Accounting Manager in Memphis, Tennessee at ALCO Management

SUMMARY OF POSITION

The Accounting Manager leads ALCO’s property accounting operations, ensuring all financial activities are accurate, timely, and compliant. This role oversees the Property Accounting team—providing direction, mentorship, and technical guidance to ensure excellence in monthly close processes, reconciliations, reporting, and audits.

This position is ideal for a detail-oriented accounting professional with property management experience who thrives in a collaborative, fast-paced environment and values both precision and purpose.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Financial Oversight

• Review monthly financial statements, reconciliations, and workpapers prepared by the Property Accounting team.

• Oversee month-end close to ensure deadlines are consistently met.

• Review General Ledger and Gross Potential Rent Reports for accuracy against Affordable Vacancy Reports.

• Approve and review monthly bank reconciliations and quarterly account reconciliations for each property.

• Ensure external reports and regulatory submissions are completed accurately and on time.

Leadership & Team Development

• Supervise and mentor Senior Property Accountants, Property Accountants, and Accounting Assistants.

• Provide clear direction, feedback, and professional development opportunities to strengthen team performance.

• Lead the continual improvement of accounting procedures, templates, and training for new team members.

Collaboration & Communication

• Partner with Community Managers, Regional Property Managers, and Operations leadership to resolve accounting issues.

• Coordinate with Acquisitions & Development teams to support accounting during property transitions, sales, and rehabs.

• Collaborate across departments to promote accurate financial tracking and reporting.

Reporting & Compliance

• Review cash flow reports and surplus cash calculations for investor and ownership distributions.

• Assist with or review replacement reserve draw requests.

• Support Director of Accounting during annual audits and provide accurate, timely responses to auditor requests.

• Identify process improvements and implement best practices to strengthen efficiency and internal controls.

• Perform other related duties and special projects as assigned to support departmental and organizational goals.

WORK ENVIRONMENT

The Accounting Manager leads ALCO’s property accounting operations and oversees the Property Accounting team in a collaborative, fast-paced environment. This position requires a detail-oriented accounting professional who values both precision and purpose while providing direction, mentorship, and technical guidance to the accounting team.

KNOWLEDGE & SKILL REQUIREMENTS

• Bachelor's degree in Accounting, Finance, or a related field required.

• Minimum 3–5 years of accounting experience; property management or affordable housing experience preferred.

• Strong understanding of GAAP and property accounting; experience with LIHTC or HUD programs is a plus.

• Advanced Excel and Microsoft Office proficiency; Yardi Voyager experience is a plus.

• Proven ability to supervise, coach, and develop team members.

• Analytical, organized, detail-oriented, and highly collaborative.

Compensation & Benefits

The salary range for this position is $90,000 – $100,000 annually. Final compensation will be determined based on experience, qualifications, certifications, geographic considerations where applicable, and internal equity.

In addition to base pay, eligible team members may participate in performance-based incentives where applicable.

ALCO offers a competitive benefits package including medical, dental, and vision coverage; company-paid life and disability insurance; 401(k) with company contribution; paid time off; and paid holidays.

Pre-Employment Requirements:

All offers of employment are contingent upon successful completion of a background check and drug screening, in accordance with ALCO’s policies and applicable law.

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ALCO Management is committed to building a team that reflects the communities we serve. We welcome candidates from all backgrounds and experiences. Every qualified applicant will receive consideration for employment without regard to race, color, ethnicity, national origin, ancestry, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, age, marital status, disability, genetic information, military or veteran status, or any other characteristic protected under federal, state, or local law.

ALCO reserves the right to adjust responsibilities and expectations based on business needs. Candidates may be required to complete assessments, background checks, and reference checks as part of the hiring process. By applying, you acknowledge that you have reviewed the role, understand the expectations, and consent to be contacted using the information you provide.

No Search Firms:

ALCO Management does not accept unsolicited resumes or candidate submissions from search firms or recruiting agencies. Submissions made without a current written agreement with ALCO will not create an obligation for payment of any fees, including if the candidate is hired.*

Pre-Employment Requirements:
All offers of employment are contingent upon successful completion of a background check and drug screening, in accordance with ALCO’s policies and applicable law.
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ALCO Management is committed to building a team that reflects the communities we serve. We welcome candidates from all backgrounds and experiences. Every qualified applicant will receive consideration for employment without regard to race, color, ethnicity, national origin, ancestry, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, age, marital status, disability, genetic information, military or veteran status, or any other characteristic protected under federal, state, or local law.

ALCO reserves the right to adjust responsibilities and expectations based on business needs. Candidates may be required to complete assessments, background checks, and reference checks as part of the hiring process. By applying, you acknowledge that you have reviewed the role, understand the expectations, and consent to be contacted using the information you provide.

No Search Firms:
ALCO Management does not accept unsolicited resumes or candidate submissions from search firms or recruiting agencies. Submissions made without a current written agreement with ALCO will not create an obligation for payment of any fees, including if the candidate is hired.