Property Accountant at FITCH IRICK MANAGEMENT LLC

Description

Work Type: Full time

Status: Exempt-Salary

Property Accountant

Company Description: Fitch Irick Corporation, based in Charlotte, NC has over 30 years of

experience in the affordable housing development and property management field. Fitch Irick is

knowledgeable in the complexity of regulations with Rural Development, HUD, and Low-Income Housing Tax Credit Programs. Fitch Irick currently manages 12,000+ units in 250

properties throughout the southeastern United States with multiple layers of programs and

funding sources designed to better communities by providing quality affordable housing to

residents in need.

Company Statement: We make a positive difference in the world, one resident at a time by

utilizing local, state, and federal tax-advantaged programs to enhance communities via the

acquisition, development, and management of quality affordable housing

Description of Job: The Property Accountant is responsible for providing the full cycle of

accounting for an assigned portfolio of properties. This position will focus on all aspects of

financial statements, including journal entries, general ledger analysis & review, reconciliations

of accounts, distribution of reports, and month end closing, ensuring timely and accurate

financial statements for each entity within the assigned portfolio.

WHAT YOU'LL BE DOING| THE ROLE

• Prepare monthly, quarterly, and year-end financial statements/reporting packages with varying deadlines.
• Perform monthly bank reconciliation and all other month end tasks.
• Perform monthly Balance Sheet account reconciliation.
• Responsible for cash management for assigned portfolio including various funding
• requests.
• Manage and process replacement reserves according to each property's funding source.
• Review Accounts Receivable regularly and finalize tenant move-outs.
• Gain a solid understanding of general ledger data and its impact on overall finances.
• Submit complete and accurate monthly journal entries- standard, recurring, reversing,
• adjusting, reclassifications, prepaid rent, accruals, etc.
• Review rental payments and property invoices for correct and accurate coding.
• Ensures monthly mortgage and other recurring monthly payments are processed timely.
• Verify all cash entries are booked timely and accurately.
• Assist with completing annual Tax Credit/Rural Development forms.
• Assist with coverage for co-workers when out of office.
• Any other tasks as assigned by the employee's supervisor/manager and/or in accordance with business needs.

WHAT YOU'LL BRING| THE PERSON

Education & Experience

• Bachelor’s degree in Accounting, Finance, or a related field required.
• 3-5 years of accounting experience, preferably in property management or affordable housing environments.
• Strong understanding of financial reporting.
• Experience preparing monthly, quarterly, and year-end financial statements.
• Familiarity with HUD, Tax Credit (LIHTC), or Rural Development reporting preferred.

Technical Skills

• Proficiency in accounting software such as Yardi
• Strong Microsoft Excel skills (pivot tables, VLOOKUPs, data analysis) and solid command of other Microsoft Office applications.
• Ability to perform detailed bank and balance sheet reconciliations.

Core Competencies

• Strong analytical and problem-solving skills with keen attention to detail and accuracy.
• Excellent organizational and time management abilities; able to handle multiple deadlines.
• Effective written and verbal communication skills.
• Ability to work independently and collaboratively in a team environment.
• Professional integrity and discretion when handling confidential financial information.

WHAT’S IN IT FOR YOU| THE BENEFITS

• Mission-Driven Work: Contribute to providing quality affordable housing that improves communities and supports residents in need.
• Comprehensive Benefits:
  • High-quality health, dental, and vision insurance.
  • Short-term & long-term disability.
  • Life insurance & AD&D coverage.
  • Pet insurance.
  • Generous Paid Time Off (PTO) and Paid Company Holidays.
  • Floating Paid Holiday of choice.
  • Employee Assistance Plan for you and your immediate family.
• Professional Growth: Be part of a dynamic team that values professional development, celebrating milestones and offering opportunities for career growth.
• Impact: Play a critical role in shaping affordable housing developments that enhance communities and improve residents' quality of life.

Qualifications