Chief Financial Officer

Planning Office For Urban Affairs - Boston, MA

Full-time - Senior

Boston, MA

Professional, Scientific, and Technical Services

About the position

The Chief Financial Officer (CFO) at the Planning Office for Urban Affairs (POUA) plays a pivotal role in ensuring the financial health and sustainability of the organization. Established in 1969 by the Archdiocese of Boston, POUA is a nonprofit organization dedicated to social justice through housing development, neighborhood revitalization, and affordable housing advocacy. With a rich history of creating vibrant communities and advocating for those who are housing deprived, the CFO will be instrumental in shaping the financial strategies that support POUA's mission. The CFO will work closely with the President to develop strategies that secure the financial resources necessary for achieving both current and future organizational goals while mitigating financial and operational risks. This role requires the CFO to cultivate effective relationships with key financial partners, including funders, investors, government agencies, and consultants, ensuring that POUA maintains a strong financial standing in the community. In terms of financial management and reporting, the CFO will oversee budgeting, accounting, and cash management processes, ensuring accurate reporting and analysis of financial results. This includes managing the preparation of annual audits and tax returns, overseeing property audits, and establishing internal controls to safeguard the organization’s assets. The CFO will also supervise the Accounting Manager and ensure the timely completion of financial statements and reports. Additionally, the CFO will collaborate with the Asset Manager and Real Estate staff to review potential acquisitions and monitor the financial performance of POUA's existing portfolio. This includes ensuring compliance with investors and lenders, as well as managing relationships that are crucial for the success of POUA's affordable housing and commercial projects. Overall, the CFO will be a key member of the leadership team, contributing to the strategic direction of the organization and ensuring that POUA continues to fulfill its mission of creating strong, diverse communities.

Responsibilities

• Develops the strategy to ensure financial resources are available for current and future goals.
• Maintains effective working relationships with key financial partners including funders and government agencies.
• Oversees organizational budgeting, accounting, and cash management.
• Manages the preparation of the annual consolidated corporate audit and tax returns.
• Oversees the annual corporate consolidated financial statements and property audits.
• Establishes and maintains controls to safeguard assets and recommends improvements to financial policies.
• Oversees the development and completion of timely financial statements and reports.
• Manages and monitors the organization's cash flow and capital needs for real estate development.
• Supervises the Accounting Manager on day-to-day operations including financial reports and payroll.
• Collaborates with the Asset Manager to review potential acquisitions and financing proposals.
• Monitors the financial performance of the existing portfolio and ensures compliance with investors and lenders.

Requirements

• At least 10 years of relevant finance and accounting experience.
• Minimum of five years in a senior or executive level capacity.
• BA or MBA in Finance or Accounting required; CPA preferred.
• Knowledge of real estate accounting and finance, especially in affordable housing.
• Ability to work collaboratively with diverse cultures and personalities.
• Commitment to community development and understanding of nonprofit business models.
• Demonstrated ability to prepare clear and accurate financial reports.
• Proficient in Microsoft Office and accounting software programs.
• Supervisory experience is required.

Nice-to-haves

• Additional relevant advanced degree or certification such as CFA.
• Experience with Low-Income Housing Tax Credit portfolios.

Benefits

• Competitive Salary
• Medical and dental insurance
• 14 paid holidays
• 4 weeks of PTO
• Sick leave
• Life insurance
• 4% match contribution to 401(k)
• Bonus potential