Financial Analyst - Asset Management - Full Time; 7900-302-N

For over 125 years, Catholic Charities Brooklyn and Queens has been providing quality social services to the neighborhoods of Brooklyn and Queens and currently offers 160-plus programs and services for children, youth, adults, seniors, and those struggling with mental illness.

POP Development is one of the largest providers of affordable housing in Brooklyn & Queens and housing development arm of Catholic Charities Brooklyn and Queens. POP Development transforms vacant lands and buildings into affordable housing. Through new construction and financial repositions of existing buildings, POP Development provides critical housing and supportive services to our most vulnerable populations. To date POP Development has transformed 4,330 Units into housing for low-income seniors, families, and formerly homeless individuals. POP Development provides high-quality housing that responds to the needs of low-income seniors, families and supportive populations. POP Development monitors trends and implements best practices including aging in place and sustainability measures to ensure our properties are prepared to meet the current needs and challenges.

STATEMENT OF THE JOB

The Financial Analyst is responsible for targeted projects focused on improving asset performance through comprehensive financial reviews, budget and capital approvals, and regulatory compliance, ensuring optimal property performance and a high-quality, affordable housing experience.

The position will report directly to the Asset Manager and require collaboration with the organization’s internal Management Teams, Catholic Charities Progress of Peoples Management Corporation, and the Fiscal Department to develop proactive strategies to monitor the fiscal and physical health of the housing portfolio.

• Assist in the preparation and submission of 21 HUD budgets based on rent increases and contract renewals to HUD/CG, including:
• Scrub operational data for accuracy and analyze data to prepare trend analyses.
• Coordinating with the site personnel to obtain tenant utility data and run analysis.
• Compiling of backup documentation, including compilation of ledgers and invoices.
• Assist with agency (HPD/HCR) annual rent increase requests, tracking changes and implementation.
• Review and variance analysis of financial reports.
• Summarize and communicate with Asset Managers the results of the analysis and identify key areas of concern, where applicable.
• Develop recommendations to enhance the long-term financial and physical health of projects assigned to the Asset Manager.
• Analyze rent roll, lease expiration schedule, vacancy rates, unit availability and marketing/leasing efforts to maximize occupancy and collection rates.
• Support reserve fund analysis and requests (capital and operating), including documentation collection and follow-up.
• Seek to streamline and modernize the analytical process.
• Maintain portfolio database and prepare internal performance reports.
• Maintain reporting workbooks and provide appropriate filings, documentation and reports for lenders, tax credit partners, housing finance agencies, etc.
• Monitor regulatory agreement obligations (LIHTC, HPD, HUD) and reporting deadlines.
• Manage corrective action to resolve physical and financial performance issues.
• Set up, maintain and track utility accounts for properties.
• Assist in the preparation of agency operating subsidy (DHS/HRA/ESSHI) annual budgets, budget modifications, and monthly reimbursement vouchers.
• Following up on the status of submissions.
• Assist in the coordination of annual audits for agency contracts and other stakeholder agencies.

QUALIFICATIONS

• Bachelor’s degree in real estate finance, urban planning, or business administration/
• 3 years of experience with overall financial review, reporting and modeling of an assigned portfolio of residential properties or projects.
• Ability to understand financial analysis, cash flow projections, operating budgets, written regulations, and real estate documents.
• Excellent analytical, organizational, problem-solving, computer & communication (oral & written) skills are essential.
• Proficiency in Microsoft Office (Word, Excel, and PowerPoint) are essential.
• Ability to organize efficiently and prioritize tasks appropriately.
• Frequently sitting, standing, walking, & climbing stairs.
• Should be able to operate a computer keyboard, mouse, & office equipment.
• Ability to read printed & handwritten materials.
• Ability to work flexible hours (evenings/weekends and holiday coverage) as needed.
• Able to travel throughout the five boroughs as needed.

BENEFITS

• We offer competitive salaries and excellent benefits, including:
• Generous time off (Vacation/ Personal Days/ Sick Days/ Paid Holidays annually)
• Medical
• Dental
• Vision
• Retirement Savings with Agency Match
• Transit
• Flexible Spending Account
• Life insurance
• Public Loan Forgiveness Qualified Employer
• Training Series and other additional voluntary benefits.

For more information on our organization, please visit our website at:www.ccbq.org