Director of Accounting and Finance

New York City Housing Development Corporation; New York (NY); On-site; USD 145,000 - 155,000; Full time

Benefits offered by this job

Health benefits at reasonable cost

Dental and Vision benefits at no cost

Retirement plan with generous match

Paid holidays and vacation

Professional development opportunities

Public Service Loan Forgiveness for-"

Wellness reimbursement

Back-up Caregiver Benefit

Job summary

The New York City Housing Development Corporation (HDC) seeks a Director of Accounting and Finance to provide leadership over financial transactions, systems, and reporting, ensuring alignment with the Corporation’s goals and requirements. This role reports to the EVP & CFO.

Responsibilities include guiding accounting staff, reviewing complex financial transactions, enhancing reporting accuracy, and coordinating with auditors. A CPA or advanced degree is preferred; MBA in Finance is also a plus.

Qualifications

• BA/BS in Accounting, Finance, Business Administration or related field.
• Minimum 10 years of relevant experience in Accounting/Finance.
• Proficiency in accounting principles; GASB knowledge a plus.

Responsibilities

• Provide guidance and analytical support to accounting staff on recording new types of financial transactions.
• Review and analyze financial transactions for accurate accounting including mortgage, bond, and investment transactions.
• Review general ledger activity, reconciliations, accruals and other accounts for unusual trends or errors.
• Read and interpret mortgage and bond documents to set up complex financial transactions in the general ledger and discuss documents with other departments.
• Drive process improvements, automate routine tasks, and strengthen financial reporting accuracy.
• Analyze quarterly and year-end financial statements and prepare summaries of financial activities.
• Develop financial modeling tools to measure and forecast scenarios, risks, and changes.
• Assist in managing the year-end financial statement audit process with external auditors.
• Ensure compliance with local, state, and federal requirements.
• Develop processes, policies, and controls for operational standards and timely, compliant financial operations.
• Support external reporting under Public Authorities Accountability Act (PAAA).
• Guide other departments on internal controls, procedures, and policies to ensure proper financial activities.
• Serve as finance liaison to interpret financial data for corporate decision making.
• Manage other special projects as assigned by CFO and Controller.

Skills

Accounting/Finance knowledge

Staff management

Financial analysis

GASB knowledge

Microsoft Excel

Oracle Financials

PowerPoint

Copilot

Communication skills

Project management

Education

BA/BS in Accounting, Finance, Business Administration or related field

Tools

Oracle Financials

Microsoft Excel

Microsoft Access

Microsoft PowerPoint

Copilot

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: Accounting/Finance

Position Type: Full Time/Exempt

Salary Range: $145,000 to $155,000

Location: NYC/Financial District

Position Summary

The Director of Accounting and Finance provides proactive leadership in managing financial transactions, systems, accounting standards, and reporting requirements. The Director helps administer treasury activities, including financial planning, and ensures that related transactions, policies, and procedures align with the Corporation’s goals, operational needs, and applicable requirements.

This role will report to the Executive Vice President & Chief Financial Officer.

Responsibilities

• Provide guidance and analytical support to accounting staff on recording new types of financial transactions
• Review and analyze financial transactions for accurate accounting including mortgage, bond, and investment transactions
• Review general ledger activity, account reconciliations, accruals and other accounts for unusual trends, errors and inconsistencies
• Read and interpret mortgage and bond documents to set up complex financial transactions in the general ledger as well as to be able to discuss the documents with other departments
• Drive meaningful process improvements, automating routine accounting tasks, strengthening financial reporting accuracy and providing strategic decision support to the corporation
• Analyze quarterly and year-end financial statements and assist in the preparation of a written summary of financial activities for those financial statements
• Develop financial modeling and analytical tools to measure and forecast the impact of various corporation scenarios, risks, and changes.
• Assist in managing the fiscal year-end financial statement audit process; communicate and work with the external auditors and coordinate requests with accounting staff during the audit
• Ensure compliance with local, state, and federal government requirements
• Develop processes, policies, and controls to define operational standards and ensure accurate, timely, and compliant financial operations.

• Manage external reporting requirements such as required under the Public Authorities Accountability Act (“PAAA”)

• Provide guidance to other departments in relation to internal controls, procedures and policies of the Corporation to ensure that financial activities are conducted appropriately
• Serve as finance liaison to Interpret financial data to support corporate decision making

• Manage other special projects and assume additional responsibilities at the request of the CFO and Controller

Required Qualifications

• BA/BS in Accounting, Finance, Business Administration or related field with a minimum of 10 years of relevant experience in the Accounting/Finance field
• Proficiency in accounting principles; knowledge of GASB a plus
• Experience in managing a large staff for a minimum of 5 years
• Ability to analyze, interpret and communicate financial data
• Excellent problem-solving skills and analytical approaches to address challenges
• Proficiency in Microsoft (Excel, Word, Access, Power Point, Copilot) required, Oracle Financials and Business Intelligent Query Tool a plus
• Strong project management skills
• Excellent communication (oral and written) and presentation skills

Preferred Qualifications

• Mortgage and/or banking experience
• Advanced degree such as MBA in Finance
• Professional certification such as a CPA
• Experience operating in a public sector or mission driven environment working with government policies and regulations

Benefits

• Health Benefits at a reasonable cost
• Dental and Vision Benefitsat no cost
• Retirement savings plan with a generous matchandapension plan
• Paid holiday, vacation, sick timeand parental leave
• Professional development opportunities
• Public Service Loan Forgivenessfor eligible employees
• Wellness reimbursement
• Back-up Caregiver Benefit

HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including:

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.