Fiscal Analyst for the Asset Resolution and Portfolio Analysis Unit

1 month ago


New York, United States City of New York Full time

Job Description

The New York City Department of Housing Preservation (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the citys neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love.

- We maintain building and resident safety and health

- We create opportunities for New Yorkers through housing affordability

- We engage New Yorkers to build and sustain neighborhood strength and diversity.

HPD is entrusted with fulfilling these objectives through the goals and strategies of Housing Our Neighbors: A Blueprint for Housing and Homelessness, Mayor Adams comprehensive housing framework. To support this important work, the administration has committed $5 billion in new capital funding, bringing the 10-year planned investment in housing to $22 billion the largest in the citys history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York Citys complex housing crisis, by addressing homelessness and housing instability, promoting economic stability and mobility, increasing homeownership opportunities, improving health and safety, and increasing opportunities for equitable growth.

________________________________________

Your Team:

The Office of Asset and Property Management (APM) leads the agencys effort to protect the Citys affordable housing investment and ensure that these properties remain affordable and both financially and physically viable over the long-term. APM actively monitors the performance and regulatory compliance of City-sponsored projects and City-supervised Mitchell-Lama projects and manages the City-owned inventory of properties.

APM includes the Divisions of Asset Management, Housing Supervision, Co-op Readiness & Technical Services, APM Strategic Initiatives.

The Fiscal Analyst will be a member of the Asset Resolution and Portfolio Analysis unit that is responsible for providing key support services to APM, it provides skilled financial services, including critical mortgage- and accounting-related tasks that generate revenue for the City and protect the value of the Citys existing assets.

Your Impact:

As a Fiscal Analyst in the Asset Resolution and Portfolio Analysis unit within APM, you will help the compliance of the agency in the finance set forth in City Resolutions and Regulatory Agreements with housing properties, especially the tax benefits defined as Gross Rent Tax or a Shelter Rent Tax, in addition to interpreting and implementing complex City Resolutions on property taxes for the buildings in your portfolio.

Your Role:

Your role will include but are not limited to review audited financial statements, tax bills and other financial analysis. In addition to calculating taxes, preparing periodic reports and annual budget to the Department of Finance on property taxes of your portfolio. You will offer consulting services to HPDs Development Department on effective structuring of various tax benefits. You will also occasionally provide accounting training to various units in the APM department.

This position reports to the Director of the Asset Resolution and Portfolio Analysis unit.

Your Responsibilities:

The selected candidate will better ensure the accuracy of property taxes owed to the City by proactively researching and confirming revenue streams and compliance of properties receiving partial tax exemptions.

1. Collect appropriate documentation to value tax exemptions.

2. Review property records available via NYC Department of Finance (DOF), Department of Buildings (DOB) and Department of Environmental Protection (DEP).

3. Respond to inquiries about tax calculations from DOF, taxpayers and their representatives, in a timely manner

4. Work collaboratively with units across the agency to ensure exemptions are implemented as intended

5. Maintain meticulous records that track correspondence with stakeholders, as well as the methodology and outcome of financial analysis

The candidate will

1. Draft reports detailing observations gleamed from the auditing of processes and or financial records:

2. Verify the accuracy of digitized financial statements: and

3. Prepare financial analysis as needed

To support the service providing aims of the Asset Resolution and Portfolio Analysis unit, the selected candidate will

1. Provide accounting and auditing expertise to staffers and programs under the direction of the Director

2. Conduct formal and informal trainings to staffers within APM

3. Prepare reports, presentations, and written correspondence regarding the units accounting-related services; and

4. Work on special projects and analysis as needed

Preferred Skills:

Candidates must have strong quantitative analysis and logical thinking skills. Candidates must be detail-oriented and self-motivated. Preferred candidates should also demonstrate:

- Ability to perform financial analysis using financial and accounting principles

- High level of technical proficiency with Excel and other MS Office programs

- Ability to communicate clearly and effectively, both verbally and in writing

- Familiarity with real estate concepts related to property transactions, taxes, and finance.

Qualifications

1. A baccalaureate degree from an accredited college including or supplemented by 24 credits in accounting, including one course each in advanced accounting, auditing, and cost accounting and four years of satisfactory full-time professional accounting or auditing experience, at least 18 months of which must have been in an administrative, managerial, or executive capacity or supervising a staff performing accounting or auditing work; or

2. A valid New York State Certified Public Accountant license and at least 18 months of satisfactory full-time professional accounting or auditing experience in an administrative, managerial or executive capacity or supervising a staff performing accounting or auditing work.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.


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