Vermont Housing Finance Agency (VHFA) is recruiting a new Staff Accountant. Formed in 1974, VHFA’s mission is to finance and promote affordable, safe, and decent housing opportunities for low- and moderate-income Vermonters. VHFA is looking for an individual who will help us to maintain our great reputation, and who demonstrates a strong work ethic, is creative, puts customers first, and works well both independently and as a team player.
The Staff Accountant is responsible for the Agency's accounts payable and daily cash receipts functions and participates in quarterly closing activities. Specific responsibilities include but are not limited to, review, classification, and input of vendor invoices for all programs/funds; generating cash disbursements using Mitas, the Agency’s accounting system; reconciliation, recording, and transmitting of daily cash receipts for deposit; annual preparation of 1099/1098s; maintain various worksheets, detail schedules, and trial balances in support of the monthly, quarterly, and annual closing processes. Serve as backup for some functions of the Mortgage Loan Analyst.
Accounts Payable responsibilities, including:
Receive vendor invoices and review for proper approval, accuracy, and account coding
Set up new vendors, and input invoices using Mitas accounts payable subledger
Enter Acquired Home expenses on loans in Direct Servicing, and sweep into AP
Generate check runs and distribute checks for all programs/funds
Maintain related journals, vendor database, and electronic invoice files
Upload AP backup into the document management system in Sharepoint
Perform the Acquired Home reconciliation and checking account reimbursement
Upload positive pay file to TD Bank eTreasury
Perform the daily cash receipts function, including coding, input, deposit and ACH transfers of various Agency receipts, including IORTA check Review, approve, and transmit direct service mortgage payments. Reconcile direct serving payments to the SF direct servicing cash in transit GL account.
Book SF and MF direct servicing customer ACH payments in Transfer Principal and Interest to trustees and record the transactions.
Perform functions related to the monthly and quarterly closing processes and reporting, including, but not limited to:
Posting standard journal entries
Preparing support schedules including, but not limited to:
Fixed Assets analysis
Prepaid expenses reconciliation
Payroll journal entries and reconciliation
Reconcile FHLB Cash Account
Update FHLB Debt Schedule
Complete monthly servicer reconciliations for the Agency’s smaller servicers as
Balancing and analyzing trial balances for General Fund Special Funds including: Escrow, HAP, DMI, and SFPT
Prepare quarterly vouchers payable Create fiscal year-end detailed accounts payable listing from review of subsequent disbursements.
Monitor General Fund Operating Fund cash Prior to each check run, ensure that there is sufficient balance in the account or if funds need to be drawn from a Line of Credit. Monitor Acquired Home cash balance, verify requested transfer from Single Family and Multiple Purpose Series have been deposited, confirm there is sufficient balance in the account prior to check runs.
Responsible for the accurate preparation and timely mailing of 1099s & 1098s information returns to the Work with other Agency departments to gather relevant underlying information.
Serve as backup for Mortgage Loan Functions may include, but are not limited to:
Calculating/quoting SF payoffs
Processing loan discharges
Post Direct Servicing payments
SF ACH - review funds were received, post to the loan in Direct Servicing, and review reports
Post MF ACH payments
Process EDI files from DMI and send support to trustees
Daily DMI Remittance to BNY and WT
Develop, and maintain accurate documentation for all position
SF Pass through reconciliation and Direct Servicing ACH transfers
On a daily basis record prior-day bank transactions, and resolve any
Prepare financial statements for Chittenden County Homeless
Track HRA/FSA payments on a monthly basis and ensure the accuracy of charges and
On a monthly basis, create interest bills for VHFA construction
Support the preparation of annual financial statements, including footnotes and reclass
Perform special research projects and other functions as
Minimum two year business or accounting
JOB KNOWLEDGE AND EXPERIENCE:
One year of experience with accounting software, including accounts payable
Proficiency in Microsoft Office products (Outlook, Excel, and Word)
Experience with fund accounting
Experience working in a Sharepoint environment
GENERAL JOB QUALIFICATIONS:
Excellent written and verbal communication
Organization, attention to detail, and high level of accuracy are
Vermont Housing Finance Agency (VHFA) was established in 1974 to finance and promote affordable, safe and decent housing opportunities for low- and moderate-income Vermonters.
As one of Vermont’s leading non-profits in the affordable housing sector, VHFA has helped 30,000 primarily first-time home buyers and their families purchase homes. It also provides financing, development and management support, subsidy administration and tax credits for approximately 8,800 affordable apartments statewide.
Consistently named one of the “Best Places to Work in Vermont”, the Agency offers a competitive salary and comprehensive benefits package.