Senior Vice President of Finance, Products

Enterprise Community Investment, Inc.
Columbia, MD
Oct 12, 2017
Oct 20, 2017
Full Time
Job Summary COMPANY BACKGROUND/CULTURE Enterprise Community ("Enterprise") is a family of companies whose mission is to create opportunity for low-and moderate-income people through affordable housing in diverse, thriving communities. Enterprise brings together the people and resources to create affordable housing and strong neighborhoods that provide opportunity for people. This is achieved through a combination of capital products,on-the-ground solutions, policy advocacy efforts and building partnerships and networks with other like-minded organizations. Together, Enterprise and its partners have worked to transform some of America's most distressed neighborhoods into communities of opportunity - places where families and children can thrive. Over the past three decades, Enterprise has facilitated public and private investment of more than$18 billion in low-income communities across the country - money spent to help build or preserve more than 350,000 affordable homes, create hundreds of thousands of jobs and improve countless lives. Today, Enterprise has total assets in excess of $700 million and net assets in excess of $250 million. Through its family of companies, Enterprise employees over 700 people in more than 25 states across the country. Most employees are located at its headquarters in Columbia, Maryland and in 10 other cities across the country. Annual revenues exceed $200 million. Enterprise provides over $7 billion annually in equity and/or debt financing through its capital products. These products include equity financing utilizing low-income housing tax credits, new markets tax credits and investments in housing through a fund offering cash returns. Enterprise offers mortgage loans for multifamily housing and other community projects through Bellwether Enterprise and its community development financial institution (CDFI). In addition, Enterprise develops homes in the Mid-Atlantic region and asset manages more than 100,000 units of housing nationally. Collectively, Enterprise advances its vision that one day, every person will have an affordable home in a vibrant community, filled with promise and the opportunity for a good life. POSITION SUMMARY Reporting directly to the CFO, the Senior Vice President Finance,Products will be responsible for overseeing the finance teams for Enterprise products lines. These products include Low Income Housing Tax Credit syndication, LIHTC Asset Management, New Markets Tax Credits,mortgage and lending products, conventional equity and real estate development. Each product line is lead by a senior level Controller, Director or Senior Director of Finance,responsible for managing the day to day finance operations and partnering with the business to help drive the strategic direction and business outcomes of their respective business lines with data-driven analysis and financial expertise. This role will be responsible for mentoring these finance leaders, and providing oversight to them in their day to day finance operations. In addition, this position will play a more prominent role in evaluating new product initiatives, requiring a combination of financial knowledge, people skills and creativity to solve challenges facing our product lines and to pursue opportunities for growth. This position also serves in a fiduciary role by ensuring that financial controls are designed and operated in a manner that safeguards the assets of Enterprise and the investment funds/partnerships it manages. The VP Finance, Products must also be able to communicate Job Responsibilities The successful candidate will have strong and diverse accounting, and finance experience and will be able to manage the financial systems, processes and controls for the Enterprise Product lines. The SVP Finance, Products will work closely with the finance Product line leads, key internal stakeholders, and the Finance and Audit Committees for the individual product lines. Specific responsibilities will include: Strategic Leadership Serve as a finance leader for Products, and partner to the Enterprise CFO, Board of Directors/Trustees, and the rest of the Products management team; playing an important role in enhancing the financial and operational performance of our product lines. Provide the CFO and management team with adequate, accurate and timely data and analysis to support strategic decision-making. This includes providing advice and information that helps the product lines operate as efficiently and effectively as possible. Provide leadership and support to all financial and operational aspects of Enterprise product lines and related initiatives, including effectively guiding, supporting and monitoring all financial transactions; providing advice on business formation and structures; and analyzing tax planning strategies. Support the planning, analysis and efficient execution of the capital plan for products. Support the planning, analysis and efficient execution of acquisitions, lift-outs and other business opportunities that promote growth of the product lines. Support the CFO and the rest of the management team in evaluating strategic and operational opportunities and risks. Fiduciary Oversight Ensure an environment of unquestionable integrity and internal financial controls. Evaluate, strengthen, and manage prudent financial best practices for Enterprise products. Monitor financial performance of Products by measuring and analyzing financial and operational results and initiating required corrective actions. Manage the financial and tax reporting responsibilities for Products, as well as the financial fiduciary oversight of the Enterprise investment funds and partnerships to provide timely and relevant information to investment partners (currently this includes over 150 audits and tax returns) Participate on various committees - Investment, Dispositions, and Project Performance - ensuring strong fiduciary oversight of the responsibilities for each committee. Manage and oversee all financial systems and databases for Products, ensuring accurate and high quality data. Assist in the ongoing management and analysis of the organization's portfolio of Products to properly balance mission and money related investments. Team Development Supervise, motivate, develop and enhance the performance of the accounting and finance teams for the various Product lines. Take a leading role in industry meetings and conferences. Qualifications The ideal candidate for the Enterprise Community Investment Senior Vice President of Finance, Products will be a successful CPA and finance leader who has demonstrated the ability to partner effectively with internal and external constituencies to implement creative financial management strategies. This candidate will have a depth of experience designing and improving sound accounting and financial systems and will have experience in the financial, corporate, and acquisitions sectors. The successful candidate will have: A strong educational foundation; with a CPA ideally or a CFA, with a MBA or other advanced degree. Experience with a big four accounting team a plus. Experience with real estate development or acquisitions required and mortgage/lending operations experience strongly desired. Sustained (12+ years) experience in a comparable VP Finance or other senior finance leadership role, preferably in an organization of comparable size and complexity as Enterprise, resulting in the development and implementation of effective financial management processes and operations. Demonstrated business acumen, a strategic mindset and a collaborative approach as a finance leader. Experience in project management, organizational and analytical skills. Demonstrates attention to detail and "hands on" approach. Proven people-management experience with a track record of recruiting, developing, inspiring, retaining, building and leading a high-performing finance team. A proven track record in working well in a team-oriented environment with a willingness to collaborate and multitask. Strong change management acumen and the ability to lead multifaceted change with successful outcomes, including demonstrated ability to maximize finance and accounting software, IT systems and processes, and engage in reengineering business processes to fully leverage IT tools. A career-long reputation for integrity, accountability, sound judgment and transparency, which includes the ability to effectively deal with highly sensitive and confidential information and meet commitments and deadlines. High energy, resiliency, flexibility and the ability to manage multiple priorities and make ongoing decisions. Excellent written and verbal communication skills, including communicating ideas and information to diverse audiences. Possess the experience and confidence to interact with and present to senior level management and external constituencies. Additional Info. -