Property Accountant – Affordable Housing (AR/AP) |Bronx, NY | On-site
The Role
Our client is a well-established affordable housing owner-operator with a multifamily rental portfolio spanning the Bronx, Brooklyn, and Manhattan. The portfolio is supported by housing programs including LIHTC, HOME, and project-based voucher (PBV) initiatives, and it is continuing to grow. This is a hands-on accounting role sitting at the center of daily financial operations across multiple properties and regulatory frameworks.
The Sr. Accounting Specialist owns both AR and AP functions end to end, while also serving as a key coordination point between Accounting, Operations, Compliance, Legal, and external subsidy administrators. That cross-departmental reach is real and constant, not incidental.
This is not a role where you set the accounting strategy or manage a large team. It is a role where you execute with precision, keep multiple balls in the air across a complex portfolio, and know affordable housing billing well enough to troubleshoot subsidy discrepancies without being walked through it.
What This Role Is, and Is Not
This role is:
- A full-cycle AR and AP position with real ownership over reconciliations, vendor management, and subsidy billing
- A coordination hub between accounting and the rest of the organization, including Compliance, Operations, and Legal
- A senior individual contributor role that may provide day-to-day guidance to teammates but is not a people-management position
- Detail-intensive and deadline-driven, with weekly and monthly reporting cycles that do not move
This role is NOT:
- A Controller or Accounting Manager role with strategic or supervisory authority
- A remote or hybrid position, presence in the Bronx office is required
- A general property accounting role where regulated housing experience is optional
- A fit for someone who needs clean, simple portfolios and straightforward billing
Required Experience & Traits
- Five or more years of hands-on accounting experience in property management, with real familiarity with how multifamily operations work day to day
- Solid working knowledge of AR, AP, reconciliations, and financial reporting, not just exposure
- Experience with subsidized or regulated housing billing (LIHTC, HOME, PBV, or similar programs) is strongly preferred and will set strong candidates apart
- Advanced Excel skills, meaning you use it to work, not just to view files
- Proficiency in accounting systems and Microsoft Word
- Strong analytical and organizational instincts, with the ability to investigate a discrepancy and resolve it, not just flag it
- Clear written and verbal communication skills, including the ability to correspond professionally with tenants, government agencies, and third-party administrators
- Comfortable managing competing priorities across multiple properties and deadlines simultaneously
Key Responsibilities
Accounts Receivable and Collections
- Lead end-to-end processing of incoming payments, including rent, subsidies, security deposits, concessions, and write-offs
- Prepare and distribute monthly rent bills and tenant share adjustment reports, and respond to tenant rent inquiries with accuracy and professionalism
- Maintain and reconcile AR ledgers, investigate billing discrepancies and subsidy variances, and issue required notices for late payments, returned checks, and uncashed deposits
Reconciliations and Financial Reporting
- Conduct weekly and month-end bank and receivable reconciliations, and participate in recurring cash management reviews
- Maintain subsidy billing and collection reporting in coordination with Compliance and Operations
- Support monthly financial reviews, variance analysis, audits, and internal compliance reporting
Accounts Payable and Vendor Management
- Review purchase orders and process vendor invoices on time, ensuring proper approvals and supporting documentation are in place
- Reconcile vendor statements, resolve discrepancies, and track recurring contract payments
- Support cash flow monitoring and account management across the portfolio
Cross-Functional Coordination
- Serve as the primary accounting contact for Operations, Compliance, Resident Services, and Legal on billing, collections, and lease-related adjustments
- Communicate with government agencies and third-party subsidy administrators as needed
- Support onboarding of new properties and portfolio transitions from an accounting standpoint
Process and Workflow
- Track accounting deliverables and deadlines across the portfolio, and provide day-to-day guidance to accounting team members as needed
- Identify and implement workflow improvements and internal control enhancements
- Draft and maintain process documentation to support consistency and audit readiness
Why EqualAccess
EqualAccess partners with best-in-class organizations and supports candidates beyond placement. Every candidate we place receives 3 months of post-hire coaching and career support, ensuring long-term success and growth.