HCD Financial Analyst IV 
|Department||DHCD - Div of Dev Finance - Administration|
|Date Opened||10/29/2018 12:23:00 PM|
|Filing Deadline||11/12/2018 11:59:00 PM|
|Salary||$56,743.00 - $73,946/year (Grade 20/base - step 9, with potential growth to $91,107)|
|HR Analyst||Drew Holcombe|
This is a permanent Skilled Service position with full State of Maryland benefits.
Work that Matters - The Maryland Department of Housing and Community Development is a national leader in the development of affordable housing and community development lending. We are proud to be at the forefront in implementing housing policies that promotes and preserves homeownership and creating innovative community development initiatives to meet the challenges of a growing Maryland.
LOCATION OF POSITION
7800 Harkins Road, Lanham, Maryland 20706
The Department of Housing and Community Development's Headquarters Office is located in Prince George's County across from the New Carrollton Metro stop.
The Division of Community Development Administration is seeking a qualified candidate for the position of Multi-Family Accountant. The Multi-Family Accountant position is responsible for the servicing, accounting and reporting of approximately $500 million in loans for approximately 71 multi-family housing projects located throughout the State of Maryland.
This position examines and analyzes billings, receipts and escrow changes and records these transactions in the Division of Community Development Administration's sub-ledgers. The position requires knowledge of generally accepted accounting principles, financial management software systems, real estate finance, and mortgage loan servicing. The ability to interpret complex legal documents is also essential. This position reports accurate and timely information regarding this loan portfolio to senior management, the general ledger team, asset managers, borrowers, the trustee, and mortgage insurers. Accurate servicing and accounting is critical for Division of Community Development Administration to meet its fiduciary and disclosure obligations to bondholders.
By issuing tax-exempt bonds for the Multi-Family Program, the Division of Community Development Administration meets the mission of the Department by providing financing at attractive interest rates for non-profit and for-profit entities to construct and rehabilitate multi-family properties. This financing expands the housing opportunities and affordability for low and moderate income citizens across the State of Maryland.
Education: A Bachelor’s degree in Finance, Business Administration, Economics, Accounting or a related field from an accredited college or university.
Experience: Four years of professional financial analysis experience, such as managing financial asset and debt portfolios, examining, analyzing, and interpreting accounting, budget, grant or real estate investment portfolio records and reports by applying generally accepted accounting principles.
1. A Certified Public Accountant (CPA) certification or documented eligibility to sit for the CPA Examination may be substituted for the educational requirement.
2. A Master’s degree in Finance, Business Administration, Economics, Accounting or a related field from an accredited college or university may be substituted for two years of the required experience.
3. Candidates may substitute one year of professional financial analysis experience, such as managing financial asset and debt portfolios, examining, analyzing, and interpreting accounting, budget, grant or real estate investment portfolio records and reports by applying generally accepted accounting principles for 30 credits on a year-for-year basis for the required education.
4. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the accounting field of work on a year-for-year basis for the required education and experience.
DESIRED OR PREFERRED QUALIFICATIONS
Operating in a Team Environment
Strong Communication Skills (Verbal and Written)
Experience with bond accounting methods
Experience reviewing Financial Legal Documents
Advanced knowledge with Pivot Tables, V-lookups and Amortization Schedules
LICENSES, REGISTRATIONS AND CERTIFICATIONS
Please provide sufficient information on your application to document that you meet the minimum qualifications for the recruitment. Unofficial transcripts, certifications or diplomas to document educational or certification qualifications are required. Educational credentials from foreign countries must be evaluated by an approved education review service. This evaluation must be submitted with your application. For further information, you may call International Consultants of Delaware, Inc. (302) 737-8715 or World Education Services Inc. 1-800-932-3897 or (202) 331-2925. Successful candidates will be placed on the employment (eligible) list for at least one year. Eligible list may be used to fill future vacancies of the same classification.
Successful candidates must document eligibility to work in the U.S. upon hire. The Maryland Department of Housing and Community Development is not sponsoring new employees in application of the H-1B Visa at this time due to budgetary constraints. All applicants must be legally authorized to work in the United States under the Immigration and Reform Control Act of 1986. Federal regulations prohibit H1B Visa candidates from paying sponsorship fees, all sponsorship fees must be assumed by the potential employer.