Health and well-being start with having a safe and affordable home in a stable and opportunity-rich community. We promote these conditions by developing housing and by providing housing resources and education in collaboration with our partners in the public and private sectors.
The ideal candidate for the CFO position will have business development expertise, strategic management experience and will have oversight of the financial management, accounting, administrative, and human resources functions.
The CFO will:
Ensure the integrity of the organization’s financial operations
Provide support for initiatives and assist the organization in developing and meeting strategic goals
Participate in the development and implementation of organization goals, objectives and policies
Represent the financial picture to the Board of Directors and any government overseers
Supervise the accounting, payroll, and administrative functions of the organization.
The successful candidate will demonstrate daily accountability, compassion, active mentorship of management team, and create and sustain a cross-program climate of professional engagement, collegiality, and continuous improvement. The CFO will directly supervise the Senior Financial Manager, who currently oversees the work of two senior accountants, payroll staff as well as an additional senior accountant. There are a total of 6.5 people in the finance department.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Reports to the Chief Executive Officer (CEO) and directs all financial operations of the organization and its programs.
Advises the CEO with respect to financial conditions and trends of the organization and develops the financial structure and reporting for programs.
Provides oversight to accounting and controls, financial reporting, annual audits, budgets, payroll, grants, human resources, insurance, tax, contract compliance, investment management, property acquisitions, and banking relationships for NHS, and related entities.
Works with the senior management team to ensure best practices in nonprofit financial management and that accounting and administrative systems are operating efficiently and maintained effectively.
Develops and is responsible for annual organization budget process, working cooperatively with the CEO. Determines future resource needs, monitors actual progress, adjusting as necessary to stay within budget and allocating resources when necessary and appropriate.
Provides internal financial statements as needed by management including review of accounting software.
Oversees annual non-profit audit and ensures all necessary annual filings are completed: Forms 990, Form PC, MA UFR, etc.
Recruits, interviews, and hires applicants for applicable positions; supervises and directly manages staff as appropriate.
Provides direction, support and guidance to assigned staff; serves as mentor to staff that may need to develop competencies.
Assist the CEO, Asset and Property Managers in the oversight of real estate portfolio asset management process
Assist the CEO in the oversight of other NHS affiliated organizations CDFI and Real Estate.
Responsible for risk assessment and insurance oversight.
Maintains insurance related bid management process for the insurance needs (both operating insurance and, in consultation with asset management staff, coverage of owned properties).
Responsible for contract management and administration including responsibility for the contract approval process and working closely with senior staff.
Prepares financial materials for board meetings.
Develops financial systems and procedures to streamline the overall work of the agency and its various departments; ensure clarity of financial management policies and procedures
Develops appropriate management reports in conjunction with senior staff needs. Ensures the production of accurate and timely reporting.
Addresses all financial reporting issues related to GAAP.
Oversees all grants and contracts and restricted donations/grants.
Monitors utilization and facilitates management of governmental and restricted funding.
Reviews and approves all externally distributed financial information (such as proposals, applications, requests for funding, etc.) before any information is dispersed.
Acts as the corporate liaison with financial institutions and independent auditors, investors and regulatory personnel.
Remains current with Federal HUD Regulations and state low-income housing requirements; keeping the CEO informed and ensuring agency-wide compliance.
Reviews any written financial agreements before NHS commits to a contract.
Oversees use of acceptable cost allocation plans and indirect overhead rates.
Accountable for financial performance of operations departments. Clearly communicates budget goals and expectations to staff; monitors performance and pro-actively manages expenses and identifies creative solutions to budget challenges.
Leads the risk management and compliance program and puts in place plans, training and actions to ensure continuous compliance and risk mitigation for all aspects of the organization.
Ensures activities and operations are performed in compliance with local, state, and federal regulations and laws governing business operations, and meet DHCD program requirements, and other regulatory and/or funding requirements.
Attends board meetings.
Ensures compliance and completion of deliverables for grants that fund operations programs and staff.
Interact with and issue reports to the CEO, Board members, the Department of Housing and Community Development (DHCD) to sustain compliance with state contract, achieve NHS targets
Other Duties: Please note this job description is not designed to cover or contain a comprehensive list of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
PHYSICAL DEMANDS/WORKING CONDITIONS
Requires prolonged sitting, some bending, stooping, and stretching. Requires ability to regularly lift up to 25 pounds. Requires eye-hand coordination and manual dexterity sufficient to operate a keyboard, photocopier, telephone, calculator, and other office equipment. Work is performed in an office environment.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. This job is primarily conducted in an office setting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EQUAL EMPLOYMENT OPPORTUNITY POLICY
NeighborWorks Housing Solutions is proud to be an equal opportunity workplace and is an affirmative action employer. At NeighborWorks Housing Solutions we provide equal employment opportunities to all employees and applicants for employment and prohibit discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. We celebrate diversity and are committed to creating an inclusive environment for all employees. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
QUALIFICATIONS AND CERTIFICATIONS
Substantive experience in overall financial and budget management
Thorough knowledge of general business concepts such as budgeting, strategic planning, effective management and supervision of staff
Familiarity with computerized accounting systems (preferably in Quickbooks and fund management software such as Accufund)
Expert with MS Office including Word, Excel, PowerPoint and Outlook
EXPERIENCE AND EDUCATION
Minimum Bachelor’s degree in a related field with a minimum of 7 years’ experience in accounting or related area in progressively responsible management positions required
Master’s degree or CPA strongly preferred
Experience with nonprofit accounting preferred
Real estate development accounting experience a plus
Prior experience with Loan Operations processes (Commercial and Consumer) a plus
Health and well-being start with having a safe and affordable home in a stable and opportunity-rich community. We promote these conditions by developing housing, by providing housing resources and education in collaboration with our partners in the public and private sectors.