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The Lynchburg Redevelopment and Housing Authority is a political subdivision of the Commonwealth of Virginia and was activated by the City Council of the City of Lynchburg in April of 1956. The Authority is governed by a seven-member Board of Commissioners, each of whom is appointed by the City Council for a four-year term. At the present time, two members of City Council also serve as Commissioners of the Authority. A Chairman and Vice Chairman are elected each year from among the Commissioners. An Executive Director is appointed by the Commissioners and serves as the Secretary of the organization. The Executive Director is the Chief Executive Officer of the Authority who oversees the staff and carries out policies established by the Commissioners. Other administrative and program personnel are employed and carry out duties in accordance with established policies.
The primary mission of the LRHA is to own and operate low-rent public housing for lower- income families. The U.S. Department of Housing and Urban Development (HUD) provides funds for the development of public housing and promulgates certain regulations governing the overall operation of the housing programs. HUD provides an annual operating subsidy and capital improvement grant to the Authority to assure continued operation and maintenance of public housing. The Agency owns 328 public housing units within 4 complexes and administrates approximately 979 Section 8 Housing Choice Vouchers.
As a leader in the City’s affordable housing community, LRHA is focused upon ending homelessness and increasing the availability of quality low income housing through development and redevelopment.
Assists the Executive Director in the planning, management, administration, and operations of LRHA. Financial responsibilities include administration and monitoring of financial controls, financial integrity, and investment planning. Regulatory responsibilities include preparation of required financial reports to HUD, Federal, state, and local regulatory agencies.
Essential Duties and Responsibilities
The duties below are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required. Other duties may be assigned by the Executive Director.
- Assist in the planning, implementation and monitoring of all existing housing projects and programs, and in the development of future projects and programs
- Assist in the development, monitoring, updating, and evaluation of compliance with LRHA’s policies and procedures
- Research and interpret HUD notices and other communications from government and regulatory agencies to assess the impact of the changes on program administration; communicate information and modifications to other departments as needed
- Responsible for the overall direction, coordination, and evaluation of finance department. Plan, organize, and direct the activities of the Finance department including accounts receivable, accounts payable, payroll, procurement, grant management and other financial reporting.
- Generate, evaluate, and analyze general ledgers and other financial reports for all programs
- Accurately close out all general ledgers and produces year-end financial statements
- Oversee the preparation and submission of various reports to HUD and other regulatory agencies on a timely basis
- Review and approve purchase orders in accordance with LRHA policies and procedures
- Generate and submit data electronically to HUD’s online communication system
- Develop an investment plan for excess funds and reserves which meets HUD or other program requirements, manage cash flow, investments, and maintain banking relationships
- Attend monthly Board meetings and other staff meetings as required
- Perform necessary functions to ensure security of computer systems and electronic data, maintain daily system backup, and act as liaison with city of Lynchburg on Information Technology issues
- Undertake special assignments as directed by Executive Director. When directed, assume the duties and responsibilities of the Executive Director in his/her absence
Required Knowledge, Skills and Abilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Comprehensive knowledge of HUD, state, and federal financial and accounting practices
- Knowledge of the principles and techniques of mortgage financing
- Detail-oriented with the ability to analyze, review and make recommendations for reports
- Strong leadership and communication skills
- Successful experience in the management of complex
- Ability to work well with, stimulate and provide leadership to groups and individuals
- Strong verbal and written communication, as well as strong interpersonal
- Operate a vehicle legally and possess an acceptable driving
Acceptable Experience and Training
- Bachelor’s or greater degree with concentration in accounting, finance, business administration, or related field.
- Substantial knowledge of HUD accounting, state and local regulations
- Experience managing the responsibilities and duties of a finance department in a similar environment
- Excellent fiscal planning and administrative skills with the ability to read, analyze and interpret complex documents.
- Ability to perform complex financial analysis, prepare journal entries, spreadsheets, financial forecasts, budget comparisons, and other related financial functions.
- Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret and extensive variety of regulatory and compliance requirements, technical instructions, financial reports, IT requirements and applications