New Destiny Housing Corporation | Senior Project ...

New Destiny's mission is to end the cycle of domestic violence and homelessness for low-income families and individuals by developing and connecting them to safe, permanent, affordable housing and services. To achieve its mission, New Destiny builds and manages housing with on-site services; offers innovative programs that assist survivors in finding and retaining affordable housing; and works to expand access to permanent housing resources for survivors. New Destiny is the largest provider of supportive housing for domestic violence survivors in New York and is a leading advocate in the effort to obtain the resources needed to end family homelessness in New York City. New Destiny is seeking a detail-oriented, experienced, and responsible Senior Project Accountant - Revenue & Arrears Analyst to join the Finance and Administration Department. This role involves working closely with the Property Management Department and Housing Development & Asset Management Department to manage all tenants & subsidy receivables and arrears across multiple buildings under New Destiny's management, including the Low-Income Housing Tax Credit (LIHTC) properties. The Revenue & Arrears Analyst will be responsible for all buildings' revenue recognition and cash receipts, including recording monthly rent income & vacancy losses, applying the cash receipts into the correct receivable categories, generating monthly arrears reports, and performing bad debt & collection analysis. This position will report directly to the Controller. Duties and Responsibilities Confirm monthly rent information in Rent Manager with the property management team, including new leases, vacancies, concessions, revised rent amounts, and eviction status for all units. Record monthly revenue, vacancy losses, concessions, and misc. income. Organize lease agreements and tenant ledgers to ensure the information is audit-ready on a semi-annual basis. Collection & Arrears Ensure receivables are correctly recorded into different categories in Rent Manager, including tenant receivables and various subsidy receivables every month. Provide information and assist other fiscal team members with applicable subsidy billing. Deposit the rent checks to the bank every week and reconcile rent paid through the Rent Manager with the bank transactions every week. Apply different cash receipts to outstanding balances and communicate with the property management team promptly regarding any identified discrepancies or difficulties. Provide monthly arrears information to the property management team and management, assisting in understanding the root causes of the arrears. Budgeting & Reporting Obtain information from the property management team and perform an annual revenue and collection forecast. Perform quarterly actual vs budget revenue fluctuation analysis and present findings to management. Collaborate with the property management team to present the 15 tenants with the highest combined tenant receivables and subsidy receivables, along with their legal proceeding status, to management every quarter. Generate monthly tenant receivable and subsidy receivable aging reports. Assist the Project Accountant with monthly bank reconciliation. Annual audit Provide requested information to auditors regarding the revenue and collection cycle, including lease agreement vouching and tenant information. Assist the CFO and Controller as needed during partnerships' audits and consolidated audits. Other tasks assigned by the CFO or Controller. Qualifications Bachelor's or master's degree in accounting, finance, or related degree required, CPA preferred Minimum 5 years of progressive accounting experience required. At least 3 years experience in property management / real estate industry required, multi-family and affordable housing experience strongly preferred. Experience working with property management and bookkeeping software preferred, such as Rent Manager, Buildium, Yardi Breeze, and QuickBooks Experience in rent subsidies such as Section 8, NYCHA, and ESSHI preferred. Experience working with auditors to prepare year-end reporting packages and supporting documentation preferred. Proficiency in Excel and other MS Suite programs, particularly large data sorting, grouping, and filtering strongly preferred. Demonstrate strong written and verbal communication skills, adept at prioritizing and managing multiple tasks with time-sensitive deadlines required. Detail-oriented, self-motivated, and problem-solving individual with professional organizational skills. Compensation/Benefits $75K - $80K per year with competitive benefits and a hybrid work schedule. This full-time position has a benefits package including medical, dental, vision, short disability, PTO paid holidays, and 401(k). EOE No Phone Calls New Destiny is an equal-opportunity employer committed to diversity. Survivors of domestic violence and people who have experienced housing instability are encouraged to apply.

Created: 2024-11-27