Financial Supervisor

Title: Financial Supervisor

Organization: MassHousing

Location: One Beacon Street, Boston, MA02108

Posting Closes: Close of Business on July 23, 2024

Website: https://www.masshousing.com

MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals, see https://www.masshousing.com/-/media/Files/Corporate/MH-5yr-Strategic-Business-Goals.ashx.

THE ORGANIZATION

MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $27.5 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.

We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.

As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing’ s total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:

Tuition reimbursement up to $10,000 per calendar year

A 35-hour work week and a hybrid work schedule

Back up Child/Elder Care

Retirement Savings including a pension and a deferred compensation plan (with a match)

Comprehensive health, dental and vision plans

12 paid Holidays per year and generous sick, vacation, and personal time

Short-Term and Long-Term Disability

Central Boston office location, convenient to public transportation and amenities on site

If you’re ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch

Position Summary

The Financial Supervisor is responsible for supervising, training and developing personnel within the Financial Reporting department under their direction and in providing accounting oversight on bond programs, grant programs, and other Agency programs designated by the Manager of Program Accounting, which includes ensuring the accuracy, consistency, and integrity of the data in the financial reports. This individual will perform a full review and approve all prepared financial statements, schedules, and workpapers prepared by the Financial Accountants to support the monthly/quarterly and annual close process. If applicable (depending on the assignment of bond programs), the Financial Supervisor will oversee, or assist in the coordination, the collection and review of information during bond series offerings and debt service processes.

Additionally, the Financial Supervisor will assist the Manager of Program Accounting on the following roles:

• Development, implementation, and maintenance of a system of internal controls and reports to ensure timely reconciliation, accuracy and timely posting of accounting records, and compliance with standards and regulations.
• Planning, coordinating, and monitoring of Agency audit activities as assigned.
• Developing financial report analysis, as well as researching, drafting and maintaining process and reporting procedures for training purposes.
• May perform other duties as assigned by the Manager of Program Accounting or the Comptroller.

The Financial Supervisor is a hybrid position under MassHousing’s Alternative Workplace Strategies.

Specific Duties and Responsibilities

1. Supervise, train and develop personnel.
2. Approve prepared financial statements, schedules, and workpapers for designated programs.
3. Review or assist in coordination and collection of information for bond series offerings for designated programs, if applicable.
4. Oversee and review debt service processes and payments, if applicable.
5. Propose accounting journal entries to the General Ledger as necessary.
6. Review and approve the reconciliation of various bank and General Ledger accounts.
7. Collaborate with staff in other Departments within Finance and throughout the Agency to complete work assignments and lead or assist in Finance special projects and system developments that impact Program Accounting.
8. Sound critical thinking skills, including the ability to exercise sound judgement, anticipate problems and opportunities, and explore options and present solutions.
9. Perform other duties as assigned by the Manager of Program Accounting or Comptroller.

Knowledge, Skills and Abilities Required

1. Exceptional critical thinking and problem-solving skills.
2. Strong work ethic and the ability to work independently with minimal supervision, and as a member of a team.
3. Strong interpersonal and communication skills.
4. Effective time management and project management skills.
5. Proficiency with Microsoft Office Suite, especially Microsoft Excel.
6. Understanding of accounting concepts.

Minimum Education and Training

1. Bachelor’s degree in Business, Accounting or Finance.
2. Five (5) or more years of accounting experience in a financial institution, mortgage banking firm or a CPA firm, preferably with a focus on mortgage lending and financial service activities. Knowledge of the housing finance industry a plus.
3. One of the following professional designations preferred: CPA, CMA and/or MBA.

Salary Range: $94,184.76 to $122,440.29

All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service. Inherent in these values is our commitment to diversity, equity, and inclusion for all.

MassHousing is an Equal Opportunity Employer