Chief Financial Officer
Position Title: Chief Financial Officer
Supervisor: Chief Executive Officer
Supervises: Asset Manager, Senior Accountant, Staff Accountant, Payroll and Benefits Specialist (the latter in cooperation with the HR Manager)
FLSA Status: Exempt
Physical Strength: Light
Updated Date: November 17, 2021
Hacienda CDC is a Latino Community Development Corporation that strengthens families by providing affordable housing, homeownership support, economic advancement and educational opportunities. Today, our consolidated operating budget is almost $12 million with assets of over $40 million. We own nine affordable housing communities with three more currently in construction or development, and two commercial properties. We embrace a holistic approach to development and complement our housing with an array of social services for residents and the community at-large.
The Chief Financial Officer is a key member of the Executive Leadership Team, responsible for managing financial and accounting activities for the organization. This includes our current and future housing projects, current and prospective programs and social enterprise. The CFO is a key participant in the development and implementation of Hacienda’s strategic plan, particularly as it relates to financial resources and fiscal health of the organization. The CFO role demands a high degree of integrity, which contributes to an open and positive work environment, an ethical approach to decision-making and fulfillment of our fiduciary responsibility. The CFO must exhibit a strong commitment to Hacienda’s mission and participate in exploring opportunities to advance Hacienda’s goals and priorities. This position reports to the Chief Executive Officer and works closely with the Leadership Team and Executive Finance Board Committee to ensure optimal financial operations and informed decision-making.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Develop and maintain the annual budget and longer-range financial projections. Work in coordination with CEO, COO and Program Directors on preparation of these documents.
- Attend all Board and Executive Finance Committee meetings, and present monthly financial statements and analysis at each meeting. Ensures that the financial report format is useful and clear for Board members.
- Prepare the minutes of the Executive Finance Committee.
- Prepare monthly financial statements for the CEO, COO and Program Directors.
- Support all Program Directors and staff in responding to requests and providing assistance, as a means of facilitating program operations.
- Support Real Estate Development and Economic Opportunity programs with accounting and finance needs relative to financing applications and construction projects.
- Participate in risk-benefit analyses for proposed projects or program/organizational changes.
- Monitor and manage cash flow.
- Calculate key performance measures and trends
- Coordinate the allocation of resources to funding sources throughout the year with Program Directors, and offer guidance regarding programs in need of additional resources
- Assist with creation of grant applications, particularly with respect to proposed budgets
- Review new grants and contracts. Prepare all required financial reports, ensuring compliance with funding requirements and consistency with Generally Accepted Accounting Principles and nonprofit accounting standards
- Oversee financial aspects of federal awards, ensuring compliance with Uniform Guidance requirements.
- Maintain and review accounting and finance policies and procedures, and internal controls to reduce risk and optimize use of resources while ensuring legal compliance and oversight of these activities.
- Oversee and coordinate the preparation of annual audits and tax returns for Hacienda CDC and its consolidated entities, as well as for unconsolidated Limited Partnerships, with external audit firms.
- Manage banking relationships and maintain communications with investors and lenders
- Oversee all accounting functions, including supervision of staff, and management of the company’s accounting software systems
- Oversee the Asset Management program and monitor the financial well-being of the residential and commercial properties.
- Ensure that accounting and other staff are properly trained on financial and accounting practices
- Participate in benefits administration
- Some occasional evening and weekend hours may be required for meetings or events, and to meet deadlines.
- Participate in organization-wide initiatives such as organizational committees, events and inter-departmental collaborations
- Performs other duties and functions as necessary or as assigned.
- Hire, train and mentor employees.
- Organize and oversee the schedules and work of department staff.
- Conduct performance evaluations that are timely and constructive.
- Handle discipline and termination of employees as needed and in accordance with company policy.
Ability to perform the essential job duties with or without reasonable accommodation and without posing a direct threat to safety or health of employee or others. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.
EDUCATION AND/OR EXPERIENCE
- Five or more years of experience in a nonprofit organization, preferably in affordable housing
- Three or more years of supervisory experience
- Bachelor’s degree required (prefer Business, or Accounting or similar)
- MBA degree preferred
- CPA Certification required within first year (Hacienda will support)
KNOWLEDGE, SKILLS & ABILITIES
- Knowledge of U.S. Generally Accepted Accounting Principles, OMB, federal, state, local laws, standards and regulations, especially as they relate to non-profit accounting
- Familiarity with Low Income Housing Tax Credit preferred, and familiarity with New Markets Tax Credit structures and requirements a plus
- Ability to create and assess financial statements and budget documents
- Ability to work independently with minimal supervision
- Ability to manage multiple complex, multi-faceted projects simultaneously
- Ability to prioritize numerous projects, reporting deadlines and staff activities
Must have excellent English verbal, written and oral communication skills
The ability to speak, write, and understand Spanish is a plus, but not a requirement for the position.
- Job requires specialized computer skills including MS Word, Excel, PowerPoint, Outlook. Must be adept at using various applications including database, spreadsheet, report writing, online research, project management, word processing, presentation creation/editing, communicate by e-mail and use scheduling software.
- Familiarity with MIP Fund Accounting and Microix a plus
CERTIFICATES, LICENSES, REGISTRATIONS
- Certified Public Accountant license
- Valid Driver’s License and access to car is preferred
Position is sometimes sedentary, but also requires mobility to client and partner sites and office headquarters; dexterity necessary to operate a computer with substantial repetitive motion of wrists, hands, and/or fingers; the ability to lift up to 20 pounds occasionally; the visual acuity to read and prepare/analyze data and figures; ability to express/exchange ideas by means of the spoken word; perceive the nature of sounds at normal speaking levels with or without correction; majority of work performed indoors.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. The noise level in the work environment is usually quiet to moderate.
Note: This job description is intended as a guideline only and does not limit in any way the duties or responsibilities of any employee. Nothing herein shall be construed as a contract of employment, expressed or implied. All employment is terminable at will, with or without cause.
Hacienda CDC is an equal opportunity employer!