Financial Analyst I

Pennsylvania Housing Finance Agency•Harrisburg, PA

18h

About The Position

This is an entry-level professional role with some experience required to contribute on a project or program. The role involves learning to use professional concepts to resolve problems of limited scope and complexity under close supervision while achieving day-to-day objectives. The position works on developmental assignments that are initially routine in nature, requiring limited judgment and decision making, and is typically focused on self-development. Theoretical knowledge is gained through specific education and training.

Requirements

A.S. or B.S. in Accounting, Business Administration or at least two years accounting/auditing experience.
Computer proficiency in Microsoft Office applications.
Ability to effectively communicate, both verbally and in writing.
Ability to travel periodically, including overnight.
Associate of Science
Decision Making/Problem Solving
Relevant professional experience (2-5 years)

Nice To Haves

CPA or experience in property management accounting.
Workday Finance

Responsibilities

Review and analyze audited financial statements to determine surplus cash, cash flow, owner distribution, and compliance with PHFA legal documents.
Perform annual financial reviews of properties for credit quality and compliance with PHFA regulations, which may include the review of monthly operating reports, general ledgers, and disbursement journals.
Review annual operating budgets submitted by the management agent.
Assist in the multifamily development process underwriting PennHomes and tax credit proposals.
Review requests for capital expenditures and authorize appropriate funding from PHFA-held reserves or project-held funds.
Establish, monitor, and revise, as necessary, project escrow and reserve accounts.
Authorize payment from the various accounts.
Assist Escrow Officer on supplier invoice requests, customer invoices, supplier and customer contacts related to Workday Finance.
Monitor collateral securities for compliance with PHFA legal documents and authorize the release or extension as appropriate.
Enter reviewed budgets, portfolio and non-portfolio income statements into the AS400 system.
Monitor delinquencies for debt service, escrow, and reserve payments, as reported by the Finance Division.
Review, assist, and respond on an ongoing basis to requests and correspondence from owners, management agents, and Agency personnel pertaining to financial issues of their assigned properties.
Prepare reports, spreadsheets, and other responsibilities as required by the Director of Housing Management, Supervisor of Financial Operations and/or Supervisor of Financial Compliance.