Financial Analyst

Chicago Housing Authority•Chicago, IL

7d•$90,000 - $95,000

About The Position

POSITION SUMMARY The primary purpose of this position is to monitor Mixed Finance/ Mixed Income properties’ compliance with financial requirements of CHA contract and ensure proper accounting, budget adherence, and internal accounting controls. The Financial Analyst will be responsible for assisting Property Office with financial analysis, expense forecasting and budget review and will oversee the financial reporting requirements of the Property Management firms, to ensure that they operate within their budget, obtain necessary approval for required revisions, and maintain proper accounting and internal control as well as interacting with other various departments.

Requirements

Bachelor’s Degree in an applied science: accounting or finance preferred.
This position requires experience in financial oversight to ensure the efficient and cost-effective operation of the Mixed Income Portfolio.
Minimum of five (5) years’ experience in accounting, auditing, finance or other related discipline preferred.
Must be able to communicate effectively both verbally and in written form with all levels of internal and external management.
The position requires proficiency with Microsoft Office products (i.e. Word, Excel, PowerPoint, Access, Project & Outlook).

Nice To Haves

Previous contract management, auditing and/or financial analysis experience considered a plus.
Working knowledge of Visio, a plus.

Responsibilities

Assist in monitoring the financial condition of the Property Office Mixed Income portfolio.
Maintain a working knowledge of the Reporting & Operating agreements for Mixed Finance properties.
Ensure internal and external partners are meeting critical due dates.
Prepare and maintain tracking reports for Quarterly Financial Statements, TRR Quarterly Advance Request, etc.
Analyze, review and process monthly/quarterly payment requests submitted by the firms.
Conduct statistical and budgetary analysis and report findings.
Analyze and validate results to ensure accuracy, accountability and financial data integrity of the Mixed Income Portfolio.
Analyze trends, costs, funding and financial commitment to project future revenues and expenses for Property Office Mixed Income portfolio.
Compile, analyze and review operating expense reports submitted by properties and prepare budget comparisons.
Initiate and process monthly subsidy payments for the Property Office Mixed Income portfolio.
Performs routine and ad hoc financial analysis of the Property Office Mixed Income portfolio.
Prepare monthly journal entries: TRR deposits and withdrawals; tenants’ AR, Allowance for Doubtful; etc. for corrections/adjustments.
Prepare monthly reconciliations: TRR deposits and withdrawals, Notes Receivable, etc.
Review and submit Bad Debt Report to the PAM Division, monthly.
Prepare monthly Rent Collection versus Bank Deposit Report.
Compile and prepare year-end accruals.
Prepare and complete internal and external notes receivable confirms, as requested.
Schedule and hold monthly/quarterly/bi-weekly meeting with various departments to discuss findings, issues/concerns, reporting requirement, etc.
In conjunction, work with various internal and external partners.
Make recommendations for improving the financial controls and audit functions within the Property Accounting Department.
Prepare and complete Impairment Analysis for MF properties.
Review and update internal and external processes and procedures.

Benefits

Vacation, Sick and Personal, competitive PTO package
Medical (HMO, PPO, and No employee cost High-Deductible PPO)
Dental, Vision, and Life Insurance
Short-Term and Long-Term Disability Insurance
Long-Term Care Insurance
Pet Insurance
Parking Transit
Prepaid Legal Services
Brightstar 529 College Savings Plan
Identity Theft Protection
Hospital Indemnity Insurance
Voluntary Critical Illness Insurance
Deferred Compensation Plan: Empower 457/401(a) with a 3% employer match
Pension Plan: CHA makes contributions on behalf of the employee, along with the employee's 3% contribution; 100% vesting occurs after 6 years of continuous employment or opt-out of CHA's Retirement Plan and continues to participate in the Municipal Employees Annuity and Benefit Fund of Chicago