Financial Analyst

POSITION SUMMARY

The primary purpose of this position is to monitor Mixed Finance/ Mixed Income properties’ compliance with financial requirements of CHA contract and ensure proper accounting, budget adherence, and internal accounting controls. The Financial Analyst will be responsible for assisting Property Office with financial analysis, expense forecasting and budget review and will oversee the financial reporting requirements of the Property Management firms, to ensure that they operate within their budget, obtain necessary approval for required revisions, and maintain proper accounting and internal control as well as interacting with other various departments.

DUTIES AND RESPONSIBILITIES

· Assist in monitoring the financial condition of the Property Office Mixed Income portfolio.

· Maintain a working knowledge of the Reporting & Operating agreements for Mixed Finance properties.

· Ensure internal and external partners are meeting critical due dates.

· Prepare and maintain tracking reports for Annual Audits, Quarterly Financial Statements, Annual Budgets, TRR Request, etc.

· Assist in the development budgets for the Property Office Mixed Income portfolio. Conduct statistical and budgetary analysis and report findings.

· Analyze and validate results to ensure accuracy, accountability and financial data integrity of the Mixed Income Portfolio.

· Analyze trends, costs, funding and financial commitment to project future revenues and expenses for Property Office Mixed Income portfolio.

· Compile, analyze and review operating expense reports submitted by properties and prepare budget comparisons.

· Initiate and process monthly subsidy and management fee payments for the Property Office Mixed Income portfolio.

· Performs routine and ad hoc financial analysis of the Property Office Mixed Income portfolio.

· Compile and prepare year-end accruals.

· Analyze and review monthly payment requests submitted by the firms.

· Conduct periodic audit of financials submitted on a monthly, quarterly and annual basis.

· Review, analyze, and reconcile audit reports.

· Prepare and finalize Audit Reconciliation True-ups payments to vendors.

· Review and process Tenant Rent Reserves requests.

· Schedule and hold monthly/quarterly/bi-weekly meeting with various departments to discuss findings, issues/concerns, reporting requirement, etc. In conjunction, work with various internal and external partners.

· Assist in creation of presentations and analysis for performance review meetings with management firms.

· Maintain Mixed Income portfolio operating expense budget line item tracking system.

· Make recommendations for improving the financial controls and audit functions within the Property Accounting Department.

· Review and update internal and external processes and procedures.

· Other duties as assigned.

QUALIFICATIONS

Bachelor’s Degree in an applied science: accounting or finance preferred. This position requires experience in financial oversight to ensure the efficient and cost-effective operation of the Mixed Income Portfolio. Minimum of five (5) years’ experience in accounting, auditing, finance or other related discipline preferred. Previous contract management, auditing and/or financial analysis experience considered a plus. The position requires proficiency with Microsoft Office products (i.e. Word, Excel, PowerPoint, Access, Project & Outlook). Must be able to communicate effectively both verbally and in written form with all levels of internal and external management. Working knowledge of Visio, a plus.

Salary Range: $90,000 – 95,000

Grade: S8

FLSA: Exempt

Union: None

Job Type: Full-time

Pay: $90,000.00 - $95,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Ability to Relocate:

• Chicago, IL 60605: Relocate before starting work (Required)

Work Location: Hybrid remote in Chicago, IL 60605