Heritage Christian Services

Treasury Analyst

Job Locations US-NY-Rochester and surrounding areas
Job ID
2020-2312
Category
Accounting/Finance

Overview

Heritage Christian Services is seeking candidates for the Treasury Analyst position. In this role you will represent the agency as the accountant responsible for treasury functions.

Responsibilities

  1. Fixed Asset Accounting
    • Responsible for all aspects of fixed assets for the agency – in excess of $57 million in assets. This includes reviewing and analyzing costs that go through the fixed asset GL accounts and determining the correct classification of such costs. This also includes reviewing the fixed asset accounts to identify if items have been erroneously posted and correcting any mispostings. Correctly capitalized costs are then recorded in our fixed asset software where appropriate accounts must be assigned as well as useful lives. Also involved is the analysis of pre-operational accounts where costs are captured on larger projects. Those costs are then analyzed to determine what should be capitalized and expensed. Expensed items will be reclassed to appropriate accounts and when the project is completed capitalized costs must also be moved to the fixed asset system for appropriate recording.  In addition all dispositions of assets and recording of gains/losses are completed by this position. Responsible for monthly recording depreciation expense.
    • Depreciation forecasting – utilizing the fixed asset software and the approved capital budget, prepares the annual budget for depreciation expense as part of the agency annual budget.
  2. Preparation and tracking of the Capital Budget
    • Responsible for all aspects of creation and tracking of the capital budget. This includes communication to directors with instruction on how to submit requests, accumulating requests into the capital budget format and determining appropriate funding source and classification between requests for expensed items and capital items. Also responsible for working with facilities staff to track the progress of the capital budget throughout the year, understanding where projects are in process, forecasting when projects will be complete and what projects may not be completed prior to yearend for consideration in subsequent year’s budgets. Also responsible for tracking the capital budget contingency to identify when it has been met and additional board approvals are necessary.
  3. Monthly miscellaneous cash entries
    • These entries include interest rate swap entries, payments to Key Bank on financing agreements, all payments made via ACH –which includes determining proper account classification for each payment, draws and repayments on the line of credit and any other miscellaneous entries not posted by others as well as clearing of the suspense account which includes determining proper account classification for each item.
  4. Monthly cash reconciliation
    • Responsible for reconciling the agency operating cash account which includes roughly $15 million of transactions each month and posting any necessary correcting entries or directing others to make adjustments that may be needed to ensure that cash is properly reflected in our financial statements.
  5. Cash forecasting
    • Responsible for forecasting year end cash based on historical experience, judgment and information gathering from other members of the team. In addition comparing forecast to actual and preparing explanations of significant variances. Identifying any areas of concern that may need to be addressed – cash balance declining, payments being received less than forecasted, etc.
  6. Debt accounting
    • Responsible for recording all new debt that is taken out by the agency. Preparing five year debt repayment schedule for all debt including limited partnerships for the purpose of forecasting future debt payment requirements. Determining and recording the current portion for financial ratio analysis of current ratio. Establishing amortization schedules for all new debt including items financed through the capital line of credit for the purposes of the five year debt forecast. In addition, items financed through the capital line of credit must be amortized monthly to property reflect interest expense and balances remaining.
    • Debt forecasting – utilizing the capital budget and five year debt repayment schedule prepare budget for interest expense as part of the annual agency budget.
  7. Monthly Limited Partnership (LP) financials
    • Post all journal entries for five Limited Partnerships monthly. Prepare and analyze financial statement to identify any large variances that might indicate an error or a change that may be an area for concern. Provide financials to limited partners and answer any questions the limited partners or auditors may have related to these statements.
    • Prepare budgets for all LPs as part of the agency annual budget preparation.
  8. Affordable housing compliance
    • Maintains income certification files and tenant leases for certified homes funded with Low Income Housing Tax Credits, HOME funds and Federal Home Loan Bank funding
    • Coordinates audits with investors, lenders, etc. related to affordable housing funding.
    • Prepares and provides all information requested for compliance audits, answers any questions that arise during the audit and coordinates follow up on any issues raised.
    • Prepares regular compliance reporting for Federal Home Loan bank projects.

Qualifications

  • BA in Accounting, Finance or Business required or other degree with related experience in accounting
  • Excellent Communication Skills
  • Excellent Computer Skills
  • Working knowledge of Microsoft Office, Excel, Great Plains Accounting Software, BNA Fixed Assets
  • A valid NYS driver’s license that is in compliance with Agency standards

Our Commitment to Equity and Justice

 

We believe that people are entitled to dignity, respect, equity and justice. We champion a society that removes barriers. We reject racism and discrimination of any kind. We protest systemic and political inequities that marginalize people, recognizing that there is a history of structural racism in the United States. We will continue to learn and change to achieve justice. We know that strength comes from unity. As you speak out, be strong, faithful and well.

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