consistent with its obligations under the law, MidPen Housing Corp. will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job. MidPen believes that diversity and inclusion among our teammates is critical to our success, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool.