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Financial Operations Specialist

2 months ago


Camden New Jersey, United States The Michaels Organization Full time
Job Summary

We are seeking a highly skilled Financial Operations Specialist to join our team at The Michaels Organization. As a key member of our financial operations team, you will be responsible for ensuring the accuracy and timeliness of financial transactions related to our housing programs.

Key Responsibilities
  • Review and correct tenant ledgers to ensure accurate billing for a specific portfolio of properties.
  • Submit monthly HAP billing for said portfolio and reconcile billing submissions.
  • Act as support staff for field office staff, providing assistance with data entry issues and HUD procedural questions.
  • Transmit TRACS for properties in their portfolio monthly.
  • Track completion of signature requirements concerning Gross Rent HUD-50059's.
  • Assist site staff with various aspects of their duties related to tenant scheduled billing and accurate account of resident ledgers.
  • Explain tenant balances to managers who are not proficient with reading ledgers.
  • Review all HUD-50059 certifications for accuracy of billing in software.
  • Reconcile several general accounts regularly.
  • Process monthly HAP billings (vouchers) – takes approximately 5-7 days per month.
  • Handle the return of utility reimbursement checks from the sites.
  • Reconcile voucher submissions monthly.
  • Post and distribute HAP payments received via wire transmission.
  • Create bank deposits for said HAP payments.
  • Respond to any TRACS errors generated.
  • Maintain minimum 90% TRACS compliance percentage.
  • Respond to Contract Administrator questions/requests concerning voucher/tenant data.
  • Open/sort/organize daily mail.
Requirements
  • Minimum of two years experience in a similar position.
  • A background in the banking or similar industry is highly desirable.
  • Prior Affordable Housing experience as well as knowledge of Affordable Housing Programs is a plus.
  • High School Diploma required.
  • COS and Tax Credit certifications beneficial not required.
  • Ability to work well with others; excellent listening skills.
  • Excellent mathematical and organizational skills.
  • Ability to maintain good relationships with field staff.
  • Good time management skills.
  • Basic accounting knowledge.