Manager of Accounting, RED

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.

Please  to learn more about our Core Values and how they drive our mission and define who we are.

Learn More about CHN Housing Partners' Benefits by clicking here! CHN offers HSA and PPO Medical Plans (including dental and vision options), Vacation, Personal and Sick Leave;
Paid Maternity/Paternity/Adoption Leave;
Paid Company Holidays;
Life Insurance; 401K Plan, Tuition Reimbursement, and more.

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…