Working Title: Chief Financial OfficerJob Class: Housing Finance Agency ExecutiveAgency: Housing Finance Agency
Job ID : 78469
Location : St. Paul
Telework Eligible : Yes
Full/Part Time : Full-Time
Regular/Temporary : Unlimited
Who May Apply : Open to all qualified job seekers
Date Posted : 07/13/2024
Closing Date : 08/05/2024
Hiring Agency/Seniority Unit : Housing Finance Agency / Housing Finance-Managerial
Division/Unit : Manager-Commissioner's Main
Work Shift/Work Hours : Day Shift
Days of Work : Monday - Friday
Travel Required : No
Salary Range: $59.93 - $85.80 / hourly; $125,133 - $179,150 / annually
Classified Status : Unclassified
Bargaining Unit/Union : 220 - Manager/Unrep
FLSA Status : Exempt - Executive
Designated in Connect 700 Program for Applicants with Disabilities (https://mn.gov/mmb/careers/diverse-workforce/people-with-disabilities/connect700/) : Yes
The work you'll do is more than just a job.At the State of Minnesota, employees play a critical role in developing policies, providing essential services, and working to improve the well-being and quality of life for all Minnesotans. The State of Minnesota is committed to equity and inclusion, and invests in employees by providing benefits, support resources, and training and development opportunities.Minnesota Housing is hiring! We’re the State of Minnesota’s affordable housing agency and we believe there should be joy in the work we do. For more than 50 years, we’ve worked to provide access to safe, decent, and affordable housing and to build stronger communities across the state. Our Vision - The Big, Audacious Goal – is that all Minnesotans live and thrive in a safe, stable home they can afford in a community of their choice. For more than 50 years, we’ve worked to provide access to safe, decent and affordable housing and to build stronger communities across the state. In 2023, we distributed $1.85 billion in resources and served 69,500 households.Minnesota Housing is a municipal bond issuer and independent financial entity with significant assets and a complex financial structure. We issue approximately $1B of bonds annually and have an annual operating budget of over $62M.This position is a key member of the Agency Servant Leadership Team and will provide strategic financial guidance and management to continue to secure the financial position of the agency while delivering quality affordable housing across Minnesota. The Chief Financial Officer is responsible for development and oversight of financial plans and policies, for collaborating with business leaders to develop and implement innovate financing structures, and for managing the organization’s credit and financial risk.This position is best suited for a proactive, team-oriented leader, with keen strategic and financial management skills. The ideal candidate will have a mix of experience with running financial operations in the nonprofit or public sector, with finance/accounting operations in the housing field, and a comprehensive understanding of the capital markets.Essential Job Duties
Strategically manage and monitor the balance sheet and income statement to provide sufficient earnings to pay for Agency operations and fund mission intensive housing.
Provide ongoing assessments of sufficiency and availability of Agency resources for funding all Agency programs and report on financial status and considerations or concerns to board of directors, Commissioner and Servant Leadership Team.
Support the growth of the Agency and its programs through capital markets strategies and sustainability analysis.
Advises Agency leadership on development of annual agency operating budget and Affordable Housing Plan.
Direct financial and accounting operations including budgeting, accounting, and revenue and fiscal analysis.
Lead work with external Finance team to plan and execute frequent issuances of public municipal debt.
Participate in investment and accounting activities of the Agency.
Serve as the Agency’s liaison to its independent auditor, including ensuring timely submission of annual audited financial statements.
Oversee annual single audit related to federal program compliance.
Develop agency policies and procedures related to fiscal issues and approval processes.
Monitor changes in financial regulatory environments and implement changes needed to maintain compliance.
Partner with program counterparts to set and monitor strategic revenue goals and forecasts and ensure fiscal compliance.
Develop and maintain systems and procedures for effective internal controls across the agency.
Serve as an authorized officer of the Minnesota Housing Finance Agency including execution of documents and instruments of this entity.
Actively engage in the professional development and performance management of four or more direct reports through effective goal setting and regular constructive feedback and coaching.
Foster and cultivate a high performing Finance and Accounting team, including 20+ indirect reports.
Minimum QualificationsTo be qualified for and considered for this position, applicants must meet all of the minimum qualifications listed below. Ensure that your resume contains descriptions of your work experiences sufficient for comparison against the requirements stated below and indicate the beginning and ending month and year for each job held.Only applicants whose resumes clearly demonstrate fulfillment of each of these minimum qualifications will be considered for this position.
Cultural competency as demonstrated by skills for communication and interaction across cultures and awareness of one’s own world view and that different world views exist.
Six (6) years of experience in financial management overseeing financial statements and shepherding financial resources to achieve organizational objectives over time.
Three (3) years of demonstrated leadership experience, including deploying personnel and resources in the department with respect to hiring, promoting, evaluating, training and retention of department staff
Ability to treat employees inclusively in the areas of reasonable accommodation, scheduling, expectations, individualized resource needs, training, and development, irrespective of cultural differences
Demonstrated ability to work effectively with and partner with others to achieve an organization’s mission.
Command of theories of credit risk analysis and good business management.
Familiarity with general accepted accounting principles.
Knowledge of municipal bond finance and debt issuance.
Skill in strategic planning, budgeting, and forecasting processes.
Excellent analytic, organizational, and interpersonal skills.
Ability to analyze data from advisors and public sources.
Preferred Qualifications
Masters of Business Administration
Certified Public Accountant and/or Chartered Financial Analyst
Experience managing the finance function(s) at a housing finance agency, a unit of government, or a non-profit
Physical RequirementsRequires moving office items such as file folders and small office tools. A certain amount of walking and standing is often necessary in carrying out job duties.Additional RequirementsThis position requires successful completion of the following:
Reference Check
Job related background checks
Conflict of Interest Disclosure
AN EQUAL OPPORTUNITY EMPLOYERMinnesota State Colleges and Universities is an Equal Opportunity employer/educator committed to the principles of diversity. We prohibit discrimination against qualified individuals based on their race, sex, color, creed, religion, age, national origin, disability, protected veteran status, marital status, status with regard to public assistance, sexual orientation, gender identity, gender expression, or membership in a local commission as defined by law. As an affirmative action employer, we actively seek and encourage applications from women, minorities, persons with disabilities, and individuals with protected veteran status.Reasonable accommodations will be made to all qualified applicants with disabilities. If you are an individual with a disability who needs assistance or cannot access the online job application system, please contact the job information line at 651-259-3637 or email careers@state.mn.us . Please indicate what assistance is needed.
Full-time