Chief Financial Officer

SUMMARY:

The Chief Financial Officer (CFO) is a member of the executive leadership team and has overall responsibility for the finance and financial strategy of FWHS and its affiliates. The CFO ensures financial integrity, regulatory compliance, and strong internal controls while supporting major initiatives including bond financing, mixed-finance development, and portfolio repositioning. This position reports directly to the President and plays a critical leadership role in strategic planning, budgeting, forecasting, asset management, financial analysis, and securing new funding streams.

 

ESSENTIAL DUTIES AND RESPONSIBILITIES:

The below statements are intended to describe the general nature and scope of work this position requires. This is not a complete listing of all responsibilities, duties and/or skills required. Other duties may be assigned.

 

Financial Leadership & Strategy

• Lead all financial, accounting, asset management, reporting, and treasury functions across FWHS and its affiliates
• Oversee cash management, annual budgets, financial forecasts, financial analysis, investments, and long-range planning for the real estate/asset management, and public finance divisions
• Advise the President and executive leadership on financial strategy, risk management, and major funding decisions
• Develop and maintain positive working relationships with key financial partners including funders, investors, partners, government agencies, consultants, and vendors

Regulatory & Program Compliance

• Ensure full compliance with federal financial regulations, Government Auditing Standards, HUD requirements, LIHTC regulations, RAD program requirements, and other major federal programs
• Oversee internal and external audits for FWHS and affiliates and maintain strong internal controls

Program & Systems Implementation

• Design and implement financial systems to support expanding programs, including RAD, LIHTC, mixed-finance projects, bond financing, and new development initiatives
• Identify and implement processes and reporting tools to increase visibility and transparency of agency’s financial and portfolio position and trends

Asset & Investment Strategy

• Guide asset management and investment strategies for FWHS to maximize ROI to the agency and provide greatest community benefit
• Establish a consistent framework and criteria for oversight of portfolio performance and evaluation of property success
• In coordination with Chief Development Officer, review and analyze all development opportunities to ensure alignment with strategic goals and a net benefit to the agency

Oversight of Subsidiary Financial Operations

• Provide financial oversight and strategic direction for FWHS and its affiliates; measure and analyze performance, providing consistent reporting and taking initiative to implement measures for improvement
• Ensure consistency in financial management practices across entities with diverse funding sources

Team Leadership

• Provide direct supervision over and guidance to VP of Asset Management and VP of Finance
• Supervise and develop asset management and finance teams, including departmental managers
• Promote a culture of excellence, accountability, and continuous improvement.
• Performs other related duties as assigned.

 

BEHAVIORAL COMPTENCIES:

 

Building Relationships/Interpersonal Skills

Values organizational diversity; treats others with respect; promotes cooperation; effectively manages relationships.

Creative Problem Solving/Strategic Thinking

Develops and creates ideas, processes and approaches that shape the future; makes decisions based on facts; uses analysis and critical thinking skills to solve problems; ensures that decisions are aligned with articulated strategic directions of management.

Communication

Demonstrates effective verbal, written, listening, and presentation communication skills

Development of Self and Others

Seeks opportunities to learn and to develop himself/herself and others; applies new skills/knowledge needed to add value to the performance of the organization; sets developmental goals for self and others; seeks performance feedback.

Flexibility/Adaptability to Change

Responds positively to and champions change to others; demonstrates an ability to incorporate innovative practices into the workplace to enhance effectiveness and efficiency.

Leadership/Achievement Orientation

Influences others to accomplish the mission in ways consistent with the values of the organization; holds self (and others) accountable to meet goals and objectives; accomplishes desired outcomes; sets an example of integrity and ethics through demonstrated performance. Must be a collaborative leader that will bring renewed energy, innovation, and rebranding to the organization.

Quality Service Definition

Strives to meet the expectations of internal and external customers; demonstrates skill and knowledge specific to serving others.

Results Driven

The ability to make timely and effective decisions and produce results through strategic planning and the implementation and evaluation of programs and policies, stressing accountability and continuous improvement.

Business Acumen

The ability to acquire and administer human, financial, material, and information resources in a manner which instills public trust and accomplishes the organization’s mission, and to use new technology to enhance decision making.

Professionalism

Approaches others in a tactful manner; reacts well under pressure; treats others with respect and consideration regardless of their status or position; accepts responsibility for own actions.

 

QUALIFICATIONS:

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 functions.

 

EDUCATION AND EXPERIENCE:

• Bachelor’s degree from an accredited college or university in Accounting, Finance, or related field with at least ten (10) years of progressively responsible financial and accounting management experience, at least five (5) years of department-level supervisory experience
• MBA, MPA or other advanced degree preferred
• Expertise in:
  • Public Housing and Housing Choice Voucher programs
  • Government Auditing Standards
  • Low-Income Housing Tax Credits (LIHTC)
  • Bond financing and mixed-finance development
  • RAD program requirements
• Experience with real estate accounting and financing, preferable in affordable multi-family housing
• Experience with large-scale budgets and complex funding structures
• Experience with computerized accounting systems, procurement policy, and housing industry financial software preferred

 

 

LICENSES, CERTIFICATIONS, and SKILLS:

• Active CPA Certification
• Strong analytical, leadership and communication skills
• Ability to prepare and present ideas in English, in a clear and concise manner, both orally and in writing.

 

OTHER REQUIRED QUALIFICATIONS:

• Employee must consent to and pass a criminal background check
• Employee must possess a valid Texas Driver’s License within 30 days of employment
• Knowledge of nonprofit accounting, including sophisticated fund and grant accounting, monitoring, compliance and reporting
• Direct experience working in a financial environment applying GAAP, GASB and FASB
• Knowledge and understanding of the Office of Management and Budget Circular A133 audit
• Ability to communicate clearly and concisely, orally and in writing
• Ability to establish and maintain effective and courteous relationships with other employees and other business contacts
• Above average analytical, reasoning, and organizational abilities
• Ability to coordinate several concurrent activities simultaneously
• Employee must consent to and pass a criminal background check
• Employee must possess a valid Texas driver’s license or acquire one within the first 30 days of employment and be eligible for coverage under the Authority’s fleet auto insurance

 

TECHNICAL SKILLS:

• To perform this job successfully, an individual should be proficient in Microsoft Office programs, including Word, PowerPoint, Excel, and Teams, and be capable of using internet resources for communication, research, and developing reports.
• Ability to learn other computer software programs as required by assigned tasks