CHN HOUSING PARTNERS
Manager of Accounting, RED
We are a growing non-profit organization based in Cleveland, Ohio that offers its employees a comprehensive benefits package, opportunities to grow within the organization, and the ability to improve the communities we serve.
CHN Housing Partners: CHN is a highly seasoned, nonprofit affordable housing developer, housing service provider and residential mortgage lender that works with its partners to solve major housing challenges for low-income people and under-served communities. Through our partnerships we have developed over 7,000 affordable homes, and each year serve over 60,000 families through a wide array of housing services.
We work in Ohio and neighboring states, including Michigan, to preserve and expand affordable housing, and build equitable communities. By investing in affordable housing, we are investing in families, communities, and the economy. We are investing in the power of the permanent address.
Position Summary: The Manager of Accounting, RED (Real Estate Development), will delegate, supervise, and participate in accounting department tasks, oversee the recording, tracking, and reporting of financial information, hire, train, and motivate accounting staff members, help develop and implement department controls and procedures, and ensure that the department operates efficiently without sacrificing accuracy. A comprehensive list of essential duties and responsibilities can be found below.
The rate of pay for this position is $85,000 - $90,000 per year (FLSA Exempt), commensurate with experience.
Essential Duties and Responsibilities:
- Support Development/Construction/Asset management teams with various reports, as needed/monthly.
- Review draws prepared by staff/senior Accountants (Construction/soft funds draw)
- Assist in providing support to external auditors (FCC/CCC/50% test/10% test/Audit)
- Review Cost Certifications and conversion at construction completion (FCC/CCC)
- Assist in reviewing legal documents to ensure proper accounting and reporting (LPA/Loan)
- Provide financial, accounting, and statistical analysis.
- Establish relationships with 3rd party asset management teams (syndicator/bank)
- Ongoing cash management (monthly construction payouts/monthly S&U reporting/paydown-payoff construction debt)
- Review closing draw and repayment of predevelopment costs.
- Collaborate with outside Auditors to ensure timely audits and tax returns (projects coming out of development)
- Maintain banking, funder, investor, and lender relationships to provide financial reporting as required.
- Maintain accurate and complete financial records and participating in audits or reconciliations as needed.
- Prepare specialized financial reports or projections for organizational partners as needed.
- Assist in evaluating, developing, and improving department controls, systems, and procedures to increase accuracy and efficiency.
- Ensure that all accounting processes align with GAAP and current financial legislation.
- Perform regular financial analysis, recognize patterns and trends in company spending & income, explain variances and recommend solutions to any problem areas.
- Keep informed of other department’s developing strategies and objectives which could have a fiscal impact on the business and the accounting systems.
- Assist in developing annual budgets.
- Keeping informed about the latest developments in the nonprofit, LIHTC, and real estate industries
- Hire, train, motivate and develop accounting staff as needed.
- Other duties as assigned.
Education and/or Work Experience Requirements:
Required:
Education:
- Bachelor's degree in accounting, finance, or related field
Experience:
- 10+ years of experience in accounting or finance
- Knowledge of Real Estate accounting practices pertaining to construction/development
- 3-5 years in LIHTC (Low Income Housing Tax Credit) accounting/tax experience preferred.
- Experience leading a team with multiple priority projects and deadlines.
Skills:
- Excellent leadership and communication skills
- Strong understanding of accounting, finance, and management principles
- Proficiency with computers, especially bookkeeping software, and MS Office
- Elevated level of efficiency and accuracy
- Attention to detail and ability to analyze substantial amounts of data.
- Change management.
- Problem solving
Other:
- Initiative-taker with elevated level of integrity
Preferred:
- Nonprofit experience
- CPA preferred.
Critical Competencies:
- Leadership/Staff Development
- Strategic Thinking
- Problem Solving
- Business/Financial Acumen
- Innovative
- Communication Skills
- Decisive decision-making
- Relationship Building
- Collaborative
- Change management
- Influencing & leading
- Teamwork
- Diplomacy
- Ability to deal with ambiguity
- Adaptability
- Mission driven
Working Conditions and/or Physical Requirements:
- Ability to perform essential job functions consistent with ADA, FMLA, and other standards.
- Regular and punctual attendance consistent with ADA, FMLA, and other standards.
Why Should You Apply?
- You want to be part of an organization where the work you do will have a positive and lasting difference in the community.
- Great benefits.
- Opportunities for on-the-job training and/or professional development.
M/F/V/D/EOE
