Financial Analyst - Asset Management - Full Time; 7900-302-N
Catholic Charities Brooklyn and Queens · NY, US
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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.