Development Financial Manager

ESSENTIAL DUTIES AND RESPONSIBILITIES:

The below statements are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required.

• 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.