Careers

NOW HIRING: Chief Financial Officer

Reports to: President

Status: Full-time, exempt

Location: Boston, Massachusetts

 

Related duties and responsibilities:

 

Organizational Strategy and Results:

  • Together with the President, develops the strategy to ensure that the organization has the financial resources needed to achieve its current and future goals, while mitigating financial and operational risk.
  • Develops and maintains effective working relationships with key financial partners including funders, investors, partners, government agencies, consultants, and vendors.

 

Financial Management and Reporting:

  • Oversees organizational budgeting, accounting and cash management to ensure accurate reporting, interpretation and analysis of financial results in conjunction with forecasts and long range plans
  • Manages and supports the preparation of the annual consolidated corporate audit and tax returns
  • Oversees the annual corporate consolidated financial statements.
  • Oversees and reviews property audits and tax returns prepared by professional services firm.
  • Establishes and maintains controls to safeguard assets; documents and recommends improvements to internal financial policies and procedures
  • Oversee the development and completion of timely financial statements and reports on transactions and/or information requests.
  • Manages and monitors the organization’s cash flow and real estate development capital needs.
  • Optimizes the investment of available cash in accordance with the Company’s Investment Policy.
  • Supervises the Accounting Manager on day to day operations that includes, but is not limited to, month/year end close, accounts receivable & payable, financial reports, payroll, invoicing, cash receipts and disbursements.
  • Maintains various liability and insurance policies.

 

Real Estate Development and Asset Management:

  • Works collaboratively with the Asset Manager and Real Estate staff to review potential acquisitions, debt, equity and public subsidy proposals and partnership/operating agreements.
  • Reviews key legal agreements, including mortgages, loan documents, subordination agreement and guarantees as part of a financing and construction loan closing that may involve Low Income Housing Tax Credits, Historic Tax Credits, New Markets Tax Credits, bond financing, public subsidies and contracts, and/or private debt.
  • Works with the Asset Manager to monitor the financial performance of the existing portfolio, including current year performance, budgeting, and capital needs, to identify candidates for disposition, recapitalization, or refinancing.
  • Works with the Asset Manager to ensure compliance and manage relationships with investors and lenders for POUA’s affordable housing and commercial portfolio.

 

Qualifications:

  • At least 10 years of demonstrated relevant finance and accounting experience, with at least five years’ experience in a senior or executive level capacity, with both technical and management proficiency in operations of a real estate development organization.
  • BA or MBA in Finance or Accounting required, other additional relevant advanced degree and/or certification, such as a CFA or CPA, CPA preferred.
  • Knowledge and experience with real estate accounting and finance, preferably in affordable multi-family housing and Low-Income Housing Tax Credit portfolios.
  • Use of collaborative and facilitative approach and the flexibility to work with broad range of cultures, personalities, and work styles.
  • Commitment to community development, helping low income communities and strong work ethic and understanding of nonprofit business models.
  • Professional demeanor and willingness to cooperatively participate on a team in a mission-based organization.
  • Ability to demonstrate the greatest level of flexibility in an environment with frequently changing priorities required to meet the needs of POUA’s internal and external customers.
  • Demonstrated ability to prepare clear, accurate, well-organized written and financial reports and to communicate verbally in an effective and concise manner.
  • Proficient in Microsoft Office, accounting software programs, and network administration.
  • Supervisory experience required.

 

 

Compensation:

Competitive Salary. Excellent benefits package that includes medical, dental, 14 paid holidays, PTO (4 weeks) & sick leave, life insurance, 4% match contribution to 401(k), and bonus potential. POUA is an Equal Opportunity Employer.

 

 

How to Apply:

Please submit a letter of interest, resume, and salary requirements to: Celeste Holmes at celeste@poua.org.