Comptroller

Volunteers of America Southeast Louisiana Inc•New Orleans, LA

51d

About The Position

The Comptroller will handle high-level accounting, managerial accounting, and oversee the financial activities of the subsidiary Renaissance Neighborhood Development Company (RNDC). As head of RNDC accounting, The Comptroller will be responsible for the accurate financial analysis and audit readiness for multiple affordable rental housing properties in various stages of our development, including those in pre-development and construction as well as our stabilized portfolio of properties working alongside RNDC’s Finance and Accounting Manager. Under the general direction of the Chief Financial Officer, the Comptroller advances the mission of RNDC through the fulfillment of its strategic plan and the continued growth of our housing portfolio.

Requirements

Bachelor’s degree in accounting
Minimum five years’ experience in Accounting/Finance, with affordable housing, and Tax Credit experience preferred
Management experience
Interpersonal skills necessary to effectively delegate, manage and motivate other employees
Sound and accurate judgment with an ability to support and explain reasoning for decisions
Good vendor management skills, including negotiating skills and ability to influence as needed
Strong oral and written communication skills
Experience using property management accounting system software. YARDI experience preferred
Office including Outlook, Word, and Excel
Ability to work flexible hours
Includes appropriate people in the decision-making process; and ensure timely decisions are made.
Team-building skills to encourage collaboration and communication amongst key internal & external partners.

Responsibilities

Engage with Development Directors during finance closings
Supervise proper flow of funds during development and initial operations
Review the recording of monthly construction draws for timely payment of contractors
Ensure conditions of financial transactions are fulfilled during project development period
Maintain effective relationships with lenders and funders
Minimize tax liability in connection with for-profit transactions
Review monthly property operating reports (YARDI) and work with Property Management Director to take corrective actions
Maintain books for General Partner entities
Supervise and coordinate the day to day accounting functions
Review monthly financial statements and reconciliations
Review reconciliations for multiple bank accounts
Oversee Accounting and Finance Manager
Review replacement reserve withdrawal requests based on Partnership documents
Track and prepare summaries of project costs incurred in pre-development.
Prepare forecasts and advise of impacts to year-end audit from projects in development
Create cost certifications at completion of developments
Manage annual project audits
Interface with VOASELA Auditor for annual audits of RNDC
Supervise the set up of bank accounts; ensure project cash accounts are reconciled
Prepare 13 Week Cash Forecast on a biweekly basis
Review and submit annual RNDC operating budgets
Maintain three-year cash flow projection
Primary reporting to VOASELA Chief Financial Officer
Support CFO in providing regular updates to Boards of Directors
Review/submit any necessary periodic financial reports for project funders
Respond to ongoing financial questions from lenders and funders