Financial Analyst - Asset Management - Full Time; 7900-302-N
About The Position
The Financial Analyst works on targeted projects to improve asset performance through comprehensive financial reviews, budget and capital approvals, and regulatory compliance. The role supports optimal property performance and a high-quality, affordable housing experience across POP Development’s residential portfolio. The position reports directly to the Asset Manager and 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 analyst supports HUD and agency budget submissions, financial and operational analysis, occupancy and collections efforts, reserve requests, portfolio reporting, utility account administration, subsidy budgets and reimbursements, compliance monitoring, corrective actions, and annual audits. The role also maintains reporting workbooks and portfolio databases, prepares filings and documentation for external partners and agencies, follows up on submissions, and seeks to streamline and modernize analytical processes. Travel throughout the five boroughs may be required, and flexible hours may be needed for evenings, weekends, and holiday coverage.
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 Office, including Word, Excel, and PowerPoint.
- Ability to organize efficiently and prioritize tasks appropriately.
- Ability to travel throughout the five boroughs as needed.
- Ability to work flexible hours, including evenings, weekends, and holiday coverage, as needed.
- Ability to frequently sit, stand, walk, and climb stairs.
- Ability to operate a computer keyboard, mouse, and office equipment.
- Ability to 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 and prepare trend analyses.
- Coordinate with site personnel to obtain tenant utility data and analyze it.
- Compile supporting documentation, including ledgers and invoices.
- Assist with agency (HPD/HCR) annual rent increase requests, tracking changes and implementation.
- Review financial reports and conduct variance analysis.
- Communicate analysis results to Asset Managers and identify key areas of concern, where applicable.
- 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 collection rates.
- Support capital and operating reserve fund analysis and requests, including collecting documentation and following up.
- Seek to streamline and modernize the analytical process.
- Maintain the portfolio database and prepare internal performance reports.
- Maintain reporting workbooks and provide filings, documentation, and reports for lenders, tax credit partners, housing finance agencies, and other stakeholders.
- Monitor regulatory agreement obligations, including LIHTC, HPD, and HUD requirements, and reporting deadlines.
- Manage corrective actions to resolve physical and financial performance issues.
- Set up, maintain, and track utility accounts for properties.
- Assist with agency operating subsidy (DHS/HRA/ESSHI) annual budgets, budget modifications, and monthly reimbursement vouchers.
- Follow up on the status of submissions.
- Assist in coordinating annual audits for agency contracts and other stakeholder agencies.
Benefits
- Generous time off, including vacation, personal days, sick days, and paid holidays annually
- Medical insurance
- Dental insurance
- Vision insurance
- Retirement savings with agency match
- Transit benefits
- Flexible Spending Account
- Life insurance
- Public Loan Forgiveness Qualified Employer
- Training Series
- Additional voluntary benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
