Resource Housing Group (RHG) is a dedicated nonprofit organization established in 1994,
committed to providing quality, secure, and affordable housing for low-income (LI) families. With
a track record of success, RHG has developed over 6,000 units of affordable housing across the
Southeastern United States, owning more than 50 affordable housing developments.
Responsibilities
· Analyze monthly financial statements of all assigned projects for variances between actual and budget, ensuring adequate escrow balances, bond funds and accruals.
· Provide monthly budget variance commentary on all assigned projects to the internal management team.
· Work closely with Property Managers to provide direction for and oversight of operating plans, budgets, and forecasts. Specific tasks include approving and submitting reserve draws, reviewing/approving third party contracts, rent increases, non-budgeted large expenditures. Participate in the annual budget review process by preparing operational trends to budget analysis.
· Assist with the year-end financial audit review to ensure accuracy of the accounting data.
· Maintain and update project summary data and financials MRI internal reporting software.
· Work closely with Property Management, Asset Management and Development.
· Carry out periodic on-site inspection property visits to evaluate the physical condition of property. Provide feedback to the Property Manager as needed.
· In conjunction with third party property management team, develop preventative maintenance program, monitor its implementation, and conduct property inspections.
· Identification and analysis of under-performing assets, and preparation and implementation of proactive operational work-out strategies.
· Review and evaluate rent structure for each property based on market analysis and ownership objectives.
· Maintain and track reporting requirements for all syndicators, investors, and financial institutions.
· Review Insurance Requirements; work with broker on obtaining new policies, and review of renewals. Open claims as needed.
· Review Property Tax assessments and submit appeals if needed.
· Perform other duties as assigned by CFO or other senior management staff.
· Keep senior management regularly informed regarding the asset performance.
Qualifications
· Four-year college degree in Accounting or Finance or related field
· Proficiency in Microsoft Office (proficient in Excel & Word)
Essential Skills
· Self-motivated with the ability to prioritize and multi-task in an environment of multiple responsibilities
· Deadline driven with a high degree of energy and enthusiasm
· Detail – Oriented
· Some experience with physical property experience
· LIHTC experience (Plus)
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