Join our Team! At IHDA we strive to create and maintain a work environment that promotes diversity, recognition

and inclusion. IHDA is committed to hiring and investing in individuals of diverse talents and backgrounds to

ensure a range of perspectives and experiences inform and guide our work of financing affordable housing in the

state of Illinois.

Who we are

The Illinois Housing Development Authority (IHDA) is one of the Nation’s preeminent Housing

Finance Agencies and one of the State’s ten largest financial institutions. Our mission is to finance the creation and

preservation of affordable housing across the state. IHDA oversees more than 20 federal and state programs on

behalf of the state of Illinois and serves as one of the state’s primary resources for housing policy and program

administration. For over 50 years, IHDA has led the state in financing and supporting affordable housing.

Summary

The Illinois Housing Development Authority (“IHDA”) is the Nation’s preeminent Housing Finance

Agency and one of the State’s ten largest financial institutions. We partner with lenders, developers, local

government, nonprofits, community groups, homeowners and others to deliver low-cost financing programs.

Operating for over 50 years, IHDA has financed more than 325,000 units of affordable housing for both multifamily

developments and single-family homeownership opportunities, touching every county in the State.

Reporting directly to the Authority’s Controller, the Deputy Controller oversees the accounting operations of the

Authority. This includes the full spectrum of general ledger activities required to maintain the books and records of

the Authority, accounting policy governance, and accounts payable and receivable. The Deputy Controller works to

ensure a comprehensive set of controls are designed and functioning to mitigate risk, enhance the timeliness and

accuracy of the Authority’s reported financial results, and safeguard that financial results comply with generally

accepted accounting principles. The Deputy Controller serves as the Controller in the absence of the Controller.

Accounting Operations:
Designs organizational structure and formulates goals that effectively accomplish the mission of

the department and support the Authority

Develops and maintains processes and controls that ensure sound accounting practices, including

maintaining financial books and records in accordance with Generally Accepted Accounting

Principles

Ensures all entries are recorded in accordance with GAAP for governmental entities and

applicable GASB pronouncements, applying technical positions issued for new pronouncements.

Leads month-end and year-end closing activities, including managing the closing calendar and

reviewing / validating prepared financial results

Identifies and delivers automation and process improvement across the record-to-report cycle,

using Oracle Fusion Cloud ERP capability rather than manual workaround.

Maintains accounting operating procedures and desktop documentation for the general ledger,

close, and line-of-business accounting cycles, consistent with the Authority’s accounting policies and internal control framework.

Operates and evidences the controls embedded in those cycles sufficient to support independent testing.

o Tracks and reports close cycle time, reconciliation aging, and ledger accuracy to the Controller,

and drives improvement against those measures.

Manages the Authority’s co-sourcing (offshore) accounting support team
Balance Sheet Control and Reconciliation:
Owns, executes, and certifies the reconciliation of all subsidiary ledgers and subsystems to the

general ledger across both lines of business, on the established cycle and to the Authority’s Balance Sheet Control standard.

Accountable for the substantiation of all Authority balance sheet accounts, including aging and

resolution of reconciling items within established thresholds, escalation of unsupported balances, and timely clearing of suspense and clearing accounts.

Remediates reconciliation exceptions, control deficiencies, and audit findings arising within

accounting operations; owns corrective action to completion.

Accounting Policies and Procedures:
Establishes and maintains accounting policies, procedures and controls that support the

accounting and financial management policies of the Authority

Monitors and evaluates changes to accounting standards and pronouncements
Plans, develops and implements strategies to effectuate new or modified policies, procedures

and pronouncements

Represents the Accounting Department at the Authority’s policy management committee
Accounts Payable:
Supervises accounts payable staff and processes, including reviewing the propriety of claims,

origination of payments, recording to appropriate general ledger accounts, issuing 1099-MISC

and filing contracts

Establishes and maintains processes and controls to manage timely payment to third parties for

goods and services

Monitors and reports on the Authority’s obligations and commitments, working in partnership

with the Procurement function to identify and clear any discrepancies

Accounts Receivable:
Manages fee and other billing(s), working to ensure all receipts are recorded in a timely and

accurate manner

Ensures the timely and accurate reconciliation of accounts receivable sub-ledger positions to the

general ledger

Establishes and maintains accounts receivable aging processes and related reporting
Payroll:
Oversees the Authority’s payroll accounting in conjunction with the Human Resources

Department and outside vendor

Management and Support:
Manages the preparation and distribution of financial information regarding the Authority and its

programs

Works in close partnership with the Accounting Director overseeing financial reporting, ensuring

that financial statements are prepared in accordance with generally accepted accounting principles and in compliance with governmental and program-specific requirements

Assists the Chief Financial Officer, Deputy Chief Financial Officer and Controller by assessing accounting and financial impacts of business decisions, including impacts to financial disclosures and compliance obligations
Develops and institutes measures to increase accounting efficiency and effectiveness
Manages the annual external audit process and relationship with auditors
Bachelor’s degree in Accounting or related field, Masters degree a plus
CPA certification required
Minimum of 8 years of work experience with progressive levels of responsibility and people

management

Technology-forward, comfortable with driving and leading change
Skilled with process automation and the use of software/solutions to reduce manual work efforts
Ability to analyze complex problems, interpret operational needs and develop integrated, creative

solutions

Strong critical thinking and decision-making skills
A highly collaborative team builder, with an ability to foster a cooperative work environment coupled

with a desire to develop others \

Recent Public Accounting experience preferred
Demonstrated managerial competence required
Strong written, presentation, and oral skills.
Experience managing enterprise accounting and ERP solutions (Oracle, SAP, other)