Chief Financial Officer

The Chief Financial Officer (CFO) is a member of the executive leadership team and has overall responsibility for the finances and financial strategy of The Company and its affiliates. Working as a collaborative leader, the CFO will responsible for managing and reporting on all fiscal and regulatory affairs of the organization, including reporting to investors, lenders, grantors and government agencies; cash and investment management; budgeting and forecasting; and managing the day to day operations of the accounting department. In addition, the CFO is responsible for the Asset Management department that oversees all residential, commercial and operating assets.

The CFO collaborates with the Chief Executive Officer (CEO) and other senior staff to develop and implement the organization’s business plan in order to meet its strategic goals. The CFO willl recommend the financial strategy for reaching the organization’s goals, monitors and analyzes financial results.

Reports to: Chief Executive Officer and BOD

RELATED DUTIES AND RESPONSIBILITIES:

Organizational Strategy and Results:

• Together with the CEO and executive leadership team, develops the strategy to ensure that the organization has the financial resources needed to achieve its current and future goals, while mitigating financial and operational risk
• Serves as a key advisor to the board of directors, and convener of the finance/audit and investment committees
• Develops and maintains effective working relationships with key financial partners including funders, investors, partners, government agencies, consultants, and vendors.

Financial Management and Reporting:

• Oversees organizational budgeting, accounting and cash management to ensure accurate reporting, interpretation and analysis of financial results in conjunction with forecasts and long range plans
• Manages and supports the preparation of the annual consolidated corporate audit and tax returns
• Prepares the annual corporate consolidated financial statements
• Establishes and maintains controls to safeguard assets; documents and recommend improvements to internal financial policies and procedures
• Develops and complete timely financial statements and report on transactions and/or information requests.
• Manages and monitors the organization’s cash flow and real estate development capital needs.
• Optimizes the investment of funds in accordance with the Company’s Investment Policy.
• Supervises the Accounting Manager and accounting staff on day to day operations that includes, but is not limited to, month/year end close, accounts receivable & payable, financial reports, payroll, invoicing, cash receipts and disbursements.
• Maintains various liability and insurance policies Real Estate Development and Asset Management:
• Works collaboratively with Real Estate staff to review potential acquisitions, debt, equity and public subsidy proposals and partnership/operating agreements
• Reviews key legal agreements, including mortgages, loan documents, subordination agreement and guarantees as part of a financing and construction loan closing that may involve Low Income Housing Tax Credits, Historic Tax Credits, New Markets Tax Credits, bond financing, public subsidies and contracts, and/or private debt.
• Works closely with the construction Managers to prepare and issue funding requisitions for all real estate development projects in construction
• In conjunction with the real estate development staff and auditors, insures that project cost certifications and other specialized reporting to investors and government agencies are completed accurately and timely.
• Works with several Low Income Credit investors and lenders as they monitor operating performance and compliance of The Company’s affordable housing and commercial portfolio.

Board and Committees:

• Attends all Board of Director meetings.
• Coordinates activities of the Finance/Audit and Investment committees including developing agendas and providing reports on financial, investment and organizational performance and projections and other information to committee members in a well-organized, accurate and timely fashion.

Qualifications:

• At least 6 years of demonstrated relevant finance and accounting experience, with at least three years’ senior management experience  with management proficiency in operations.
• MBA in Finance or Accounting, other relevant advanced degree and/or certification, such as a CA, CFA or CPA CFA, CPA preferred
• Knowledge and experience with real estate accounting and finance, preferably in affordable multi-family housing
• Use of collaborative and facilitative approach and the flexibility to work with broad range of cultures, personalities, and work styles.
• Commitment to community development, helping low income communities and strong work ethic and understanding of nonprofit business models
• Professional demeanor and willingness to cooperatively participate on a team in a mission- based organization.
• Ability to demonstrate the greatest level of flexibility in an environment with frequent changing priorities required to meet the needs of The Company’s internal and external customers.
• Demonstrated experience with design and implementation of enhanced financial systems and procedures
• Demonstrated ability to prepare clear, accurate, well-organized written and financial reports and to communicate verbally in an effective and concise manner.
• Proficient in Microsoft Office, accounting software programs, and network administration.
• Supervisory experience required.

COMPENSATION:

• Competitive Salary and excellent perquisites package as per the company HR policy. The Company is an Equal Opportunity Employer.