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POSITION ANNOUNCEMENT: Chief Financial Officer, CASA
LOCATED IN: Raleigh, North Carolina
For the last 27 years, CASA has provided affordable housing in the Triangle for those at risk of homelessness. Grounded in the belief that the solution to homelessness is housing, CASA owns and manages more than fifty multi-family properties that provide a place to live for veterans, individuals with disabilities, and those in the workforce who struggle to afford housing. CASA tenants pay approximately 30% of their income in rent, giving them an opportunity to live successfully. Since the acquisition of its first property in Raleigh in 1993, CASA has grown to more than 500 units in Wake, Durham, and Orange counties, with further growth in the Triangle anticipated.
CASA is a 501(c)(3) nonprofit organization governed by a 13-person Board of Directors, with a 30-member staff and an operating budget of $5 million. CASA is funded through rental income, philanthropic gifts, and local, state, and federal government. CASA’s main administrative and property management office is located in Raleigh, with a second property management location in Durham.
CASA is a high-functioning, forward-thinking organization that has invested in building a strong staff dedicated to its mission. CASA operates under the following set of core values:
- We suspend personal judgements to allow space for connection and understanding.
- We aspire to understand others and act with positive intent.
- We assist others with kindness to improve the circumstances of the people we serve.
- We treat people with dignity and honor their individual preferences.
- We hold tenants and stakeholders in high regard and see everyone as equals.
- We value differences and believe we are all of equal importance and value.
- Our interactions will be attentive and courteous.
- We strive to treat others the way they want to be treated.
- The work we do is for the benefit of those in need and the entire community.
- We design systems and policies that prioritize the needs of the people we serve.
- We work together, in relationship with one another and our partners, to effectively live out our mission.
- Our performance will exemplify our best efforts, and we hold each other to the highest standards.
- We make personal commitments to quality, innovation, and continuous improvement.
- We question the status quo to find new and positive outcomes to challenges.
- We embrace change in the pursuit of living out our mission.
- We commit to ongoing learning and growth.
- We hold ourselves and each other accountable to uphold our values.
To learn more, visit CASA’s website: www.casanc.org
THE LEADERSHIP OPPORTUNITY
CASA’s long-time Chief Financial Officer (CFO) has announced her plan to retire and the organization is seeking a strong leader to fill this vital role. The CFO reports to the Chief Executive Officer and collaborates with internal and external stakeholder to achieve CASA’s organizational objectives. The CFO is responsible for planning, implementing, and managing the financial activities of CASA and four related entities. The CFO will establish policies, procedures, and internal controls to ensure the accuracy of financial statements and financial reporting and provide financial forecasting and strategies to meet CASA’s strategic and growth goals.
The successful candidate will be a self-starting strategic thinker who is excited by CASA’s mission. The CFO will be called upon to fulfill the following key responsibilities:
- Manage and report on the financial condition of CASA to the CEO and board, and provide timely updates to operations, resource development, and real estate development teams.
- Coordinate with all teams to prepare agency, program, and grant budgets and monitor operating results and cash flow.
- Forecast future budgets in alignment with the agency’s strategic plan.
- Establish and monitor financial investment policy. Manage allocation of resources between operations and capital needs, balancing liquidity and performance.
- Oversee annual audits and preparation and filing of Forms 990 and all other tax reporting requirements.
- Offer recommendations for areas of fiscal growth and reduction of expenses.
Real Estate Development and Property Management
- Evaluate real estate development and acquisition opportunities, utilizing a variety of financing and deal restructuring strategies.
- Work collaboratively with real estate staff to review potential acquisitions, debt, equity, and partnership/operating agreements. Review key legal agreements including mortgages and loan documents, as part of loan closings that include LIHTC, bond financing, public subsidies and contracts, and or public/private debt.
- Coordinate with the property management and real estate development teams to establish and monitor strategic development and asset management goals for CASA’s portfolio.
- Ensure effective internal controls and cyber security to safeguard assets using intelligent technologies.
- Establish and maintain controls to safeguard assets. Document and recommend improvements to internal financial policies and procedures.
- Evaluate and negotiate insurance contracts to provide adequate coverage and mitigate risk of loss.
- Coordinate with the Chief Operations Officer to implement and integrate efficient technology, property management, and accounting systems.
- Review all legal documents including contracts, sales and acquisition documents, grants, and developer agreements.
- Support the resource development team with fundraising initiatives, including social impact investing products, budgets, and financial data for grant requests and reporting.
- Attend CASA fundraising events, as needed, to engage, cultivate, and steward prospects and donors.
Staff Supervision and Development
- Currently directly supervise 2 staff members (Sr. Director of Real Estate Development, Staff Accountant), providing oversight to ensure compliance, workflow, cash requirements, and regulatory and grant deadlines are met.
- Develop and oversee individual and team goals, workplans, and benchmarks for success in support of strategic plan priorities and goals.
- Coach staff, instilling a collaborative leadership culture throughout the organization.
- Promote cross-department collaboration and team building.
Board and Stakeholder Relations
- Interface and build trusting relationships with both internal and external stakeholders. Collaborate with the board of directors, board committees, and other CASA departments to further agency strategies.
- Act as the primary liaison to all outside auditors and financing partners. Establish and maintain banking relationships to support business operations and commercial lending.
- Attend board and board committee meetings, as appropriate, reporting on financial activities and issues.
SKILLS, QUALIFICATIONS, AND ATTRIBUTES OF THE CHIEF OPERATIONS OFFICER
The Chief Financial Officer must demonstrate a firm commitment to and passion for CASA’s mission and vision. The ideal candidate will possess sufficient experience and training to execute the responsibilities of the position. He or she should also demonstrate the following qualifications, skills, and attributes:
- A bachelor’s degree or higher from an accredited college/university with a preference for finance-focused MBA or CPA designation.
- Four to six years of related experience.
- Five years or more years of progressively responsible management positions that included fiscal oversight and supervisory experience with direct responsibility for hiring, training, goal setting, performance assessment, and other staff management functions.
- Strong working knowledge of real estate development, especially affordable multi-family housing development, government funding sources (HUD, LIHTC), compliance, and grant management.
- Considerable knowledge of policies, procedures, principles, controls, methods, and techniques of financial management. Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, and government regulations.
- High degree of professionalism and ability to effectively represent CASA in the community.
- An entrepreneurial mindset with the ability to think strategically while implementing tactically.
- The ability to multi-task, prioritize, organize, plan, and manage projects and schedules to meet deadlines and achieve desired outcomes.
- Strong leadership and management skills that can be applied to create and maintain positive relationships with internal and external stakeholders and positively influence CASA’s culture.
- The ability to work within a team and to lead, coach, inspire, support, and motivate a group of diverse individuals.
- Ability to express ideas clearly and concisely, orally and in writing, and to speak effectively before large groups and respond to questions from internal and external stakeholders.
- The ability to make sound business decisions in line with CASA’s mission and strategic plan.
- Experience working with an organization in growth mode.
- Mastery of Microsoft Office, especially Excel and Word.
- Technology savvy with experience using QuickBooks, Podio, Property Boss, Bloomerang, Paychex payroll/human resources software, or comparable software tools. Ability to navigate multiple third-party online portals for submission of agency financial data.
- Ability to optimize efficiencies while enhancing management decision-making through analytics and talent development.
- Knowledge and understanding of the affordable housing landscape preferred.
- Exposure to or experience working with a mission-driven non-profit preferred.
- Legal experience is a plus.
- Valid driver’s license.
Armstrong McGuire & Associates, based in Raleigh, NC, is conducting this search in partnership with CASA’s senior leadership team. To apply, click on the link to the Chief Financial Officer position profile at ArmstrongMcGuire.com/apply. You will see instructions for uploading your cover letter, resume, salary requirements, and professional references. Please provide all requested information to be considered. In case of any technical problems, contact email@example.com. No phone calls, please, and no applications will be accepted by email.
Review of candidates will begin in October 2019 and continue until the position is filled. Salary is commensurate with candidate experience and size of CASA’s operating budget. Benefits include health, dental, and life insurance, short-term disability, a flexible spending plan, SIMPLE IRA retirement plan, 12 paid holidays, and accrued vacation and sick time.
CASA is an Equal Opportunity Employer.