Development Financial Manager

Description

SCOPE: The Finance Manager of Development serves a strategic and mission-critical role in advancing CMHA's construction and development initiatives. Guided by the agency's core values-Integrity, Accountability, Excellence, Accuracy, Timeliness, Creativity, Respect, and Professionalism. This position is responsible for ensuring the financial strength, transparency, and compliance of all development-phase entities. The role includes developing long-term, value-driven strategies, structuring complex investment and financing models with precision and innovation, and overseeing day-to-day financial operations to support CMHA's mission.

ESSENTIAL DUTIES AND RESPONSIBILITIES:The duties below reflect CMHA's commitment to excellence, accountability, and delivering value to the community and are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required.

• Respectfully and professionally lead financial planning and oversight for projects in the development and construction phases, many of which may overlap with operational phases.

• Accurately and timely coordinate with departments across CMHA, including Property Management, Procurement, Legal, Finance & Accounting, Real Estate Construction, Compliance, and Relocation-to align financial strategies with project goals.

• Collaborate with executive management to structure and negotiate funding terms with integrity and professionalism, ensuring mutually beneficial agreements with partners, lenders, and investors.

• Monitor and ensure compliance with lender requirements and partnership obligations, particularly those related to Reserve Accounts and capital expenditures, demonstrating accountability and financial accuracy.

• Analyze financial statements and reports to improve budgeting, forecasting, and long-term planning with initiative and attention to quality.

• Evaluate the public housing portfolio for optimization opportunities, including transition strategies to Section 8 funding platforms, using creative and data-driven approaches.

• Lead, coach, and support Development Analysts throughout the underwriting and loan closing process with a focus on excellence and professional development.

• Build and maintain professional relationships with external stakeholders, including auditors, attorneys, tax professionals, and lenders, demonstrating respect, value-driven communication, and professionalism.

• Take the initiative to perform other duties as assigned to meet evolving agency and project needs.

Requirements

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each competency satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

DESIRED QUALIFICATIONS:

• Deep understanding of HUD and IRS financial regulations (integrity, professionalism).

• Strong analytical skills to evaluate data and communicate complex financial transactions with clarity (accuracy, excellence).

• Proven negotiation skills with partners, investors, and lenders (respect, accountability, value).

• Ability to interpret and apply financial data to diverse development projects (creativity, initiative).

• Advanced Excel and financial modeling skills, and willingness to continually enhance technical expertise (quality, initiative).

• Experience with financial and legal document analysis and various accounting platforms such as Quick Books, Oracle, SAP, Yardi, and Emphasis Elite (professionalism, timeliness).

EDUCATION/EXPERIENCE/CERTIFICATIONS:

• Bachelor's degree in finance, Accounting, Economics, Business Administration, Real Estate, Urban Planning, or

related field required.

• Master's degree, CPA, or CFA strongly preferred (excellence, professionalism).

• Minimum of 5-7 years of senior-level experience in finance, banking, or accounting in accordance with GAAP and IRS standards.

• 3-5 years of HUD financial reporting experience is preferred.

• Experience in structuring real estate development projects with recognized certifications (e.g., National Development Council's RHDFP Certification)…