Deputy Chief Financial Officer

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A bit about us:

Building vibrant communities through property management, assisted affordable housing, real estate development and related real estate, housing, and resident services

Why join us?

  • generous Benefits package
  • Competitive compensation

Job Details

he Deputy Chief Financial Officer collaborates with the Senior Vice President and Chief Financial Officer in providing professional leadership in economic, financial and investment planning. Will assist the Senior Vice President and Chief Financial 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 Senior Vice President and Chief Financial Officer.

Essential Duties And Responsibilities

The position duties and responsibilities listed below describe the general nature and scope of work. Other responsibilities, duties, and skills may be required and assigned, as needed.

Assist with directing the management of administrative functions including finance, budget, treasury, risk management.
Prepares and submits, financial forecasting, formulating economic strategies, developing, and administering funding through a variety of federal and non-federal grants.
Assist with ensuring 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 Senior Vice President and Chief Financial 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.
Assist with directing the development and monitoring of complex agency budget. Assist with the development of resource allocation policies and coordinates budget plan with agency’s strategic plan.
Conducts financial analyses and assists with 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.
Assists with directing the regular review of agency systems and procedures to ensure appropriate levels of budgeting, accounting integrity and internal/external controls are maintained.
Assist with the development and implementations of 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.
Assist with the development and monitoring of division budget. Analyzes capital and operating expenses and revenue projections.
Coaches, guides, and develops employees, and evaluates performance and provides feedback.
Assist with the development and implementations of 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.

Behavioral Competencies

This position requires the incumbent to exhibit the following behavioral skills:

Effective Communication

Responds to client inquiries about complex technical issues in a way that maximizes understanding.

Customer Service

Ensures the planned solution aligns with the client’s requirements.
Maintains effective client relationships, even during difficult times.


Encourages team members to continually look for opportunities to improve programs and services.
Guides team members in analyzing and evaluating the application of new methods, processes, procedures, tools, and/or techniques.

Job Knowledge

Coaches and motivates others to continuously expand their knowledge and learning.
Eager to develop self broadly, including skills needed for client and team leadership.

Responsiveness and Accountability

Has the courage to make and implement negative decisions.


Resolves issues across departments by seeking win-win solutions.

Problem Solving and Analysis

Anticipates organizational problems and strategies to counteract potential impact.
Coaches’ others on the analytical techniques and problem-solving methods.

Program and Project Management

Identifies and manages risks to the project by assessing potential risks and building contingencies into project plan.
Uses input from strategic analysis and other resources to develop departmental projects and/or program changes.
Sets the tone for the department in terms of direction, motivation, and inspiration to achieve highest project results.

Strategic Capability and Leadership

Sought out for expertise in functional area as well as overall business acumen.
Empowers others to deal with complex and ambiguous situations.
Achieves agreement or consensus in an adversarial environment.
Job Competencies

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 Education and/or 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 and or advanced degree is a plus. 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 an MBA or equivalent 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 Deputy CFO or 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.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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Job Details
Managed by Jobot Pro
Richmond, VA
Job Type
$120,000 - $160,000