Financial Manager - Development

Company Description TMDA is positively renowned as a Talent Solutions and Human Resources Advisory organization. We provide a consultative approach in partnering with our clients and members of their team. Our HR Solutions group serve as an extension of the clients; thereby providing compliant growth at a scalable and sustainable rate. Firm Principles Our Mission: Our mission is to connect quality talent with projects they are passionate about, while helping our clients achieve mission critical deliverables to support their organizational goals. Our Vision: Our vision is to become the most trusted Human Resources Consulting Company by providing exceptional advisory services to both our clients and our candidates through maintaining the highest standards in the process. Our Values: TMDA follows these core values, not just within our organization, but also with our clients and employees placed with them; Accountability, Empowerment, Inclusion, Originality & Ubiquity. TMDA operates with integrity and transparency. Most Direct Client Benefits: Pay Transparency State Ranges Depending on Location California | Colorado | Connecticut | Maryland | Nevada | New York | Rhode Island | Washington Paid Time Off Matching 401K Paid Federal Holidays HSA, FSA, Disability, and Life Insurance Medical, Dental, and Vision Insurance Responsibilities: The Financial Manager of Development will provide guidance and supervision to the Financial Analyst through the lender underwriting process by helping to build the Total Development Budget and Operating Proformas for each project, as well as collaborate with the development team and executive management to structure and negotiate terms of funding sources. During the Development phase this position will work closely with the Finance & Accounting Department to ensure that all transactions are recorded correctly in both the project entity and Client's accounting systems and financial statements. The position reports directly to the Director of Housing Development. Essential Duties and Responsibilities: The below statements are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required. Provide guidance and supervision of the Financial Analyst employee/s for the financial funding of projects in Construction/Development phase, many of which will simultaneously be in the operations phase. Supervise the Financial Analyst employee who perform financial reporting and budgeting in Construction/Development phase. Collaborate with Client Property Management, Procurement, Legal, Finance & Accounting, Real Estate Construction, Compliance and Relocation departments to coordinate costs, compliance/reporting, and timing of funding delivery for each project. Understand and collaborate with executive management to structure and negotiate agreeable terms with partners, investors and lenders. Manage Client's partnership commitments regarding Reserve Accounts for entities and approval of capital expenditures. Monitor financial details to ensure that lender requirements are met. Review financial reports to improve budgeting and planning. Analyze financial statements in order to prepare business activity reports and forecasts. Analyze public housing portfolio in order to optimize conversion to Section 8 funding platform. Participate as member of management team to make financial decisions. Direct Financial Analyst during development of construction budget and structuring funding, ensuring underwriting and loan closeout processes. Establish and maintain relationships in order to communicate and interact with outside parties, including but not limited to lenders, lawyers, professional tax preparers and independent auditors. Perform additional duties as assigned. Qualifications: To perform this job successfully, an individual must be able to perform each competency satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Desired Qualifications: Ability to understand and implement both HUD and IRS regulations. Ability to evaluate data and financial information affecting each entity. Demonstrated ability to explain and justify complex financial transactions. Strong interpersonal skills with demonstrated ability to interact effectively with internal and external stakeholders. Demonstrated ability to understand and negotiate terms with partners, investors and/or lenders. Experience in reviewing financial statements for reasonableness and examine transactions in depth. Ability to understand complex legal documents. Experience dealing with a large range of information and documents requires effective organizational skills Demonstrated experience with various accounting software (ie. Quickbooks, Oracle, SAP, Yardi, Emphasis Elite). Experience in the development of subordinates through coaching and mentoring. Proficiency in Microsoft Word and Powerpoint. Advanced proficiency in Excel, and willingness to learn Excel and financial modeling. Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future. Education, Experience and Certifications: Bachelor's degree in Finance, Accounting, Economics, Business Administration, Real Estate, Urban Planning or Other related field; a Master's degree, Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) licensure is a plus. Five (5) to Seven (7) years senior level experience in finance or accounting industry regulated by Generally Accepted Accounting Principles (GAAP) and Internal Revenue Code (IRS). Three (3) to Five (5) years senior experience in HUD financial reporting standards and regulations. Experience in structuring Real Estate development projects with certification of skill level. Physical Demands and Work Environment: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to maintain a stationary position, operate computers and other office equipment, move about the office, attend onsite and offsite meetings, and communicate. The employee must be able to sit or stand for eight hours while performing essential work duties. The employee must be able to accurately exchange information in person, in writing and via e-mail and telephone. The employee must be able to perform essential job functions in an environment that could have increased stress levels. Others: The candidate must possess and maintain a valid driver's license in state of residence, and maintain an insurable driving record under the terms and conditions of the Client auto liability policy. The candidate may have no more than 6 accumulated points in 3 consecutive years. Travel Requirements: This position will involve no travel. State Specific Notices Massachusetts Applicants: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liabilities. Maryland Applicants: Under Maryland law, an employer may not require or demand, as a condition of employment, prospective employment, or continued employment, that an individual submit to or take a polygraph examination or similar test. An employer who violates this law is guilty of a misdemeanor and subject to a fine not exceeding $100. I certify that all of the above information is true and complete, and I understand that any falsification or omission of information may disqualify me from further consideration for employment or, if hired, may result in termination regardless of the time elapsed before discovery. Note: An offer of employment is conditioned upon complying with Company's requirements including, but not limited to, signing a consent to conduct a background investigation. I agree, and it is my intent, to sign this employment application by electronically submitting this document to the company. I understand that my signing and submitting this document in this fashion is the legal equivalent of having placed my handwritten signature on the submitted document. Additional Information TMDA is proud to be an equal-opportunity employer. Qualified candidates are considered for employment without regard to race, color, religion, sex, or national origin. All your information will be kept confidential according to EEO guidelines. If you would like to request reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a diverse ability, please call or email for other accommodation options.

Created: 2024-11-02