Director of Accounting - DHIC
We envision a housing ecosystem that provides and promotes equity, generational wealth, health and wellness for the communities in which we work.
DHIC supports individuals, families, and seniors by providing homes and opportunities that promote the financial, physical, and mental well‐being of people and communities.
Established in 1974, DHIC, Inc. is the Research Triangle area's leader in affordable housing development, maintaining an emphasis on innovation, quality, attractive design, and green features at our properties. DHIC has constructed, acquired and/or rehabilitated 3,224 affordable rental units in 46 different locations in eight counties in North Carolina, and has built more than 350 new homes for first time homebuyers in Wake County. Together, these projects leveraged $600 million in direct investment from both the private and public sectors. In addition to numerous designs, community service, and management recognitions we have received, DHIC is consistently rated as an “Exemplary” member of the NeighborWorks® America national network of non-profit community developers. DHIC is also a member of the Housing Partnership Network.
Learn more about DHIC at www.dhic.org.
The Opportunity and Nature of Work
The Director of Accounting is responsible for accounting functions for DHIC, current projects under development, and oversight of accounting for affiliated operational properties in the DHIC portfolio. Included in the portfolio oversight is review of income statements, balance sheets, and cash flow reports for the portfolio and required quarterly reporting to our federal funder, NeighborWorks America. Collaboration with various departments, including Asset Management, Real Estate Development, and third-party Property Management, in a fast-paced, deadline driven environment will be required. A firm belief in the organization’s mission and strong commitment to customer service is essential.
This individual reports to the Vice President of Finance.
Duties & Responsibilities
Key responsibilities include, but at any given time may not be limited to:
- Coordinate month-end process for DHIC with department staff
- Oversee/perform reconciliations of DHIC and subsidiary accounts
- Maintain a system of controls over accounting transactions; ensure compliance with internal and external policies and procedures
- Serve as liaison for DHIC Finance to third-party property management accounting departments
- Review subsidiary financials and variance analysis quarterly with Asset Management
- Establish and maintain effective working relationships with audit and tax accountants, management company staff, lenders, and investors
- Monitor Accounts Payable process to ensure timely processing; ensure vendor terms are being managed to meet cash flow needs of the organization/various projects
- Oversee Accounts Receivable function, working with Senior Corporate Accountant
- Work with VP of Finance to maintain the Real Estate Development month-end process for multiple projects; ensure job cost reports are accurate and reconcile to project managers’ project budgets
- Perform preliminary review of all subsidiary audits, analyze the reserves, review intercompany payables/receivables, and other analysis as needed
- Monitor compliance for project bond issuances; review and understand requirements for new bonds prior to funds being issued
- Assist with schedules for grant applications and/or other requests that arise from grantors
- Maintain the reporting systems in place for NeighborWorks America and attend the webinars for finance-related topics
- Coordinate and submit the NeighborWorks quarterly Online Reporting System (ORS) reports
- Design and input information into DHIC reports, such as budgets, line of business reports, board reports, ratio analysis, business plans, and other reports as needed
- Work with CFO/SVP of Operations, VP of Finance, VP of Asset Management, and VP of Resource Development on a data management plan for the organization
- Support DHIC organizational goals and mission
- Ad-hoc projects, as necessary
Background & Qualifications Desired
- Bachelor’s degree in accounting, finance, or related field required
- Minimum of 10 years professional experience with 4-7 years of managerial experience
- Strong knowledge of nonprofit accounting principles, regulations, and reporting requirements (GAAP, FASB, IRS Form 990, etc.)
- CPA, CGMA, CMA, or comparable financial certification preferred
- Excellent analytical and problem-solving skills, with keen attention to detail
- Advanced proficiency in accounting software and financial management systems
- Excellent verbal and written communication skills
- Ability to work collaboratively and build effective relationships with stakeholders at all levels
- Real estate finance, property, and development accounting preferred
- Working knowledge of Low-Income Housing Tax Credit program preferred
This position is expected to maintain regular hours of work which will be a combination of remote work and working in a normal office environment at the DHIC administrative office in downtown Raleigh. Periodic site visits will be expected, as well as various off-site meetings. The employee is expected to meet the physical demands to perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
How to Apply
Please provide all requested information to be considered. In case of any technical problems, contact [email protected]. No phone calls, please, and no applications will be accepted by email or directly from third-party posting sites.
DHIC is committed to a diverse and inclusive workforce and encourages all candidates, especially those who have been historically under-represented based on race, ethnicity, age, disability, sexual orientation, gender, socioeconomic status, citizenship status, or religion to apply.
Review of candidates will begin in September 2023 and continue until the position is filled.