We are seeking an accomplished and detail-driven Director of Accounting to oversee the full accounting function for a mission-driven real estate organization specializing in multifamily affordable housing. This role offers the opportunity to shape financial operations across all levels of the business—development and project-level transactions, corporate finance, and property-level accounting—while serving as a trusted strategic partner to the CFO and senior leadership.

The Director of Accounting will play a critical leadership role in ensuring compliance with HUD, Project-Based Section 8, LIHTC, and other affordable housing financing programs, while driving financial accuracy, operational excellence, and strategic insight. This is a highly visible position that touches every part of the organization—from guiding multi-million-dollar development projects through stabilization, to strengthening corporate controls, to ensuring property-level reporting meets investor and regulatory requirements.

Development Accounting

• Lead full-cycle accounting for acquisitions, ground-up construction, and stabilization across multiple projects.
• Manage construction draw preparation and submissions, partner equity installments, and acquisition/disposition accounting.
• Monitor funding sources (debt, tax credit equity, grants, and soft loans), ensure accurate cost allocations, and prepare detailed cost reports.
• Oversee LIHTC cost certifications, final submissions, and 8609 filings in collaboration with development teams.

Corporate Accounting

• Direct all corporate finance operations, including quarterly financial statements, budgeting, cash flow forecasting, and treasury management.
• Oversee corporate audits, tax filings, payroll, AP/AR, and intercompany reconciliations.
• Maintain and improve internal controls, policies, and accounting systems to support scalability and compliance.

Property Accounting

• Supervise accounting for stabilized communities, ensuring accurate monthly/quarterly reporting and strict compliance with affordable housing regulations.
• Monitor reserves, oversee annual operating budgets, and prepare lender/investor financial packages.
• Partner with property management on expense control, NOI performance, and compliance audits.

Leadership & Strategic Impact

• Lead and mentor a team of nine (including two managers), fostering professional development and cross-training across accounting functions.
• Serve as a strategic partner to the CFO on financing structures, investment evaluations, and organizational financial health.
• Collaborate with development, construction, property management, and compliance teams to deliver accurate, timely, and actionable reporting.
• Drive continuous improvement through process efficiencies, technology adoption, and system integration.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field (CPA and/or MBA strongly preferred).
• 12+ years of progressive accounting experience, including at least 7 years in leadership within multifamily affordable housing.
• Expertise in LIHTC accounting, cost certifications, HUD/Section 8 compliance, and affordable housing financial reporting.
• Strong experience in multi-entity corporate and property-level accounting.
• Proficiency with real estate accounting software (Yardi, MRI, Sage, or similar) and advanced Excel.
• Deep knowledge of partnership/joint venture accounting, equity waterfalls, and investor reporting.
• Exceptional leadership, analytical, and communication skills.

Preferred Attributes:

• Hands-on experience with HUD, HOME funds, and other public financing programs.
• Ability to thrive in a fast-paced, deadline-driven environment.
• Collaborative approach to cross-departmental and external partner relationships.
• Strong commitment to accuracy, compliance, and integrity.

Apply today for immediate consideration or reach out to us to learn more about this exciting opportunity with an outstanding company!
215-661-8834
resume@msbresources.com

This is an on-site position located in Dallas, TX.

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