Chief Financial and Operating Officer

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This range is provided by MHP (Massachusetts Housing Partnership). Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

$/yr - $/yr

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

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.
• 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.

Operations and Technology

• 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…