Development Accountant (Foster City Office)

div class= content-intro p strong About MidPen /strong /p p At MidPen, we build communities that change lives. Since 1970, we have been committed to our mission: to provide safe, affordable housing of high quality to those in need; establish stability and opportunity in the lives of residents; and foster diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect. /p p We develop affordable housing, provide professional property management for all our communities, and coordinate robust onsite support programs that help residents thrive. We are active in 12 Northern California counties and have earned recognition as one of the nation’s leading non-profit developers and stewards of affordable housing. Our current portfolio of more than 130 properties is home to 20,000 working families, seniors, and people with special needs. We take pride in delivering affordable housing solutions, and we invite you to join us on a journey toward social, economic, and racial equity. /p p MidPen is, once again, proud to be certified as an official Great Place to Work® in 2025. /p /div p strong span data-contrast= auto Location: /span /strong span data-contrast= auto Foster City Office /span span data-ccp-props= { 335551550 :6, 335551620 :6} /span /p p strong Development Accountant /strong /p p span data-contrast= auto span data-ccp-parastyle= Body Text This position is responsible for the full accounting cycle of development projects and newly placed in service properties in a given portfolio around /span span data-ccp-parastyle= Body Text /span span data-ccp-parastyle= Body Text 10 plus projects with minimum of 6 major on-going projects, including the analytical and reconciliation of all transactions in compliance with US GAAP, /span span data-ccp-parastyle= Body Text MidPen /span span data-ccp-parastyle= Body Text Accounting Policies and Procedures Manual and other statutory requirements, e.g., Low Income Housing Tax Credit rules. /span /span span data-ccp-props= { 335559685 :699, 335559731 :0, 335559737 :442, 335559738 :0, 335559991 :360} /span /p p span data-contrast= auto span data-ccp-parastyle= Body Text The Development Accountant works with a variety of team members in Development, Corporate and Property Accounting, Property Management, Asset Management and Resident /span span data-ccp-parastyle= Body Text Services /span span data-ccp-parastyle= Body Text as well as the management team at /span span data-ccp-parastyle= Body Text MidPen /span span data-ccp-parastyle= Body Text . /span /span span data-ccp-props= { 335559685 :699, 335559731 :0, 335559737 :442, 335559738 :0, 335559991 :360} /span /p p span data-ccp-props= { 335559685 :699, 335559731 :0, 335559737 :442, 335559738 :0, 335559991 :360} strong Responsibilities /strong /span /p ul li Prepare and submit loan draw requests in a timely manner. /li li Track project actual costs and funding usages vs. project budgeted and contracted amounts in Job Cost Module and related interface with various applications. Prepare analysis of budget, contract, and actual variances, as needed /li li Perform general ledger analysis for the assigned projects, account reconciliations, monthly close and prepare financial statements /li li Prepare annual audit schedules and work with external auditors to complete audit and tax returns and ensure all are filed within timeline of partnership and other applicable agreements /li li Collaborate with project managers and other accountants to meet company’s accounting needs and reporting requirements /li li Apply and understand the proper accounting treatment under GAAP with accurate documentation and correct recording of transactions. /li li Prepare annual audit schedules and works with the external auditors to complete audited financial and prepare cost cert audit with support from accounting managers /li li Responsible for reading and understanding all compliance and partnership documents of assigned projects, including regulatory and loan agreements, as well as accounting treatment associated with each document /li li Concisely present financial information and appropriately answer accounting questions to management and other users, as requested /li li Ensure all inter-entity transactions are in balance. Analyze and clear variances prior to financial reporting close /li li Ensure surplus distributions are correctly calculated and appropriately distributed /li li Provide ad-hoc reporting, as requested. High proficiency in Excel tools used in analysis /li /ul p /p p /p p strong Qualifications /strong /p p strong Physical Requirements /strong /p ul li Constantly perform desk-based computer tasks /li li Frequently sitting /li li Occasionally stand/walk, reach/work above shoulders, grasp lightly/fine manipulation, grasp forcefully, use a telephone, sort/file paperwork or parts, lift/carry/push/pull objects that weigh up to 10 pounds /li li Rarely twist/bend/stoop/squat, kneel/crawl /li /ul p strong Education and Experience /strong /p ul li span data-contrast= auto span data-ccp-parastyle= Body Text Bachelor degree in /span span data-ccp-parastyle= Body Text Accounting or /span span data-ccp-parastyle= Body Text Business /span span data-ccp-parastyle= Body Text Administration /span /span span data-ccp-props= { 335559738 :0, 469777462 :[1320], 469777927 :[0], 469777928 :[1]} /span /li li span data-contrast= auto span data-ccp-parastyle= Body Text CPA preferred. /span span data-ccp-parastyle= Body Text Strong /span span data-ccp-parastyle= Body Text GAAP /span span data-ccp-parastyle= Body Text knowledge /span span data-ccp-parastyle= Body Text required /span span data-ccp-parastyle= Body Text , /span span data-ccp-parastyle= Body Text and /span span data-ccp-parastyle= Body Text Low-Income /span span data-ccp-parastyle= Body Text /span span data-ccp-parastyle= Body Text Housing Tax /span span data-ccp-parastyle= Body Text Credit knowledge /span span data