Chief Financial Officer

Cordia Resources by Cherry Bekaert is partnered with an affordable housing nonprofit who is seeking a Chief Financial Officer to join their team on a fulltime permanent basis.

Title: CFO
Location: Hybrid Washington DC
Salary Range:
Job Type: FullTime Permanent

Reporting to the CEO the CFO will manage a team of approximately eight staff members including the Controller and two Senior Accountants who are responsible for all accounting activities. The real estate focused Chief Financial Officer (CFO) is a member of the executive leadership team and has overall responsibility for the finance accounting and financial strategy in conjunction with the senior staff and Board of Directors and its affiliates. Working as a collaborative leader the CFO is responsible for leading and managing and reporting on all fiscal and fiduciary affairs including reporting to the Board and company leadership; cash and investment management; budgeting and forecasting; and oversight of all aspects of the finance department.

SPECIFIC DUTIES:
The ideal candidate will be a creative and entrepreneurial thinker that has financial management and Operational experience as follows:
Overseeing all company financing activities for both existing and new housing developments.
Working with operational teams in overseeing financial management of all housing project development construction property management operations and permanent financing functions for the company.
Knowledgeable equity and debt financing for existing and new developments including oversight for four Capital Funds utilized for ongoing developments.
Revise and maintain departmental policy and procedures manual.
Oversees senior accountant and controller in charge of nonprofit accounting.
Cashflow modeling valuations and investor / debt partners reporting.
Oversee Production of Financial Forecasts for each asset and company including budgeted actual and projected cash flows.
Working in crossfunctional teams develop and improve key processes to better manage risk and reduce expenses.
Identify and report on key performance indicators (KPIs) metrics and activity indicators in a focused and consistent manner. Gain agreement with leadership through the implementation of data dictionary for managing definitions and calculations.
Key Leadership and Corporate Collaboration:
Partners with the CEO and executive leadership team in developing the company strategy and to ensure that the organization has the financial resources needed to achieve its current and future goals while mitigating financial and operational risk.
Work closely internally with Property and Asset Management functions and banking and equity partners.
Working with the COO and Property Management leadership ensures best practice financial management practices are in place for property operations.
Develops and maintains effective working relationships with key financial partners including funders investors partners government agencies consultants and vendors.
Oversees annual corporate consolidated financial statements and annual corporate audit as well as audits and tax returns for all affiliates.
Prepares compliance responses on behalf of owner to government agencies and financial institutions.

DESIRED QUALIFICATIONS:
Demonstrated success in leading the finance function for real estate 10 years).
MBA in Finance Accounting or related areas of study and/or CPA CMA or Chartered Accountant or equivalent.
Knowledge and experience with real estate accounting and finance particularly with multitiered real estate entities and consolidation accounting (experience with affordable multifamily house a plus).
Exposure and functionality with nonprofit accounting practices (experience with grant compliance a plus).
Professional demeanor and willingness to cooperatively participate on a team in a missionbased organization.
Critical thinker: uses collaborative and facilitative approach and has the flexibility to work with broad range of cultures personalities and work styles.
Commitment to community development helping lowincome communities.
A selfstarter who takes initiative and works well in driving successful results with minimum supervision and direction.
Familiarity with Real Page and Onesite accounting and property management systems a plus.

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