David R. Zimmer
Palatine,IL
Summary
Uniquely qualified dedicated and innovative leader with over 40 years of CHA experience including the last 20 in Treasury. Results driven problem solver able to adapt to multiple leadership styles in order to enhance and create overall strategic fulfillment of fiduciary duties.
Overview
41
41
years of professional experience
Work History
Director of Treasury, Inv., Debt Mgmt., Compliance
Chicago Housing Authority
05.2019 - Current
- Responsible for all CHA investment trade initiation, entry, review, validation and settlements through 3rd party financial partners
- Portfolio database management for liquidity, restricted, reserve, RAD, and CHA Project Fund investment pools
- Develop and implement daily transaction entries process for all banking activities for general ledger reporting
- Maintain Treasury Portfolio Management Information system including sub-ledger master tables and interface to General Ledger
- Report on critical success factors for performance measurement techniques to benchmark treasury operations, including monthly reporting to Investment Committee on Risk Compliance, Maturity Duration, Portfolio Composition, Earnings/Yield Summary, Portfolio Value at Market
- Provide support to CHA Staff Investment Committee as Recording Secretary
- Approve all monthly Treasury Department account reconciliations
- Perform accrual accounting for investments using nationally recognized standards
- Automation of cash flow forecasting and updating
- Update of Treasury operating policy and procedures as required
- Provide management and supervision to staff within division
- Responsible for CHA Treasury annual audit requirements including support for ACFR footnotes, compliance disclosures, and collateral agreement enforcement
- Work cross-functionally with various departments to ensure appropriate account coding, data entry and reconciliation as required
- Serve as Business Manager for CHA Retirement Plan and Trust, including Accounting, Audit, Payables and compliance requirements
- Ensure compliance with applicable HUD, Federal and State statutes
- Responsible to develop and maintain policies and procedures which ensure program integrity throughout the area of responsibility
- Complete draws from HUD eLOCCS system on a regular basis
Assistant Treasurer
Chicago Housing Authority
01.2004 - 04.2019
- Day to day cash management of CHA’s investment portfolio
- Includes investment decisions in accordance with the CHA board approved investment policy (Primarily U.S. Government Agency & Instrumentality Debt, Federal National Mortgage Association Securities, U.S. Treasury Obligations, Municipal Bonds, Commercial Paper, etc.) to meet the safety, liquidity, and yield requirements as defined
- Maintain all CHA on-line banking platforms and portals
- Responsible for the Treasury Department annual audit and production of the Annual Comprehensive Annual Financial Report (ACFR)
- Manage the CHA community banking program and the procurement of divisional resources thru Requests for Proposal (RFP), small order bids, etc., ensuring compliance with Davis/Bacon act and Section 3 requirements
- Supervise accurate and timely deposit and accounting of all funds received by CHA from numerous sources including the Department of Housing and Urban Development (HUD) via secure electronic line of credit grant draws, Block Grant funds, American Recovery and Reinvestment Act funding, Build America Bond funds, the Housing Choice Voucher program, etc
- Supervise a staff of Treasury Analysts, Accountants, and Administrative Support Staff
- Manage the Accounting process for all Treasury Department activity
- Responsible for monthly presentations to the CHA board including Cash Flow projections, portfolio composition and performance reporting, risk control reporting, and a number of cash & investment related requirements
- Ensure collateralization requirements are maintained by all banking partners
- Develop and maintain Business Continuity Plan
- Serve as Officer on CHA Investment Committee
- Oversee Trustee relationship to ensure all bond repayments are processed per issuance specifications
- Serve as Assistant Pension Plan Administrator
- Monitor internal control compliance, approve investment reconciliations, review monthly financial summary, and analyze cash flow, trend analysis and reporting
Director of Payroll Services / Payroll Manager
Chicago Housing Authority
01.1992 - 01.2004
- Managed entire payroll process to ensure all payroll checks were issued in a timely and accurate manner
- Responsible for the timely payment of all employee withholdings both voluntary and involuntary
- Negotiate all financial aspects of contracts with 23 different labor unions
- Ensure accuracy of all bi-weekly, monthly, quarterly, and annual reporting, including but not limited to W-2 processing, federal and state quarterly reporting, and monthly reporting to all labor unions
- Ensure compliance with generally accepted accounting principles
- Responsible for the successful Enterprise Resource Planning system conversion of entire Payroll and Human Resources systems
- Ensure proper pension plan contributions and actuarial review of CHA Retirement fund
- Monitor compliance with Section 125 Cafeteria plans, Section 457 deferred compensation plans, etc
- Oversee CHA Reduction in Force due to privatization of craft labor
- Determine budget projections for all fringe benefits
- Interface with Chicago Police Department regarding station issues and time reporting in conjunction with CHA Police Department
- Responsible for the implementation of automated time and attendance system
Financial Analyst
Chicago Housing Authority
01.1989 - 01.1992
- Responsible for the review and analysis of all departmental budgets within CHA
- Project leader for the implementation of automated Position Control system
- In charge of financial reporting for materials management, warehouse operations, and contract compliance
- Prepare monthly financial package for all CHA cost centers, monitoring compliance with executive management goals and objectives
- Analyze budget to actual variances for all CHA programs
- In this role was also responsible for many projects and special investigations as directed by the CFO
Manager of General Accounting
Chicago Housing Authority
01.1987 - 01.1989
- Monthly Balance Sheet and Income Statement preparation and distribution
- Supervise the completion of all journal entry processing and system interfaces
- Responsible for the reconciliation of all CHA bank accounts
- Maintain General Ledger system
- Manage Accounting staff
Senior Accountant
Chicago Housing Authority
01.1985 - 01.1987
- Manage the rent billing process for all CHA residents
- Applying rent receipts accurately and timely to all resident accounts
- Responsible for delinquency notice distribution
- Ensure compliance with HUD regulations and reporting requirements
- Reconcile security deposits and accounts receivable write-offs
- Prepare journal entries for accounts receivable activity
Property Accountant
Chicago Housing Authority
01.1984 - 01.1985
- Reconcile all dwelling equipment records, including the tagging of all new equipment purchases prior to distribution
- Process annual equipment inventory results at the cost center level
- Prepare daily activity sheets for all CHA developments
- Interface with all CHA Property Managers on a regular basis
Education
Bachelor of Science - Accounting
DePaul University
05-1984
Skills
- Subject matter expert of complete Treasury operations
- Extensive knowledge of CHA processes and culture
- Exceptional verbal and written communication skills
- Strategic planning including banking infrastructure, governance policies and procedures within the investment and cash management areas
Community Service
- Recognized as volunteer of the year for local community park district board service, and later inducted into park district honor roll recognizing lifetime achievement award.
- Responsible for directing the Casey Pohl memorial scholarship tournament to raise funds benefiting students seeking aide for college tuition.
- Treasurer of Pine Trail Camp, a not-for-profit camp located in Michigan, for over 20 years.
- Long time youth sports coach in soccer, baseball, and football.
- Basketball coach thru church organization serving the Austin district of Chicago.
- Volunteered with Jobs for Youth and Inner City Impact, both focused on service to Chicago’s urban community.
- Certified IHSA Official, Volunteer instructor for youth officials.
- Served on the Community Consolidated School District 15 parent committee.
- Member of Fremd High School Booster Club.
Affiliations
- Government Financial Officers Association (GFOA)
- American Payroll Association (APA)
- Association of Financial Professionals (AFP)
Timeline
Director of Treasury, Inv., Debt Mgmt., Compliance
Chicago Housing Authority
05.2019 - Current
Assistant Treasurer
Chicago Housing Authority
01.2004 - 04.2019
Director of Payroll Services / Payroll Manager
Chicago Housing Authority
01.1992 - 01.2004
Financial Analyst
Chicago Housing Authority
01.1989 - 01.1992
Manager of General Accounting
Chicago Housing Authority
01.1987 - 01.1989
Senior Accountant
Chicago Housing Authority
01.1985 - 01.1987
Property Accountant
Chicago Housing Authority
01.1984 - 01.1985
Bachelor of Science - Accounting
DePaul University
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