Chief Financial and Operating Officer

# Chief Financial and Operating Officer Massachusetts Housing Partnership###

Job Description
** MHP is seeking a seasoned leader to manage finance, operations, human resources and information technology in support of its mission to expand access to affordable housing and promote housing equity in communities across the Commonwealth.
** MHP is a nationally unique public, nonprofit organization with 70+ employees that was established by state legislation in 1990 and whose board is appointed by the governor. MHP finances affordable rental housing, provides mortgage financing for first-time home buyers through banks and credit unions, provides technical assistance for housing and neighborhood development, and is a major contributor to state housing policy.

MHP has delivered financing or technical assistance in nearly every city and town in Massachusetts, including financing for more than 33,500 affordable rental housing units and more than 25,700 affordable homes for low-income first-time buyers. MHP has $1.2 billion in assets currently under management and has delivered $6.5 billion in below-market financing either directly or through participating banks.
** The Role
***
* Location:

** Boston, Massachusetts (Hybrid)
*
* Reports to:

** Executive Director
** Direct Reports:
** Director of Finance, Human Resources Director, Director of Engagement & Inclusion, Director of IT, Chief Accountant & Treasury Manager, and F&A Executive Assistant
** Position Overview & Opportunity:
** The Chief Financial and Operating Officer (CFOO) will succeed a long-tenured, well-respected leader and will inherit an exceptional team of committed and experienced staff. The CFOO will join MHP’s five-member Steering Committee (senior management team) and will ensure that MHP has the infrastructure and systems in place to achieve its mission effectively, be financially and operational sustainable, and mitigate risk.
** Key Responsibilities**:
*** Leadership and Strategy
**** 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.
*** Financial Management
**** 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…