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Chicago Housing Authority · 1 day ago

Financial Analyst

Chicago, IL

Full-time

Hybrid

Mid, Senior Level

$90K/yr - $95K/yr

5+ years exp

The Chicago Housing Authority is seeking a Financial Analyst to monitor compliance with financial requirements for Mixed Finance/Mixed Income properties. The role involves financial analysis, expense forecasting, and ensuring proper accounting and budget adherence while collaborating with various departments.

Real Estate

Responsibilities

Assist in monitoring the financial condition of the Property Office Mixed Income portfolio

Maintain a working knowledge of the Reporting & Operating agreements for Mixed Finance properties

Ensure internal and external partners are meeting critical due dates

Prepare and maintain tracking reports for Quarterly Financial Statements, TRR Quarterly Advance Request, etc. Analyze, review and process monthly/quarterly payment requests submitted by the firms

Conduct statistical and budgetary analysis and report findings

Analyze and validate results to ensure accuracy, accountability and financial data integrity of the Mixed Income Portfolio

Analyze trends, costs, funding and financial commitment to project future revenues and expenses for Property Office Mixed Income portfolio

Compile, analyze and review operating expense reports submitted by properties and prepare budget comparisons

Initiate and process monthly subsidy payments for the Property Office Mixed Income portfolio

Performs routine and ad hoc financial analysis of the Property Office Mixed Income portfolio

Prepare monthly journal entries: TRR deposits and withdrawals; tenants’ AR, Allowance for Doubtful; etc. for corrections/adjustments

Prepare monthly reconciliations: TRR deposits and withdrawals, Notes Receivable, etc

Review and submit Bad Debt Report to the PAM Division, monthly

Prepare monthly Rent Collection versus Bank Deposit Report

Compile and prepare year-end accruals

Prepare and complete internal and external notes receivable confirms, as requested

Schedule and hold monthly/quarterly/bi-weekly meeting with various departments to discuss findings, issues/concerns, reporting requirement, etc. In conjunction, work with various internal and external partners

Make recommendations for improving the financial controls and audit functions within the Property Accounting Department

Prepare and complete Impairment Analysis for MF properties

Review and update internal and external processes and procedures

Qualification

Financial analysisBudget managementAccounting principlesMicrosoft OfficeContract managementAuditing experienceStatistical analysisVisio knowledgeCommunication skills

Required

Bachelor's Degree in an applied science: accounting or finance

Minimum of five (5) years' experience in accounting, auditing, finance or other related discipline

Experience in financial oversight to ensure the efficient and cost-effective operation of the Mixed Income Portfolio

Proficiency with Microsoft Office products (i.e. Word, Excel, PowerPoint, Access, Project & Outlook)

Ability to communicate effectively both verbally and in written form with all levels of internal and external management

Preferred

Experience in contract management, auditing and/or financial analysis

Working knowledge of Visio

Benefits

Vacation, Sick and Personal, competitive PTO package

Medical (HMO, PPO, and No employee cost High-Deductible PPO) Dental, Vision, and Life Insurance

Short-Term and Long-Term Disability Insurance

Long-Term Care Insurance

Pet Insurance

Parking Transit

Prepaid Legal Services

Brightstar 529 College Savings Plan

Identity Theft Protection

Hospital Indemnity Insurance

Voluntary Critical Illness Insurance

Deferred Compensation Plan: Empower 457/401(a) with a 3% employer match

Pension Plan: CHA makes contributions on behalf of the employee, along with the employee's 3% contribution; 100% vesting occurs after 6 years of continuous employment or opt-out of CHA's Retirement Plan and continues to participate in the Municipal Employees Annuity and Benefit Fund of Chicago