What are the responsibilities and job description for the Development Financial Manager position at CINCINNATI METROPOLITAN HOUSING AUTHORITY?
ESSENTIAL DUTIES AND RESPONSIBILITIES:
The below statements are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required.
- Direct financial funding of projects in Construction/Development phase, many of which will simultaneously be in
Operations phase.
- Collaborate with CMHA Property Management, Procurement, Legal, Finance & Accounting, Real Estate Construction,
Compliance and Relocation departments to coordinate costs, compliance/reporting, and timing of funding delivery for each project.
- Understand and collaborate with executive management to structure and negotiate agreeable terms with partners,
investors and lenders.
- Manage CMHA’s partnership commitments regarding Reserve Accounts for entities and approval of capital expenditures
- Monitor financial details to ensure that lender requirements are met.
- Review financial reports to improve budgeting and planning.
- Analyze financial statements to prepare business activity reports and forecasts.
- Analyze public housing portfolio to optimize conversion to Section 8 funding platform.
- Participate as a member of the management team to make financial decisions.
- Direct Development Analysts during development of construction budget and structuring funding, ensuring underwriting and loan closeout processes.
- Establish and maintain relationships to communicate and interact with outside parties, including but not limited to lenders, lawyers, professional tax preparers and independent auditors.
- Perform additional duties as assigned.
