Chief Financial Officer - Dir

Detroit Housing Commission•Detroit, MI

1d•Onsite

About The Position

This is a hands-on position which manages the financial decisions and transactions of the Detroit Housing Commission, providing professional leadership for planning, analysis, justification, control, and reporting of all DHC fiscal resources, and for strategic management and planning, and performance measurements. This position is responsible for long-range financial objectives, policies, programs and practices which will achieve a continuously sound financial structure. The CFO/Financial Manager is an executive-level management position, responsible for directing the financial decisions and transactions made within the Detroit Housing Commission. This position oversees the accounting function within the Finance Department, as well as the strategic planning, analysis, internal controls, and internal/external reporting for all DHC finances. In addition, the CFO/Financial Manager monitors and evaluates the performance of the Finance Department staff, as well as establishing and enforcing the long-term financial objectives of DHC. This position maintains the financial/accounting policies and facilitates adherence to the HUD regulations and requirements related to financial management throughout DHC. Ultimately, this position has the responsibility to ensure that DHC’s books are fairly stated.

Requirements

Bachelor’s degree in accounting/finance or related field required
Certified Public Accountant (CPA) certification required
Minimum of 20 years’ experience in accounting and financial statement preparation using GASB standards
Minimum of 10 years’ progressive leadership experience directing multi-functional teams and driving strategic policy implementation in a public agency or large enterprise environment.
Comprehensive knowledge and understanding of US Generally Accepted Accounting Principles (GAAP) and Federal/state financial regulations
Must have or be able to acquire a valid state of MI driver’s license
Must pass federal, state, and local criminal investigation clearances, and pass a drug screening test administered by the Commission or its designated provider
Must be insurable under the agency’s insurance policy
Must be bondable and insurable
Knowledge of Housing & Urban Development Public Housing regulations and policies pertinent to the department
Knowledge of HUD programs, requirements, and policies/procedures
Knowledge of DHC and departmental policies, procedures, and goals
Knowledge of organization’s structure, policies and procedures.
Knowledge of standard office procedures, filing, and standard office equipment, including computer, fax, copier, telephone system
Knowledge of the principles and practices of automated information systems, and data processing
Knowledge of the operation of commission and HUD computer system and software
Knowledge of basic office practices, procedures, and equipment
Knowledge and understanding of Generally Accepted Accounting Principles and Federal/State financial regulations
Knowledge of the principles and practices of financial management, and ability to supervise and train employees
Knowledge of Uniform Relocation Assistance, Cost Control and Safe Harbor Requirements
Knowledge of accounting-related software
Knowledge of sales and use tax procedures
Knowledge in Development of new ACC units; understanding of accounting principles, grants accounting, and applicable HUD regulations
Knowledge of federal, state and local financial regulations related to accounting and financial record-keeping
Knowledge of financial regulations pertaining to HUD, low-income housing, HOPE IV, RHF and related programs
Knowledge of HUD programs, requirements and policies & procedures
Knowledge of US Generally Accepted Accounting Principles (GAAP)
Knowledge of fund and governmental accounting practices and principles
Knowledge of the principles and practices of budgeting and budget administration
Knowledge of the principles and practices of grants management
Knowledge of the principles and practices of contract administration
Knowledge of time and attendance requirements, payroll regulations and reporting procedures
Knowledge of the principles and practices of employee development
Advanced knowledge of Windows Office 365 skills (Teams, PowerPoint, Excel, Word, SharePoint)
Advanced conceptual and analytical knowledge of Microsoft Excel
Act independently
Adaptability – advanced
Analyze situations
Attend to details
Communicate verbally
Communicate in writing
Concentrate
Conflict Resolution
Effective Leadership
Empathize
Identify problems
Initiate
Manage pressure
Motivate
Multi-task
Organize
Problem solve
Think creatively
Timely completion of projects
Analyze invoices, purchase orders and requisitions accurately
Apply accounting principles and practices
Calculate, compute, summate and/or tabulate data and information
Communicate effectively orally or in writing with relevant stakeholders, internal and external, from a variety of backgrounds
Communicate technical ideas clearly and effectively
Determine whether and when to make payments and ensure correct account numbers are applied to invoices and claims
Develop and maintain effective working relationships with stakeholders to accomplish organizational goals
Forge strategic partnerships with relevant stakeholders
Lead in bridging strategy, capital, risk, and organizational performance
Maintain a culture of integrity
Maintain accurate financial records
Manage multiple priorities and demands within established requirements
Manage time effectively to ensure all work is completed timely and effectively
Master position-specific software
Operate standard office equipment
Plan, organize, complete or assign work and special projects in order to meet organizational goals
Prepare accounting and financial reports
Prepare accounting reports using a variety of software options
Prepare clear and accurate reports for informational, auditing and operational use
Prepare, analyze and audit accounting, fiscal, payroll and leave data
Provide high level, quality customer service both internally and externally
Read and understand department specific documentation, and policies and procedures
Reconcile accounts, records, reports and journal
Translate complex accounting data and regulatory metrics into clear, actionable stories that enable leadership and the board of directors to make informed governance and capital decisions.
Sitting
Visual acuity
Discerning colors
Walking
Lifting
Grasping/ finger manipulation
Carrying
Pushing
Pulling
Standing
Ascending/descending stairs
Reaching
Bending
Kneeling
Crouching
Traversing rough or uneven terrain

Nice To Haves

A master’s degree is highly preferred
Certified Government Financial Manager (CGFM) certification preferred

Responsibilities

Manages the financial decisions and transactions of the Detroit Housing Commission.
Provides professional leadership for planning, analysis, justification, control, and reporting of all DHC fiscal resources.
Responsible for strategic management and planning, and performance measurements.
Responsible for long-range financial objectives, policies, programs and practices which will achieve a continuously sound financial structure.
Oversees the accounting function within the Finance Department.
Oversees strategic planning, analysis, internal controls, and internal/external reporting for all DHC finances.
Monitors and evaluates the performance of the Finance Department staff.
Establishes and enforces the long-term financial objectives of DHC.
Maintains the financial/accounting policies.
Facilitates adherence to the HUD regulations and requirements related to financial management throughout DHC.
Ensures that DHC’s books are fairly stated.
Identify and remediate material control weaknesses and process gaps.
Coach financial leaders, foster professional growth, and cultivate succession pipelines within the finance department.
Monitor and implement necessary internal controls related to the various functions.
Establish, maintain, and enforce policies and procedures related to the various functions.
Maintain the Chart of Accounts (COA) and related hierarchy.
Supervise all accounting and financial reporting activities within the Finance Department.
Work with the GL Accountants to produce monthly financial statements, management reports and analyses, and General Ledger account reconciliations.
Work with GL Accountants to produce required HUD reporting and reconciliations.
Coordinate and supervise the annual independent audit and HUD financial/ compliance reviews.
Supervise tax reporting requirements related to payroll (quarterly and annual).
Approve journal entries, cash disbursements, eLOCCS vouchers, and invoices, as necessary.
Direct and control the preparation and certification of required financial statements including low rent program, resident management corporations, home ownership, Section 8 programs and other grant programs.
Supervise the analysis of accounting transactions related to DHC programs, and prepare monthly, quarterly, and semi-annual reports.
Ensure operating procedures for all reporting activities are completely documented, updated and revised as necessary.
Monitor and evaluate routine and special operations activities for efficiency, effectiveness and compliance with policies and procedures.
Provide all status reports of responsibility as mandated and keeps the Executive Director and Director of Administrative Services briefed.
Oversee the annual budget and planning process.
Manage the annual internal control and financial statement audits.
Maintain DHC’s annual operating budget.
Evaluate the Finance Department staff’s performance related to the various financial functions.
Work with the Executive Director and Director of Administrative Services to implement DHC’s Annual PHA Plan.
Oversee treasury activities, including cash requirement reporting.
Manage/monitor employee benefits programs (e.g. pension plan, etc.).
Oversee required agency-wide HUD reporting for all programs.
Manage Commission investments, reserve funds, cash needs, and maintain operation within budgetary guidelines and limits.
Assist the Executive Director in overseeing and analyzing accounting program plans to identify financial status, and direct the preparation of all reports that evaluate the financial position and effectiveness of the Commission.
Assist the Executive Director in planning, developing and administering operating policies and procedures to implement the department’s assigned functions.
Assist the Executive Director in formulating accounting policies applicable to complete accountability of assets, liabilities, capital, expense and income.
Assist the Executive Director in applying financial data and information to management problems suggesting approaches for assembling financial data for effective management.
Assist the Executive Director in conducting studies of all Commission activities for developing and maintaining standard and effective criteria for use in the financial reporting reimbursement estimates.
Responsible for annual certification mandated by HUD by doing PHMAP or PHAS for the assessment of the financial health of DHC by fairly measuring the Commission based on standards that are objective and uniform throughout all housing authorities.
Develop performance standards to be utilized for the evaluation of the performance of subordinate employees and for the assessment of the division’s performance.
Conduct periodic evaluations of subordinates’ job performance.
Conduct regular and special staff meetings.
Lead the preparation and presentation of comprehensive year-end financial summaries and present concise, executive-level financial packets for monthly and annual board meetings.
Model best-case, base-case, and downside financial scenarios to protect against regulatory shifts, inflation, or economic downturns.
Meet with and assist management officials in applying financial data and information to management problems.
Participate in the management of operating programs by suggesting approaches to be taken and avenues to be explored in assembling financial data to effective management use.
In connection with fiscal audit findings mandated by HUD, coordinate responses and appropriate actions, which relate to accounting matters.
Coordinate statistical, operating and financial reports for both internal and external use.
Supervise the preparation of accounting reports and recommendations resulting from audits and in cooperation with Commission operating managers.
Assure the implementation of adopted recommendations relative to accounting processes.
Monitor and evaluate routine operations and special activities for efficiency, effectiveness and compliance with policies and procedures.
Analyze existing work methods and management techniques employed to determine if they provide maximum efficiency and effectiveness and revise as necessary.
All other duties as assigned.