Chief Financial Officer

Low Income Housing Institute•Seattle, WA

12h•Onsite

About The Position

The Chief Financial Officer (CFO) is a key member of the Executive Team, reporting directly to the President/CEO. The CFO will be responsible for the overall financial strategy, planning, analysis, and management of the organization, ensuring financial sustainability and compliance with all regulatory and funding requirements. The ideal candidate will have extensive experience in non-profit finance, affordable housing development and operations, and government funding sources, particularly HUD, Low-Income Housing Tax Credits (LIHTC), and tax-exempt bond financing.

Requirements

Bachelor's degree in Accounting, Finance, or a related field required.
Minimum of 12 years of progressive experience in senior financial management, with at least 5 years in the affordable housing or non-profit real estate sector.
Minimum of 7 years in a direct supervisory role, with proven experience managing a large accounting team through organizational scaling.
Deep understanding of Low-Income Housing Tax Credits (LIHTC), tax-exempt bond financing, and various HUD programs (e.g., Section 8, FHA financing).
Exceptional analytical, strategic planning, and leadership skills.
Proficiency in financial software and Enterprise Resource Planning (ERP) systems.
Demonstrated ability to handle complex personnel issues, conduct performance reviews, and lead staff through significant process and software transitions.
Thorough understanding of federal audit requirements (Single Audit/Uniform Guidance) and non-profit accounting standards (GAAP).
Experience managing the "human" side of finance - specifically training non-financial managers on budget adherence and financial responsibility.
Experience overseeing the selection and implementation of ERP systems and digital workflow tools.

Nice To Haves

CPA and/or Master's degree (MBA) strongly preferred.

Responsibilities

Develop and execute the organization's financial strategy to support mission fulfillment and long-term sustainability.
Oversee all accounting and financial reporting functions, including the annual audit, tax filings (Form 990), and general ledger management.
Manage treasury functions, including cash flow forecasting, banking relationships, and investment management, ensuring optimal liquidity for operations and development.
Prepare and present accurate and timely financial statements, forecasts, and reports to the CEO, Board of Directors, and finance committee.
Lead the annual organizational and property-level budgeting process, working collaboratively with department heads and property management.
Monitor budget variances and provide proactive guidance to department heads for corrective action.
Develop complex financial models and projections for proposed housing developments and financing structures.
Manage compliance with complex regulatory requirements, including those related to LIHTC, HUD programs (e.g., Section 8), and bond financing.
Oversee the financial aspects of real estate development and acquisition, including securing, structuring, and closing financing for new projects.
Ensure the timely and accurate submission of all required reports to government agencies, investors, and lenders.
Direct and manage the full finance and accounting department, including senior managers, accountants, and support staff, ensuring a high-performance culture of accountability.
Implement structured training and mentorship programs to build a robust internal talent pipeline and improve departmental efficiency.
Drive the modernization of accounting workflows by integrating new software solutions to eliminate manual entry and streamline inter-departmental reporting.
Lead the department with a service-oriented mindset, ensuring the accounting team provides clear, timely, and supportive guidance to site managers and regional directors.