CONTROLLER - HOUSING

.The Financial Controller – Housing Portfolio works closely with the Chief Financial Officer and Asset Management Team to ensure the long-term sustainability and financial viability of our affordable
housing real estate portfolio.
Essential Responsibilities
• Oversee the performance of affordable housing properties, ensuring they meet financial and
operational goals.
• Develop a thorough understanding of each property and partnership, including but not
limited to, Limited Partnership Agreements, loan documents, housing subsidy covenants
and other legal documents.
• Develop a thorough understanding of the challenges at each property to develop and
implement strategies to improve performance.
• Identify potential risks and develop mitigation strategies. Ensure proper insurance coverage
for all properties, collaborate with Property Management Team to manage claims, and work
with insurance providers to minimize risk exposure.
• Supervise portfolio accounting staff.
• Monitor financial performance, including budgets, expenses, and revenue. Prepare and
review financial reports, variance analyses, and forecasts.
• Prepare and review monthly property financial dashboard and operational report with Asset
Management Team. Select properties that should be on the watchlist and provide a
narrative as to the reason why and corrective action being taken to address issues causing
watch list status.
• Develop and present annual operating budgets for Board, partner and/or investor approval.
• Manage outgoing communication regarding portfolio finance with Boards, partners,
investors, local agencies, housing authorities and government entities.
• Lead portfolio accounting staff in conducting annual audits, ensuring they are completed on
time and result in the issuance of unqualified audit reports.
• Work closely with Management and the Real Estate Development Team to property
structure property rents, utility schedules, operating expense budgets, and reserve deposits
and withdrawals to prepare a property for recapitalization and/or refinancing.
Required Skills or Abilities
• Strong understanding of affordable housing programs, including HUD, LIHTC, and other
federal, state and local regulations.
• Working knowledge of tax laws and generally accepted accounting principles
• Strong financial analysis and budgeting skills
• Strong communication skills, both written and verbal
• Proficiency in Microsoft Office
• Exceptional organizational skills including multi-tasking, prioritization, and meeting high
priority deadlines.
• Mission-driven and able to maintain strong values and seek creative solutions in a positive,
team-oriented and judgement free environment.
Education and Experience
• Bachelor’s degree in Accounting, Finance or Real Estate required.
• 5 years’ experience in management lever accounting, affordable housing experience
preferred.
 

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