Director of Finance

Maine State Housing Authority•Augusta, ME

31d•Onsite

About The Position

The Director of Finance oversees the financial operations and fiscal health of MaineHousing, a $3.2 billion financial institution, ensuring financial practices align with the organization’s mission and strategic objectives. The Director leads accounting, budgeting, financial reporting, and loan servicing accounting activities while ensuring compliance with Generally Accepted Accounting Principles (GAAP) and regulatory requirements while supporting informed decision-making by executive leadership and the Board of Commissioners.

Requirements

Bachelor’s degree in accounting, finance, or business administration; or a combination of ten years of experience, training, and education in a leadership role, and four years of supervisory experience is preferred.
Excellent mathematical and analysis skills
Ability to lead departments and individuals
Strong written and oral communication skills, including ability to create user friendly reports and present them to others
Knowledge of financial accounting and general ledger software
Strong creative skills to develop new and innovative solutions
Experience creating usable budgets at different levels of detail and maintaining shared cost allocations
Strong organizational and project management skills and ability to work both independently and in a team
Proficiency with Microsoft Office suite, with intermediate to advanced Excel skills
Demonstrated ability to effectively manage people and ability to create and work in a team environment.

Nice To Haves

Certified Public Accountant (CPA) license strongly preferred.
Experience with payroll processing and Paylocity payroll system a plus

Responsibilities

Provide guidance to staff in the performance of their job responsibilities and resolving problem situations
Conduct regular coaching sessions with staff
Work with staff to develop department and individual goals
Determine and realize training needs of staff
Oversee all accounting, financial reporting, cash management, forecasting, and general ledger functions, ensuring compliance with GAAP, regulatory requirements, and audit standards
Oversee and lead the annual operating and program budgeting and planning process in conjunction with executive leadership
Oversee the preparation and ensure the accurate presentation of the quarterly and annual GAAP financial statements. Analyze and present monthly financial information to executive leadership and Board of Commissioners
Ensure the completion of timely monthly financial close activities and preparation of financial reports for executive leadership, Board of Commissioners, Bond Trustee, and Program Directors to support informed decision-making and effective program management
Manage relationships with banking institutions, loan servicers, external auditors, and other vendors
Oversee the financial servicing and loan funding operations for the single family and multifamily loan portfolios and direct all loan servicing related accounting and reporting functions
Coordinate the annual audit process and serve as the primary liaison with external auditors and the MaineHousing staff
Oversee timely and accurate preparation of all federal, state, and local tax filings (e.g., IRS Form 990)
Develop, implement, and maintain internal controls and financial policies
Analyze loan underwriting, program compliance, and credit risks for multifamily developments seeking loans, tax credit allocations, and/or subsidy financing packages
Advise on workouts of troubled assets
Serve on MaineHousing’s Leadership Team with the 12 other department directors
Responsible for the Finance department’s annual operating budget, including financial goals and allocation of program resources
Other duties as assigned