Development Financial Manager

Cincinnati Metropolitan Housing Authority; Cincinnati (OH); On-site; USD 70,000 - 90,000; Full time

Job summary

A metropolitan housing authority in Cincinnati is seeking a professional to manage the financial aspects of construction and development projects. The role involves collaborating with various departments, analyzing financial statements, and ensuring compliance with lender requirements. Candidates should have extensive experience in financial management within the construction or development sector, along with strong analytical skills. This position is crucial for optimizing funding delivery and maintaining effective partnerships with stakeholders.

Qualifications

• Experience in financial management and funding for construction or development projects.
• Strong analytical skills with a background in financial statements and budgeting.

Responsibilities

• Direct financial funding of projects in the Construction/Development phase.
• Collaborate with various departments to coordinate funding delivery.
• Monitor financial details to ensure compliance with lender requirements.

Job description

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Direct financial funding of projects in Construction/Development phase, many of which will simultaneously be in Operations phase.
• Collaborate with CMHA 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 CMHA’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 to prepare business activity reports and forecasts.
• Analyze public housing portfolio to optimize conversion to Section 8 funding platform.
• Participate as a member of the management team to make financial decisions.
• Direct Development Analysts during development of construction budget and structuring funding, ensuring underwriting and loan closeout processes.
• Establish and maintain relationships 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.