Financial Analyst – Ann Arbor Housing Commission
Pay Rate Information – $61,000 to $70,000/year (Offer will be commensurate with experience)
Benefits offered with this position include:
• Defined benefit pension plan
• 401a with City match
• Optional 457 Deferred Compensation plan
• Reciprocal Pension Credit, available for pension-qualified applicants
• Retiree health reimbursement account
• Very generous medical/dental/vision/pharmacy plans
• Paid vacation, personal time, floating holiday, plus sick days. Unused vacation and sick time rolls over
• Short-term disability, life insurance, and AD&D insurance
• Flexible spending accounts
• Wellness Incentive Program in which participating employees can earn up to $500 annually. These dollars will be deposited into a health reimbursement account (HRA), which can be used toward eligible health care expenses
• Tuition reimbursement up to $5,000 annually; must be employed 1 year to be eligible
• Employee assistance program
• Voluntary benefits like Long Term Disability, accident coverage, critical illness, LegalShield, and Identify Theft
Duties are performed under the direct supervision of the Finance Director-AAHC and general direction of the Executive Director, and may include the following:
• Prepares data and reports for HUD including VMS and EIV.
• Assists in monthly financial statement closing process including handling monthly journal entries, account reconciliations and related problem-solving/troubleshooting.
• Monitors budget performance for voucher and housing programs and creates unique management reports as required for staff, senior management, the Board or others, as appropriate.
• Conducts special studies affecting program financial performance including utility allowances, rent collection, overtime minimization, etc. to recommend process and operational improvement.
• Ensures Agency and federal procurement policies and procedures are complied with and assist with Request for Proposals, Bid processes and contract execution
• Supports management in the development and rollout of benchmarks and performance metrics.
• Ensures compliance with grant agreements and federal requirements under A-133 and A-87 and any other applicable laws and regulations.
• Assists with Asset Management in compliance with the Public Housing financial requirements of U.S. Dept. of Housing and Urban Development (HUD) and compliance with Section 42 IRS code requirements related to tax credit properties.
• Sets up and monitors resident repayment agreements per AAHC approved policy; runs delinquency report each month and processes notices to quit, as applicable per AAHC policy and notifies supervisor of accounts at the complaint and summons stage.
• Conducts fraud investigations based on evidence obtained from fraud detection tools or complaints received.
• Analyzes evidence and confer with the General Counsel or his or her designee to determine whether or not sufficient evidence exists to take adverse action and testify as needed.
• Conducts informal conferences and field investigations with participants, vendors, employees, or other persons as necessary.
• Calculates amounts owed to AAHC due to underreported income or fraud and enter into repayment agreements with appropriate parties.
• Continuously assists with the development of fraud policy, forms, procedure, and provide training to staff as needed.
• Supports ad hoc requests for financial analyses.
• Performs other related financial work and special projects as assigned.
Knowledge of: (position requirements at entry)
• Budget and planning methods and procedures
• Sound internal control procedures
• Mathematics to include addition, subtraction, multiplication and division as needed to calculate percentages, fractions, decimals, averages, totals, and ratios.
• Sound financial reporting practices and procedures
• Fund Accounting for multiple federal and non-federal programs, cost centers, grant phases, redevelopment projects with tracking of multiple funding sources
• Generally accepted accounting principles (GAAP) and other similar standards including financial statement preparation, debits and credits, revenues and expenses, and liabilities as needed to analyze and interpret complex accounting data.
• Governmental accounting principles and practices including accounts payable, budgeting, project/fund management, and debt services as needed to analyze and interpret complex municipal accounting data.
• Governmental Accounting Standards Board (GASB) guidelines.
• Accounting, budgeting and housing regulations to include housing programs, Voucher and specialized HUD funded programs as needed to ensure compliance with regulations.
• Computer applications related to financial reporting such as database, spreadsheet, and word processing as needed to develop reports and correspondence and provide information.
• Accounting system software as needed to establish documentation of financial transactions and prepare reports.
• Ability to analyze complex problems and reports and reach sound conclusions as needed to audit financial accounts and find inconsistencies in financial data.
Skills and Ability to: (position requirements at entry)
• Properly utilize accounting, finance and planning principles, practices and procedures
• Problem solve and demonstrate decision making and analytical capabilities
• Set priorities, coordinate multiple projects, work independently and meet critical deadlines
• Ability to trace and identify transactions in financial records as needed to find errors or discrepancies
• Ability to perform difficult and complex accounting functions to include applying accounting principles and performing automated accounting transactions as needed to establish, monitor, and maintain grant accounts
• Ability to establish and maintain cooperative working relationships with individuals to include vendors, employees, co-workers, and department directors as needed
• Ability to exhibit interpersonal sensitivity to include patience, tact, establishing rapport, using appropriate body language and eye contact, and determining and utilizing the proper attitude for the situation as needed to show empathy or sympathy, recognize the implications of actions or statements on others, interact effectively with the individuals and the public, and deliver negative or tragic information in a sensitive and understanding manner.
• Ability to identify legal concerns and to analyze legal and practical implications of decisions and actions and to make decisions regarding AAHC financial operations while ensuring compliance with local, state, and federal laws and guidelines.
• Ability to interpret and explain narrative information such as state and federal laws, rules and regulations, contractual agreements, legal documents, and departmental policy and procedure as needed to research accounting issues, explain information to others, and gain an understanding of procedures and laws.
Standard office equipment, PC, fax, copier, calculator, multi-line telephones and other miscellaneous office equipment.
Training and Experience (position requirements at entry)
• Bachelor’s Degree from an accredited college or university with a major in Finance, Accounting, Economics, Business, Public Administration or closely related field.
• At least five (5) years of experience in accounting and financial analysis
• At least five (5) years of experience in planning, budgeting and forecasting
• The City of Ann Arbor, at its discretion, may consider an alternative combination of formal education and work experience.
• Master’s degree from an accredited college or university with a major in Finance, Accounting, Economics, Business, Public Administration or a closely related field.
The physical demands described here are representative to those that must be met by and employee to successfully perform the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.
Positions in this class typically require: reaching, lifting, grasping and repetitive motions.
Individual must be able to either hear, talk, or see.
Move and lift light objects less than 20 lbs. such as mail, files, and supplies. Operating office equipment requiring continuous or repetitive hand/arm movements. The ability to remain in a sitting position for extended periods of time.