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Job Title: 

Vice President of Finance

Organization: 
Richmond Redevelopment and Housing Authority
Job Location: 
Richmond, VA
Salary Range: 
$71,700.00 - $118,300.00 annually
Full Job Description: 

Responsible for planning, developing and managing the agency’s administrative programs and services.  Senior level executive works closely with the Board, Chief Executive Officer, Executive Vice President, and Division Leaders.  The Vice President of Finance is responsible for maximizing Authority financial performance by directing and managing financial and administrative components of the agency.  The Vice President of Finance plans, directs, monitors and coordinates financial functions involving accounting, budget administration, treasury management, and financial reporting.  The Vice President of Finance provides professional leadership in economic, financial and investment planning. Assists the Chief Executive Officer in determining the Housing Authority’s strategic plan and short and long-term financial goals.  Oversees the acquisition, accountability and disposal of fixed assets. Prepares reports, grant applications and statistics as required by the United States Department of Housing and Urban Development (HUD).  This position reports to the Chief Executive Officer.  

 

DUTIES AND RESPONSIBILITIES (illustrative only):

Directs the management of administrative functions including; finance, budget, treasury, risk management,     and fleet management, and  .

Prepares and submits  , financial forecasting, formulating economic strategies, developing and administering funding through a variety of federal and non-federal grants.   

 

Ensures adequate funding to support the activities, programs and services in the agency’s strategic plan.  Provides funding sources to support  , affordable housing and public housing management.

Makes recommendations and advises the RRHA Board of Commissioners and the Chief Executive Officer regarding financial and other administrative matters.

Oversees fiscal and accounting operations including; accounts payable and receivables, grants management, account reconciliation and reporting, and cash management.

Oversees the preparation and distribution of financial statements and reports. Understands and monitors financial reporting for all funding sources.

Directs development and monitoring of complex agency budget. Develops resource allocation policies and coordinates budget plan with agency’s strategic plan.

Conducts financial analyses and directs the investment and management of agency funds. Monitors progress towards the attainment of fiscal objectives.

Analyzes cost effectiveness of program operations and recommends alternative sources of program funding.

Directs the regular review of agency systems and procedures to ensure appropriate levels of budgeting, accounting integrity and internal/external controls are maintained.

Develops and implements innovative plans for generating revenues and financing projects.   Uses private/public partnerships and other strategies. 

Identifies and establishes relationships with financial institutions.

Analyzes and interprets business proposals.  

Plans and conducts complex analytical studies and research projects to assist management with long-term planning and policy development.  

Anticipates customer needs and gives high priority to customer satisfaction and service. Develops working relationships with customers to identify needs, and establishes processes to resolve issues/problems.  

Develops and monitors division budget.  Analyzes capital and operating expenses and revenue projections.

Coaches, guides and develops employees, and evaluates performance and provides feedback. 

Develops and implements division policies and procedures, and ensures compliance with agency policies and procedures and federal, state and local regulations.

Analyzes industry best practices to ensure that the agency remains competitive in the market.

Establishes and maintains productive working relationships with local, state and federal government entities, and the business and financial communities.

Represents the agency at meetings with state, federal and local officials, and serves as a member of external and internal committees, commissions and task forces.

 

KNOWLEDGE, SKILLS AND ABILITIES:

 

Comprehensive knowledge of:

General management and financial management principles and practices including; program planning, budgeting, financial analysis, generally accepted accounting principles (GAAP), investments, debt management and collections, and government auditing standards.

Federal and State laws and regulations governing assigned areas. 

Budget strategies, project cash flows, pro-forma of financial statements, sources and uses of funds to maximize the potential returns to RRHA from its assets and from the use of sale of tax credits and revenue bonds to potential investors and other funding sources.   

Pro-forma analysis of development costs, cash flow, operating costs, including direct construction costs, etc. 

Approaches for obtaining tax-exempt financing, preparing bid documents for soliciting investors, lenders, underwriters and/or credit enhancers and assist with negotiations. 

Preparing applications for private and public funding from other government agencies. Negotiating fees, expenses and terms of investment and closing financial transactions. 

 

Management principles and practices.

Risk management and other assigned areas.

Working knowledge of auditing and compliance with established laws and regulations.

Working knowledge of internal cost allocation methodologies.

Proficiency in current office technology and software applications.

 

Ability to:

 

Locate, develop and analyze statistical data affecting cost, value and marketability of residential, commercial and income properties, and draw sound conclusions.

Deal effectively with members of other governmental entities. 

Plan, organize and direct the work of others. 

Prepare and complete clear and concise loan proposals. 

Develop and deliver clear, concise and effective presentations.

Prepare and interpret financial reports and statements.

Formulate operational policies, develop and implement programs, and analyze and interpret complex and technical information.

Manage vendors, contractors and consultants.

Analyze, interpret and make decisions about complex business plans.

Meet critical deadlines; manage multiple assignments and changing priorities.

Establish and maintain effective working relationships with agency staff, commissioners, government officials, vendors and the general public.

Communicate effectively, orally and in writing and to facilitate teamwork.

 

MINIMUM QUALIFICATIONS AND EXPERIENCE:  (The following requirements may be used to evaluate applicants for employment.  When applicable, equivalent substitution will be allowed for differences in experience and education.)

 

Education: Bachelor’s Degree in Accounting or Finance or closely related field.  Possession of CPA (certified public accountant) is required.  Must possess a valid Virginia Driver’s License.  

 

Experience: Extensive professional experience in financial management, budgeting, accounting, auditing, and planning and policy development including progressively responsible managerial experience.   Experience as a chief financial officer.   Experience with debt / equity structure creation, creation and maintenance of financial models on new and existing investments, cash flow projections, portfolio statistical analysis and monitoring, performance evaluations, performance of due diligence work for proposed acquisitions, analysis of property financials, variance reports and projections, and evaluation of acquisition feasibility, capital program implementation, and exit strategies. This experience included responsibility for budget planning and control and fiscal management.  Experience managing professional staff is required.

 

 

PREFERRED QUALIFICATIONS:  

 

Preferred qualifications include a MBA and a proven track record in fully completed developments;  CPA with five or more years of corporate or public sector experience at VP or equivalent level (or above);  five or more years of experience as a CFO and demonstrated success developing and implementing project financing including LIHTC, bond and mixed income.  Property development experience, and demonstrated knowledge and experience in pro-forma analysis of development costs, cash flow, operating costs, including direct construction costs.   

  

 

STRENGTH REQUIREMENTS

 

Sedentary Work: Exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects, including the human body.  Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time.  Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met. 

 

TYPES OF PHYSICAL DEMANDS

 

Reaching:   Extending hand(s) and arm(s) in any direction. 

Occasionally - Activity exists up to 1/3 of the time.

Handling:   Seizing, holding, grasping, turning, or otherwise working with hand or hands.  Fingers are involved only to the extent that they are an extension of the hand, such as to turn a switch or shift automobile gears. 

Occasionally - Activity exists up to 1/3 of the time.

Fingering:   Picking, pinching, or otherwise working primarily with fingers rather than with the whole hand or arm as in handling. 

Occasionally - Activity exists up to 1/3 of the time.

Talking:   Expressing or exchanging ideas by means of the spoken word to impart oral information to clients or to the public and to convey detailed spoken instruction to other workers accurately, loudly, or quickly. 

Frequently - Activity exists up to 1/3 to 2/3 of the time.

Hearing:   Perceiving the nature of sounds by ear. 

Frequently - Activity exists up to 1/3 to 2/3 of the time.

Near Acuity:  Clarity of vision at 20 inches or less. 

Frequently - Activity exists up to 1/3 to 2/3 of the time.

Accommodations:  Adjustment of lens of eye to bring an object into sharp focus.  This factor is important when doing near point work at varying distances from eye. 

Occasionally - Activity exists up to 1/3 of the time.

To Apply: 

Send resumes to jasmine.tyler@rrha.com.

Date Posted: 
Tuesday, May 10, 2022
Application Deadline: 
Wednesday, August 3, 2022
Posting Expiration Date: 
Saturday, July 9, 2022
Job Location Details: 
Richmond

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