SENIOR ACCOUNTANT

Location: Hybrid (On-site presence required in Indianapolis, Indiana)


Employment Type: 1099 Contractor, Project-Based (12–18 months)


Reports To: Project Manager / Engagement Director


IBS Management & Consultancy Services is an independent accounting, financial management, and consulting firm supporting clients across the public and nonprofit sectors. With a reputation for excellence in financial recovery, audit readiness, and performance improvement, IBS is currently leading the forensic financial reconstruction and accounting stabilization efforts for a public housing authority in Indianapolis.


We are seeking a Senior Accountant to join our project team and play a leadership role in rebuilding financial records, overseeing current operations, and ensuring HUD compliance.


Position Summary:

The Senior Accountant will be responsible for reconstructing general ledger activity across multiple fiscal years, preparing accurate and compliant financial statements, supporting ongoing operations, and ensuring the agency is audit-ready. This role requires expertise in public housing accounting, HUD compliance, and financial systems recovery.


KEY RESPONSIBILITIES

  • Lead the forensic reconstruction of general ledger activity for prior and current fiscal years.
  • Prepare and review journal entries, month-end reconciliations, and supporting schedules in compliance with GAAP and GASB.
  • Analyze third-party financial documents to create structured, defensible audit trails.
  • Support monthly bank reconciliations, research discrepancies, and recommend corrective actions.
  • Develop monthly and annual financial statements consistent with HUD and FDS reporting requirements.
  • Supervise and mentor staff accountants and analysts supporting the engagement.
  • Perform budget-to-actual variance analysis and assist in budget development.
  • Reconcile rent rolls, Housing Choice Voucher HAP activity, and VMS data.
  • Review and interpret grant agreements, audit reports, and financial covenants.
  • Coordinate with auditors and stakeholders to finalize audit-ready financials.
  • Monitor compliance with HUD regulations and other federal, state, and local financial reporting requirements.
  • Identify and implement improvements to accounting, reporting, and internal control processes.
  • Ensure the accuracy and integrity of financial data, including GL, A/P, A/R, and payroll.
  • Oversee or support the annual Public Housing Operating Subsidy submission process.
  • Collaborate with stakeholders to manage HAP disbursements and compliance milestones.
  • Document procedures and maintain organized records to support financial transparency and recovery.

REQUIREMENTS

  • Bachelor’s degree in Accounting, Finance, or related field (CPA or CPA candidate strongly preferred).
  • Minimum of 5 years of progressive accounting experience, including supervisory responsibilities.
  • Prior experience supporting a Public Housing Authority is required.
  • In-depth knowledge of GAAP, GASB, HUD accounting handbooks, and federal grant regulations.
  • Proficiency in financial systems such as Oracle, PeopleSoft, Emphasys Elite, and Yardi.
  • Familiarity with HUD reporting systems (FDS, VMS, eLOCCS) is strongly preferred.
  • Experience preparing public housing budgets and subsidy requests.
  • Knowledge of public housing operations, including HCV programs, real estate financing, and capital grants.
  • Strong analytical, documentation, and communication skills.

OTHER

  • Excellent communication and interpersonal skills
  • Ability to work independently and as part of a team
  • Strong analytical and problem-solving skills
  • Ability to work under pressure and meet deadlines

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