Chief Financial Officer (CFO)

Position Overview

The Chief Financial Officer (CFO) is responsible for all financial matters of this LIHTC development firm and its affiliate organizations.  The CFO will work closely with the Executive Director, other senior management and the Board of Directors to develop and implement strategies across the organization. They must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while managing the Accounting, Asset Management and Information Technology functions.

The corporate entity, its subsidiaries, and affiliates are responsible for a $500+ million portfolio of real estate. The organization operates over 2,100 units that are spread across 96 properties.  The organization is fully integrated with housing development, property management, maintenance staff, and resident services. 

Essential Position Responsibilities

The primary responsibilities for this position include:

·         Accounting & Tax

·         Corporate & Real Estate Development Finance

·         Information Technology

·         Planning, Policy & Administration

Specific Skills

Accounting & Tax

·         Oversee Accounting Department

·         Oversee monthly, quarterly, and annual corporate and limited partnership financial reporting.

·         Review and approve corporate and limited partnership financial statements, tax returns and budgets

·         Review and approve payroll

Corporate & Real Estate Development Finance

·         Oversee cash flow planning and ensure availability of funds as needed

·         Oversee financing strategies & activities, as well as banking relationships

·         Oversee financial and regulatory compliance

·         Oversee asset management department’s monitoring of financial performance and long-term viability of the real estate portfolio

·         Oversee re-syndication and/or refinance of existing portfolio

·         Assist in short/long term strategic and business planning

·         Oversee reporting to financing partners

·         Support fundraising efforts by providing required information to philanthropic organizations.

·         Review and approve project financing proformas and applications

·         Review and approve construction draws

·         Negotiate and recommend sale of tax credits for new developments

·         Negotiate and recommend termination of low-income housing tax credit partnerships after 15 years 

Information Technology

·         Oversee Information Technology vendor (or bring IT functions in-house)

·         Oversee data, information and records management

·         Oversee information technology training for all employees

·         Monitor technology trends and analyze short/long term needs

·         Responsible for the strategic design of the Information Technology System                                                                                                                                                    

Planning, Policy & Administration

·         Formulate, manage and enforce internal control policies and procedures

·         Prepare and deliver monthly and quarterly reports to the board of directors

·         Staff the Finance Committee of the board of directors

·         Oversee insurance policies and assist in mitigating risk

·         Oversee payroll working with Paycom.com

Education and Experience

·         B.A. in accounting, finance or related fields.  CPA and/or MBA preferred. 

·         Minimum 10 years of work experience in accounting and/or finance.  Direct job duties in the affordable housing field highly desirable. 

·         Strong technical skills in real estate finance, real estate accounting and real estate taxation.

·         Knowledge of payroll, human resources and information technology very desirable.

·         Excellent written and verbal communication skills. 

·         Advanced skills in Excel and Yardi property management software preferred.