The Chief Financial Officer (CFO) is responsible for all financial matters of Greater Minnesota Housing Fund. The CFO will report to and work closely with the President. In addition, the CFO will partner with the senior leadership and the board of directors to develop and implement strategies across the organization.
The CFO is responsible for maintaining the financial statements of the organization and for servicing the Loans disbursed by the organization. The CFO, with the assistance of the Director of Lending & Programs will also oversee all compliance and recognition for government (federal and state) contracts and private grants. The CFO must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while managing an accounting and finance staff of three people.
- Oversee cash flow planning and ensure availability of funds as needed.
- Oversee investment management.
- Communicate regularly with investment advisor on investment performance and cash flow needs.
- Develop an effective asset allocation and investment policy for recommendation to the CEO and the Finance Committee of the Board.
- Monitor and review investment advisor and manager performance reports for compliance with established performance benchmarks and investment policy.
- Periodically conduct investment advisor requests for proposal, lead the selection process; oversee the hiring and management the investment consultant.
- Oversee asset management function for company’s loan fund, gap loan, and equity investment portfolios.
- Oversee financing strategies and activities, as well as banking relationships.
- Participate in development activities providing company financials and acting as point of contact for financial due diligence with Funders. Review and accept covenants in funding agreements.
- Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans.
Strategic Planning and Investor Relations
- Coordinate the development and monitoring of budgets.
- Develop financial business plans and forecasts.
- Participate in corporate policy development as a member of the senior management team.
- Engage the finance committee of the board of directors to develop short-, medium, and long-term financial plans and projections.
- Represent the company to financial partners, including financial institutions, investors, foundation executives, auditors, public officials, etc.
- Remain up to date on nonprofit audit best practices and state and federal law regarding nonprofit operations.
Accounting and Administration
- Maintain and oversee the day-to-day financial and accounting operations of the organization, ensuring that appropriate systems are in place to maintain effective internal controls for the organization.
- Maintain an internal reporting system and account structure that ensures proper disclosure and accountability for all financial activities.
- Ensure maintenance of appropriate internal controls and financial procedures.
- Ensure timeliness, accuracy, and usefulness of financial and management reporting for federal and state funders, foundations, and GMHF’s board of directors; oversee the preparation and communication of monthly and annual financial statements.
- Coordinate audits and proper filing of tax returns.
- Ensure legal and regulatory compliance regarding all financial functions.
- This position requires ten or more years of experience working in a multi-faceted organization, with significant experience in the following areas:
- Nonprofit accounting and management.
- Finance, accounting, institutional investments and business management.
- Strategic financial planning.
- Ability to manage multiple competing priorities and facilitate work among a professional team.
- Knowledge & experience in real estate development & small business finance.
- Community relations, board relations, management team, and client relations experience.
- History of managing growth, aligning operations to support strategic business priorities.
- Proven track record of problem-solving, resourcefulness and exceeding set goals.
- Planning oriented, deadline oriented, bottom-line approach to management and operations.
- Evidence of good decisions through sound analysis, life experience, and good judgment.
- Ability to think strategically, anticipate future consequences and trends, and build the organization components to address dynamic circumstances.
- Excellent oral, written skills, meeting facilitation, business negotiation skills.
- Strong belief in the values of Greater Minnesota Housing Fund, driven by vision & mission.
- Competent in latest office software, ability to learn additional core programs.I
GMHF is an equal opportunity employer and program provider.
No one will be denied the opportunity to participate in GMHF’s programs, employment, or promotion, based on race, color, creed, marital status, status with regard to public assistance, disability, genetic information, sexual orientation, age, religion, national origin, sex, or membership in a local human rights commission.