Real Estate Accountant

REPORTS TO: Senior Real Estate Accountant

Organization Overview

Emphasizing our historic and continuing commitment to Latino communities, the MISSION ECONOMIC DEVELOPMENT AGENCY (MEDA) works with and for all the diverse populations of the San Francisco Bay Area to build healthy, vibrant and safe neighborhoods through community development. We oversee a diverse range of businesses and programs, including real estate development, property management, social services, and professional services, some of which are operated as subsidiaries and through partnerships with public and private partners. MEDA is dedicated to building a culturally diverse and pluralistic organization committed to working in multicultural communities, and strongly encourages minorities, people of color and women to apply for our employment opportunities.

MEDA is an equal opportunity employer and makes employment decisions on the basis of merit, including the applicant’s ability to champion MEDA mission, values and organizational culture. MEDA wants to have the best available persons in every job. MEDA policy prohibits unlawful discrimination on any basis protected by federal, state or local law or ordinance or regulation. For more about our accomplishments and our mission, please visit: MISSION ECONOMIC DEVELOPMENT AGENCY (MEDA) is a community development corporation that develops affordable housing and community facilities with integrated services focused on tenants and neighborhood residents, with emphasis on Latino communities and the diverse low-income populations of San Francisco.

Position Summary

Reporting to the SENIOR REAL ESTATE ACCOUNTANT, the Real Estate Accountant will lead all day-to-day accounting operations of over 33 residential/commercial properties, the development projects, and the corporate entity. The Real Estate Accountant will directly be responsible for the monthly/quarterly/annual financial reporting, general ledger reconciliations, accounts payable, accounts receivable, grants administration, development accounting, assist the annual financial audit, compliance audits, income tax returns, cost certifications, banking, company credit cards, and maintenance of an adequate accounting system.

The Real Estate Accountant will uphold MEDA’s accounting and internal control policy and pro procedures and give recommendations for improvement if needed. Additionally, the Real Estate Accountant will oversee all compliance and post award management for our Community Real Estate audit, our annual audit and federal grants in compliance with the Single Audit. The Real Estate Accountant must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace. The Real Estate Accountant should be able to exercise good judgment, and possess strong problem solving and decision-making skills.

Key Duties and Responsibilities

  • Perform monthly bank reconciliation for all properties
  • Import monthly financial reports from AppFolio into MIP
  • Book loan payments, maintain and update loan summary worksheets
  • Maintain and update fix assets and loan cost amortization schedule
  • Book monthly depreciation and amortization (loan cost and general liability insurance)
  • Book monthly fee payable to MEDA
  • Reconcile monthly intercompany payable and receivable to request for payment or receipt
  • Work with CRE’s team to do draw request for development or rehab projects
  • Perform sources and uses reconciliation including reconciliation between the development/rehab GL code to the summary draw sheets
  • Review tenant charge to tenant lease agreements to ensure the accuracy
  • Reconcile general ledger to sub-ledger i.e., AP and AR aging report
  • Assist in the preparation of monthly, quarterly and annual financial statements
  • Assist in the preparation of all account schedules and other requests from the external auditors for the annual financial and compliance audits as well as Cost Certifications
  • Uphold the internal control and accounting policies and procedures
  • Perform ad-hoc duties as requested by Senior Accountant.

Required Knowledge, Skills & Abilities

  • B.S. in Accounting or similar education.
  • At least 3-5 years of experience in accounting and with Low Income Housing Tax Credit preferable
  • Expertise in the Microsoft Office suite, particularly Excel, Word, Outlook and SharePoint. Significant experience with accounting software, especially YARDI or similar programs
  • Nonprofit experience helpful
  • Personal qualities of integrity, credibility, and unwavering commitment to MEDA’s mission
  • Keen analytic, organization and problem-solving skills, which allows for strategic data interpretation versus simple reporting
  • Strong interpersonal and communication skills

Physical Demands
This job requires simple grasping and fine manipulation, sitting at a desk and using a computer for extended periods of time, moderate use of telephone, standing, walking, bending and reaching. Requires occasional lifting or moving of objects up to 25 pounds, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Benefits and Other Information

MEDA offers excellent benefits. MEDA pays up to 100% of employee premiums and 100% of dependent premiums for Medical, Dental, Vision, LTD and Life, EAP, Retirement, Paid Time Off, CA Paid Sick Leave, Holidays and Wellness Days off for all eligible employees. **All candidates will be subject to a background check.** Please NO PHONE CALLS! MEDA is an EOE/AA Employer.


Please click on the link below and submit your cover letter and resume.