Overview 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 oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. 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. Please review the job applicant privacy notice here.
Position Overview: Key member of the Transaction Management team, reporting to the Transaction Manager. Supports various operational aspects of the rehabilitation and capital preservation program for Section 42 Low-Income Housing properties. As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $90,000-$100,000. Actual base salary range may vary based on various factors, including but not limited to location and experience.
- Verify accuracy of settlement statements for acquisitions, dispositions, and resyndication closings
- Assist with receipts, disbursements, and general accounts payable and receivable
- Maintain transaction data integrity across transaction management, accounting, and administrative platforms
- Respond to payment and transaction inquiries; research and resolve issues
- Assist in the month-end close process, prepare reconciliations,
- Provide financial updates to Project Managers for resyndication development projects
- Compile, review, and submit construction draw packages
- Collaborate with accounting to establish policies and procedures for resyndication development accounting and compliance with lender and investor requirements.
- Monitor project budgets and collaborate with Project Managers to ensure budget adherence
- Track and coordinate payment of invoices, maintain cost trackers through the lifecycle of a transaction
- Assists with Year-end audits/compilations, cost certifications, bond test calculation
- Utilize Yardi and other financial systems for reporting
- Assists with construction draw entries on property-level books.
- Maintain resyndication project, budget trackers
- Help implement and streamline processes to improve efficiency
- Address escalated issues promptly
- Work closely with other teams in the organization to ensure that all transactions are correctly recorded and timely
- Update standard operating procedures for key processes
- Provide support on special projects and ad hoc reporting and analyses as necessary
Qualifications: - Experience in development or construction accounting
- 2-3 years of relevant accounting experience with a solid understanding of GAAP
- BA/BS in Accounting, Business/Finance
- Proficiency with Excel and PowerPoint
- Strong organizational, analytical, and problem-solving skills
- Excellent communication and interpersonal abilities
- Ability to manage projects independently in a fast-paced environment
- Experience in AP, construction, real estate, and loan software is a plus
- Experience in the Low -Income Housing Tax Credit industry experience is a plus
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 ...@revantage.com