Financial Analyst

Overview

Date Posted:
5/5/2022
Job Code:
310501A01UD-FIN
Location:
Financial Management
Address:
1133 N. Capital Street, N.E.
City:
Washington
State:
DC
Country:
United States of America
Hourly Minimum:
37.38
Hourly Maximum:
48.77
Category:
Administrative and Support

Description

 

Summary

The primary purpose of this position is to perform a variety of accounting, budgeting, and other financial duties, concentrating on financial planning and the development, analysis, and maintenance of comprehensive financial statements and reports for the District of Columbia Housing Authority. The position requires sufficient knowledge and skill to analyze financial data and extract and define relevant information, and to interpret data to determine past financial performance and/or project a financial probability.  

This position supports Authority programs, including, but not limited to, COCC, DCHE, CSA, Grants, HCVP, Marigold, Business Activity Units, Blended Component units, DCHE, CSA, Temple Courts, CVI, DC Housing Solutions, Oak Street Preservation), Privately Managed Companies and LIPH as needed.

All activities must support the District of Columbia Housing Authority's (“DCHA” or “Authority’s”) strategic goals and objectives and produce results that accomplish the goals of the Office of Financial Management (“OFM”).

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. Other duties may be assigned.

  • Records, reports, interprets and monitors financial transactions and events for assigned program area(s), and performs accounting and financial analysis of data reported in the Authority’s financial system; prepares specialized management reports;
  • Performs statistical, cost, and financial reporting analysis of business activities and components, financial reports and data, and prepares subsequent narrative analysis for management;
  • Assists in updating and reconciling the Authority’s general ledger, balance sheet, and income statement information, monthly, quarterly and annually: booking appropriate accruals;
  • Monitors budget line items for assigned programs; identifies and ensures that funds are available and being properly charged to the appropriate line item;
  • Performs month-end balancing process in a timely manner, monitors system balancing, and investigates and corrects problems in interfaces Prepares monthly bank reconciliations using the Authority’s automated software system; ensures that fiduciary reports accurately reflect results of financial operations; ensures that statutory requirements of the U.S. Department of Housing and Urban Development (HUD) and the District Government are met using the Authority’s automated software system;
  • Creates new account strings for general ledger accounts and cost codes;
  • Responsible for analyzing financial statements for accuracy of account classification; prepares adjusting journal entries to accounts; makes revisions to various spreadsheets, Reconcile Balance Sheet and Income statement Accounts;
  • Uses technology and software systems and tools to collect needed information including Yardi, Excel, Visual Homes and any new software that is needed to maintain the Authorities books;
  • Assists in planning, implementing, and maintaining the financial information systems;
  • Assists the Finance Manager with the annual year-end closing process, including financial preparation for annual audit. This includes the preparation of PBC schedules on a timely basis and other Analysis as needed to support the variances year over year. Responsible for maintaining  account analysis that ties out the general ledger and preparing proper backup documentation for all Accounts;
  • Assists the Budget Manager with the preparation of special, annual, and other budget estimates as needed, and ensures that the data requested is accurately documented;
  • Assists in reviews of financial and internal control to determine whether such controls are adequate to meet management objectives and ensures the safeguarding of assets; recommends security and system control procedures;
  • Conducts continuous assessments of the financial process to evaluate the application, efficiency, effectiveness, and suitability to current conditions, and makes appropriate recommendations and improvements when necessary;
  • Performs other related duties as assigned.

Minimum Requirements

 

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Job Competencies

  • Comprehensive knowledge of the policies, goals, objectives, operational entities, requirements and activities as they apply to assigned programs
  • Professional, comprehensive knowledge of and experience in the interpretation and application of accounting theory, generally accepted accounting principles, and concepts
  • Comprehensive knowledge of and ability to organize, interpret, and evaluate financial and management data
  • Detailed, intensive knowledge of the policies, precedents, goals, and objectives of financial oversight sufficient to record, classify and interpret financial transactions; and prepare financial statements
  • Comprehensive knowledge of program cost accounting system and accounts for expenditures by line item, program, unit and fund source
  • Knowledge and ability to review and interpret a variety of documents including federal and local laws, and regulations
  • Uses technology and software systems and tools to collect information required to perform and document financial analyses, reconciliations, projects, month-end reports, and financial statement preparation
  • Detailed, intensive knowledge of the policies, precedents, goals, objectives, and regulations governing  budget formulation and preparation; and the ability to analyze financial and budgetary relationships to develop recommendations for financial and budgetary action
  • Comprehensive knowledge of general ledger accounting
  • Comprehensive knowledge of and experience in organizing, interpreting, and evaluating budgetary, financial and management data
  • Proficient in statistical concepts such as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis

Education and/or Experience

Bachelor’s degree from an accredited college or university with an emphasis in accounting or finance; and a minimum of four years of progressively responsible general ledger accounting experience, including a considerable concentration on financial analysis in a large public jurisdiction, utility or corporation; an equivalent combination of education and experience will be considered.

The District of Columbia Housing Authority (DCHA) conducts pre-employment screening on specified positions, which may include but is not limited to a criminal background check, drug and alcohol testing, verification of academic credentials, licenses, and certifications, and/or verification of work history. 

This position has been designated by the department to require a drug and alcohol screening and background check.  Finalist(s) for this position will be subject to drug and alcohol testing and will be required to consent to a pre-employment background check as a condition of employment.

DCHA values the safety of our employees, our residents, and our visitors. In support of these values, if you are selected for this job you must be fully vaccinated against COVID-19, which includes all eligible booster shots, except when vaccination is not medically advised or violates your sincerely held religious beliefs in violation of EEO laws. If you are invited to join our team, you must submit proof that you are fully vaccinated against COVID-19 to your initial HR representative.