The Staff Accountant (HUD Management) is responsible for overseeing accounting and regulatory compliance for Systems Unlimited’s HUD companies. This role combines day-to-day property accounting, tenant recertifications/file processing, month-end financial reporting, and active participation in property inspections and compliance audits.
This person also serves as a backup to other accounting team members. The position works regular office hours (M-F 8:00am - 4:30pm) and is based in our Iowa City office. Occasional travel to outlying areas, and to meet with prospective tenants and perform property inspections is required.
HUD Compliance & Tenant Processing
- Process tenant move-ins, move-outs and annual recertifications in compliance with program rules
- Calculate tenant rents, utility allowances, and assistance payments
- Process monthly rent subsidy vouchers
- Maintain complete and audit-ready tenant files
Financial Accounting & Reporting
- Prepare month-end and year-end financial statements for assigned HUD companies
- Record general ledger entries, tenant billing/subsidy receipts, accounts payable, and accounts receivable
- Complete annual HUD financial audits and tax filings
- Assist with Systems Unlimited accounting tasks
Property Inspections & Operational Support
- Schedule, coordinate, and attend required HUD inspections, including NSPIRE (National Standards for the Physical Inspection of Real Estate) / REAC, Management and Occupancy Reviews (MOR), and local housing authority audits
- Collaborate with SCL staff and maintenance teams to ensure inspection findings or deficiencies are addressed and resolved within mandated timeframes
- Track and document post-inspection corrective action plans to preserve property compliance scores
Regulatory Adherence & Policy Monitoring
- Continuously monitor and adhere to HUD regulations and procedures
- Ensure all accounting and operational procedures meet local, state, and federal fair housing guidelines and HUD reporting standards
- Act as a primary liaison with HUD reps, loan officers, and external auditors regarding financial and compliance matters
The applicant should have experience in the following areas:
- Success in this role requires attention-to-detail, self-direction, and the ability to interpret and apply complex regulations.
- Experience reading and understanding administrative code is essential. Accounting or finance experience will also be helpful.
- Additionally, the Staff Accountant (HUD Management) must be comfortable interacting with a wide variety of stakeholders, including tenants (people served by Systems Unlimited), their support teams, regulators, auditors, and other staff. Understanding of service provision to people with disabilities is also an asset.
- A valid license and driving record acceptable from a risk management perspective are required.
Full-Time team members are eligible for:
- 401(k) with up to 4% company match.
- Company-paid life insurance and long-term disability insurance.
- Affordable short-term disability and supplemental insurance options.
- Affordable health, vision, and dental options that provide great coverage.
- Flex plans for medical and daycare expenses
- Nine paid holidays
- Paid Sick and Vacation Banks accrue based on tenure and hours worked-available to all employees
