Chief Financial Officer
- Prepares financial budgets, reports, and spending forecasts for approval by the President and Chief Executive Officer and Board of Commissioners and analyzes income, expenditures, cash position and investments for LMH (and its affiliates and instrumentalities) to assure compliance with approved budgets, financial procedures and funding priorities. Establishes and maintains internal controls to appropriately safeguard the Agency's funds.
- Oversees the management and coordination of all fiscal reporting activities for the organization including organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organization and contract/grant budgets. Supervises the preparation and submission of the annual operating budget and other necessary financial reports, records, and information to the LMH President and CEO.
- Provides regular reports on the financial condition of LMH to the President and Chief Executive Officer, the LMH Board and LMH affiliates and instrumentalities; responds to Board inquiries on financial matters; and ensures reporting deadlines are met to HUD, State, and local governmental entities; recommends changes, modifications and updates to LMH financial policies and procedures as needed.
- Monitors and tracks banking activities and financial performance of LMH and its affiliates and instrumentalities by evaluating and examining results; initiating corrective actions; minimizing the impact of variances. Serves as point of contact for banking administration, HUD related financial matters and auditors.
- Monitors and tracks spending of grant funds to ensure compliance with grant terms and conditions and ensures effective internal controls are in place to meet GAAP and applicable governmental requirements for financial reporting.
- Manages the work of staff including assigning, planning, and reviewing work, evaluating work performance and completing performance evaluations, coordinating activities, maintaining standards, allocating personnel, selecting new employees, training, acting on employee problems, and recommending and implementing discipline.
- Develops and maintains financial policies and procedures for LMHA programs such as its low rent housing, Housing Choice Voucher, Homeownership, Family Self-Sufficiency, Shelter Plus Care Program, Market, Non-Federal, Real Estate, and other LMHA managed programs. Assists in the development of Agency policies and procedures implementing federal, state, and local directives and statutes and other Agency programs.
- Directs LMHA on compliance with state and federal procurement policies; monitors all contracts and small purchases for compliance; approves all purchases exceeding threshold amount; designs, implements, manages, and monitors procurement reporting systems to meet Agency and HUD requirements.
- Provides reports to Senior Managers when documentation is required for timely payment to vendors. Ensures payroll for employees is processed in a timely manner. Ensures W-2 and1099 reports are provided to employees, vendors and IRS as required.
- Performs monthly budget reviews and reports to Senior Managers and their designated staffers.
- Coordinates compliance and financial reviews and audits; serves as primary contact with auditors by providing required information, coordinating documentation needed from other staff, reviewing draft and final audited financial statements and reports, and transmitting reports to all authoritative agencies.
- Ensures HUD Performance Standards and reporting requirements are maintained or improved to high performance levels.
- Assists with the preparation, review, analysis, and transmittal of PHAS information throughout the year and at the end of the fiscal year.
- Meets all job safety requirements and all applicable OSHA/PERRP safety standards that pertain to essential functions and maintains licenses and certifications as required.
- Performs other duties as assigned
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