The Controller leads all day-to-day finance operations, including responsibility over accounting, accounts receivable & payable, payroll, budgets, and grant and fundraising administration. The Controller ensures that correct systems and procedures are in place to support effective program implementation and conduct flawless audits. The position serves as the principal liaison to the external audit firm. The Controller works closely with the head of each department, not only to educate them regarding finance and accounting procedures, but to explore how the finance function can support program operations. The Controller will advise management regarding revenue enhancement and cost containment strategies. The Controller will prepare, analyze, and interpret periodic financial reports for management information and control. This position will also oversee the administrative and departmental budget preparation process and assist with budget presentations to Board committees and interested outside parties, such as donors, lenders, and equity partners.
West Hollywood Community Housing Corporation
West Hollywood Community Housing Corporation (WHCHC) is the managing general partner of 18 affordable housing partnerships. Books are maintained on an accrual basis according to GAAP. WHCHC and each partnership file annual federal and state tax returns. Audits are conducted on a calendar year basis for WHCHC and for all partnerships that have completed the real estate predevelopment and construction phase.
Some partnerships have limited partners who are equity (tax credit) investors in the partnership for a period of 15 years. At the end of the 15-year tax credit period, the equity partner exits the partnership and Metropolitan Housing Development Corporation (MHDC), a California non-profit, assumes the role of limited partner thereafter. Members of WHCHC’s Board of Directors only, volunteer and serve on the MHDC Board of Directors.
WHCHC is the minority partner in one corporation, Laurel Place West Hollywood, Inc., which owns and operates one apartment building.
Duties and Responsibilities
Core duties and responsibilities include the following:
Finance & Accounting
Knowledge, abilities, and skills
Experience: Certified Public Accountant or BA/BS/Master’s Degree in Finance or Accounting, extensive full-charge bookkeeping experience, and five to ten years senior-level finance or accounting experience. Experience in real estate development and affordable housing is required.