Program Investment/Bond Accounting Analyst

State of Washington • King County - Seattle - Downtown Business, WA

13h • Hybrid

About The Position

The Washington State Housing Finance Commission is seeking a Program Investment/Bond Accounting Analyst for the Finance Division. The Finance Division of the Washington State Housing Finance Commission (the “Commission”) monitors, records, summarizes and reports all financial transactions, oversees the system of internal controls to ensure that assets are safeguarded and that financial activities conform to Federal and State regulations, and monitors and manages outstanding bond debt. The incumbent will share responsibility for the tactical implementation, administration and daily activities of the Commission’s Single Family, Multifamily, Nonprofit, and Beginning Farmer/Rancher bond portfolios as well as the Washington Higher Education Facilities bond portfolio. This position is responsible to assure the financial integrity and contractual compliance of the bond portfolio at the transactional level. This position monitors compliance with bond and loan covenants, assuring the proper flow and accounting of funds. Additionally, this position shares similar responsibilities for the Program Related Investments (PRI) portfolio. The duty station for this position is Seattle, WA. The work associated with this position will be performed through a combination of teleworking and complemented with onsite work and meetings as needed. Employees must reside in Washington state and within a reasonable distance of our worksite to respond to workplace reporting requirements. The Commission is a market-driven and self-supporting agency created to provide below-market rate financing for building, purchasing, or preserving affordable housing and nonprofit capital facilities. The Commission functions as a financing conduit between developers, lenders, first-time home buyers, real estate professionals, and nonprofit organizations to provide affordable financing for homes, rental housing, civic and social services facilities, energy conservation projects and first-time farmers and ranchers. We believe that creating a diverse, inclusive, and equitable environment is important and vital to the success of the Commission. We believe in working together to create an environment free from harassment and discrimination and moving beyond simple tolerance to embracing and celebrating the rich dimensions of diversity contained within each individual.

Requirements

• Substantial professional experience in accounting, finance or a closely related field
• Proven experience in public-debt financing, loan/fund/trust accounting, and specific industry practices including financial review and analysis.
• Strong understanding of accounting principles (GAAP), auditing standards and principles, and accounting standards by GASB & FASB.
• Competency in finance and investment principles, including collateralized debt mechanisms (such as FNMA, GNMA, and letters of credit).
• Capacity for policy formulation and analysis, blending contemporary management theory with practical financial oversight.
• Proven capability to execute rigorous financial reviews, analyze complex data sets, and maintain precise accounting records.
• Proficiency in financial management tools (such as AFRS or Workday) and advanced skills in Microsoft Office (Excel, Word, Teams)
• Ability to take action to learn and grow: Takes responsibility for increasing skills in new technologies and skills to make government programs and processes more efficient and effective to serve all Washingtonians.
• Ability to take action to meet the needs of others: collaborating across diverse backgrounds and customer-service focused, while demonstrating a willingness and ability to empathetically respond to the unique needs of the people they work with and serve.

Nice To Haves

• Bachelor’s degree or higher in Accounting, Finance, Business Administration, or a closely related field
• A combination of skills, abilities, experience, and education may be substituted to demonstrate that you are qualified for this position.

Responsibilities

• Review, summarize and record transactions from data provided by contractors such as trustees, program administrators, and servicers.
• Reconcile data provided to system generated expectations and investigate and resolve discrepancies.
• Assure compliance with program-related, contractual and legal obligations of the bond financings and PRI programs.
• Monitor the performance of trustees and other servicers and review and approve transactions prepared by others for reasonableness.
• Compile quarterly and semi-annual financial statements, bonds outstanding, parity, semi-annual bond proceeds use report, and quarterly PRI financials.
• Assure the accuracy of bond transaction cash flows detailed in bond closing documents, participate in bond closings, and initiate new bond issues into the financial systems.
• Monitor, track, and reconcile monthly Single-Family bond MBS settlements, Home Advantage MBS settlements, and acquisition fund disbursements.
• Prepare amortization schedules, loan statements, and payoff invoices, and reconcile PRI loan balances between servicers, general ledger and servicing system expectations.
• Compile periodic disclosure reports for the secondary market, respond to inquiries, and provide bond program information to investors and other parties.
• Prepare lead schedules, confirmation reconciliations, footnote information, and other data for the annual external audit and respond to auditor inquiries.
• Work on additional special projects throughout the year as identified by management and perform other duties as assigned.

Benefits

• full array of family medical, dental, life and long-term disability insurance coverage
• a state retirement plan
• deferred compensation
• 12 paid holidays
• paid vacation, sick and military leave
• subsidized bus, train, or ferry passes
• credit union memberships
• alternate workweek schedules
• telecommuting

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree