Finance Director

Asociacion Puertorriquenos En Marcha Inc•Philadelphia, PA

152d•Onsite

About The Position

The Finance Director reports to the Chief Financial Officer (CFO) and performs accounting duties of moderate to difficult complexity, such as Low-Income Housing Tax Credits (LIHTC), coordinating all fiscal activities to ensure projects are completed timely and accurately, ensuring accuracy of fiscal reports, supervising personnel, preparing agency financial reports and budgets, assisting the CFO as requested, and performing related work as assigned.

Requirements

Bachelor's degree in Accounting or related field
4 years of accounting experience with increased responsibility during the term of employment
A minimum of 2 years of experience in community development, affordable housing or related field, preferably nonprofit sector.
Knowledge of basic governmental accounting procedures and practices.
Strong understanding of and experience with community development financial programs, including but not limited to LIHTC and federal and state tax credit and subsidy programs.
Strong work ethic, attention to detail, integrity, and pride in work product.
Knowledge of generally accepted accounting principles (GAAP) and practices.
Basic knowledge in nonprofit and government accounting and auditing standards (GAAS).
Excellent computer skills with knowledge of Property Management software and Microsoft Office Suite.
Effective written and oral communication skills.
FBI fingerprints, Child Abuse History Clearance, and Criminal History Clearance

Responsibilities

Generates reports for CFO, including monthly, quarterly and annual reports and the financial statements.
Prepare, evaluate and update financial accounting policies and procedures manual, including payroll, cash disbursement and receipts, among others. Overseeing and periodic review of internal controls and company policy to ensure compliance with Federal, State and City regulations.
Review chart of accounts; set up new accounts and maintains general ledger; prepare journal entries as needed and ensure all accounts are reconciled on a timely basis; review and approve monthly bank reconciliation statements for all bank accounts.
Coordinate annual property inventory and reconciliation to general ledger.
Prepare accounting records for some of the subsidiary companies.
Responsible for preparation of indirect cost allocation plan and its review.
Ensure that all the various federal and state tax forms and related returns of the entity and its subsidiaries are filed on time. These include among others, form 990, 941s, 940s, 1099, etc.
Complete the PA Department of State, Bureau of Charitable Organizations registration form and any other Licensing requirements such as the liquor license for APM Hall, unclaimed property reports, etc.
Preparation of schedules, analysis and support documentations for the annual financial audit, drafting the financial statements and footnotes as well as accompanying schedules
Process monthly payment and record to accounting system.
Maintain and analyze general ledger accounts monthly, prepare appropriate adjusting entries as needed.
Assist in the implementation of NetSuite, cloud-based accounting system.
Prepares budgets, forecasts and cost allocation plans and prepares budget revisions as required.
Monitors budget versus actual expenditures.
Tracks contract cost limitations and notify Directors of problems.
Works with and assists funder monitors and auditors and resolution on findings.
Prepares general ledger, analyses schedules, documents, footnotes and consolidation for 2 CFR 200 annual audit.
Reconciles balance sheet accounts and balances cash sheet accounts.
Handle funder inquiries and reporting.
Custodian of grant and other corporate documents.
Work collaboratively with Property Management and Community & Economic Development, particularly during transition from development to operations.
Engage with state and local agencies, lenders, investors and other funding partners and complete necessary due diligence to achieve financing approval required for closing.
Oversee program spending and approves transactions in NetSuite.

Benefits

Independence Administrators Medical Insurance Plan or $100/month Reimbursement with Proof of Current Plan
Livongo for Diabetes Prevention, Hypertension, and Weight Management (Only for Employees Who Elect Our Medical Insurance)
Sword, A Virtual Physical Care Program for Back, Joint, and Muscle Pain (Only for Employees Who Elect Our Medical Insurance)
WondrHealth for Weight Management (Only for Employees Who Elect Our Medical Insurance)
Sun Life Financial Insurance Plans for Dental, Vision, Life and AD&D, Critical Illness, Accident, and Hospital Indemnity
Basic Life Insurance (100% Employer Funded)
Short-term and Long-term Disability Insurances
403B Retirement Plan through Mutual of America
Flexible Spending Accounts for Health, Childcare, Public Transportation, and Parking Expenses through The Harrison Group
AllOne Health Employee Assistance Program at No Cost
Employee Referral Program (You Can Earn Up to $600)
20 Days of Paid Time Off include Illness, Vacation, Appointments, and Emergencies
12 Days of Paid Holidays