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Kensington

    Assistant Controller - Kensington, United States - Housing Opportunities Commission

    Housing Opportunities Commission
    Housing Opportunities Commission Kensington, United States

    2 weeks ago

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    Description
    Job Code:
    PD24-25

    Posted On:
    Closing On:

    Friday, 1st March 2024
    Monday, 3rd June 2024

    Department:

    Finance

    Location:

    Main Office
    Kensington, Md
    10400 Detrick Avenue

    Job Type:

    Full Time

    Education:

    4 Year Degree

    Pay Rate:

    Grade 30; Salary $84,956 - $144,865 | Salary determined by departmental budget- Offer commensurate with experience

    Job Description:

    The Housing Opportunities Commission of Montgomery County (HOC) was established in 1974 to better respond to the County's need for affordable housing. HOC is authorized to acquire, own, lease, and operate housing; to provide for the construction or renovation of housing; obtain financial assistance from any public or private source to assist its housing activities; and arrange for social services, resident services and day care.

    The Assistant Controller is a professional accounting and management level position responsible for assisting the Controller with the management of the Finance Division, including financial statement review, audit oversight and supervision of the day to day activities of the central accounting office to include all general accounting functions (i.e. Property Accounting, Public Fund Accounting, Bond Accounting), accounts receivable, accounts payable, payroll and other assigned administrative tasks.

    Work requires that an employee have considerable knowledge in a variety of complex accounting functions including Generally Accepted Accounting Principles (GAAP), governmental, nonprofit and bond accounting.

    An employee in this class will coordinate the Agency audit and preparation of audit with the Controller as well as monitor the general accounting department (i.e. payroll, accounts receivable and payable), Bond Financing, Single Family Fund, Multifamily Funds, HUD, Capital Funds, and Property Accounting functions in order to assure proper procedures and control are being followed.

    Supervisory controls are moderate in that the employee is highly skilled in public sector accounting and is expected to coordinate assignments and resolve important matters. Guidelines are substantial in the form of Federal and State law, accounting standards, auditing standards and specific programs standards.

    The complexity of this position mainly deals with the necessity of the employee to create or modify standards due to the growth in volume of accounting and compliance requirements and the need to manage new or expanding programs. The impact of this position is upon the effectiveness of the Accounting Department as well as the accuracy and timeliness of the HOC's accounting reports.

    Personal contacts include staff from within and outside of the department, Executive Director, Chief Financial Officer, senior staff, Commissioners, external private/public agencies for the purpose of resolving, explaining, advising on those issues or tasks more complex and difficult. Work is generally performed in an office environment with no apparent hazards to the employee.

    Responsibilities:

    • Prepare quarterly consolidated financial statements
    • Manage and coordinate the submission of financial reports for County and State ACFR consolidation
    • Supervise General Fund Accounting and Bond Accounting
    • Banking liaison with Agency bank and HOC
    • Oversee cash management and investments - recommend and research investment opportunities
    • Supervise the Multifamily Fund and Single-Family Fund during bond issuance
    • Supervise journal entries and review monthly closing process
    • Review staff work for accuracy
    • Oversee and training of internal controls
    • Review, approve or correct financial records produced from Yardi. Verify that financial software systems maintain data integrity
    • Assist Controller for the direct and indirect supervision of the staff in the Accounting Department to include overseeing all personnel actions, recruitment and performance appraisals
    • Ad hoc analysis as necessary
    • Review Agency wide accounting policies for necessary updates
    • Coordination of interdivisional projects
    • Perform other related duties and special projects as assigned

    Required Qualifications:

    • Bachelor's degree in Accounting, Finance Business or related field.
    • At least 5 years of senior level experience as an Accountant
    • At least 2 years of supervisory experience
    • Knowledge of accounting principles, practices, governmental accounting, grant, cost accounting, bonds
    • Considerable knowledge of modern office practices and procedures related to accounting
    • Knowledge of, or ability to acquire knowledge of governmental laws, rules and regulations governing accounting activities at HOC
    • Ability to develop and make improvements in accounting methods, procedures forms and records
    • Knowledge of computerized spreadsheets, databases and computerized accounting systems
    • Ability to organize, analyze and interpret financial data to solve accounting problems
    • Ability to communicate effectively, both orally and in writing.
    • Ability to supervise and train subordinates
    • Ability to plan, direct and coordinate the activities of the Accounting Department

    Preferred Skills:

    • CPA preferred

    Low-income residents in Montgomery County with the above qualifications are encouraged to apply.

    HOC is an equal opportunity employer committed to diversity and inclusion in the workplace. All
    qualified applicants will receive consideration for employment without regard to sex, race,
    color, age, national origin, religion, disability, genetic information, marital status, sexual
    orientation, gender identity, gender reassignment, citizenship, immigration status, protected
    veteran status, or any other basis prohibited under applicable federal, state or local law. HOC
    promotes a drug-free workplace.

    HOC conducts criminal background checks, employment reference checks, and where
    applicable, reviews driving records in determining suitability for employment. Selected
    applicants will be required to submit to pre-employment drug and alcohol screening.
    Employment is contingent upon drug and alcohol test results.

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