Chief Financial Officer (CFO)

Job title: Chief Financial Officer (CFO)

Company: District of Columbia Housing Finance Agency


Job description: 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 teamServe as liaison between the Agency and the national credit rating agencies regarding the issuer credit rating and bond issuance transactional credit rating assignmentLead fiscally based and program goal balanced investment and debt structuring and loan product development processResponsible for preparing and managing the Agency’s annual budget by accurately and timely reporting the Agency’s financial resources and expendituresOversee the annual audit process with the Agency’s auditing firm and the United States Treasury DepartmentManage 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 ratingsSet daily interest rates for the Agency’s Single Family Program’s loan productsManage 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 ratingsEstablish 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 statementsManage financial advisors, contractors, and consultants that provide financial advice and analysis to the AgencySet goals and objectives for the Office of Financial Management to support the Agency’s mission and business and financial goalsProvide 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 dataKNOWLEDGE 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 AccountantFive (5+) years experience with Housing Finance Agencies (HFAs) preferredMinimum of 5 years experience in senior leadership roleKnowledge of GAAP and Governmental Accounting Standards Board pronouncementsKnowledge of multi-unit Agency budgeting and budget progress reportingKnowledge 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 teamsMust possess strong working knowledge of all aspects of Microsoft Office Suite, specifically Excel and Financial management softwareAbility to deploy, customize and operate a complex suite of HFA industry specific software systemsMust be able to successfully and autonomously manage projects of a varied and complex natureExcellent communication skills both verbal and writtenAbility to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlinesExcellent communication skillsPIe63a6dafba15-9327

Expected salary:

Location: Washington DC

Job date: Sun, 19 Jan 2025 08:49:59 GMT

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