Property Accountant I - Minneapolis Regional Office

Dominium is helping tackle the affordable housing crisis - and we're looking for motivated candidates to join our team and advance our mission. With offices in Atlanta, Dallas, Phoenix and Minneapolis, Dominium is one of the nation's most respected and innovative affordable housing development and management companies. We create quality, affordable homes and engage with our residents to foster a strong sense of community and connection.

Join us in making a difference in people's lives every day at a company where you can challenge yourself to develop both personally and professionally.

POSITION SUMMARY:

The Property Accountant I is responsible for the day-to-day accounting activities of an assigned portfolio within a team structure. They adhere to the Accounting Policies and Procedures manual set by Dominium and maintains a professional relationship and communicates regularly with Dominium Accounting staff, Dominium Development staff, Dominium Management staff, agencies and lenders who all must work together for the success and profitability of the company.

ESSENTIAL FUNCTIONS:

1. Apply accounting principles and ensure compliance with GAAP, HUD Section 8, Section 42, Section 236, and other applicable regulations.
2. Manage the month-end close process and prepare accurate financial statements for stakeholders including government agencies, lenders, investors, and owners.
3. Record journal entries for transactions such as mortgage payments, bank activity, accruals, and reclassifications.
4. Support site staff (Community Managers, Assistant Managers, A/R personnel) with Yardi and Excel reports, deposits, and security deposit refunds.
5. Reconcile bank statements monthly for all properties and partnerships, resolve discrepancies, and report findings to Accounting Management. Prepare regular balance sheet reconciliations for assigned properties.
6. Process capital expenditure requests and submit draw requests for replacement reserves to lenders and agencies.
7. Monitor escrow accounts for taxes and insurance, conduct bi-annual analyses, and coordinate timely payments with lenders.
8. Assist with audit preparation by maintaining organized documentation and compiling audit workpapers for external reviewers.
9. Perform general office tasks, respond to inquiries from staff, management, and external partners, and contribute to other projects aligned with departmental goals.
10. Other projects assigned by manager.

QUALIFICATIONS:

• Two year degree in accounting or related field; 1-3 years of accounting experience preferred.
• Accounting software experience required. Experience with reviewing and analyzing financial data, preferred.
• Intermediate experience with Microsoft Suite (Word, Excel, Outlook, etc)
• Clear and professional communication skills both verbal and written
• Advanced mathematical abilities and reasoning skills.

PAY: $60,000 - $65,000/year + 5% bonus eligibility

About Us: Dominium is a purpose-driven leader in affordable housing. We operate in approximately 20 states, supported by a team of over 1,300 dedicated employees. For more than 50 years, we have delivered excellence in the development and management of affordable housing communities across the United States. Dominium's values - EDGE: Entrepreneurial Innovation, Developing People, Growth Mindset and Execution - guide us in fulfilling our Purpose: to provide quality, affordable housing that builds Enduring Value for our residents, employees, communities and financial partners. We believe housing provides dignity, and our work has a positive, lasting impact on the lives of individuals and families - often for generations. Our properties last for decades, leaving a lasting impact in the communities where they are located.

We offer a competitive salary, an incentive bonus program, training and development programs, career growth and community volunteer and outreach programs. We also provide a comprehensive benefits package for eligible employees, including Basic Life and AD&D; Employee, Spouse and Child Supplemental Life and AD&D; and Short and Long-Term Disability insurance. We also offer Medical, Dental and Vision coverage, with optional Health Savings Accounts, as well as Medical and Dependent Care Flexible Spending Accounts. We offer Voluntary Benefits (Accident, Critical Illness, Whole Life) and an Employee Assistance Program. Additionally, you have access to a 401(K) plan, Health and Financial Wellness Programs, Paid Time Off including Paid Holidays and Floating Holidays, Paid Parental Leave, Education Reimbursement, Employee Recognition and the Dominium Employee Emergency Fund.

Dominium is committed to providing equal employment opportunities to qualified applicants and employees. Dominium prohibits employment discrimination on race, color, creed, religion, national origin, citizenship, sex (including sexual orientation and gender identity), pregnancy, marital status, familial status, status with regard to public assistance, disability, membership or activity in local commission, veteran status, military status, age, genetic information, union membership, use of lawful consumable products, or any other category protected by applicable state or federal law.

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