Chief Financial Officer

$80,000 - $106,000/Yr

Unclassified - Greenville, NC

Full-time - Executive

Greenville, NC

About the position

The Chief Financial Officer (CFO) of the Housing Authority of the City of Greenville, NC, plays a pivotal role in shaping the financial strategies of the organization. This position is primarily responsible for forecasting funding capital and staffing requirements, identifying monetary resources, and developing actionable plans to ensure the financial health of the Authority. The CFO will oversee the fiscal management programs and activities, requiring expert knowledge of Public Housing, Section 8/Housing Choice Voucher Program, Tax Credits, Bond Financing, Capital Funds, and Mixed-Finance Development. A deep understanding of Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) standards is essential, along with in-depth knowledge of Rental Assistance Demonstration (RAD)/Section 8 Programs. The CFO must stay updated on special RAD initiatives and Public Housing trends to effectively guide the organization. In this role, the CFO is responsible for the review and submission of the Financial Data Schedule (FDS) to HUD, necessitating a strong familiarity with major HUD regulations and all relevant Federal, State, and Local laws. The CFO holds fiduciary responsibility for the agency's investment portfolio, which includes regular reporting to ensure compliance and transparency. All actions taken by the CFO must align with the Housing Authority's mission, vision, strategic goals, and objectives, ensuring that the organization meets its long and short-term fiscal accountability goals. The CFO will lead various functions within the Authority, providing direction to meet organizational goals. This includes maintaining current knowledge of industry trends, regulatory changes, and best practices in real estate finance and property management. The position requires a proven track record of managing complex financial operations and driving financial performance, along with strong analytical and problem-solving skills. Excellent leadership and communication skills are crucial for engaging and influencing stakeholders at all levels. The CFO will also supervise the design, development, and implementation of a Department-based budgeting system, investigate alternative funding sources, and ensure effective internal controls are in place. Additionally, the CFO will represent the agency in meetings with governmental officials and civic organizations, promoting public housing and maintaining a positive community profile.

Responsibilities

• Develop financial strategies by forecasting funding capital and staff requirements.
• Identify monetary resources and develop action plans for financial management.
• Administer, advise, manage, and oversee the Housing Authority's fiscal management programs.
• Review and submit the Financial Data Schedule (FDS) to HUD.
• Maintain knowledge of industry trends, regulatory changes, and best practices in real estate finance.
• Manage complex financial operations and drive financial performance.
• Supervise the design and implementation of a Department-based budgeting system.
• Investigate alternative funding sources for the Authority.
• Establish policies and procedures to maintain appropriate records in accordance with HUD regulations.
• Provide final approval of certified financial audits for the Authority and its affiliates.
• Develop and maintain professional relationships with joint venture partners and investors.
• Lead change and transformation efforts to create lasting value for the finance function.
• Advise corporate/tax divisions on technical problems and represent the agency in meetings with officials.

Requirements

• Bachelor's degree in accounting, finance, or a closely related field.
• Ten (10) years of experience in public or governmental accounting, including five (5) years of progressive supervisory experience.
• Expert knowledge of Public Housing, Section 8/Housing Choice Voucher Program, Tax Credits, Bond Financing, and Mixed-Finance Development.
• In-depth knowledge of GAAP and GASB standards.
• Strong analytical and problem-solving skills with the ability to interpret financial data.
• Excellent leadership and communication skills to engage stakeholders effectively.
• Ability to navigate a dynamic environment and adapt to changing priorities.

Nice-to-haves

• Master's degree in a related field.
• Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) designation.

Benefits

• Competitive salary range of $80,000 to $106,000.
• Health insurance coverage.
• Retirement savings plan options.
• Paid holidays and vacation time.