Position Summary
This position serves as the Chief Financial Officer for the Portland Housing Authority in Portland, Maine, a $55+ million organization with a complex portfolio of public, nonprofit, and for-profit entities and over $33 million in net public assets. The Director provides executive-level financial leadership, ensuring fiscal integrity, regulatory compliance, and long-term sustainability across a diverse and evolving portfolio.
As a key member of the leadership team, this role supports strategic expansion, oversees financial operations, and advises the Executive Director and Board on financial performance, risks, and opportunities.
CORE RESPONSIBILITIES
Executive Financial Leadership
- Serve as CFO, providing strategic financial oversight across all entities
- Advise Executive Director and Board on financial condition, risks, and long-term strategy
- Prepare and present clear financial reports and dashboards
Financial Management & Internal Controls
- Oversee accounting operations in compliance with GAAP, HUD, and applicable regulations
- Maintain and strengthen internal controls and financial policies
- Ensure accurate financial reporting and proper use of restricted funds
Strategic Expansion & Development
- Lead financial strategy for nonprofit and subsidiary growth
- Evaluate and support new business and development opportunities
- Provide financial modeling for feasibility and investment decisions
Budgeting & Financial Planning
- Lead annual budget development and monitor performance
- Identify trends, variances, and risks; implement corrective actions
- Support long-term financial planning and sustainability
HUD, Grants & Subsidy Management
- Oversee HUD funding requisitions (eLOCCS) and compliance reporting
- Manage financial performance of HCV, Mainstream, and special programs
- Ensure accurate reporting across all federal, state, and local funding sources
LIHTC & Investor Relations
- Oversee LIHTC compliance, cost certifications, and long-term monitoring
- Serve as primary financial liaison to lenders and equity investors
- Ensure accurate investor reporting and partnership oversight
- Timely processing, close-out and reporting of property operating budgets and support for Asset Management and Property Management in the preparation of annual budgets
Audit, Compliance & Risk
- Lead all audits, financial reporting, and regulatory compliance activities
- Serve as liaison with auditors and oversight agencies
- Address audit findings and mitigate financial risks
Treasury & Asset Oversight
- Oversee cash management, banking relationships, and liquidity
- Monitor reserves and financial performance across properties and entities
Department Leadership
- Supervise Finance staff and establish clear roles and expectations
- Build team capacity and ensure strong internal coordination
- Foster a culture of accountability, accuracy, and service
QUALIFICATIONS
Experience
- 10+ years of progressive financial leadership experience
- Experience in public sector, housing, or regulated environments preferred
- Background in multi-entity financial structures and audits
Skills & Competencies
- Strong knowledge of GAAP, HUD financial systems, and compliance
- Experience with LIHTC and investor/lender relations
- Advanced financial modeling and analytical skills
- Ability to communicate complex financial information clearly
Education
- Bachelor’s degree in Accounting, Finance, or related field required
- CPA, MBA, or similar credential preferred
DESIRABLE EXPERIENCE
- HUD modernization programs (RAD, Section 18)
- Social enterprise or mixed-income housing models
- Grant and capital funding administration
