Essential Job Functions
Organize and manage project requirements, including document submission for loan draws, capital disbursement requirements, and surplus cash calculation. Manage the construction accounting and reporting functions and facilitate the transition to production accounting. Work with Development Team and Design and Construction Team through all phases of a project from initial concept to service date. Gather and organize required documents for the initial HUD audit and 8609 Tax Credit Cost Certification filings for new LIHTC construction. Responsible for assimilating new properties into the CMHA’s portfolio through new construction and acquisitions. Implement accounting procedures and systems for new projects to ensure proper controls and reporting are in place.
Manages and supervises all assigned employees (e.g., gives tasks; recommends the hiring of job applicants; recommends discipline; receives grievances or employee complaints; attends or participates in meetings in which policy questions are reviewed or discussed; develops and implements policy; recommends policy changes; has access to financial data used in monitoring department revenue/income, etc.); reviews work for accuracy and conformance to accounting standards.
Prepares monthly reports for internal meetings that pertain to budget, expense review, and annual performance of properties; reviews and analyzes financial information provided by Third Party Management Accountants for accuracy and completeness, to include giving feedback and correcting entries; prepares and examines accounting records, including financial statements and other financial reports to assess accuracy, completeness, and conformance to standards defined within the department; oversees, reviews, and reports General Ledger activity ensuring accurate coding by reviewing supporting schedules that detail administrative and maintenance expenses; reviews, approves, and prepares assigned account reconciliations and journal entries; works closely with other section supervisors to ensure that input into General Ledger is fulfilling the Authority’s needs; maintains accounting controls by following policies and procedures and ensuring compliance with federal, state, and local financial legal requirements.
Qualifications
Possession of a Bachelor’s degree from an accredited college or
university in Accounting, Finance, or related field; six (6) or more years of
related experience and/or training; or any equivalent combination of education,
experience, and/or training in the affordable housing industry, specifically
LIHTC projects involving 8609 Tax Credit Cost Certification filings and
HUD audits.
Essential Knowledge and Training
Knowledge of generally accepted accounting principles (GAAP); Low Income Housing Tax Credit (LIHTC) including 8609 Tax Credit Cost Certification filings and HUD audits; RAD (Rental Assistance Demonstration); basic accounting; finance; budgeting; office practices and procedures; *Agency/department goals and objectives; *Agency/department policies and procedures; workplace safety practices and strategies; *personnel rules and regulations; supervisory principles and practices; computer software; community resources and services; office management; government structure and process; government grant programs; state, federal, and local laws and/or regulations; employee training and development; local geographical area; English grammar and spelling; the relationship of Public Housing Authority’s to other federal, state, and local jurisdictions and their abilities to provide funds or additional support to the Authority; pertinent HUD regulations; federal, state, and local laws and regulations pertaining to public housing authorities.
Job Summary
This position is responsible for organizing and managing medium to large projects (including LIHTC) requirements that apply to the Finance Department. Review project’s Permanent File such as Operating Agreement, Management Agreement, Loan Agreement, and Pro Forma. Prepares monthly financial statements and other economic analyses for approval by the Controller; ensures correct information on monthly Board report before submittal to the Controller.