Our developments focus on the creation of strong communities where people of economic, racial and ethnic diversity can live with dignity and respect. They are designed to respond to the needs of both our residents and the particular communities in which we build. In some cases, we have redeveloped former church-related properties; in other cases, we have responded to requests from communities, service agencies, or local governments. Our development work includes affordable and mixed- income rental housing, affordable homeownership housing, and housing for vulnerable and at-risk populations.
We are a team of experienced leaders, who participate in and lead local and national advocacy efforts to increase affordable housing resources, avoid foreclosures, and address homelessness. The CFO will join a team of eleven people. They will report directly to the President. They will collaborate closely with the Asset Manager, Accounting Manager and others on the staff.
Financial Management & 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
- Oversees the annual corporate consolidated financial statements.
- Oversees and reviews property audits and tax returns prepared by professional services firm.
- Establishes and maintains controls to safeguard assets; documents and recommends improvements to internal financial policies and procedures
- Oversee the development and completion of timely financial statements and reports on transactions and/or information requests.
- Manages and monitors the organization’s cash flow and real estate development capital needs.
- Optimizes the investment of available cash in accordance with the Company’s Investment Policy.
- Supervises the Accounting Manager 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 & Asset Management:
- Works collaboratively with the Asset Manager and 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 with the Asset Manager to monitor the financial performance of the existing portfolio, including current year performance, budgeting, and capital needs, to identify candidates for disposition, recapitalization, or refinancing.
- Works with the Asset Manager to ensure compliance and manage relationships
Qualifications:
- At least 10 years of demonstrated relevant finance and accounting experience, with at least five years’ experience in a senior or executive level capacity, with both technical and management proficiency in operations of a real estate development organization.
- BA or MBA in Finance or Accounting required, other additional relevant advanced degree and/or certification, such as a CFA or CPA, CPA preferred.
- Knowledge and experience with real estate accounting and finance, preferably in affordable multi-family housing and Low-Income Housing Tax Credit portfolios.
- 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.
- 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.