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This role involves managing the financial aspects of a portfolio of affordable housing properties, ensuring compliance, and preparing detailed financial reports. The ideal candidate will play a crucial role in maintaining the financial health of each property and collaborating with various stakeholders to support overall operations.
Job Responsibility:
Monitor compliance with regulatory agreements, lender requirements, and project contracts across all subsidiary entities
Evaluate and manage relationships with third-party property management companies, ensuring performance aligns with organizational goals
Oversee tax compliance and exemptions for entities while maintaining accurate records and databases for entity dissolution when necessary
Prepare and review quarterly financial statements, annual reports, audits, and submissions required by government agencies, lenders, and syndicators
Ensure proper allocation and usage of reserves in accordance with partnership agreements and regulatory guidelines
Collaborate with the Senior Controller to develop annual operating budgets and analyze monthly operational expenses and rental income for trends or discrepancies
Verify insurance coverage meets lender and regulatory requirements, addressing any gaps as needed
Coordinate resolution of property violations, such as building codes, elevator, or boiler issues, in partnership with facilities and third-party management
Develop and implement policies and procedures for property accounting and asset management to optimize operational efficiency
Assist in the financial analysis of leased properties as required