Chief Financial Officer
Company: St. Ambrose Housing Aid Center, Inc.
Location: Baltimore
Posted on: April 24, 2024
Job Description:
The highly regarded St. Ambrose Housing Aid Center is seeking an
experienced financial management executive to join the senior
management team as Chief Financial Officer and help to continue to
build its record of exceptional service to lower income residents
of Baltimore. St. Ambrose is Baltimore's oldest nonprofit housing
provider and has served more than 130,000 residents over its now
more than 55-year history. The organization is seeking a dedicated,
committed finance professional with over 10 years of executive
experience and CPA credentials.The Organization:St. Ambrose Housing
Aid Center was founded in 1968 by a Jesuit seminarian who set out
to help families buy their first home and to preserve homeownership
in Baltimore's neighborhoods. Its mission is to create, preserve
and maintain equal housing opportunities with low and moderate
income people, primarily in Baltimore City, and to encourage and
support strong and diverse neighborhoods. Over the years, it has
developed five distinct but related housing programs that reach
over 3,000 low to moderate income individuals and families a year.
Through that work it has gained a very positive reputation both
within the communities it serves, and with its funders, as an
organization that can be trusted to follow through on its
commitments.Programs & Services:St. Ambrose offers an innovative
and evolving set of services and programs from its offices on the
north side of Baltimore but serves individuals and families from
throughout the metropolitan area. These services range from
traditional nonprofit services like rental services, housing
development and homeownership counseling to legal services
including foreclosure prevention and its innovative homesharing
program.
- Property Management - St. Ambrose owns or manages 309 rental
units throughout Baltimore City and County, scattered among 7
apartment buildings and 129 single family homes. These units
include those serving both low-moderate income families and
individuals. One of the buildings is a senior housing building in
Towson. Much of St. Ambrose's rental housing is "service enriched",
partnering with social service agencies to assist tenants with
special needs.
- Housing Development - Since its inception in 1968, St. Ambrose
has worked to preserve neighborhoods throughout Baltimore through
the renovation of vacant, dilapidated or foreclosed homes. Through
its Asset Control Area program, it buys HUD foreclosed houses in
targeted neighborhoods and renovates them to top market standards.
Most of these homes are then sold to homeowners, many of whom are
police officers and teachers.
- Homeownership Counseling - St. Ambrose provides both one-on-one
homeownership counseling and monthly workshops for first-time
homebuyers. Workshops cover such issues as budgeting, credit,
selecting a loan and the home purchase process, while counseling
sessions address more personal issues such as loan qualifications,
credit repair, loan fees and funds needed to complete a home
purchase. These services are free to the prospective homeowner.
This counseling also extends to families who have fallen behind on
their mortgage payments. Services include budget counseling,
assistance negotiating a repayment plan with the mortgage company,
and assistance completing applications for government programs for
certain loans.
- Legal Services - St. Ambrose provides legal counsel and direct
legal representation to lower income clients in the Baltimore area
regarding a range of practice areas. These include foreclosure
defense, landlord-tenant disputes, tax sales, title issues, reverse
mortgage default, access to public benefits, contract disputes and
wills and estate planning.
- Homesharing -a unique program that matches people who are
looking for an affordable and compatible housing arrangement with
people who have extra rooms in their homes. Applicants are
carefully screened and references checked, and homes are visited
for suitability. St. Ambrose has developed an unusually high level
of trust with community residents who have come to understand it is
an organization that keeps it commitments and gets things done.St.
Ambrose's 2022 expenditures were just under $10 million. It is
governed by a 10 member board of directors, and most of its work is
carried out by a staff of 36. The Position and Leadership
Opportunity:Reporting to the Executive Director and serving as an
integral member of the Senior Leadership Team, the Chief Financial
Officer (CFO) has primary responsibility for planning,
implementing, managing and controlling all financial-related
activities of St. Ambrose, including the development of financial
and operational strategies. The CFO leads all finance operations of
a budget of approximately $10 million including direct
responsibility for accounting, finance, forecasting, strategic
planning, job costing, real estate deal analysis and negotiations
and investor relations. The CFO ensures that the Organization has
the systems and procedures in place to support effective program
implementation and conduct flawless audits. The CFO makes regular
presentations to the Board of Directors and serves as primary staff
to the Board Finance and Audit Committee. Key Job
Functions:Leadership:
- With the Executive Director, develop annual and long-range
financial plans and budgets to support and advance the
Organization's strategic goals;
- Provide support and advice to the Executive Director, Real
Estate Development Director and Director of Property Management on
the management of the Organization's real estate assets;
- Ensure the Organization's financial interests are protected
through compliance with GAAP, contract review, negotiation, cost
monitoring, and compliance;
- Advise and support the department directors with budgets, grant
oversight and financial reporting;
- Serve as liaison to the Board Audit and Finance Committee;
- Ensure maintenance of effective internal controls to safeguard
assets and assure reliability of financial statements. Specific
Responsibilities:
- Identify and implement changes as needed to strengthen the
Organization's policies, business processes and systems for
effective financial management;
- Lead and manage all department staff (currently 2);
- Prepare annual operating budget of the Organization including
cash flow projections and reporting;
- Maintain internal and financial integrity of the financial and
accounting system by applying approved internal control
procedures;
- Communicate and coordinate accounting matters with
non-accounting staff to ensure accuracy and completeness of
financial statements;
- Provide financial data and analytical reports in ways that
enable Board members and non-finance managers to interpret and
understand the Organization's financial position, risks and future
projections for growth;
- Ensure accuracy and clarity of all financial statements and
narrative reports;
- Manage daily responsibilities of the Organization including all
accounting functions, finance, treasury, payroll, accounts
receivable and payable, maintenance of general ledger and
budgeting;
- Liaise with investment advisors regarding investment portfolio,
oversee investments policies and serve as a custodian for
investments;
- Serve as key liaison to independent audit firm, banks,
insurance managers, government agencies, funders, vendors and other
professional in areas regarding finance, audit and compliance;
- Coordinate with external auditor's preparation of audit
financial statements; coordinate preparation of tax forms including
IRS Form 990, review and file legal documents and charitable state
registration forms as required;
- Prepare for and manage annual audit process with external CPA
firm, and communicate with external CPA firm throughout the
calendar year to promote timely audit performance;
- Maintain good working relationships with vendors, banks,
insurance brokers, investment brokers and outside
auditor.Qualifications:
- Certified Public Accountant certificate required;
- Should have at least 10 years of experience, preferably in a
non-profit entity in an executive management position, with
demonstrated, measurable success in financial management of a
multi-faceted financial program with multiple sources of finance
including complex grant resources;
- Must be detail oriented, maintain integrity, and have ability
to manage multiple tasks effectively;
- Technology savvy; advanced knowledge of accounting and
reporting software;
- Ability to monitor multiple financial operations related to the
Organization, develop strategic plans, problem solve, represent the
Organization in presentations and negotiations involving government
and private sector partners;
- Strong interpersonal and communication skills; experience in
effectively communicating key data, including presentations to
senior management, Board or other outside
partners.Compensation:Salary commensurate with experience. This is
a full-time position with a generous benefits package.
Keywords: St. Ambrose Housing Aid Center, Inc., Baltimore , Chief Financial Officer, Accounting, Auditing , Baltimore, Maryland
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