Financial Review And Budget Analyst
Current• Reviewing and interpreting new operating and program agreements and determining appropriate set-up of projects in the Central Property System (CPS), utilizing knowledge of 70+ funding programs, their differing requirements• Facilitating the annual budget process for assigned non-profit societies. • Preparing and processing start-up packages for each housing society• Processing and ensuring the timely delivery of the draft copy of the annual operating budgets and budget recommendations to the Supervisor and Housing Provider• Reviewing and updating the mortgage calculations and replacement reserve provisions in the submitted operating budgets prior to distribution• Calculating the economic rents for the approved operating budget and updating the Rent Administration database in Housing Connections with the new economic and market rents • Processing 5-year operating budgets and calculating CPI increases for ILBC NP and Homes BC. • Calculating rent subsidy payable to NP societies under the terms of a variety of operating agreements• Calculating the recurring annual subsidy payment required for annual operating budgets that have been approved and finalized• Processing subsidy adjustments and revising the recurring annual subsidy payment amount for mid-year budget revisions to annual operating budgets• Investigating and resolving differences between BC Housing tenant rent records and society records identified in tenant information• Approving subsidy adjustments and recurring subsidy changes within the delegated authority or the recommended amount by the Supervisor.• Monitoring the financial performance of NP societies• Interpreting Operating Agreements to develop frameworks for the financial review, and conducting financial reviews in accordance with the requirements of the operating agreement(s)• Monitoring the NP’s financial position and performance to ensure the subsidy provided to the society is used to operate their housing development