Financial Analyst

Apply for a Job Apply for a Job for JAWS Users Create a Profile Create a Profile for JAWS Users System Requirements First consideration will be given to those applicants that apply within the first 14 days. Minimum Entrance Requirements\: Applicants must have at least (A) four years of full-time, or equivalent part-time, professional experience in accounting or auditing, of which at least (B) two years must have been in a supervisory, administrative or managerial capacity, or (C) any equivalent combination of the required experience and the substitutions below. Substitutions\: I. An Associate's degree with a major in accounting, business administration or business management may be substituted for a maximum of one year of the required (A) experience.* II. A Bachelor's degree with a major in accounting, business administration or business management may be substituted for a maximum of two years of the required (A) experience.* III. A Graduate degree with a major in accounting, business administration or business management may be substituted for a maximum of two years of the required (A) experience and one year of the required (B) experience.* *Education toward such a degree will be prorated on the basis of the proportion of the requirements actually completed. NOTE\: Educational substitutions will only be permitted for a maximum of one year of the required (B) experience. Comprehensive Benefits When you embark on a career with the Commonwealth, you are offered an outstanding suite of employee benefits that add to the overall value of your compensation package. We take pride in providing a work experience that supports you, your loved ones, and your future. Want the specifics? Explore our Employee Benefits and Rewards! An Equal Opportunity / Affirmative Action Employer. Females, minorities, veterans, and persons with disabilities are strongly encouraged to apply. The Commonwealth is an Equal Opportunity Employer and does not discriminate on the basis of race, religion, color, sex, gender identity or expression, sexual orientation, age, disability, national origin, veteran status, or any other basis covered by appropriate law. Research suggests that qualified women, Black, Indigenous, and Persons of Color (BIPOC) may self-select out of opportunities if they don't meet 100% of the job requirements. We encourage individuals who believe they have the skills necessary to thrive to apply for this role. EOHLC is seeking a Financial Analyst/Accountant IV in the Office of Administration & Finance/Division of Public Housing & Rental Assistance! AGENCY MISSION: The Executive Office of Housing and Livable Communities (EOHLC) is charged with creating more homes in Massachusetts and lowering housing costs for residents. Formerly known as the Department of Housing and Community Development (DHCD), EOHLC works with municipalities, local housing authorities, non-profit organizations, and development partners to provide affordable housing options, financial assistance, and other support to Massachusetts communities. OVERVIEW OF ROLE (NOT ALL INCLUSIVE ): The Rental Assistance Fiscal Unit is charged with overseeing and processing all fiscal transactions related to federal and state housing programs. Federal housing programs include Section 8 programs such as Moving to Work (MTW), Family Unification Program (FUP), Veteran’s Assistance Supported Housing (VASH) / Housing Choice Voucher Program (HCV), Foster Youth to Independence (FYI), Stability Vouchers (STV), Mainstream 5, Mod Rehab, Family Self-Sufficiency (FSS), and the Section 811 Project-Based Rental Assistance Demonstration Program (PRAD). State Housing Programs include Massachusetts Rental Voucher Program (MRVP), Alternative Housing Voucher Program (AHVP) and Department of Mental Health (DMH). The Financial Analyst position is responsible for the financial management of federally and state funded Section 8 programs. The Section 8 Programs are\: MTW, FUP, VASH/HCV, FYI, STV, Mainstream 5, Mod Rehab, Family Self-Sufficiency (FSS), 811 PRAD program, Massachusetts Rental Voucher Program (MRVP), Alternative Housing Voucher Program (AHVP) and Department of Mental Health (DMH). This position also serves as a secondary/back-up person for other fiscal position(s) within the unit. The incumbent provides financial, administrative and programmatic support to the Agency’s Section 8 program. They develop and maintain information tracking systems; prepare and process payments; produce regular programmatic and financial reports; provide technical assistance to housing agency staff; perform site reviews; resolve payment problems; and analyze program financial performance. All financial records are maintained in accordance with federal regulations, established Agency practices and professional accounting standards. DUTIES AND RESPONSIBILITIES (NOT ALL INCLUSIVE): 1. Leadership: · The incumbent provides financial, administrative and programmatic support to the Agency’s Section 8 program, including but not limited to MTW, FUP, VASH/HCV, FYI, STV, Mainstream 5, Mod Rehab, Family Self-Sufficiency (FSS), 811 PRAD program, Massachusetts Rental Voucher Program (MRVP), Alternative Housing Voucher Program (AHVP) and Department of Mental Health (DMH). · Gathers and assembles financial and related data in order to present such information for review and analysis. Makes recommendations of appropriate action based upon identified patterns of analyzed data. · Responsible for the oversight of special projects and coordination of computer requirements and report generation. · Designs systems to facilitate the management of short-term temporary programs; tracks payments and provides information as required. · Provides clarification and assistance to housing agency staff concerning EOHLC program reporting and implements them once approved. 2. Tracking & Reconciliation: · Maintains information tracking systems to identify housing assistance payments by fiscal year allocation; identify location of documents in the payment processing cycles and monitor financial and program performance data of local housing agencies. · Maintains double entry sets of books on Federal and State Section 8 programs to provide accurate financial information in conformance with federal and state requirements. 3. Reports · Reviews MOSAIC reports to ensure payments have been processed through the Treasurer's system and funds remitted as directed. Reviews MOSAIC reports to track and project spending and other operational data to provide supervisors with necessary information for enhanced decision-making. · Reviews and reconciles financial requisitions and prepares and submits payment vouchers with a high degree of accuracy and attention to detail, minimizing the need for corrections or revisions by the Supervisor. Ensures payments are processed efficiently and in a timely manner, helping to prevent delays in the payment process. 4. Funds Availability & Payment Processing: · Year-to-date monthly expenditures for all accounts are reported and projections are updated by the 15th of the month, no later than the 17th of the month. Utilizes MOSAIC reports to confirm funding availability and tracking of monthly expenditures. · Confirms there are sufficient funds available in MOSAIC for all payment vouchers that are submitted to the Accounting Unit for processing. · Reviews information, late charges and MOSAIC reports to ensure payments have been processed through the Treasurer’s system and funds remitted as directed. · 5. Collaboration: · Designs, in consultation with the supervisor, comprehensive spreadsheets to monitor, analyze, and forecast project expenditures and operational metrics, improving reporting accuracy and supporting effective management decision-making. · Confers with program staff in order to exchange information, coordinate flow of work and to obtain information concerning ongoing programs.