HCD Financial Analyst Trainee (C26018)

State of Maryland•Prince George's, MD

3d•$34 - $37•Hybrid

About The Position

This is a contractual position with limited State of Maryland benefits. The Maryland Department of Housing & Community Development (DHCD) is a national leader in affordable housing and community development. Our team needs a strong manager with an accounting background and analytical skills to manage staff, set the example, review monthly reconciliations and ensure deadlines are met. The candidate for this position must be able to take initiative, research, analysis data and propose solutions. The characteristics of the chosen candidate would be a leader who will work as a team, who can and will challenge the status quo, effectively communicate ideas and issues, independently implement practical and efficient solutions, believe change is good and want to come to work knowing that what they do makes a difference. This Fund Financial Analyst Trainee position is part of the multi-billion-dollar financing operations, closely interacting with internal and external professionals to achieve the most optimal and cost-effective funding mechanism for affordable housing, community development, business lending, energy efficiency and neighborhood revitalization projects. The Position accounts for and reconciles general, special, reimbursable and or federal funds within many units in the Department and will acquire an understanding of multiple technical areas including grant accounting and management, compliance with State and Federal regulations capital markets, mortgage products and execution methodologies, asset management. This position serves as a Fund Accountant within the Division of Finance and Administration. This Fund Financial Analyst Trainee position performs financial accounting functions and financial analysis within DFA. This position will independently be responsible for managing the sub-ledger and detailed accounting, reconciliation and reporting of grants and loans financed with state, federal, special and reimbursable funds. This position manages accurate and timely draws and disbursements of assets, coordination with program and governmental agencies, reconciliations, review of MOUs, BB4s, Pos and other legal and regularity documents and reporting.

Requirements

A Bachelor’s degree in Finance, Business Administration, Economics, Accounting or a related field from an accredited college or university.
None (experience requirement).
A Certified Public Accountant (CPA) certification or documented eligibility to sit for the CPA Examination may be substituted for the educational requirement.
Candidates may substitute one year of professional financial analysis experience, such as managing financial asset and debt portfolios, examining, analyzing, and interpreting accounting, budget, grant or real estate investment portfolio records and reports by applying generally accepted accounting principles for 30 credits on a year-for-year basis for the required education.
Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the accounting field of work on a year-for-year basis for the required education.
Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator’s license valid in the State of Maryland.
Must document eligibility to work in the U.S. upon hire.
Applicants must be legally authorized to work in the United States under the Immigration and Reform Control Act of 1986.

Nice To Haves

Experience with accounts payable processing
Experience with accounting information systems

Responsibilities

Manage staff, set the example, review monthly reconciliations and ensure deadlines are met.
Take initiative, research, analyze data and propose solutions.
Work as a team, challenge the status quo, effectively communicate ideas and issues, independently implement practical and efficient solutions.
Account for and reconcile general, special, reimbursable and or federal funds within many units in the Department.
Acquire an understanding of multiple technical areas including grant accounting and management, compliance with State and Federal regulations capital markets, mortgage products and execution methodologies, asset management.
Perform financial accounting functions and financial analysis within DFA.
Independently be responsible for managing the sub-ledger and detailed accounting, reconciliation and reporting of grants and loans financed with state, federal, special and reimbursable funds.
Manage accurate and timely draws and disbursements of assets, coordination with program and governmental agencies, reconciliations, review of MOUs, BB4s, Pos and other legal and regularity documents and reporting.

Benefits

Limited State of Maryland benefits
Flexible work schedule
Telework options
Job-sharing options
Training
Advancement and career path opportunities
Casual business dress on Fridays
Competitive salary
Ample parking
Subsidized health benefits coverage for themselves and their dependents (contractual employees working 30+ hours/week may be eligible, paying 25% of premiums)
Dental coverage (full premium paid by employee)
Accidental death and dismemberment insurance (full premium paid by employee)
Leave accrual (1 hour for every 30 hours worked, not to exceed 40 hours per calendar year, after 120 days in a 12-month period)