Financial Analyst I

It's fun to work in a company where people truly BELIEVE in what they're doing!

We're committed to bringing passion and customer focus to the business.

Job Description

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.

Assist Escrow Officer on supplier invoice request, customer invoice, supplier and customer contacts related to Workday Finance.

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, Supervisor of Financial Operations and/or Supervisor of Financial Compliance.

Qualifications:

A.S. or B.S. in Accounting, Business Administration or at least two years accounting/auditing experience.

Computer proficiency in Microsoft Office applications.

Ability to effectively communicate, both verbally and in writing.

Ability to travel periodically, including overnight.

Preferred Qualifications:

CPA or experience in property management accounting.

Workday Finance

Entry-level professional with some experience to contribute on a project or program. Role learns to use professional concepts to resolve problems of limited scope and complexity under close supervision while achieving day-to-day objectives. Works on developmental assignments that are initially routine in nature, requiring limited judgment and decision making. This level is typically focused on self-development. Requires theoretical knowledge through specific education and training.

Qualifications
Associate of Science, Decision Making/Problem Solving, Relevant professional experience (2-5 years)

Experience
Relevant professional experience (2-5 years)

EEO Statement

As an employer, PHFA is committed to having a workforce that is diverse and reflects the residents that it serves. We strive to maintain a workplace where all employees and applicants for employment receive equal opportunities in all aspects of employment. There are numerous policies in place at PHFA to help us honor this commitment.

The Pennsylvania Housing Finance Agency is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, disability, family status, gender, national origin, political affiliation, race or religion.

Diversity Statement

PHFA values, honors and commits to the equitable treatment and elimination of discrimination in all forms. We are committed to the diversity of all staff, and in all programs and services offered.