This position is responsible for all essential functions that are related to the Agency’s Mixed Finance financial activities. Incumbents in this classification perform a variety of finance and accounting tasks involving complex governmental accounting and reporting processes. May exercise direct supervision over professional and/or administrative staff.
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Plans, organizes, and manages the activities of the Mixed Finance division, including developing and implementing the division's goals, objectives, initiatives, policies, and procedures, and setting priorities; and
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Responsible for budgetary and financial accounting functions, and the expenditure of funds related to mixed finance and other special projects; and
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Oversees and guides all financial aspects of the pre-development, rehabilitation, and construction process and activities of the mixed finance properties and affiliate entities, including job cost accounting and financial reporting structures set up.
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Responsible for the preparation of mixed finance entities’ ad hoc financial reports and the financial reports as mandated by the Housing and Urban Development (HUD), including the related areas of the Agency’s Annual Comprehensive Financial Report (ACFR).
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Responsible for both internal and external audits for the affiliate entities, including gathering information from various departments, facilitating the annual financial audits, and filing tax returns as required.
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Reviews the draft audited financial statements of the discrete component units (DCUs) to ensure accuracy.
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Prepares closing journal entries at various stages of asset acquisition, conversion, construction close-out, demolition, or asset liquidation.
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Ensures the accuracy and timeliness of using the HUD LOCC system or other defined lender or investor systems to obtain reimbursement for expenditures.
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Prepares the monthly operating expense reimbursement payment requests to the DCUs.
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Prepares all operating subsidy calculations and the reconciliation of mixed finance and special project accounts.
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Coordinates mixed finance financial activities with the Office of Real Estate Development and the Asset Management departments.
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Provides support and training to other team members in the Finance department as required. Assists with the ongoing professional development of Finance staff, including direct mentorship with a focus on the development necessary to advance; and
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May plan, organize, and provide direct supervision of professional and accounting staff assigned to the division; reviews workload, schedules, project status, and personnel availability for assignments.
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A bachelor's degree from an accredited college or university with major coursework in finance, accounting, public administration, business administration, or a related field; and
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Seven (7) years of experience of a progressively responsible nature in accounting, auditing, and financial work, including implementing accounting systems.
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Three years in a supervisory role or management role.
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Equivalent combinations of education, training, and experience will be considered.
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Possession of, or ability to obtain, a valid California driver’s license and an insurable driving record.
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Demonstrate knowledge and experience in real estate development activities, Low Income Housing Tax Credits (LIHTC), Tax-Exempt Bonds, Department of Housing and Community Development (HCD), California Housing Finance Agency (CalHFA), and Department of Housing and Urban Development (HUD).
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Generally accepted government accounting principles and associated laws and regulations.
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Generally accepted government audit standards, practices, and the contents of the Government Auditing Standards issued by the General Accounting Office.
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Advanced governmental accounting theory, practice, and financial statements preparation, as well as fund management.
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Internal controls, including their purpose and limitations; how to perform reviews and evaluations of internal controls; how to perform risk assessments; how to design and implement control procedures.
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Operation and maintenance of automated financial enterprise systems and their use in financial management, control, and reporting, particularly as it relates to the general ledger and associated subsidiary ledgers, and fixed asset control.
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Principles and practices of governmental data processing as related to the processing of accounting and budgetary information and the interpretation of input/output documents.
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Principles of budgetary preparation, administration, and control. Laws and regulations related to the Authority’s fiscal operations, including those of HUD.
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Principles and practices of effective employee supervision, training, and performance evaluation.
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