Chief Financial Officer

Under the direction of and reporting to the President and CEO, the Chief Financial Officer (CFO) directs the organization’s accounting and financial practices and provides strategic leadership for the organization’s three nonprofit entities that have a combined annual budget of $9 million. This position serves as a senior leader within the organization and is the staff leader of the Finance Committee of Acts’s Board of Directors.

The CFO is responsible for managing Acts’ outsourced bookkeeping and finance support firm. After a sustained period of onboarding, the CFO will ultimately supervise multiple administrative personnel and provide key leadership for Acts’ mortgage lending operation, among other duties.

Responsibilities:

• Establishes, or recommends organizational financial strategies, objectives, and policies. Recommends modifications to existing strategies, objectives, and policies.
• Collaborate with other senior leaders to develop and implement strategies that support the organization’s mission and goals.
• Provides senior leadership and Board of Directors with timely reviews of the organization’s financial status and progress in its various programs and activities.
• Prepares financial reports that summarize and forecast the organization’s financial activity and position in areas of income and expenses based on past, present, and expected operations.
• Serves as staff lead for the Finance Committee, collaborating with other committee members to provide strategic financial guidance and support to the organization.
• Directs preparation of organizational budgets, reviews budget proposals, and prepares necessary supporting documentation and justification. Works with senior leadership to identify opportunities for process improvement and financial controls.
• Monitor actual performance against budget and provide regular updates and analysis to the CEO and Board of Directors.
• Develop and maintain financial forecasting models that support long-term financial planning and decision-making.
• Oversee the annual independent audit of the organization’s finances and the filing of all necessary tax forms.
• Partners with program, government relations, and fundraising leadership to ensure accurate tracking and reporting of all contract and grant expenditures.
• Negotiates credit and equity equivalent agreements with financial institutions and provides reporting and stewardship for those key stakeholder relationships.
• Leads financial institution engagement, stewardship, and negotiation of Acts Lending’s Turn-Key Community Reinvestment Act (CRA) mortgage loan purchase program.
• Manages key organizational contracts, such as with its Professional Employee Organization (PEO), insurance providers, and certain other key service providers.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Education & Experience:

• Passion for the mission and work of the organization.
• Bachelor’s degree, preferably with a major in accounting, finance, or related discipline, is required. Master’s degree (M.A.) or equivalent is preferred.
• At least 10 years of progressively responsible experience in financial management. Exposure to nonprofit accounting is preferred.
• Proven track record of successful financial management, including experience developing and implementing financial strategies, managing budgets, and overseeing financial reporting and compliance.
• Strong leadership and management skills, with experience building and leading high-performing teams.
• Experience with Salesforce or other CRM databases is preferred.
• Proficiency with Microsoft Office/Google Suite, including advanced Microsoft Excel skills.
• Advanced knowledge of accounting, database, and project management software.

Required Skills/Abilities:

• Ability to read, analyze, and interpret business and government contracts and regulations. Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively present information and respond to questions in a clear and concise fashion from colleagues and organizational volunteers who may or may not have a significant finance background.
• Ability to analyze past budget and financial performance to come up with reality-based forward-looking financial projections.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

Physical Requirements:

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
• While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee is frequently required to use their hands to finger, handle, or touch objects, tools, or controls. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus.

Compensation:

• Competitive pay commensurate with experience
• Health and dental coverage
• 401K retirement plan with employer contribution
• Tuition reimbursement

Acts Housing is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, pregnancy-related conditions, and lactation), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information, or any other characteristic protected by applicable federal, state, or local laws and ordinances. Acts Housing’s management team is dedicated to this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, employee activities, access to facilities and programs, and general treatment during employment.