Manager of Financial Reporting in Boston, Massachusetts at Massachusetts Housing Finance Agency

Title: Manager of Financial Reporting

Organization: MassHousing

Location: One Beacon Street, Boston, MA 02108

Website: https://www.masshousing.com

The Organization:

MassHousing will confront the Commonwealth's housing challenges to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $30 billion for 92,000+ rental units and 90,000+ home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.

We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.

As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing’ s total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:

· Tuition reimbursement up to $15,000 per calendar year

· A 35-hour work week and a hybrid work schedule

· Back up Child/Elder Care

· Retirement Savings including a pension and a deferred compensation plan (with a match)

· Comprehensive health, dental and vision plans

· 12 paid Holidays per year and generous sick, vacation, and personal time

· Short-Term and Long-Term Disability

· Central Boston office location, convenient to public transportation and amenities on site

If you’re ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to www.masshousing.com/workwithus.

Position Summary

The Manager of Financial Reporting oversees the preparation and accuracy of the Agency’s external financial reports, audit submissions, and compliance filings. This role leads the coordination of audit activities, supports the development of accounting policies, manages the listing of disclosure requirements, and ensures consistent, accurate, and timely internal financial reporting. The Manager of Financial Reporting contributes to the development and maintenance of internal controls and reporting systems to ensure compliance with accounting standards and regulations. This position reports to the Assistant Comptroller.

All positions at MassHousing require a customer service mindset in accordance with our values: Respect, Service, Empathy, Accountability, Collaboration, and Inclusion.

MassHousing operates under a hybrid work model; therefore, employees are expected to work on-site according to a schedule determined in collaboration with their manager and based on the needs of the role. To support effective onboarding, new employees may be required to work in the office more frequently during their first 90 days.

Essential Functions

Financial and Regulatory Reporting and Auditing

• Oversee the preparation and timely submission of the Agency’s Annual Report, Schedule of Expenditures of Federal Awards, Mortgage Insurance Fund (MIF) Financial Report, Other Post-Retirement Benefits (OPEB) and Affordable Housing Trust Fund (AHTF) Annual Reports, and other required audit submissions
• Serve as the point of contact and coordinator for additional various audits
• Oversee the preparation and timely submission of the interim quarterly reports and quarterly Information Statements
• Oversee the preparation and timely submission of annual regulatory and compliance reports, annual tax filings for designated Agency groups, and ad hoc management reports as needed
• Review and approve periodic regulatory reports

Policy Development and Disclosure Requirements

• Develop and enhance accounting policy memos and Governmental Accounting Standards Board (GASB) accounting standard adoption memos
• Maintain the quarterly disclosure requirement listing and identify updates to the required disclosures
• Partner with program accounting to develop new disclosure requirements templates
• Recommend and develop accounting policies for departmental leadership review

Accounting Operations and Financial Analysis

• Propose journal entries for the General Ledger based on financial activity and reporting needs
• Review cash flow projections and budgets
• Support internal reporting and contribute to financial analysis efforts
• Review the quarterly consolidated financial statement analysis and identify key fluctuations

Interdepartmental Initiatives and Special Projects

• Collaborate with other Finance units and Agency departments to complete ad hoc reporting requests
• Partner with the Financial Reporting Team to assess and document the accounting treatment of new transactions
• Perform additional work-related assignments as directed by department leadership

People Management

• Recruit, develop, and retain staff to ensure productivity and engagement
• Engage in performance management activities such as goal setting, performance evaluations, development planning, and continuous feedback to develop staff and achieve Agency goals
• Provide coaching, counseling, and corrective action (when necessary) to staff
• Foster a culture that reflects MassHousing’s mission and values

Security

• Comply with MassHousing’s Information Security Program and all other Agency information security policies and procedures
• Take responsibility for any Agency assets assigned to you
• Promptly report any security events, incidents, or weaknesses to MassHousing’s Information Security Team

Minimum Qualifications

• Bachelor’s degree in accounting or commensurate work experience
• 7+ years of experience in a large financial institution, nationally recognized credit review organization, or CPA firm
• Experience with GASB accounting standards, required GASB financial reporting disclosures, and financial service entity disclosures
• Proficient with Microsoft Office; advanced proficiency in Microsoft Excel
• Eligibility to work in, and travel freely to and from, the United States without sponsorship

Preferred Qualifications

• CFA, CPA, CMA, or MBA
• 7+ years of experience with a focus on mortgage lending, real estate entities, or other financial service activities
• Working knowledge of General Ledger and automated financial reporting software and/or related implementation experience
• Experience supervising teams and developing staff
• Knowledge of the housing finance industry

Essential Characteristics

• Energetic team player who takes initiative and has a dedicated focus on quality
• A proactive mindset that strives to improve reporting efficiency and accuracy through process improvements and the adoption of system solutions
• Excellent organizational skills and strong attention to detail
• Exceptional oral and written communication with comfortability in communicating at all levels of the Agency
• Strong analytical skills
• Strong leadership capabilities, including the ability to influence, mentor, collaborate, and drive results
• Comfortable multitasking, adjusts quickly to shifting priorities, and manages time efficiently in a fast-paced environment

Salary Range: $119,344.28 - $165,147.57

MassHousing is an Equal Opportunity Employer

ADA Compliance

MassHousing is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, MassHousing will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.

While performing the duties of this job, the employee is regularly required to stand, walk, and sit for extended periods of time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job.