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Job Description
JOB SUMMARY
Come make a difference! Volunteers of America is one the nation’s largest and most comprehensive human services organizations. Since 1896, our ministry of service has supported and empowered America’s most vulnerable groups, including at-risk youth, the frail elderly, men and women returning from prison, homeless individuals and families, people with disabilities, and those recovering from addictions. We are one of the nation s largest nonprofit providers of quality, affordable housing for low and moderate-income households and persons with special needs.
Locally formed in 2006 in the wake of Hurricane Katrina, Renaissance Neighborhood Development Corporation (RNDC) is a collaboration between Volunteers of America National Services and Volunteers of America Southeast Louisiana. Since that time, we have brought close to 1000 quality and affordable apartment homes online over eleven properties in Louisiana. We currently have 613 units, over five projects, in construction or on the trajectory to close finance, which will bring us to a total of over 1500 units by the end of 2022!
The Finance and Accounting Manager be responsible for the accurate financial analysis and accounting for multiple affordable rental housing properties in various stages of our development, including those in pre-development and construction as well as our stabilized portfolio of properties working alongside RNDC s Property Management division. Under the general direction of the Senior Accounting Manager, the Finance and Accounting Manager, advances the mission of RNDC through the fulfillment of its strategic plan and the continued growth of our housing portfolio. The Finance and Accounting Manager will directly supervise the Property Accountant and Junior Accountant positions and contributes as part of the RNDC Housing Team, which is comprised of the President of RNDC, EVP of Housing, EVP of Housing and Admin, VP of Finance and Accounting, Executive Assistant to the EVP of Housing, Director of Property Management, Assistant Director of Property Management, Housing Development Manager, Housing Finance Manager and Construction Manager.
The successful candidate will be a strategic-oriented individual contributor with strong analytical and technical abilities. A high level of expertise is expected and the ability to complete multiple projects simultaneously is a must.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Housing Finance Transactions
Engage with Development Directors during finance closings
Ensure proper flow of funds during development and initial operations
Process monthly construction draws for timely payment of contractors
Ensure conditions of financial documents are fulfilled during project development period
Maintain effective relationships with lenders and funders
Minimize tax liability in connection with for-profit transactions
Property Management Accounting
Review monthly property operating reports (YARDI) and work with Property Management Director to take corrective actions
Maintain books for General Partner entities
Supervise and coordinate the day to day accounting functions
Review monthly financial statements and reconciliations
Review reconciliations for multiple bank accounts
Oversee property accountant
Review replacement reserve withdrawal requests based on Partnership documents
Audit and Cost Certifications
Track and prepare summaries of project costs incurred in pre-development.
Prepare forecasts and advise of impacts to year-end audit from projects in development
Complete cost certifications at completion of developments
Manage the production of annual project audits
Interface with VOASELA Auditor for annual audits of RNDC
Cash Management
Set up and maintain project bank accounts; ensure project cash accounts are reconciled
- Prepare 13 Week Cash Forecast on a biweekly basis
Prepare and submit annual RNDC operating budgets
Prepare monthly RNDC operating reports and recommend any corrective actions needed
Maintain three-year cash flow projection
Reporting
Primary reporting to VOASELA VP of Finance and Accounting
Provide regular updates to Boards of Directors
Prepare/submit any necessary periodic financial reports for project funders
Respond to ongoing financial questions from lenders and funders
ADDITIONAL DUTIES AND RESPONSIBILITIES (Non-essential)
No non-essential duties
SUPERVISORY DUTIES:
Supervises Property Accountant and Junior Accountant.
Provides collaborative expertise and functional direction to program directors and managers with respect to fund raising activities, appeals, and grant writing/processing.
KEY CONTACTS
Maintains critical relationships with the following (Examples):
- The Louisiana Housing Corporation, Office of Community Development and local municipalities across Louisiana who provide or support funding for housing development
- Lenders, investors, and other members of each project s finance team
- Third party consultants and contractors
KNOWLEDGE, SKILLS AND ABILITIES:
This position requires knowledge, skills and abilities equivalent to:
- Bachelor s Degree in accounting
- Minimum five years experience in Accounting/Finance, with affordable housing, and Tax Credit experience preferred
- Management experience
- Interpersonal skills necessary to effectively delegate, manage and motivate other employees
- Sound and accurate judgment with an ability to support and explain reasoning for decisions
- Good vendor management skills, including negotiating skills and ability to influence as needed
- Strong oral and written communication skills
- Experience using property management accounting system software. YARDI experience preferred
- Office including Outlook, Word, and Excel
- Ability to work flexible hours
- Includes appropriate people in decision-making process; and ensure timely decisions are made.
- Team-building skills to encourage collaboration and communication amongst key internal & external partners.
WORKING CONDITIONS
The work environment characteristics and physical demands described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Flexible remote work may be available for this position on a case-by-case basis. This position will require the employee to provide personal transportation to in-person work setting a maximum of 5 days a week.
- Work is primarily performed in an office environment while seated at a desk.
- The office environment requires interaction with staff and external partners.
- May be subjected to multiple interruptions throughout the workday
- Dexterity is used while performing work with personal computer keyboard, calculator and other office equipment.
- Driving to local (frequently) and some state-wide (occasionally) functions.
While performing the duties of this job the employee is frequently required to sit, stand, walk, use hands to finger, handle, or feel and talk or hear, or carry light training materials and/or equipment.
