Financial Analyst

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<div class="isg-job-description“>Job Title: Financial Analyst
Location: Chicago IL 60601
Duration: 06 Months will be Extended

Certifications:

• CFS or CFP certification required (completed within one year or earliest available date, whichever is later).

Job Description:

• Assist the Manager – Portfolio Analysis in tracking and aggregating financial data portfolio-wide and preparing reports on demand with particular emphasis on data used in determining financial ratings and related components
• For troubled properties whether in the Portfolio Risk Management pipeline or not, acts as an additional resource to the property’s assigned Financial Analyst ensuring there is a path to compliance and financial stability through increased analysis and communication
• Proactively tracks impactful financial compliance deficiencies and assists the property’s assigned Financial Analyst when following up to ensure proper and timely resolution
• Suggests and implements proactive strategies as appropriate to resolve properties’ financial issues
• Responsible for performing secondary reviews of several forms and documents handled by the Portfolio Analysis team ensuring adherence to policy, sound financial decision-making by properties, and protection of IHDA’s interests. These forms and documents may include, but are not limited to: reserve withdrawal requests, (audited) financial statements, escrow analyses, operating budgets.
• Performs complex financial calculations based on owner/agent submissions as well as internal data to assess financial feasibility/viability and ensure compliance
• Participates in regular loan monitoring, watchlist, delinquency meetings as appropriate
• Plans, leads, and executes financial analysis projects related to the IHDA portfolio
• Ability to lead calls with clients/developers
• Ability to present using PowerPoint and tell the story to various levels of management for assigned projects.

education:

• Education: Bachelor’s degree required, Master’s degree preferred. experience may be substituted for education at the discretion of the Asset Management department.

Experience requirement:

• Experience: At least 2 or more years’ experience conducting financial analysis or fiscal monitoring for multifamily rental housing developments required. Experience with affordable housing preferred.
• Proficiency in Generally Accepted Accounting Principles (GAAP) and audit protocols desired.
• Knowledge of the following funding sources/programs desired: LIHTC, HOME, Section 8, Risk Share, Tax Exempt Bonds, and Illinois Affordable Housing Trust Fund preferred.
• Proficiency in Microsoft Office Suite required particularly advanced Excel, intermediate Word, and Power Point
• Training: Financial, financial compliance, risk management training required (completed within one year or earliest available date, whichever is later).
• Certifications: CFS certification required (completed within one year or earliest available date, whichever is later).
• Valid Driver’s License: Yes.
• Access to Personal Vehicle: Not required.
• Frequency of Travel: Less than 5%, occasional visits to clients/developers, and perform training sessions off site and or participate in industry training opportunities as provided and approved by Management

Physical Requirements:

• Alternating between sitting, standing, and walking. Ascending and descending stairs. Crouching and stooping. Pushing and pulling. Reaching overhead or below. Repetitive task movements (filing, keyboarding, copying). Lifting, carrying, and moving objects of up to 10 -15 pounds.

About our Company: –
22nd Century Technologies, Inc., is one of the fastest growing IT Service Integrator and Workforce Solution companies in the United States. Founded in 1997, 22nd Century Technologies is a Certified National Minority Business Enterprise with 6,000+ people including 600+ Cyber SMEs nationwide supporting our customers in all 50 states, Canada, and Mexico. With HQs in Somerset, NJ and Mclean, VA, 22nd Century has 14 offices throughout the United States. As part of our unrelenting focus on quality and compliance, 22nd Century Technologies’ delivery is based on Certified Matured Processes including CMMI L3 Dev & SVC, ISO 20000, ISO 27001, and ISO 9001 quality processes. With a strong focus on the public sector, 22nd Century currently holds government contracts with 14 out of 15 Federal Executive agencies including DoD, 37 other Federal agencies, 50 States, 115+ Local agencies, and 37 School Districts. In the last three years, we have expanded our services to Fortune 500 and other commercial clients and currently support 80+ commercial clients.
Recognized among “Best Company to Work For” by Forbes, 22nd Century Technologies, Inc., consistently exceeds our clients’ expectations by focusing on their absolute satisfaction with jobs while keeping our employees motivated.
“22nd Century Technologies is an Equal Opportunity Employer” and “US Citizens & all other parties authorized to work in the US are encouraged to apply.”
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.