JOB SUMMARY

The Comptroller will handle high-level accounting, managerial accounting, and oversee the financial activities of the subsidiary Renaissance Neighborhood Development Company (RNDC). As head of RNDC accounting, The Comptroller will be responsible for the accurate financial analysis and audit readiness 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 Finance and Accounting Manager. Under the general direction of the Chief Financial Officer, the Comptroller advances the mission of RNDC through the fulfillment of its strategic plan and the continued growth of our housing portfolio.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Housing Finance Transactions

• Engage with Development Directors during finance closings
• Supervise proper flow of funds during development and initial operations
• Review the recording of monthly construction draws for timely payment of contractors
• Ensure conditions of financial transactions 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 Accounting and Finance Manager
• 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
• Create cost certifications at completion of developments
• Manage annual project audits
• Interface with VOASELA Auditor for annual audits of RNDC

Cash Management

• Supervise the set up of bank accounts; ensure project cash accounts are reconciled
• Prepare 13 Week Cash Forecast on a biweekly basis
• Review and submit annual RNDC operating budgets
• Maintain three-year cash flow projection 

Reporting

• Primary reporting to VOASELA Chief Financial Officer
• Support CFO in providing regular updates to Boards of Directors
• Review/submit any necessary periodic financial reports for project funders
• Respond to ongoing financial questions from lenders and funders

 ADDITIONAL DUTIES AND RESPONSIBILITIES (Non-essential)

• Adhere to the designated dress code as stipulated for the specific role.

SUPERVISORY DUTIES:

• Supervises Property Accountants.
• Provides collaborative expertise and functional direction to program directors and managers with respect to fund raising activities, appeals, and grant writing/processing.

KEY CONTACTS

• 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 the decision-making process; and ensure timely decisions are made.
• Team-building skills to encourage collaboration and communication amongst key internal & external partners.

PHYSICAL REQUIREMENTS

Work is primarily performed in a normal office environment generally while seated at a desk. Dexterity is required to performing work with personal computer keyboard, calculator and other office equipment

DISCLAIMER STATEMENT

The above is intended to describe content of and requirements of the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. VOASELA, Inc., reserves the right to change, add, or delete at any time from this job description to meet the need of the organization.