Arlington Partnership for Affordable Housing Jobs
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Facility - Building Owners
Company Description:
Summary Description APAH's Chief Financial Officer is responsible for financial oversight of a $150 million portfolio of 752 rental apartments. The CFO manages all accounting functions, including preparing financial statements for the APAH parent entity and consolidated statements from our affiliates; managing compliance and reporting to our investors and funders; overseeing human resources for our 6 ?" 9 person office; coordinating the execution of the audits and tax returns with our external auditors; serving as accounting liaison with our property management firm; and overseeing financial reporting and controls during development projects, including reviewing budgets and preparing draw requests. Responsibilities Accounting: Perform functions of accounts payable, cash receipts, payroll, general ledger reconciliation and financial statement preparation for APAH corporate activities. Maintain depreciation and amortization schedules for APAH parent and subsidiaries. Development: Maintain construction ledgers for property development projects and related party receivable/payable accounts with subsidiaries. Prepare equity and loan draw requests. Review mortgage financing transactions and submit related accounting entries to property management firm. Prepares workpapers for cost certifications and rental achievement reporting. Work with the Director of Real Estate Development to prepare development budgets. Compliance and Reporting: Serve as liaison to auditors and asset managers from equity investors and funders. Prepare workpapers and supporting schedules for auditors. Prepare funding requests for Community Development Block Grants (CDBG) and other grants as identified. Prepare annual business license and personal property tax returns for APAH parent and subsidiaries. Oversight: Review monthly property financial reports from property management firm. Prepare annual operating budget and provide quarterly reporting to staff. Present financial statements to APAH's Finance Committee and Board of Directors. Human Resources: Administer APAH benefit programs, including the 403b employee benefit plan and healthcare plan. Maintain employee personnel files. Insurance: Assist Asset Manager in assembling information for property & liability insurance package policy. Review annual renewal bids and ensure policy compliance for all funders and investors. Leadership: Serve as part of the leadership team for APAH and participate in strategic planning, staff and board development activities. Knowledge, Skills & Abilities Working knowledge of accrual accounting operations for basic corporate functions including accounts payable, cash receipts, payroll, mortgage financing, general ledger and preparation of consolidated financial statements. Proficiency in working with accounting software for above functions as well as spreadsheet and word processing applications. Strong organizational skills, attention to detail and ability to balance a variety of tasks in a multi-organization environment. Strong sense of responsibility and commitment to thorough and accurate work. Ability to work independently and efficiently, meet deadlines, set priorities and plan ahead. Able to communicate effectively with APAH staff, auditors and property management personnel. Interest in working in a small, high-energy office. Good sense of humor. Desired Education & Experience Bachelors degree in accounting, finance or similar field required plus 5-7 years experience in accounting operations including payables, cash receipts, payroll, general ledger and financial statement preparation. Prefer 3-5 years experience in financial management of a non-profit, 501(c)3 organization. Prefer relevant work experience within the real estate industry. The ideal candidate will be familiar with Low Income Housing Tax Credits and affordable housing. Arlington residents encouraged to apply.
Summary Description APAH's Chief Financial Officer is responsible for financial oversight of a $150 million portfolio of 752 rental apartments. The CFO manages all accounting functions, including preparing financial statements for the APAH parent entity and consolidated statements from our affiliates; managing compliance and reporting to our investors and funders; overseeing human resources for our 6 ?" 9 person office; coordinating the execution of the audits and tax returns with our external auditors; serving as accounting liaison with our property management firm; and overseeing financial reporting and controls during development projects, including reviewing budgets and preparing draw requests. Responsibilities Accounting: Perform functions of accounts payable, cash receipts, payroll, general ledger reconciliation and financial statement preparation for APAH corporate activities. Maintain depreciation and amortization schedules for APAH parent and subsidiaries. Development: Maintain construction ledgers for property development projects and related party receivable/payable accounts with subsidiaries. Prepare equity and loan draw requests. Review mortgage financing transactions and submit related accounting entries to property management firm. Prepares workpapers for cost certifications and rental achievement reporting. Work with the Director of Real Estate Development to prepare development budgets. Compliance and Reporting: Serve as liaison to auditors and asset managers from equity investors and funders. Prepare workpapers and supporting schedules for auditors. Prepare funding requests for Community Development Block Grants (CDBG) and other grants as identified. Prepare annual business license and personal property tax returns for APAH parent and subsidiaries. Oversight: Review monthly property financial reports from property management firm. Prepare annual operating budget and provide quarterly reporting to staff. Present financial statements to APAH's Finance Committee and Board of Directors. Human Resources: Administer APAH benefit programs, including the 403b employee benefit plan and healthcare plan. Maintain employee personnel files. Insurance: Assist Asset Manager in assembling information for property & liability insurance package policy. Review annual renewal bids and ensure policy compliance for all funders and investors. Leadership: Serve as part of the leadership team for APAH and participate in strategic planning, staff and board development activities. Knowledge, Skills & Abilities Working knowledge of accrual accounting operations for basic corporate functions including accounts payable, cash receipts, payroll, mortgage financing, general ledger and preparation of consolidated financial statements. Proficiency in working with accounting software for above functions as well as spreadsheet and word processing applications. Strong organizational skills, attention to detail and ability to balance a variety of tasks in a multi-organization environment. Strong sense of responsibility and commitment to thorough and accurate work. Ability to work independently and efficiently, meet deadlines, set priorities and plan ahead. Able to communicate effectively with APAH staff, auditors and property management personnel. Interest in working in a small, high-energy office. Good sense of humor. Desired Education & Experience Bachelors degree in accounting, finance or similar field required plus 5-7 years experience in accounting operations including payables, cash receipts, payroll, general ledger and financial statement preparation. Prefer 3-5 years experience in financial management of a non-profit, 501(c)3 organization. Prefer relevant work experience within the real estate industry. The ideal candidate will be familiar with Low Income Housing Tax Credits and affordable housing. Arlington residents encouraged to apply.