Chief Financial Officer (CFO)

Employer
District of Columbia Housing Finance Agency
Location
Washington, Washington DC
Posted
Jan 18, 2025
Closes
Jan 21, 2025
Ref
2882742027
Level
Executive
Certification
Other
Work Mode
Work from office
Hours
Full Time
Employment Type
Permanent
Organization Type
Corporate
The Chief Financial Officer (CFO) is responsible for coordinating the accounting, budgeting and other financial management functions and to act as the authoritative source of accurate and complete financial reports regarding the Agency's operations. In addition, the CFO makes recommendations on policies for the investment portfolio and cash management, oversees the financial reporting for the Agency and manages the Agency's budget. As a member of the executive leadership team, the CFO champions the Agency's mission, values, and culture.

DUTIES AND RESPONSIBILITIES:

Provide strategic planning advice and fiscal oversight and analysis to the Executive Director/CEO and Senior Leadership team

Serve as liaison between the Agency and the national credit rating agencies regarding the issuer credit rating and bond issuance transactional credit rating assignment

Lead fiscally based and program goal balanced investment and debt structuring and loan product development process

Responsible for preparing and managing the Agency's annual budget by accurately and timely reporting the Agency's financial resources and expenditures

Oversee the annual audit process with the Agency's auditing firm and the United States Treasury Department

Manage large portfolios of assets, including but not limited to investments, single family and multi-family mortgage-backed securities and mortgage loans to achieve maximum return with well managed risk in order to preserve or improve portfolio and transactional credit ratings

Set daily interest rates for the Agency's Single Family Program's loan products

Manage large portfolios of debt and other liabilities, including but not limited to both variable and fixed interest rate mortgage revenue bonds and notes, operating lines of credit to achieve maximum cost savings with well managed risk in order to preserve or improve portfolio and transactional credit ratings

Establish and manages commercial banking relationships and relationships with investment banks specializing in mortgage revenue bonds, trustee banks, etc.

Oversee the production of all required reporting and presents information to the Executive Director/CEO, Board of Directors, District of Columbia government, and municipal and federal oversight agencies, including audited financial statements

Manage financial advisors, contractors, and consultants that provide financial advice and analysis to the Agency

Set goals and objectives for the Office of Financial Management to support the Agency's mission and business and financial goals

Provide leadership, guidance, and mentorship in the Office of Financial Management fostering a culture of excellence, collaboration, integrity, and innovation.

Manage the accounting staff to ensure accurate and timely processing of financial data

KNOWLEDGE AND QUALIFICATIONS:

Advanced degree in Finance, Business Administration, a related field from an accredited University or equivalent years of experience

(10+) years experience in Auditing and/or general experience as Certified Public Accountant

Five (5+) years experience with Housing Finance Agencies (HFAs) preferred

Minimum of 5 years experience in senior leadership role

Knowledge of GAAP and Governmental Accounting Standards Board pronouncements

Knowledge of multi-unit Agency budgeting and budget progress reporting

Knowledge of mortgage-backed securitization process for single family and multifamily loans, both governmental (FHA-insured) and conventional (FNMA and other GSE securities)

Knowledge of mortgage revenue tax exempt bond tax law compliance issues, including yield compliance, loan origination and bond processes, spend down timeframes, arbitrage rules, SEC mandated disclosure content, etc.

Demonstrated ability to lead, coach and develop staff with a proven track record of building and managing high performing teams

Must possess strong working knowledge of all aspects of Microsoft Office Suite, specifically Excel and Financial management software

Ability to deploy, customize and operate a complex suite of HFA industry specific software systems

Must be able to successfully and autonomously manage projects of a varied and complex nature

Excellent communication skills both verbal and written

Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines

Excellent communication skills

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