Financial Analyst - Asset Management - Full Time; 7900-302-N

Catholic Charities Brooklyn and Queens•Brooklyn, NY

11d

About The Position

The Financial Analyst works on targeted projects to improve asset performance through financial reviews, budget and capital approvals, and regulatory compliance. The role supports optimal property performance and a high-quality, affordable housing experience. Reporting directly to the Asset Manager, the Financial Analyst collaborates with internal Management Teams, Catholic Charities Progress of Peoples Management Corporation, and the Fiscal Department to develop strategies for monitoring the fiscal and physical health of the housing portfolio. The position supports budgets, rent increase requests, financial and occupancy analysis, reserve fund requests, portfolio reporting, regulatory compliance, utility-account administration, subsidy budgets and reimbursements, and annual audits. It also develops recommendations to improve the long-term financial and physical health of assigned projects and manages corrective actions addressing performance issues.

Requirements

Bachelor’s degree in real estate finance, urban planning, or business administration.
Three years of experience with overall financial review, reporting, and modeling for an assigned portfolio of residential properties or projects.
Ability to understand financial analysis, cash flow projections, operating budgets, written regulations, and real estate documents.
Excellent analytical, organizational, problem-solving, computer, and oral and written communication skills.
Proficiency in Microsoft Word, Excel, and PowerPoint.
Ability to organize efficiently and prioritize tasks appropriately.
Ability to work flexible hours, including evenings, weekends, and holiday coverage, as needed.
Ability to travel throughout the five boroughs as needed.
Ability to sit, stand, walk, and climb stairs frequently; operate a computer keyboard, mouse, and office equipment; and read printed and handwritten materials.

Responsibilities

Assist with preparing and submitting 21 HUD budgets based on rent increases and contract renewals to HUD/CG.
Review operational data for accuracy, analyze trends, coordinate with site personnel to obtain tenant utility data, and compile supporting documentation such as ledgers and invoices.
Assist with agency (HPD/HCR) annual rent increase requests, tracking changes and implementation.
Review financial reports, conduct variance analyses, summarize results for Asset Managers, and identify key areas of concern.
Develop recommendations to improve the long-term financial and physical health of assigned projects.
Analyze rent rolls, lease expiration schedules, vacancy rates, unit availability, and marketing and leasing efforts to maximize occupancy and collections.
Support capital and operating reserve fund analyses and requests, including collecting documentation and following up.
Seek to streamline and modernize analytical processes.
Maintain the portfolio database and reporting workbooks, and prepare internal performance reports.
Provide filings, documentation, and reports for lenders, tax credit partners, and housing finance agencies.
Monitor regulatory agreement obligations and reporting deadlines, including LIHTC, HPD, and HUD requirements.
Manage corrective action to resolve physical and financial performance issues.
Set up, maintain, and track utility accounts for properties.
Assist with annual agency operating subsidy budgets, budget modifications, and monthly reimbursement vouchers for DHS/HRA/ESSHI, and follow up on submission status.
Assist in coordinating annual audits for agency contracts and other stakeholder agencies.