Job Description
The Chief Financial Officer (CFO) is responsible for coordinating the accounting, budgeting and other financial management functions and to act as the authoritative source of accurate and complete financial reports regarding the Agency's operations. In addition, the CFO makes recommendations on policies for the investment portfolio and cash management, oversees the financial reporting for the Agency and manages the Agency's budget. As a member of the executive leadership team, the CFO champions the Agency's mission, values, and culture.DUTIES AND RESPONSIBILITIES:
· Provide strategic planning advice and fiscal oversight and analysis to the Executive Director/CEO and Senior Leadership team
· Serve as liaison between the Agency and the national credit rating agencies regarding the issuer credit rating and bond issuance transactional credit rating assignment
· Lead fiscally based and program goal balanced investment and debt structuring and loan product development process
· Responsible for preparing and managing the Agency's annual budget by accurately and timely reporting the Agency's financial resources and expenditures
· Oversee the annual audit process with the Agency's auditing firm and the United States Treasury Department
· Manage large portfolios of assets, including but not limited to investments, single family and multi-family mortgage-backed securities and mortgage loans to achieve maximum return with well managed risk in order to preserve or improve portfolio and transactional credit ratings
· Set daily interest rates for the Agency's Single Family Program's loan products
· Manage large portfolios of debt and other liabilities, including but not limited to both variable and fixed interest rate mortgage revenue bonds and notes, operating lines of credit to achieve maximum cost savings with well managed risk in order to preserve or improve portfolio and transactional credit ratings
· Establish and manages commercial banking relationships and relationships with investment banks specializing in mortgage revenue bonds, trustee banks, etc.
· Oversee the production of all required reporting and presents information to the Executive Director/CEO, Board of Directors, District of Columbia government, and municipal and federal oversight agencies, including audited financial statements
· Manage financial advisors, contractors, and consultants that provide financial advice and analysis to the Agency
· Set goals and objectives for the Office of Financial Management to support the Agency's mission and business and financial goals
· Provide leadership, guidance, and mentorship in the Office of Financial Management fostering a culture of excellence, collaboration, integrity, and innovation.
· Manage the accounting staff to ensure accurate and timely processing of financial data
KNOWLEDGE AND QUALIFICATIONS:
· Advanced degree in Finance, Business Administration, a related field from an accredited University or equivalent years of experience
· (10+) years experience in Auditing and/or general experience as Certified Public Accountant
· Five (5+) years experience with Housing Finance Agencies (HFAs) preferred
· Minimum of 5 years experience in senior leadership role
· Knowledge of GAAP and Governmental Accounting Standards Board pronouncements
· Knowledge of multi-unit Agency budgeting and budget progress reporting
· Knowledge of mortgage-backed securitization process for single family and multifamily loans, both governmental (FHA-insured) and conventional (FNMA and other GSE securities)
· Knowledge of mortgage revenue tax exempt bond tax law compliance issues, including yield compliance, loan origination and bond processes, spend down timeframes, arbitrage rules, SEC mandated disclosure content, etc.
· Demonstrated ability to lead, coach and develop staff with a proven track record of building and managing high performing teams
· Must possess strong working knowledge of all aspects of Microsoft Office Suite, specifically Excel and Financial management software
· Ability to deploy, customize and operate a complex suite of HFA industry specific software systems
· Must be able to successfully and autonomously manage projects of a varied and complex nature
· Excellent communication skills both verbal and written
· Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines
· Excellent communication skills