HCV FINANCIAL ANALYST

Metropolitan Development•Nashville, TN

5d•Onsite

About The Position

The Metropolitan Development and Housing Agency (MDHA) is seeking a Housing Choice Voucher (HCVP) Financial Analyst to perform complex and technical accounting and financial management work. This role ensures the accuracy, integrity, and compliance of all financial activities associated with the Housing Choice Voucher and related programs. The Financial Analyst will support both the Rental Assistance and Finance Departments by assisting with monthly Housing Assistance Payment (HAP) runs, reconciling landlord and participant accounts, and ensuring program funds are properly allocated and reported in accordance with HUD requirements. Additionally, the role involves monitoring and maintaining HUD’s Two-Year Tool for utilization, forecasting, and funding reserves, as well as analyzing and reporting the department’s financial net position to ensure long-term fiscal sustainability.

Requirements

Thorough knowledge of HUD HCV financial regulations, including Two-Year Tool management, and VMS reporting.
Ability to prepare accurate financial statements, perform reconciliations, and interpret complex financial data.
Strong analytical skills for identifying trends and forecasting funding needs.
Proficient in Excel, Word, and multifaceted financial reporting software.
Bachelor's degree with coursework in accounting, management, public or business administration, or related field and increasingly responsible experience in accounting, financial reporting, and budget preparation.
Broad knowledge of programs and procedures related to assisted housing.
Some supervisory experience.
An equivalent combination of education and experience is acceptable.
Must possess a valid Tennessee State issued driver’s license.

Nice To Haves

Must obtain HCV Financial Accounting and Reporting and HCV Financial Management within 6 months of employment.

Responsibilities

Coordinate HAP runs with the Finance Department to ensure on-time payments to landlords and utility reimbursements to participants.
Review all HAP disbursements, adjustments, and recoupments for accuracy before processing.
Maintain comprehensive supporting documentation for every payment and adjustment to ensure a clear audit trail.
Perform monthly reconciliations of landlord, portability agency, and participant aging payable accounts; proactively resolve discrepancies.
Update and monitor HUD’s Two-Year Tool to track leasing trends and expenditure patterns.
Monitor and update payment standards and utility allowances as needed.
Identify potential funding shortfalls or surpluses and recommend corrective actions.
Project future HAP and administrative expenses to ensure long-term program sustainability.
Track HAP and administrative fee reserves, including requesting HUD disbursement if necessary.
Review rent reasonableness data to ensure compliance and that assisted rents do not exceed open market rents for comparable unassisted units.
Ensure all financial data is accurately prepared for Voucher Management System (VMS) and other HUD-required reporting.
Prepare monthly financial statements that reflect program performance and funding utilization.
Ensure all financial activities meet federal regulatory requirements to minimize findings during annual audits.
Act as the primary financial contact between the Rental Assistance department and the Finance department.
Coordinate with landlords, program staff, and outside agencies to resolve complex payment or billing issues.
Provide financial insights and data-driven recommendations to support the Agency’s strategic goals.