Full Time Job Development Financial Manager

4 weeks ago

Cincinnati, United States Infojini Full time
Job DescriptionJob Description

Job Title - Development Financial Manager

Location - Cincinnati, OH

Role - Full time permanent

 

The Financial Manager of Development will provide guidance and supervision to the Financial Analyst through the lender underwriting process by helping to build the Total Development Budget and Operating Proformas for each project, as well as collaborate with the development team and executive management to structure and negotiate terms of funding sources. During the Development phase this position will work closely with the Finance & Accounting Department to ensure that all transactions are recorded correctly in both the project entity and CMHA’s accounting systems and financial statements.

 

ESSENTIAL DUTIES AND RESPONSIBILITIES:-  

The below statements are intended to describe the general nature and scope of work being performed by this position.

This is not a complete listing of all responsibilities, duties and/or skills required.

 

• Provide guidance and supervision of the Financial Analyst employee/s for the financial funding of projects in Construction/Development phase, many of  which will simultaneously be in the operations phase.

• Supervise the Financial Analyst employee who perform financial reporting and budgeting in Construction/Development phase.

• Collaborate with CMHA Property Management, Procurement, Legal, Finance & Accounting, Real Estate Construction, Compliance and Relocation departments to coordinate costs, compliance/reporting, and timing of

funding delivery for each project.

• Understand and collaborate with executive management to structure and negotiate agreeable terms with partners, investors and lenders.

• Manage CMHA’s partnership commitments regarding Reserve Accounts for entities and approval of capital expenditures.

• Monitor financial details to ensure that lender requirements are met.

• Review financial reports to improve budgeting and planning.

• Analyze financial statements in order to prepare business activity reports and forecasts.

• Analyze public housing portfolio in order to optimize conversion to Section 8 funding platform.

• Participate as member of management team to make financial decisions.

• Direct Financial Analyst during development of construction budget and structuring funding, ensuring  underwriting and loan closeout processes.

• Establish and maintain relationships in order to communicate and interact with outside parties, including but not limited to lenders, lawyers, professional tax preparers and independent auditors.

• Perform additional duties as assigned.

 

QUALIFICATIONS:-

 

To perform this job successfully, an individual must be able to perform each competency satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

 

DESIRED QUALIFICATIONS:-

 

• Ability to understand and implement both HUD and IRS regulations.

• Ability to evaluate data and financial information affecting each entity.

• Demonstrated ability to explain and justify complex financial transactions.

• Strong interpersonal skills with demonstrated ability to interact effectively with internal and external stakeholders.

• Demonstrated ability to understand and negotiate terms with partners, investors and/or lenders.

• Experience in reviewing financial statements for reasonableness and examine transactions in depth.

• Ability to understand complex legal documents.

• Experience dealing with a large range of information and documents requires effective organizational skills 

• Demonstrated experience with various accounting software (ie. Quickbooks, Oracle, SAP, Yardi, Emphasis Elite).

• Experience in the development of subordinates through coaching and mentoring.

• Proficiency in Microsoft Word and Powerpoint. 

• Advanced proficiency in Excel, and willingness to learn Excel and financial modeling.

 

EDUCATION/EXPERIENCE/CERTIFICATIONS:

 

• Bachelor’s degree in finance, Accounting, Economics, Business Administration, Real Estate, Urban Planning or Other related field; a Master’s degree, Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) licensure is a plus.

• Five (5) to Seven (7) years senior level experience in finance or accounting industry regulated by Generally Accepted Accounting Principles (GAAP) and Internal Revenue Code (IRS).

• Three ( 3) to Five (5) years senior experience in HUD financial reporting standards and regulations.

• Experience in structuring Real Estate development projects with certification of skill level.

 

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to maintain a stationary position, operate computers and other office equipment, move about the office, attend onsite and offsite meetings, and communicate. The employee must be able to sit or stand for eight hours while performing essential work duties. The employee must be able

to accurately exchange information in person, in writing and via e-mail and telephone. The employee must be able to perform essential job functions in an environment that could have increased stress levels.

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