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Controller

Posted on Nov 5, 2021 by Greater Cleveland Partnership

Cleveland, OH 44101
Accountancy
Immediate Start
Annual Salary
Full-Time

POSITION SUMMARY:

The Controller is part of a team of finance professionals responsible for the daily operations of Cleveland Development Advisors (CDA) in the management of its portfolio of real estate investment funds, as well as oversee the daily compliance and reporting to the Department of the Treasury Community Development Financial Institutions (CDFI) Fund as it relates to New Market Tax Credit (NMTC) Program and CDFI Program. This position is responsible for a variety of accounting and finance reporting tasks which require a solid understanding of loans, fund accounting, real estate accounting, non-profit accounting and NMTC industry.

ESSENTIAL FUNCTIONS:

  • Responsible for the daily oversight of the budget and financial management function of CDA and its investment funds, including:
    • Manage the GCP Accounting services contract and staff and review monthly accounting statements and management reports
    • Review loan receivable reconciliation and payment reports and invoices
    • Assist in preparation of annual Budget for CDA Funds and monitor operations against the budget
    • Prepare loan proceed advances and other wires
  • Primary liaison with outside accounting firms to ensure timely completion of CDA investment funds audits, tax returns, agreed upon procedures to meet investor, IRS and CDFI Fund deadlines
  • Work with CDA loan portfolio staff on the semi-annual risk ratings and loan loss review to analyze impact on the financial statements and prepare necessary financial statement schedules
  • Lead and oversee annual compliance reporting to Community Investment Impact System (CIIS) required for both NMTC Program and CDFI Program required by the CDFI Fund.
  • Work closely with CDA asset management and loan closing team to ensure proper documentation is maintained in file
  • Responsible for NMTC fund borrower and investor relations and serve as the primary daily contact during compliance period and ensure all required investor reporting requirements are met.
  • Oversee daily grant management reporting and tracking.
  • Prepare, submit and/or present necessary accounting, budget and grant materials presented to CDA Board of Directors and Audit, Finance and Compliance Committee.
  • Assist in the preparation of CDA funds financial forecasts
  • Assist with special projects, as needed such as special board presentations, impact projects
  • Build, cultivate and maintain positive working relationships with project sponsors, borrowers, investors, co-lenders, consultants, and community professionals to support and advance CDA's mission
  • Other job-related functions as assigned.

PREFERRED EDUCATION, EXPERIENCE AND SKILLS:

  • Undergraduate degree emphasizing accounting, finance or business related field with relevant experience required. Graduate degree and/or CPA certification a plus.
  • 7-10 years of relevant experience
  • Strong working knowledge of Generally Accepted Accounting Principles, taxes, and internal controls.
  • Ability to adapt approach, strategy and tactics rapidly in response to changing information and program needs
  • Ability to analyze and improve processes and procedures.
  • Ability to make suggestions for problems or concerns.
  • Excellent written and verbal communication skills.
  • Strong interpersonal communication skills (diplomacy, tact, eg)
  • Strong facility with computer programs essential to business communication (particularly Word, PowerPoint, Excel and other Microsoft Office programs; and loan program software

Reference: 1390873879

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