Accounting Manager - Mixed Finance

Oakland Housing Authority • Oakland, CA

9h

About The Position

Under the general direction of the Assistant Director of Finance Operations or his/her designee, this position is responsible for managing the Mixed Finance financial operations. Analyzes, develops, and recommends improvements to the Authority’s enterprise resource planning system. Assists in the development and interpretation of finance and accounting policies and procedures. This position is also responsible for compliance with regulatory requirements. May exercise supervision. This position is responsible for all essential functions that are related to the Agency’s Mixed Finance financial activities. Incumbents in this classification perform a variety of finance and accounting tasks involving complex governmental accounting and reporting processes. May exercise direct supervision over professional and/or administrative staff.

Requirements

• Demonstrate knowledge and experience in real estate development, activities, Low Income Housing Tax Credits (LIHTC), Tax-Exempt Bonds, Department of Housing and Community Development (HCD), California Housing Finance Agency (CalHFA), and Department of Housing and Urban Development (HUD).
• Generally accepted government accounting principles and associated laws and regulations.
• Generally accepted government audit standards, practices, and the contents of the Government Auditing Standards issued by the General Accounting Office.
• Advanced governmental accounting theory, practice, and financial statements preparation, as well as fund management.
• Internal controls, including their purpose and limitations; how to perform reviews and evaluations of internal controls; how to perform risk assessments; how to design and implement control procedures.
• Operation and maintenance of automated financial enterprise systems and their use in financial management, control, and reporting, particularly as it relates to the general ledger and associated subsidiary ledgers, and fixed asset control.
• Principles of governmental data processing as related to the processing of accounting and budgetary information and the interpretation of input/output documents.
• Principles of budgetary preparation, administration, and control.
• Laws and regulations related to the Authority’s fiscal operations, including those of HUD.
• Principles and practices of effective employee supervision, training, and performance evaluation.
• Implement GASB Statements and new HUD guidance and update.
• Evaluate internal controls and recommend and implement effective control procedures.
• Analyze, interpret and evaluate complex financial data and develop appropriate solutions.
• Prepare clear, concise and complete financial reports and other written materials.
• Plan, organize, direct, and evaluate the work of accounting and finance professionals.
• Supervise, train, and evaluate staff performance.
• Establish and maintain effective working relationships with others.
• A bachelor's degree from an accredited college or university with major course work in finance, accounting, public administration, business administration, or a related field.
• Seven (7) years of experience of a progressively responsible nature in accounting, auditing, and financial work, including implementing accounting systems.
• Three years in a supervisory role or management role.
• Possession of, or ability to obtain, a valid California driver’s license and an insurable driving record.

Responsibilities

• Plans, organizes, and manages the activities of the Mixed Finance division, including developing and implementing the division's goals, objectives, initiatives, policies, and procedures, and setting priorities.
• Responsible for budgetary, financial accounting functions, and the expenditure of funds related to mixed finance and other special projects.
• Oversees and provides guidance on all financial aspects of the pre-development, rehabilitation, and construction process and activities of the mixed finance properties and affiliate entities, including job cost accounting and financial reporting structures set up.
• Responsible for the preparation of mixed finance entities’ ad-hoc financial reports and the financial reports as mandated by the U.S. Department of Housing and Urban Development (HUD), including the related areas of the Agency’s Annual Comprehensive Financial Report (ACFR).
• Responsible for both internal and external audits for the affiliate entities, including gathering information from various departments, facilitating the annual financial audits, and filing tax returns as required.
• Reviews the draft audited financial statements of the discrete component units (DCUs) to ensure accuracy.
• Prepares closing journal entries at various stages of asset acquisition, conversion, construction close-out, demolition, or asset liquidation.
• Ensures the accuracy and timeliness of using the HUD LOCC system or other defined lender or investor systems to obtain reimbursement for expenditures.
• Prepares the monthly operating expense reimbursement payment requests to the DCUs.
• Prepares all operating subsidy calculations and the reconciliation of mixed finance and special project accounts.
• Coordinates mixed finance financial activities with the Office of Real Estate Development and the Asset Management departments.
• Provides support and training to other team members in the Finance department as required. Assists with the ongoing professional development of Finance staff, including direct mentorship with a focus on the development necessary to advance.
• May plan, organize, and provide direct supervision of professional and accounting staff assigned to the division; reviews workload, schedules, project status, and personnel availability for assignments.
• Performs special projects and other related work as assigned.

Benefits

• Sick leave accrued at the rate of one day per month.
• Vacation leave accrued at the rate of 10 days each year for new employees.
• Fourteen (14) paid holidays each year.
• Retirement through the Public Employees' Retirement System (PERS).
• Participation in Social Security.
• Competitive health, dental, and vision insurance.
• Group life insurance fully paid by the Authority.
• Management benefit package allowance for management, supervisory, professional and confidential employees.
• Five days of administrative leave per year for management, supervisory, professional and confidential employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 101-250 employees