Director of Financial Management

Delaware State Housing Authority • Dover, DE

7d • $81,591

About The Position

The primary purpose of this position is to direct various financial plans, including total capital and operating budgets, revenues, expenses, banking, cash flow, short-term investments, and bond issuance as well as agency financial transactions and reporting. The incumbent works closely with division leadership and other local, state, and federal agencies. The Director of Financial Management follows and enforces compliance with contracts, policies, and procedures. The position duties and responsibilities listed below describe the general nature and scope of work. Other responsibilities, duties, and skills may be required and assigned, as needed.

Requirements

• Knowledge of the general operations and procedures of DSHA, HUD, Federal, and State programs and properties.
• Ability to orient other employees and to explain organizational policies, rules regulations, and procedures.
• Extensive working knowledge of Generally Accepted Accounting Principles (GAAP), Government Accounting Principles, Board Statements, Low-Income Housing Tax Credit regulations, and federal grant management policies and practices
• Extensive experience and ability in operating and managing automated financial computer software
• Knowledge of economic principles and their application in public finance policy development and bond issuance analysis.
• Knowledge of capital markets, conditions, trends, debt instruments, and impacts of Federal legislative initiatives.
• Knowledge of the application of various financial computer software systems in the analysis of bond issues and economic conditions.
• Knowledge of the principles and procedures of mortgage loan processing, underwriting and servicing.
• Knowledge of the principles and practices of planning, developing, implementing and evaluating housing finance programs.
• Knowledge of the principles and practices of supervision.
• Skill in cash flow analysis and projections.
• Ability to interpret economic, financial and legislative issues, analyze trends and recommend courses of action.
• Ability to plan, develop, implement and evaluate housing finance programs.
• Ability to analyze, evaluate, develop and implement policies, procedures, and operational changes, etc.
• Ability to communicate effectively both orally and in writing.
• Ability to establish and maintain effective working relationships with state and federal officials, mortgage lenders, realtors, underwriters, syndicators, banks, bond/tax counsels, contractors, lawyers, auditors, financial advisors, developers, bond trustees, the public and subordinates.
• Bachelor's Degree in Business Administration, Accounting or Finance, or related field, and a minimum of seven (7) years of experience in financial management experience with day-to-day financial operations of a large organization, preferably in public housing industry.
• An equivalent combination of education and experience may be considered.
• THIS POSITION REQUIRES THE SUCCESSFUL COMPLETION OF A CRIMINAL BACKGROUND SCREENING AND A VALID DRIVERS LICENSE.

Responsibilities

• Directs all accounting operations including general ledger, accounts payable/receivable, payroll, and grants.
• Directs the analysis, formulation, and integration of DSHA’s accounting and financial management programs.
• Develops and implements methods for program evaluation.
• Oversees development of multi-year plans/programs.
• Works with departmental, executive, and legislative officials to explain financial plans and issues.
• Provides planning, budgetary, and management expertise to executives, administration and operations managers, and others based on business needs.
• Directs and participates in the development and administration of Agency Department budgets; directs the forecast of additional funds needed for staffing, equipment, and supplies; directs the monitoring of and approves expenditures; directs and implements budgetary.
• Directs preparation of the required monthly, quarterly, semi-annual and annual financial reports for submittal to the U. S. Department of Housing and Urban Development and other regulatory agencies.
• Monitors and oversees day-to-day accounting operations including accounts payable, accounts receivable, payroll, and general ledger activities to ensure accuracy, timeliness, and compliance with organizational policies and GAAP standards.
• Performs other related duties as assigned.

Benefits

• These include up to 15 vacation days and 15 sick day leave accrual, up to 13 paid holidays a year, liberal retirement benefits, immediate access to paid health, short- and long-term disability, and life insurance plans and voluntary dental, vision, and various supplemental benefit options.

What This Job Offers

• Job Type: Full-time
• Career Level: Director