Accounting Manager

Overall Responsibility: Oversees the entire financial management function for the assigned

portfolios and ensures that all accounting and reporting duties are in compliance with CHA and

HUD regulations.

Essential Functions

• Budgeting Functions:
  
  

Ongoing assessment of property budgets, ensuring alignment with current

financial needs and projections.

Submit budget revisions for overages or unforeseen expenditures, adhering to

CHA's approval process.

Lead the budgeting process with department heads and ensure alignment with

strategic goals.

• Financial Reporting:
  
  

Submit monthly financial reporting packages including trial balances, income

statements, and variance reports.

Submit quarterly reports for regulatory and financial partner requirements,

including tax credits and government programs.

Ensure timely submission of external financial reports and client-specific

reporting packages.

Audit Preparation: Lead preparations for internal and external audits, ensuring all

financial documentation and processes are audit-ready.

• Cash Management:
  
  

Oversee cash disbursement processes ensuring adherence to budget controls.

Monitor cash needs for property operations and oversee overall cash

management strategy, including bank reconciliations performed by the Senior

Property Accountant.

Oversee tenant account management and ensure compliance with rent collection

and bad debt write-off procedures.

• Procurement Compliance:
  
  

Ensure compliance with procurement requirements, overseeing financial

documentation for services and material purchases.

• Debt Servicing:
  
  

Manage debt servicing for properties, ensuring proper documentation and timely

payments on loans or lines of credit.

• Audit & Financial Controls:
  
  

Maintain internal financial controls over the entire portfolio and ensure

compliance with regulatory requirements.

• Cross-Departmental Collaboration:
  
  

Collaborate with Property Management, Maintenance, and other departments,

providing financial oversight for multi-functional property needs.

Key Competencies

• Strong financial/accounting skills: The Accounting Manager must have in-depth
  
  

knowledge of financial management and accounting principles to oversee all financial

operations.

• Leadership and Interpersonal skills: This role requires strong leadership to influence
  
  

the accounting team and build relationships with department heads and senior

management.

• Excellent verbal, written communication, presentation, and project management
  
  

skills: The Accounting Manager needs these skills to communicate complex financial

information effectively to non-financial stakeholders and manage multiple financial

projects.

• Excellent analytical and problem-solving skills: Necessary for interpreting financial
  
  

data, identifying issues, and implementing solutions to optimize financial performance.

• Time Management Skills: Essential for prioritizing tasks and managing multiple
  
  

reporting deadlines.

• Ability to adapt to changing priorities: The Accounting Manager must respond quickly
  
  

to financial issues and adjust strategies as company priorities evolve.

• Ability to successfully develop and implement processes and practices: Critical for
  
  

improving and streamlining accounting processes and implementing internal financial

controls.

• Understanding of housing agencies paperwork/rules (CHA, HUD, etc.): Knowledge
  
  

of compliance with HUD and CHA regulations is essential.

• Must be proactive in identifying areas of improvement and proposing solutions:
  
  

The Accounting Manager must regularly review financial operations and suggest

improvements.

Additional Competencies

• Ability to develop SMART goals for the function and individuals: The Accounting
  
  

Manager needs to set clear, measurable goals for the accounting team and ensure they

align with the company’s overall financial objectives

Overall Responsibility: Oversees the entire financial management function for the assigned

portfolios and ensures that all accounting and reporting duties are in compliance with CHA and

HUD regulations.

Essential Functions

• Budgeting Functions:
  
  

○ Ongoing assessment of property budgets, ensuring alignment with current

financial needs and projections.

○ Submit budget revisions for overages or unforeseen expenditures, adhering to

CHA's approval process.

○ Lead the budgeting process with department heads and ensure alignment with

strategic goals.

• Financial Reporting:
  
  

○ Submit monthly financial reporting packages including trial balances, income

statements, and variance reports.

○ Submit quarterly reports for regulatory and financial partner requirements,

including tax credits and government programs.

○ Ensure timely submission of external financial reports and client-specific

reporting packages.

○ Audit Preparation: Lead preparations for internal and external audits, ensuring all

financial documentation and processes are audit-ready.

• Cash Management:
  
  

○ Oversee cash disbursement processes ensuring adherence to budget controls.

○ Monitor cash needs for property operations and oversee overall cash

management strategy, including bank reconciliations performed by the Senior

Property Accountant.

○ Oversee tenant account management and ensure compliance with rent collection

and bad debt write-off procedures.

• Procurement Compliance:
  
  

○ Ensure compliance with procurement requirements, overseeing financial

documentation for services and material purchases.

• Debt Servicing:
  
  

○ Manage debt servicing for properties, ensuring proper documentation and timely

payments on loans or lines of credit.

• Audit & Financial Controls:
  
  

○ Maintain internal financial controls over the entire portfolio and ensure

compliance with regulatory requirements.

• Cross-Departmental Collaboration:
  
  

○ Collaborate with Property Management, Maintenance, and other departments,

providing financial oversight for multi-functional property needs.

Key Competencies

• Strong financial/accounting skills: The Accounting Manager must have in-depth
  
  

knowledge of financial management and accounting principles to oversee all financial

operations.

• Leadership and Interpersonal skills: This role requires strong leadership to influence
  
  

the accounting team and build relationships with department heads and senior

management.

• Excellent verbal, written communication, presentation, and project management
  
  

skills: The Accounting Manager needs these skills to communicate complex financial

information effectively to non-financial stakeholders and manage multiple financial

projects.

• Excellent analytical and problem-solving skills: Necessary for interpreting financial
  
  

data, identifying issues, and implementing solutions to optimize financial performance.

• Time Management Skills: Essential for prioritizing tasks and managing multiple
  
  

reporting deadlines.

• Ability to adapt to changing priorities: The Accounting Manager must respond quickly
  
  

to financial issues and adjust strategies as company priorities evolve.

• Ability to successfully develop and implement processes and practices: Critical for
  
  

improving and streamlining accounting processes and implementing internal financial

controls.

• Understanding of housing agencies paperwork/rules (CHA, HUD, etc.): Knowledge
  
  

of compliance with HUD and CHA regulations is essential.

• Must be proactive in identifying areas of improvement and proposing solutions:
  
  

The Accounting Manager must regularly review financial operations and suggest

improvements.

Additional Competencies

• Ability to develop SMART goals for the function and individuals: The Accounting
  
  

Manager needs to set clear, measurable goals for the accounting team and ensure they

align with the company’s overall financial objectives