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Chief Financial Officer (CFO)

Employer
Housing Opportunities Commission of Montgomery County
Location
Kensington, MD
Closing date
Dec 2, 2021

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Under the direction of the Executive Director, the Chief Financial Officer (CFO) is responsible for the direction and operation of the Finance Division. The CFO has the primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities of the Housing Opportunities Commission, an Agency with assets of over $1.8 billion, a current operating budget in excess of $292 million and capital budget of $438 million. The position directs a staff of 45-50 employees who are responsible for accounting and financial reporting, budgeting, procurement, cash management and investments, accounts payable, tenant rent collections, and payroll. The Chief Financial Officer works to optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance the Agency's cash position. The CFO plans, develops, organizes, implements, directs and continually evaluates the agency's fiscal functions and their performance. The incumbent advises on the impact of long range planning methods, the introduction of new programs and strategies and evaluates the effect on Agency goals from both a financial as well as a regulatory perspective. The CFO maintains relationships with external auditors and ensures all record keeping meets the requirements of auditors and government agencies; rating agency; and, analyzes and investigates auditor findings and recommendations. The CFO manages HOC's investment policy and related activities and decisions. The CFO is responsible for Continuing Disclosure for securities HOC issues. The position is also responsible for providing timely and accurate analysis of budgets, financial reports and financial trends in order to assist the Executive Director, the Commission and Executive Staff members in performing their responsibilities. Minimum Qualifications: . Requires a Bachelor's degree in Finance, Accounting, Real Estate Finance or related field. . Master's Degree preferred. . Minimum of 7 years experience in Finance or Accounting. . Minimum of 5 years of supervisory experience. . Considerable knowledge of generally accepted accounting principles, fund accounting, HUD accounting, profit accounting. . Considerable knowledge of, or ability to acquire knowledge of, HOC's housing programs. . Considerable knowledge of bond programs. . Significant knowledge of the practices of real estate development and finance. . Working knowledge of instruments of the money and capital markets. . Knowledge of the principles of budget and long-range planning. . Ability to tactfully deal with people in stressful situations. Ability to communicate effectively verbally and in writing Job Type: Full-time Benefits: 401(k) matching Dental insurance Employee assistance program Flexible spending account Health insurance Life insurance Paid time off Retirement plan Tuition reimbursement Vision insurance Schedule: 8 hour shift Monday to Friday Ability to commute/relocate: Kensington, MD 20895: Reliably commute or planning to relocate before starting work (Preferred) Education: Bachelor's (Preferred) License/Certification: CPA (Preferred) Work Location: One location

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