Finance Manager - Real Estate

Housing Authority of New Haven    New Haven, CT
Job Description


Responsible for performing and managing general accounting and financial control functions of the organization’s predevelopment/development activities and multiple asset management sites, and the preparation of reports and statistics reflecting predevelopment and development financial activities, asset management sites earnings, profits, cash balances, and other financial results for the assigned Programs,. Implements HUD-approved requirements (where applicable) and Generally Accepted Accounting Principles (GAAP) to ensure that financial and operational reports accurately reflect the condition of the business, and provide reliable information necessary to control operations. The Finance Manager – Real Estate will be responsible for multiple companies, funds and/or grants and/or accounts, and perform or manage the functions required to produce accurate financial information from sub ledgers, general ledgers and reports in relation to their assigned companies/funds/grants/accounts. The Finance Manager – Real Estate will supervise and train other staff. This position reports directly to the Vice President of Finance or his/her designee and interacts significantly with the Senior Vice President of Finance, I.T. and Administration and other members of the Finance Department and third party entities.

This position is responsible and accountable for the accuracy and correctness of financial information and timeliness of presentation of information.


  • Oversees General Ledgers and detailed financial transactions for the organization’s predevelopment/development and multiple asset management sites. The Finance Manager-Real Estate is responsible for multiple companies/funds and/or grants.
  • Implements general accounting, property accounting, budgeting and internal control protocols to ensure that transactions are recorded in accordance with GAAP, HUD-requirements and the financial requirements established for the Finance Department.
  • Interprets operating results as they affect the financial aspects of the Authority and makes specific recommendations to the Vice President of Finance and Senior Vice President of Finance, I.T. and Administration, which will result in budget control, cost reduction and profit improvement.
  • Prepare and issue required monthly, quarterly and year-end financial statements, prepare and analyze budget to actual reports, analyze and reconcile accounts and comments on significant variances or trends for the predevelopment/development and various asset managed sites. Develop recommendations to maintain budget controls.
  • Monitor accounts for the correct and accurate accounting classifications of all expenditures and documents.
  • Prepare all required documents to comply with rules, regulations and independent audits.
  • Prepare statistics for periodic and yearly financial statements, including the preparation of charts and graphs showing progress, conditions and results.
  • Provide recommendations in the design and implementation of accounting-related computer applications.
  • Prepare a variety of regular and special reports and analyses as needed by the organization.
  • Oversee invoice processing for the predevelopment/development and asset managed sites to ensure timely payment.
  • Prepare cost allocations when applicable.
  • Prepare and review journal entries.
  • Prepare and process non-routing transactions.
  • Ensure timely monthly bank reconciliations.
  • Close monthly financial transactions timely.
  • Prepare and/or review a variety of federal and state tax returns and/or reports as required.
  • Maintains a high level of expertise in the field of Real Estate and asset management accounting.
  • Outlines and monitors cash-flow.
  • Prepares all information for development activity drawdown’s timely.
  • Supervises Staff
  • Performs other related duties as assigned.ADDITIONAL RESPONSIBILITIES
  • Other responsibilities may include working with the organizations departments, outside investors, lawyers, accountants, financial analyst and others in relation to projects and initiatives for the organization. Assisting the Senior Vice President of Finance, I.T. & Administration and Vice President of Finance with Strategic Planning and Action Plans. .


  • Degree in accounting, finance or related field.
  • A minimum of six (6) years of experience as an Accountant ideally gained through employment at a Public Housing Authority or real estate and asset management companies.
  • Certified Public Accountant preferred.
  • Knowledge of legal, tax, accounting, financial and management principles and laws is required.
  • Familiar with real estate and asset management accounting practices, Low Income Housing Tax Credit, IRC Section 42, the financial reporting requirements of Section 42 of the Internal Revenue Code and of the Connecticut Housing Finance Agency and other related areas is a plus.
  • Experience with processing Accounts Payable, Revenue Collection recording, Journal Entry Processing, General Ledger postings and reviews, Budget preparation and monitoring, Financial Statement preparation and review, 3rd party Billings and working with multiple cost centers, allocation processes and complex financial transactions required. Accounting and reporting for multiple residential property complexes required.
  • Well-developed financial analysis capabilities,
  • Demonstrated ability to manage microcomputer operations and applications.
  • Proficient in using a personal computer system and Microsoft programs
  • Sound organizational and administrative skills.
  • Excellent communication skills, written and verbal.PERSONAL CHARACTERISTICS
  • High energy level, comfortable performing multifaceted projects in conjunction with normal activities.
  • Strong analytical and reasoning abilities.
  • Superior numeric skills.
  • Well organized.
  • Well-developed interpersonal skills.
  • Ability to establish credibility and be decisive, but able to recognize and support the organization’s preference and priorities.APPLICATION AND SUBMISSION

    All applications and/or resumes must be in the Human Resource Office on or before February 15, 2019.


    Job Type: Full-time

    Salary: $72,337.00 to $96,450.00 /year


  • Real Estate: 1 year (Preferred)
  • Accounting: 6 years (Required)
  • Location:

  • New Haven, CT (Preferred)
  • Work authorization:

  • United States (Preferred)
  • Benefits offered:

  • Paid time off
  • Parental leave
  • Health insurance
  • Dental insurance
  • Retirement benefits or accounts
  • Education assistance or tuition reimbursement
  • Commuting/travel assistance

  • Tue, 12 Feb 2019 13:32:17 GMT

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