ACCOUNTANT ADVANCED [C11019/216347]

Work that Matters. The Maryland Department of Housing and Community Development (DHCD) is a national leader in financing affordable housing and revitalizing communities.  Pursuing a career with DHCD is an opportunity to join a high impact, award-winning organization and apply your skills to a valuable public purpose in a challenging and dynamic field.  DHCD is seeking qualified candidates for the position of Financial Analyst within the Community Development Administration (CDA), a nationally recognized state housing finance and community development agency.  CDA administers the Local Government Infrastructure Finance Program (“the Program”) – enabling Maryland’s incorporated municipalities to access capital with reasonable rates and terms to fund critical infrastructure projects.  The Financial Analyst will play an integral role in program administrative activities including in-depth financial analysis.

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Crownsville, Maryland

In the future, DHCD will be relocating from Crownsville, Anne Arundel County, to the New Carrollton transit stop location in Prince George’s County.

Infrastructure Analyst:

The Financial Analyst assists the Manager of Infrastructure and Portfolio Investments (Manager) of CDA Finance in organizing and conducting financial analysis, investment and accounting management for CDA's Finance Office. Specifically, under direction from the Manager, the position is responsible for monitoring and tracking Infrastructure Finance Program activities. This includes maintaining detailed records that speak to local government participants, loan receivable balances, as well as review and process draw requests involving unspent loan proceeds, updating reports (i.e. State-stat, Managing for Results, Consolidated Plan), and undertaking credit analysis of a multimillion CDA infrastructure loan portfolio financed with revenue bond proceeds. Additionally, the financial analyst will be responsible for assisting the Manager in developing financial tools and procedures necessary to optimize investment, debt and cash flow management for the major CDA bond indentures. This is a highly analytical and technical position. It requires a basic understanding of principles of revenue bond finance, computerized financial management and modeling systems, and bond debt servicing. This position manages, performs, and organizes financial analysis primarily for the Local Government Infrastructure Financing Program (the 'program') indentures and overall CDA investment portfolio. Applicants should be self-starters; possess strong financial, analytical, communications and relationship management skills; and be able to work both independently and within teams.

Eligible list may be used to fill future vacancies of the same classification. Future vacancies exist with the below job duties. If you are interested in one or both of these positions, please submit an application for this recruitment.

Multi-Family Bond Accountant:

This position examines and analyzes billings, receipts and escrow changes and records these transactions in CDA’s subledgers.  This position is also responsible for the general ledger accounting of FAF proceeds.   In addition, CDA’s multifamily accounting team administers the outside servicing of more than 54 Special Housing Opportunity Loans and 14 Single Family loans that were also financed with the proceeds of multifamily housing revenue bonds. The position requires knowledge of generally accepted accounting principles, computerized financial management systems, real estate finance and mortgage loan servicing. The ability to interpret complex legal documents is essential. This position reports accurate and timely information regarding these loans to senior management for inclusion in bond disclosures, to the trustee, to asset managers, to mortgage insurers, to borrowers and to CDA’s general ledger team. By issuing the bonds, CDA meets the mission of the Department by providing financing at below-market interest rates for non-profit and for-profit entities to construct and rehabilitate multifamily properties. This below market financing expands the housing opportunities and affordability for low and moderate income citizens in Maryland.  Accurate servicing and accounting is critical for CDA to meet its fiduciary obligations to bondholders.

Please read carefully. Minimum qualifications are REQUIRED. Please provide UNOFFICIAL COLLEGE TRANSCRIPTS to verify your education. If you do not meet this criteria your application will not be considered.

Education: A Bachelor's degree in Accounting from an accredited college or university, including or supplemented by three credit hours in auditing.

Experience: Three years of experience examining, analyzing and interpreting accounting systems, records and reports by applying generally accepted accounting principles.

Notes:

1. Candidates may substitute a Bachelor’s degree from an accredited college or university with thirty credit hours in Accounting and related courses, including or supplemented by three credit hours in auditing for the required education.

 2. Applicants who have met the requirements for admission to the CPA examination prior to July 1, 1974 will be considered to have met the educational requirement referenced above.

3. Possession of a certificate as a Certified Public Accountant or a master's degree in accounting from an accredited college or university may be substituted for one year of the required experience.

4. Applicants may substitute one year of professional auditing experience for one year of the required experience.

5.  Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the Accounting field of work on a year for year basis for the required experience and education.

Advanced skills in MS Excel (especially financial functions) is a plus.

Please provide sufficient information on your application to document that you meet the minimum and selective qualifications for this recruitment. Please provide transcripts, certifications or diplomas to document educational or certification qualifications. Educational credentials from foreign countries must be evaluated by an approved education review service. This evaluation must be submitted with your application. For further information, you may call International Consultants of Delaware, Inc. (302) 737-8715 or World Education Services Inc. 1-800-932-3897 or (202) 331-2925. Successful candidates will be ranked as  Best Qualified, Better Qualified, or Qualified and placed on the employment (eligible) list for at least one year. Eligible list may be used to fill future vacancies of the same classification. Future vacancies exist with the below job duties. If you are interested in one or both of these positions, please submit an application for this recruitment.

The examination will consist of a rating of your education, training, and experience related to the requirements of the position.  You may be required to complete a qualifications supplement, or the rating may be based on your application.  Therefore, it is important that you provide complete and accurate information on your application.  Report all experience and education that is related to this position.

CONTRACTUAL EMPLOYEE HEALTH BENEFITS

Online applications are STRONGLY preferred. However, if you wish to submit a paper application or are unable to upload your transcripts into the system, please send via fax or mail. Please include a cover memo with the following information:

Attn: Amy Kipersztok, Recruitment Manager
Your First and Last name
Last 4 of SS#
Recruitment #
Classification (Job Title) of Recruitment

Please be advised that we can no longer accept the old MS-100 or resumes in place of application. Please do not put "See Resume" in the job duties section of your application; your application will not be considered. If you are interested in the position and cannot apply online please fill out the revised paper application which can be found on JobAps or by contacting the Department of Budget and Management's Recruitment and Examinations Division Job Information Line at 410- 767-4850.
Fax: (410) 514-7029

Mail to:

Amy Kipersztok, Recruitment Manager
Office of Human Resources

100 Community Place
Crownsville, MD 21032

TTY Users: call via Maryland Relay

We thank our Veterans for their service to our country, and encourage them to apply.
As an equal opportunity employer Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.