Development Financial Manager at CINCINNATI METROPOLITAN HOUSING AUTHORITY in Cincinnati, Ohio

Job Description:

SCOPE: The Financial Manager of Development will provide guidance and supervision to the Financial Analyst through the lender underwriting process by helping to build the Total Development Budget and Operating Proformas for each project, as well as collaborate with the development team and executive management to structure and negotiate terms of funding sources. During the Development phase this position will work closely with the Finance & Accounting Department to ensure that all transactions are recorded correctly in both the project entity and CMHAs accounting systems and financial statements. The position reports directly to the Director of Housing Development.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
The below statements are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required.
Provide guidance and supervision of the Financial Analyst employee/s for the financial funding of projects in
Construction/Development phase, many of
which will simultaneously be in the operations phase.
Supervise the Financial Analyst employee who perform financial reporting and budgeting in Construction/Development phase.
Collaborate with CMHA Property Management, Procurement, Legal, Finance & Accounting, Real Estate
Construction, Compliance and Relocation departments to coordinate costs, compliance/reporting, and timing of funding delivery for each project.
Understand and collaborate with executive management to structure and negotiate agreeable terms with partners,
investors and lenders.
Manage CMHAs partnership commitments regarding Reserve Accounts for entities and approval of capital
expenditures.
Monitor financial details to ensure that lender requirements are met.
Review financial reports to improve budgeting and planning.
Analyze financial statements in order to prepare business activity reports and forecasts.
Analyze public housing portfolio in order to optimize conversion to Section 8 funding platform.
Participate as member of management team to make financial decisions.
Direct Financial Analyst during development of construction budget and structuring funding, ensuring
underwriting and loan closeout processes.
Establish and maintain relationships in order to communicate and interact with outside parties, including but not
limited to lenders, lawyers, professional tax preparers and independent auditors.
Perform additional duties as assigned.