JOB SUMMARY
Responsible for the general accounting and financial control functions of the organization and/or any ancillary/subsidiary organizations/projects that are directed or closely supervised by the organization. , and the preparation of reports and statistics reflecting earnings, profits, cash balances, and other financial results for the assigned Programs, Funds, General Ledger accounts and/or Activities. Implements HUD-approved requirements and Generally Accepted Accounting Principles (GAAP) to ensure that financial and operational reports accurately reflect the condition of the business and provide reliable information necessary to control operations. The incumbent may supervise and train other staff. This position reports directly to the Accounting Supervisor.
This position is responsible and accountable for the accuracy and correctness of financial information and timeliness of presentation of information.
ESSENTIAL FUNCTIONS
1. Oversees the General Ledgers for one or more of the organization’s programs, including but not necessarily limited to: Low Income Public Housing, HAP, Capital Fund, Hope VI, Development, ROSS, State and City programs, Real Estate Development projects, ancillary/subsidiary organizations, other. Each Accountant will be responsible for multiplefunds and/or grants.
2. Implements general accounting, property accounting, budgeting, and internal control protocols to ensure that transactions are recorded in accordance with GAAP, HUD-requirements and the financial requirements established by the Vice President of Finance.
3. Interprets operating results as they affect the financial aspects of the Authority and makes specific recommendations to the Accounting Supervisor which will result in cost reduction and profit improvement.
4. Monitor accounts for the correct and accurate accounting classifications of all expenditures and documents, including capital and others.
5. Assists the Accounting Supervisor and Vice President of Finance in preparing for all HUD and independent audits.
6. Assists in the preparation of statistics for periodic and yearly financial statements, including the preparation of charts and graphs showing progress, conditions, and results.
7. Assists the VP of Finance and the I.T. department in the design and implementation of accounting-related computer applications.
8. Prepare a variety of regular and special reports and analyses as needed by the organization.
9. Process accounts payable
10. Prepare cost allocations
11. Prepare and process non-routing transactions.
12. Prepare and review journal entries.
13. Perform bank reconciliations.
14. Closes general ledgers.
15. Prepare and issue required monthly, quarterly and year-end financial statements, prepare and analyze budget to actual reports, analyze and reconcile accounts and comments on significant variances or trends.
16. Work closely with the operating departments on the preparation of operating, capital, development, and/or cash budgets to issue periodic cost center operating statements. Develop recommendations to maintain budget controls.
17. Carrying out the organization’s accounting policies and or ensuring compliance with, assisting other departments in forecasting personnel and financial needs, accelerating cash receipts and controlling disbursements, overseeing bank balances, maintaining lines of credit and banking relationships, recommending investment vehicles (and coordinating cash needs with investments), establishing and maintaining credit and collection procedures, and evaluating and implementing computerized accounting system
18. Prepare and/or review a variety of federal and state tax returns and/or reports as required.
19. Assists the Accounting Supervisor in reviewing the organization’s accounting and administrative methods, systems, controls, and policies and recommends improvements to increase overall effectiveness.
20. Maintains a high level of expertise in the field of housing, HAP and Real Estate accounting as required.
21. Outlines and monitors cash-flow.
22. If required, prepare all information for LOCCS drawdowns and serves as backup to the LOCCS Officer for all HUD grant programs (CGP, PHDEP, etc.). Draws down funds
23. Performs other related duties as assigned.
EDUCATION
· Bachelor’s degree in accounting, finance or related field.
· A minimum of four (4) years of experience as an Accountant, ideally gained through employment at a public housing authority.
· Familiar with HUD and or governmental accounting practices.
· Experience with processing Accounts Payable, Revenue Collection, Journal Entry Processing, General Ledger reviews, Budget preparation and monitoring, Financial Statement preparation and review.
· Working knowledge of manual and automated computer systems, well-developed financial analysis capabilities, and demonstrated ability to manage microcomputer operations and applications.
· Sound administrative skills.
· Excellent communication skills, written and verbal.
· Hands on experience using a personal computer system and Microsoft programs.
CHARACTERISTICS
· High energy level, comfortable performing multifaceted projects in conjunction with normal activities.
· Strong analytical and reasoning abilities.
· Superior numeric skills.
· Well organized.
· Well-developed interpersonal skills.
· Ability to establish credibility and be decisive, but able to recognize and support the organization’s preference and priorities.
Disclaimer
This job description is intended to describe the general nature and level of work performed by employees assigned to this position. It is not intended to be an exhaustive list of all duties, responsibilities, or qualifications required. Management reserves the right to revise or assign additional duties as needed.