Treasurer at COMMUNITY LOAN FUND OF New Jersey INC – New Brunswick, New Jersey

The Treasurer is responsible for two main areas: (1) Ongoing management of liquidity for New Jersey Community Capital (“NJCC”) as a whole, and (2) accurate and timely completion or supervision of accounting, financial reporting and tax responsibilities for several entities within the CAPC Business Line.

Overall, the goal of this role is to help ensure the continued operational success of NJCC by closely managing its liquidity as well as more focused success of a few related CAPC entities so NJCC is able to continue to execute on its stated mission.

Ongoing management of liquidity for NJCC:

Annual Responsibilities:

- Align Budget Projections with Cash Flow Projections and ensure ongoing operational viability

Quarterly Responsibilities:

- Report to the Board of Directors on status of liquidity position

- Assist with debt covenant reporting

Monthly/Bi-Monthly Responsibilities:

- Ensure proper completion and dissemination of the Current Liquidity Position Summary

- Attend relevant business line meetings such as the FP&S Meeting and Lending Pre-Screening Meeting to effectively understand cash inflows and outflows throughout NJCC

- Ensure proper completion of Temporarily Restricted Net Assets workpaper

- Provide updates on new and potential sources of liquidity

Weekly/Daily Responsibilities:

- Develop new or update existing tools to improve liquidity management

- Ensure proper completion and take action based on weekly cash flow projections

- Actively seek to develop new, reasonably priced sources of on- and off-balance-sheet liquidity. This includes meeting with banks, credit unions, foundations, governments, investment firms, etc.

- Invest excess cash while minimizing liquidity, credit, counterparty and interest rate risk

- Work with Portfolio Management and others to project and manage Asset and Liability cash flows, interest rate risk, liquidity, etc.

Accurate and timely completion or supervision of accounting, financial reporting and tax responsibilities for several entities within the CAPC Business Line:

Annual Responsibilities:

- Ensure timely and accurate completion of annual financial statement audit

- Ensure timely and accurate completion of annual tax reporting (i.e. – 1120s)

Quarterly Responsibilities:

- Provide budget-to-actual variance explanations

- Monitor and follow up on open receivables and payables including Property Management fees

- Ensure timely and accurate reporting to external parties

Monthly/Bi-Monthly Responsibilities:

- Timely review of accounting entries for accuracy and completeness

- Review bank and balance sheet reconciliations, including equity accounts

- Analytically review entity balance sheet and income statements

- Ensure accuracy of Intercompany accounts

Weekly/Daily Responsibilities:

- Support and work with investors, partners, external stakeholders, government entities, etc.

- Maintain proper internal controls

- Work closely with other departments to ensure Yardi sub-ledger reporting of rental income, receivable, roll, escrow balances, etc. is accurate and agrees to financial reporting system

- Work closely with the Finance Analysts covering A/R and A/P for the CAPC entities to ensure that obligations are met, liquidity is available timely and aged items are addressed.

Other Potential Responsibilities:

- Assist with investigating and monitoring affiliate receivables and payables

- Support other members of Financial Management

- Assist with Grant and Investment lifecycle tracking across various departments (i.e. – Resource Development, Lending, Finance, Impact, etc.)

- Maintain knowledge of relevant accounting and industry regulations and statutes

- Research issues as they arise and provide solutions or recommendations for process improvements

Assist with 1-off projects and other related duties, as necessary