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MHP (Massachusetts Housing Partnership) · 2 days ago

Chief Financial and Operating Officer

Boston, MA

Full-time

Hybrid

Director/Executive

$230K/yr - $250K/yr

10+ years exp

MHP (Massachusetts Housing Partnership) is seeking a Chief Financial and Operating Officer (CFOO) to lead financial and operational strategies. The CFOO will oversee budgeting, financial management, and human resources, ensuring the organization meets its mission effectively and sustainably.

Financial ServicesNon ProfitReal Estate

Hiring Manager

Neeta Mehta

Responsibilities

Oversee short- and long-term budget planning, forecasting, and resource management in alignment with MHP’s mission and strategic plan; identify opportunities to increase net income, unrestricted net assets, and to secure program funding where appropriate and as opportunities arise

Regularly undertake business modeling, planning and stress testing; and align resources to meet agreed upon organizational objectives

Regularly assess organizational performance against the annual budget and financial forecasts and make recommendations on financial strategy, staffing, and business goals

Provide strategic and people-centered leadership by empowering and managing direct reports, aligning team goals with organizational priorities, delivering clear and data-driven feedback, and fostering professional growth and succession readiness

Regularly update the board on financial performance, operational effectiveness, and staff engagement. Generate reports and develop tools to provide critical financial, operational, and staff information to the ED, Steering Committee, and board

Responsible for the Finance, Audit and HR & Compensation Committees of the board

Monitor financial performance and make recommendations to ensure MHP’s financial health

Oversee MHP’s annual budget, endeavor to maximize income, manage costs, and secure funding where appropriate and as opportunities arise

Ensure that MHP maintains current and accurate financial records, has sound documented internal controls, continuously improves its financial systems, and meets its debt service and other financial obligations on a timely basis and in accordance with loan agreements and other contractual agreements

Ensure that timely and accurate financial reporting is provided to the board, Executive Director, Steering Committee, and senior managers

Facilitate the selection and engagement of auditing firms by the Audit and Risk Management Committee and ensure that annual audits are timely completed in accordance with Generally Accepted Auditing Standards

Recommend investment policies for board approval and manage MHP’s relationship with its external investment advisor. Oversee cash flow and investments to ensure appropriate cash balances are maintained and investment returns are maximized consistent with policy

Pursue continuous improvements in systems and practices that increase efficiency and improve the delivery of programs and services, including potential uses of artificial intelligence

Drive the effective use of IT across the organization by ensuring that employees at all levels are trained and supported in fully leveraging available tools and systems to enhance productivity, communication, and collaboration

Develop, implement and maintain a robust contract management system that supports contractual compliance, operational efficiency, and accurate invoicing. Ensure that all new contracts are aligned with MHP’s budget and internal policies

Ensure that MHP has adequate systems and procedures in place to maintain compliance with state and federal requirements, to properly manage organizational risk and to support effective program implementation

Strengthen decision-making processes to ensure MHP takes well informed, calculated risks in all areas of operations

Oversee the leasing and management of MHP’s office space including the relationship of current and potential future space to hybrid office policies. leases, broker relationships, and make recommendations to the ED on lease options

Manage MHP’s corporate insurance, with support from an outside insurance advisor, to ensure that coverage is cost-effective and adequately mitigates MHP’s risk

Align staffing and HR planning with current priorities, new program demands, budgets, and future operational needs

Ensure that HR policies are equitable and benefits are competitive to foster retention of top talent

In collaboration with HR Director, oversee annual variable compensation recommendations, merit increases, salary adjustments, and promotions to the Executive Director, HR & Compensation Committee, and Board

Advise and support Director of Engagement and Inclusion in conducting periodic belonging surveys and in designing and implementing strategies to enhance staff engagement and cultivate a sense of belonging

Qualification

Financial managementBudgetingStrategic leadershipHuman resources managementTechnology systems knowledgeInvestment managementContract managementEquityInclusionEmpathyMultitaskingCommunication skillsProblem-solvingTeam leadershipPresentation skillsAdaptability

Required

10+ years of enterprise-level experience managing finance and/or operations in a complex organization, with a preference for experience at a public or nonprofit organization

Extensive experience with financial management, budgeting, accounting and investment at a scale comparable to MHP

Experience reporting to a CEO and being part of a senior management team

Demonstrated and deep experience with direct management responsibility for staff across key functions, including finance, human resources, IT and operations with adjacency to some those functions in a senior management role considered

Strong working knowledge of technology and information systems with the ability to organize and prioritize work using knowledge of current and emerging office technology and business methods

Extensive cross-departmental organizational leadership providing support in problem solving, resource management, outcome accountability, and program efficiencies

Ability to work effectively with external constituents including public officials, financial institutions, customers and vendors

A history of success both as a hands-on, multitasking individual performer and as a leader and supervisor of professional staff

Effectiveness in delegating responsibilities and holding staff accountable while fostering a team atmosphere and promoting individual employees' development and advancement

A track record of professional integrity and strong motivation to be part of a mission-driven organization

Commitment to the principles of equity and inclusion in the workplace and in affordable housing

An inclusive and people-centered leadership style with the ability to attract, develop, inspire, and retain high-performing staff in a multidisciplinary team

Proven ability to manage complexity, solve problems, anticipate disruption, and make tough decisions when necessary

An inquisitive management style that is unafraid to challenge assumptions

Skilled written and verbal communication skills, including presentation skills

Expertise in Excel and familiarity with the Office 365 suite including Outlook, Teams, Word, etc

Bachelor's degree required, preference for a master's degree in a related field (e.g., finance, accounting, public administration, business administration) or equivalent knowledge, skills, and experience

Preferred

Knowledge of Sage Intacct, Workday Adaptive, and Paylocity is a plus

Company

MHP (Massachusetts Housing Partnership)

The Massachusetts Housing Partnership (MHP) is a public, non-profit organization that expands access to affordable housing and promotes housing equity in communities across the Commonwealth.

Founded in 1985

Boston, Massachusetts, USA

51-200 employees