New York City Housing Development Corporation

Chief Accountant

New York City Housing Development Corporation  •  $100k - $120k/yr  •  New York City, NY (Onsite)  •  2 months ago
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Job Description

The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.  
Area of Talent:                   Finance & Accounting   Position Type:                   Full-Time/Exempt Office Location:                NYC/Financial DistrictSalary Range:                    $100,000 - $120,000 annually   The Chief Accountant works closely with the Controller and Director of Accounting in the everyday management of the accounting department, its staff and its interaction with all departments throughout the Corporation. The Chief Accountant needs to demonstrate the ability to think logically and proactively and requires a strong aptitude for quickly grasping complex accounting topics and financial analysis, as well as the ability to quickly understand financial systems, reporting processes, and reconciliation procedures.  This role reports to the Vice President & Controller.  Responsibilities:
  • Works closely with the Controller and Director of Accounting to implement and carry out the department’s goals as well as those of the Corporation; can think through issues and solve problems; can make decisions and recognize when to escalate to senior managers
  • Supervises senior and staff accountants in the daily activities and transactions of the Corporation, and trains new staff
  • Provides guidance and analytical support to accounting staff on recording new types of financial transactions
  • Reviews and analyzes financial transactions for accurate accounting, including mortgage, bond, and investment transactions.
  • Reads and interprets mortgage and bond documents to set up complex financial transactions in the general ledger and collaborates with other departments to ensure proper understanding
  • Provides guidance and support to staff in the preparation of the Corporation’s operating budget and five-year capital plan
  • Assists Senior Managers in the preparation of the Corporation’s financial statements
  • Analyzes quarterly and year-end financial statements and prepares a written summary of financial activities for those financial statements
  • Assists in managing the fiscal year-end financial statement audit process; communicates and works with the external auditors and coordinates requests with accounting staff during the audit
  • Serves as a coordinator between the accounting division and other departments on financial, technical, and other corporate matters; represents the department at project management meetings and has the ability to report updates back to senior management as well as recommend solutions and decisions as needed
  • Maintains and updates the department’s procedural manual
Required Qualifications:
  • BA/BS in Accounting with a minimum of 7 years of relevant experience in the accounting field
  • Proficiency in accounting principles; knowledge of GASB a plus
  • 3 or more years of experience in managing a large team
  • Strong financial analysis and problem-solving skills
  • Experience in housing, government or not for profit accounting a plus
  • Proficiency in Microsoft (Excel, Word, Access, Power Point) required, Oracle Financials and Business Intelligent Query Tool a plus
  • Strong project management skills
  • Excellent communication (oral and written) and presentation skills
 It is strongly preferred that you submit a cover letter with your resume. You may also fax your resume and cover letter to (212) 227-6816. HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including:  
  • Health Benefits at a reasonable cost 
  • Dental and Vision Benefits at no cost 
  • Retirement savings plan with a generous match and a pension plan 
  • Paid holiday, vacation, sick time and parental leave 
  • Professional development opportunities  
  • Public Service Loan Forgiveness for eligible employees  
  • Wellness reimbursement  
  • Back-up Caregiver Benefit  

HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy. HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please complete the reasonable accommodations section on the application or contact Human Resources by emailing jobs@NYCHDC.com
New York City Housing Development Corporation

About New York City Housing Development Corporation

HDC seeks to increase the supply of multi-family housing, stimulate economic growth and revitalize neighborhoods by financing the creation and preservation of affordable housing for low- , moderate- , and middle-income New Yorkers.

In 1971, the New York State Legislature created the New York City Housing Development Corporation (HDC) as a supplementary and alternative means of supplying financing for affordable housing that was independent from the City's capital budget. At first HDC concentrated on providing financing for large-scale rental developments but now issues bonds and provides subsidy and low-cost loans to develop and preserve a variety of housing, ranging from large to small and rental and homeownership.

The flexibility built into HDC’s authorizing statute allows it to amend its programs and goals in response to the changing economic climate. As a result, HDC has become the leading local housing finance agency in the nation, outperforming many of the nation’s largest banks in the volume and dollar amount of bonds issued. In the 2012 calendar year, HDC was ranked third nationally in Affordable Housing Finance magazine’s annual rating of the top issuers of multi-family bonds, having issued more than $1.8 billion in bonds; more than Bank of America Merrill Lynch, JP Morgan Chase and Capital One, among others. In addition, HDC has devoted more than $1.8 billion in direct subsidy from its corporate reserves to deepen affordability of the residential developments it supports. For more information on the projects and programs we support, please visit our Press Room.

Industry
Finance & Insurance
Company Size
201-500 employees
Headquarters
New York, NY
Year Founded
1971
Website
nychdc.com
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