What are the responsibilities and job description for the Financial Analyst I position at Pennsylvania Housing Finance Agency?
Job Title: Financial Analyst I
Location: Harrisburg, PA (PHFA Headquarters)
Key Responsibilities:
Review and analyze audited financial statements to determine surplus cash, cash flow, owner distribution, and compliance with PHFA legal documents.
Perform annual financial reviews of properties for credit quality and compliance with PHFA regulations. This may include the review of monthly operating reports, general ledgers, and disbursement journals.
Review annual operating budgets submitted by the management agent.
Assist in the multifamily development process underwriting PennHomes and tax credit proposals.
Review requests for capital expenditures and authorize appropriate funding from PHFA-held reserves or project-held funds.
Establish, monitor, and revise, as necessary, project escrow and reserve accounts. Authorize payment from the various accounts.
Monitor collateral securities for compliance with PHFA legal documents and authorize the release or extension as appropriate.
Enter reviewed budgets, portfolio and non-portfolio income statements into the AS400 system.
Monitor delinquencies for debt service, escrow, and reserve payments, as reported by the Finance Division.
Review, assist, and respond on an ongoing basis to requests and correspondence from owners, management agents, and Agency personnel pertaining to financial issues of their assigned properties.
Prepare reports, spreadsheets, and other responsibilities as required by the Director of Housing Management and/or Manager of Financial Operations.
Qualifications:
- Computer proficiency in Microsoft Office applications.
- Ability to effectively communicate, both verbally and in writing.
- Ability to travel periodically, including overnight.
- Ability to safely and successfully perform the essential job functions consistent with the ADA, FMLA and other federal, state and local standards, including meeting qualitative and/or quantitative productivity standards.
- Ability to maintain regular, punctual attendance consistent with the ADA, FMLA and other federal, state and local standards.
Preferred Qualifications:
- A.S. or B.S. in Accounting, Business Administration or similar
- CPA or experience in property management accounting.
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Paid time off
- Retirement plan
- Tuition reimbursement
- Vision insurance
Schedule:
- 8 hour shift
Work Location: In person
