Job Description

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.

April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.

In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.

Experienced Staff Accountant/Senior Accountant

Position Description:

We are seeking a highly motivated and detail-oriented Staff or Senior Accountant to join our Corporate Accounting team. This role plays a critical part in ensuring the accuracy and timeliness of our financial reporting processes. The ideal candidate will have a strong foundation in GAAP, experience with complex accounting transactions, and a collaborative mindset.

This position supports the accounting for over 400 limited partnerships invested in Section 42 Low-Income Housing properties and is responsible for executing key internal controls to ensure compliance with GAAP and corporate standards for BREIT and BREP.

Key Responsibilities:

Execute daily accounting operations, including journal entries, account reconciliations, and SOX-compliant internal controls.
Review and process monthly financial packages from third-party providers to ensure accuracy and completeness.
Prepare journal entries and supporting documentation for month-end close activities.
Reconcile general ledger accounts to sub-ledgers or supporting schedules.
Prepare opening balance sheets and purchase price allocations for acquisitions and Resyndications.
Track and reconcile construction-in-progress (CIP), fixed assets, seller notes, and GP developer fees.
Monitor and assess surplus cash positions.
Support consolidation processes and lender reporting requirements.
Produce monthly variance analysis reports in compliance with SOX controls.
Collaborate on the implementation and optimization of accounting processes and systems.
Coordinate with internal teams and external providers to ensure accurate and timely transaction recording.
Assist with audit requests and prepare supporting documentation for internal and external auditors.
Troubleshoot and resolve escalated accounting issues efficiently.
Maintain and update standard operating procedures for key accounting functions.
Provide analytical support and insights for special projects and ad hoc reporting needs.
Support senior leadership with financial analysis and reporting, including the CFO, CAO, and Controller.

Qualifications:

A bachelor’s degree in accounting and CPA is a plus
Minimum of 2 or 4 years of relevant accounting experience.
Strong understanding of GAAP, including consolidations and real estate accounting.
Public accounting experience is preferred.
Experience in the Low-Income Housing Tax Credit (LIHTC) industry is a plus.
Proficiency in Microsoft Excel; experience with Yardi or other real estate accounting software is preferred.
Strong analytical, organizational, and problem-solving skills.
Excellent written and verbal communication abilities.
Self-motivated, detail-oriented, and committed to continuous learning.
Ability to work effectively in a fast-paced, deadline-driven environment.
Team-oriented with a proactive and collaborative approach.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers, the California Fair Chance Act and any other applicable city, county, or local ordinances. Good cause exists for a criminal background check because one of the material duties of this position requires access to sensitive financial information and confidential and proprietary information and accordingly requires the candidate to possess a high level of integrity and discretion. The Company faces a significant risk to its business operations or business reputation if a criminal history check is not performed. A criminal history that has a direct, adverse, and negative relationship with these material duties may potentially result in the withdrawal of a conditional offer of employment.

Base Compensation Range:

$40.86 To $48.07 Hourly. This represents the presently-anticipated low and high end of the Company’s base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.

Benefits: The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).

The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility.

EEO Statement

April Housing is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com

Asset Management

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