Financial Analyst - Asset Management - Full Time; 7900-302-N at Catholic Charities Brooklyn and Queens | NY, US | Rezi

Financial Analyst - Asset Management - Full Time; 7900-302-N at Catholic Charities Brooklyn and Queens

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

Catholic Charities Brooklyn and Queens · NY, US

1 weeks ago

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

Catholic Charities Brooklyn and Queens · NY, US

11 days ago
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About the Role

The Financial Analyst will focus on improving asset performance through financial reviews, budget and capital approvals, and regulatory compliance to ensure optimal property performance and a high-quality, affordable housing experience. This role reports to the Asset Manager and collaborates with internal management teams and the Fiscal Department to monitor the portfolio's fiscal and physical health.

Responsibilities

  • Assist in the preparation and submission of 21 HUD budgets based on rent increases and contract renewals to HUD/CG.
  • Scrub operational data for accuracy and analyze data to prepare trend analyses.
  • Coordinate with site personnel to obtain tenant utility data and run analysis.
  • Compile backup documentation, including ledgers and invoices.
  • Assist with agency (HPD/HCR) annual rent increase requests, tracking changes and implementation.
  • Review and perform variance analysis of financial reports.
  • Summarize and communicate analysis results to Asset Managers, identifying key areas of concern.
  • Develop recommendations to enhance the long-term financial and physical health of assigned projects.
  • 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.
  • Follow up on the status of submissions.
  • Assist in the coordination of annual audits for agency contracts and other stakeholder agencies.

Requirements

  • 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.
  • 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.

Skills

  • Microsoft Office (Word, Excel, and PowerPoint)

Location

  • Brooklyn
  • Queens
  • Five Boroughs

Work Type

  • Full-time

Experience Level

  • 3 years of experience with overall financial review, reporting and modeling of an assigned portfolio of residential properties or projects.

Education Level

  • Bachelor’s degree in real estate finance, urban planning, or business administration

Benefits

  • Competitive salaries
  • 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

About the Company

  • 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.