Head of Finance and Accounting

Description

Primary Purpose of Position:

The Director of Finance oversees the financial operations and fiscal health of MaineHousing, a $3.2 billion financial institution, ensuring financial practices align with the organization’s mission and strategic objectives. The Director leads accounting, budgeting, financial reporting, and loan servicing accounting activities while ensuring compliance with Generally Accepted Accounting Principles (GAAP) and regulatory requirements while supporting informed decision‑making by executive leadership and the Board of Commissioners.

Core Functions:

Supervise, Coach, and Develop Staff

Provide guidance to staff in the performance of their job responsibilities and resolving problem situations

Conduct regular coaching sessions with staff

Work with staff to develop department and individual goals

Determine and realize training needs of staff

Financial Management & Strategy

Oversee all accounting, financial reporting, cash management, forecasting, and general ledger functions, ensuring compliance with GAAP, regulatory requirements, and audit standards

Oversee and lead the annual operating and program budgeting and planning process in conjunction with executive leadership

Oversee the preparation and ensure the accurate presentation of the quarterly and annual GAAP financial statements. Analyze and present monthly financial information to executive leadership and Board of Commissioners

Ensure the completion of timely monthly financial close activities and preparation of financial reports for executive leadership, Board of Commissioners, Bond Trustee, and Program Directors to support informed decision‑making and effective program management

Manage relationships with banking institutions, loan servicers, external auditors, and other vendors

Oversee the financial servicing and loan funding operations for the single family and multifamily loan portfolios and direct all loan servicing related accounting and reporting functions

Compliance & Auditing

Coordinate the annual audit process and serve as the primary liaison with external auditors and the MaineHousing staff

Oversee timely and accurate preparation of all federal, state, and local tax filings (e.g., IRS Form 990)

Develop, implement, and maintain internal controls and financial policies

Serve as a member of the Loan Committee and Workout Committee

Analyze loan underwriting, program compliance, and credit risks for multifamily developments seeking loans, tax credit allocations, and/or subsidy financing packages

Advise on workouts of troubled assets

Serve on MaineHousing’s Leadership Team with the 12 other department directors

Responsible for the Finance department’s annual operating budget, including financial goals and allocation of program resources

Other duties as assigned

Requirements

Education and Experience

Bachelor’s degree in accounting, finance, or business administration; or a combination of ten years of experience, training, and education in a leadership role, and four years of supervisory experience is preferred.

Certifications

Certified Public Accountant (CPA) license strongly preferred.

Skills and Knowledge

Excellent mathematical and analysis skills

Ability to lead departments and individuals

Strong written and oral communication skills, including ability to create user friendly reports and present them to others

Knowledge of financial accounting and general ledger software

Strong creative skills to develop new and innovative solutions

Experience creating usable budgets at different levels of detail and maintaining shared cost allocations

Strong organizational and project management skills and ability to work both independently and in a team

Experience with payroll processing and Paylocity payroll system a plus

Proficiency with Microsoft Office suite, with intermediate to advanced Excel skills

Demonstrated ability to effectively manage people and ability to create and work in a team environment.

Working Conditions

Fast paced environment with multiple priorities, interruptions & deadlines. MaineHousing office hours are Monday – Friday from 8:00am to 5:00pm.

Reports To

Senior Director of Finance & Lending

Supervisors

Business Accounting Manager, Governmental Accounting Manager, and Loan Administration Manager

The salary range for this position is $120,000 - $185,759. All new employees will start at the annual salary of $120,000, unless otherwise agreed to by MaineHousing. MaineHousing also offers a comprehensive benefits package, including, but not limited to, health, dental and vision, retirement options with employer match, life insurance, short and long-term disability, employee assistance, generous earned time and all major federal holidays. Employment is eligible for the Public Service Loan Forgiveness Program.

Position will remain open until a suitable candidate is found

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