Chief Financial Officer

Jacksonville Housing Authority•Jacksonville, FL

About The Position

The Chief Financial Officer leads the Finance and Accounting Department of the Jacksonville Housing Authority (JHA). The role maintains control of the general ledger, prepares and reviews financial reports, oversees periodic reporting to HUD and requests funds under established procedures, analyzes financial information, makes recommendations, presents reports, and supervises accounting staff. The CFO ensures financial and budget operations, procedures, and internal controls comply with Agency policies, GAAP, FASB and GASB standards, HUD guidelines, and applicable regulations. The position manages day-to-day and month-end accounting, year-end functions, financial reporting, grant and housing-program accounting, cash management, tax and withholding reporting, and the annual audit. It also represents the Agency with governmental and community organizations, monitors changes that may affect operations, and recommends or implements policy and procedural updates. The CFO plans, assigns, reviews, and supports the development and performance of accounting personnel. The position is primarily based in an office environment with substantial interaction with internal and external clients. Work may temporarily take place at different properties or sites and may involve exposure to outdoor environmental elements. The employee frequently remains stationary and uses computers and other office equipment, moves around the office, and attends on-site and off-site meetings. Occasional transport of up to 10 pounds is required. A valid driver's license and insurability by JHA are required. The position reports to the President/Chief Executive Officer and has leadership, supervisory, organizational, and financial accountability.

Requirements

Bachelor’s degree in accounting.
Ten years of progressively responsible experience in financial accounting or financial management.
At least three years of supervisory experience.
Current CPA license.
Demonstrated ability to manage staff.
Expertise with local, state, and federal housing regulations.
Strong knowledge of financial requirements for Section 8, FHA Multifamily, Public Housing, and Low-Income Housing Tax Credit programs.
Solid understanding of accounting requirements and principles, including applicable GAAP, FASB, GASB, and HUD requirements.
Working knowledge of Microsoft Office and Yardi Voyager property management software.
Strong written and verbal communication skills.
Knowledge of HUD and other federal, state, and local regulations related to public housing authority financial operations; management and supervision; accounting; accounting-related software; and report preparation.
Ability to plan and assign routine work and special projects; compile or direct the compilation of data and prepare reports; analyze financial data and formulate recommendations; communicate effectively; manage work projects; anticipate problems and initiate corrective action; evaluate subordinate performance; and establish effective working relationships.
Skill in analyzing and summarizing financial data, using personal computers and the ADP system, applying accounting principles and practices, and developing accounting policies and procedures.
Valid driver’s license and ability to be insured by the Jacksonville Housing Authority.
Successful applicants must pass a background check, which may include employment, criminal, and driving history; a pre-employment drug screening may also be required.

Nice To Haves

Experience in a public housing authority or affordable housing organization.
Public housing experience is strongly preferred; experience in another type of public agency is acceptable.
Established relationships with HUD and affordable housing providers.

Responsibilities

Lead the Authority’s accounting function, including day-to-day operations and month-end close activities; establish closing procedures and coordinate timely preparation of financial statements.
Coordinate budgeting and accounting for affordable housing apartments and disburse mortgage payments.
Review general ledger balances, financial statements, journal entries, project-based budgets, tenant receivables, utility consumption reports, fraud recoveries, and grant reports; recommend adjustments or other actions as appropriate.
Process Family Self-Sufficiency payouts, forfeitures, and transfers; track Section 8 lease-up and administrative fees; manage pooled cash, Section 8, and payroll bank accounts; and coordinate receivables collection with FCBBIC.
Prepare monthly, quarterly, and annual financial statements and present monthly reports to the Board of Commissioners and the Board’s Cost and Administration Committee.
Serve as liaison to the trustee of the Multifamily Revenue Bonds; request funds through LOCCS; coordinate grant and budget revisions with HUD; and enter quarterly data into HUD’s Voucher Management System.
Prepare REAC financial data and reclassifications, HUD Operating Fund calculations, year-end Section 8 and Operating Fund settlements, Section 8 budgets and revisions, and requests for reimbursement of excess utility consumption.
Oversee the year-end audit, including preparing the RFP, negotiating the scope and fee, and coordinating audit activities.
Oversee IRS levies, Form 945, W-2s, 1099s and related tax forms; prepare personal property tax returns; file monthly sales tax returns; report wages and withholdings; and handle unclaimed funds reporting to the State of Florida.
Assist with the annual operating budget and coordinate the annual physical inventory of fixed assets.
Lead general ledger, payroll, fixed asset, accounts payable, and bank reconciliation functions; review system patch notes and assess operational impacts.
Review and update the accounting procedures manual, research IRS regulations, and monitor changes in laws, regulations, and technology; implement policy and procedural changes as needed.
Analyze Agency-wide monthly and annual financial reports for accuracy, validity, reliability, program alignment, and compliance; prepare reports and recommendations for the President, Board, management, and affiliate entity boards.
Represent the Agency in meetings with governmental agencies, community groups, and business, professional, educational, regulatory, and legislative organizations; conduct organizational and operational studies and recommend changes.
Stay informed about developments in finance programs and operations and participate in professional group meetings.
Review departmental time and leave reports; plan, assign, and review subordinate work; train or direct training; prepare and discuss performance appraisals; counsel staff; and recommend disciplinary or other personnel actions.