Chief Financial Officer – Murfreesboro, TN

About the role

The Murfreesboro Housing Authority (MHA) is seeking a strategic and experienced Chief Financial Officer (CFO) to lead all financial operations and support the organization's mission of providing quality affordable housing and services to the community.

Responsibilities

• Assists in the execution of staff succession and growth plans.
• Ensures adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits.
• Develops and maintains systems of internal controls to safeguard financial assets of the Authority.
• Oversees federal/state awards and programs.
• Oversees activities of independent auditors; ensures all audit issues are resolved and all compliance issues are met; verifies the preparation of the annual financial statements are in accordance with U.S. GAAP and federal, state, and other required supplementary schedules and information.
• Develops and/or recommends accounting strategies, objectives, and departmental policies and procedures; implements federal, state, and local directives and statutes as applicable for departmental activities and programs.
• Develops and/or recommends and ensures consistent adherence to the routine processes and procedures of the Accounting Department, suggesting alternative courses of action, as applicable.
• Safeguards financial assets of the Authority.
• Ensures accounting, financial, and budgetary systems are maintained in accordance with Generally Accepted Accounting Principles (GAAP); establishes and maintains appropriate internal controls to ensure compliance with applicable federal, state, and local laws and regulations and Authority rules and procedures.
• Prepares and reviews various financial statements, balance sheets, and internal and external reports, applying financial, statistical, and accounting principles; submits information to the Chief Executive Officer, the Board of Commissioners, and HUD as appropriate regarding the financial condition of the Authority and status of all programs and budgets.
• Maintains effective monitoring and reporting systems to ensure the adequacy, quality, and timeliness of departmental work.
• Congresses and coordinates with department team leaders to prepare annual budgets; confers with the Chief Executive Officer regarding expenditure projection and allied fiscal activities; reviews budget proposals and prepares appropriate documentation and justification; leads in the planning and coordination of priorities of the financial program of the Authority.
• Maintains and oversees the maintenance of the inventory of all fixed assets, including assets purchased, and ensures appropriate purchases are in accordance with all procurement regulations.
• Manages all relevant functions in preparation of payroll for all Authority employees.
• Manages all relevant functions in preparation of payroll for all Authority employees.
• Manages all relevant functions in preparation of payroll for all Authority employees.
• Prepares the annual unaudited Financial Data Schedule (FDS) to HUD within the required sixty days from the end of the fiscal year.
• Submits all year-end entries; closes the books for all entities for the fiscal year-end in anticipation of the annual audit.
• Prepares and posts capital fund benefit charges.
• Generates/prints payable reports of inter-company accounts.
• Performs monthly operating subsidy drawdowns, funds transfers, etc.; maintains general ledgers required for each program in compliance with federal, state, and local requirements; serves as Line of Credit Control System (LOCCS) officer.
• Checks payroll liability accounts for correct ending balance.
• Reconciles Daily Statement of Operation report to Tenant Balance report to the corresponding General Ledger Account balances.
• Performs other relevant monthly closing functions as assigned.
• Aids Property Managers with month-end closing, when necessary.
• Prepares operating subsidy calculation submissions to ensure eligibility under the fund formula; provides supporting documentation as needed or requested by the HUD field office.
• Prepares Payment In Lieu of Taxes (PILOT) forms and submits payment to; maintains Maintenance and Replacement Fund Requirements to ensure funds set aside can be repaid to appropriate accounts.
• Supervises the 1099 process and ensures accurate and timely submission to the IRS.
• Completes and submits the Annual Survey of Government Employment.
• Manages highly sensitive documents pertaining to financial topics; maintains confidentiality regarding all documents and information received by, or in the possession of the employee.
• Completes other related duties as assigned.

Qualifications

• Bachelor’s Degree in accounting, finance, or related field (Master’s preferred)
• Minimum of seven (7) years of progressively responsible experience in financial management
• Knowledge of Generally Accepted Accounting Principles (GAAP), General Accounting Standards Board (GASB) and other accounting methods as required for HUD and Federal reporting
• Knowledge of applicable federal, state and local laws, regulations and guidelines
• Knowledge of financing, budgeting, loans, mortgages and financial reporting and cost allocations
• Knowledge of management principles, methods, and practices and their application to department programs and activities
• Knowledge of procurement regulations and best practices
• Ability to prepare, review and/or approve detailed and complex reports, funding applications, and budgets
• Ability to interpret and implement laws, rules, regulations, guidelines, policies, and procedures related to departmental programs and activities
• Ability to read and interpret a variety of instructions furnished in written, oral, diagram, or schedule form and to prepare concise and accurate analysis for executive-level decision making
• Ability to speak and present information effectively to top management, public groups and/or Board of Commissioners
• Ability to negotiate; strong language and communication skills
• Ability to establish and maintain effective working relationships with internal customers, external customers, officials, suppliers, and the general public
• Ability to assist in the hiring of new employees, evaluate performance of subordinates accurately and timely, correct deficiencies, and to guide and assign personnel
• Ability to establish, monitor, and achieve objectives through skillful delegation of duties
• Ability to orient other employees and to explain organizational policies, rules regulations, and procedures