Chief Financial Officer (CFO) and Vice President

As the leading advocate for the real estate finance industry, MBA is committed to providing our members with unmatched value and unparalleled benefits. In doing so, we recognize that our most valuable resource is our employees. MBA prides itself on sourcing top talent from all fields and is committed to investing in a culture where communication is essential, diverse voices are encouraged, and embrace inclusion for all.

• Competitive salary and benefit packages including Medical, Dental, and Vision.
• Hybrid work schedule that supports work-life balance
• Professional development opportunities

If you are looking for a career-defining opportunity, share similar values, and are ready to make a difference in the real estate finance industry, look no further. Apply today!

Position Summary

Under general oversight of the CAO, the CFO is responsible for strategic direction and hands-on management of all accounting and financial operations and personnel of the MBA and its five subsidiaries. The incumbent leads the finance and accounting team and is responsible for all financial operations, policies and controls for MBA and subsidiaries. The incumbent directs the finance team to generate timely, reliable, complete, and accurate financial information, in conformity with GAAP, legal, regulatory, tax and MBA policies, for all internal and external stakeholders. The incumbent provides hands-on direction and support to the Finance team in the execution of daily budget and accounting processes, and is responsible for developing, maintaining, and enforcing all finance-related policies and controls for the MBA and its subsidiaries.

Duties and Responsibilities

Financial Strategy, Planning & Reporting

• Direct, optimize, and support the operations of the Finance & Accounting Department, which includes processes and staff for budgeting, forecasting, general ledger accounting, receivables, payables, cash flow and investment management and financial reporting for MBA and its affiliated entities.
• Develop and lead the execution of the annual budget process for MBA and affiliated entities and serve as the liaison to business units during budget development. Offer critical review and analysis of proposed operating budgets to identify opportunities for greater budget efficiency.

Governance, Risk Management, Compliance & Internal Controls

• Establish and maintain the appropriate operational structure and staffing to provide complete, accurate and timely financial information to the CEO and SMT, as well as the MBA Board of Directors and its Officers, as well as all affiliated entities.

Investments & Banking

• Manage relationships with outside financial institutions and investment advisors. Coordinate with outside investment advisors, the CAO, and the MBA Investment Committee to develop appropriate Investment Guidelines for MBA's Operating Reserve Fund and RIHA Trust investment funds. Ensure that the service providers deliver appropriate custodial, reporting, pricing, and performance monitoring services and that the investment of funds is in accordance with established guidelines. Oversee treasury and investment operations, ensuring policies and practices are in place to maximize cash flow, investment performance, and interest earnings on short-term cash.
• Coordinate with the CAO and MBA's Investment Committee to ensure that MBA's investment fiduciary responsibilities are achieved with respect to MBA's Investment Policy Statement. With the CAO and the Investment Committee, set the agenda and prepare materials for quarterly committee meetings and ensure the accurate and timely capture of Committee meeting minutes.

Audit, Oversight & External Relationships

• Manage the relationship with MBA's external auditors in the execution of the annual external audit and any special audits, as requested by MBA's Audit & Finance Committee.
• Ensure compliance with all government certifications, reporting, and audit requirements, including preparing for and managing audits by government agencies or their designees.

Procurement

• Manage corporate procurement and travel to ensure cost efficient sourcing, negotiation, and acquisition of goods and services in alignment with organizational goals and budgetary constraints.
• Continuously review and update procurement policies and procedures to ensure efficient, cost-effective sourcing, negotiation, and acquisition of goods and services.

Leadership, Management & Staff Development

• Lead, engage and manage accounting, finance, and procurement personnel to obtain optimal performance, including the setting of goals and measures of success, and the delivery of informal and formal feedback.

Affiliated Entity Responsibilities

• Serve as the Treasurer for the Opens Doors Foundation (ODF), MBA's affiliated charitable foundation.
• Serve as the Treasurer for the Mortgage Industry's Standards Maintenance Organization (MISMO), MBA's affiliated entity for developing and maintaining industry data standards.
• Serve as a Trustee for the Research Institute for Housing America (RIHA), MBA's trust fund to encourage and aid research aimed at increasing knowledge of mortgage markets and real estate finance.

Qualifications:

• A bachelor's degree in business administration, with a specialization in Accounting or Finance, is required. Master's degree in accounting, business, or a related field preferred. A Certified Public Accountant (CPA) designation is required.
• A minimum of 12 years of increasing association or non-profit accounting and management experience in a diversified, mid-size organization with the ability to handle multiple, competing priorities in a fast-paced environment.
• Exceptional oral and written communication skills, with the ability to articulate complex financial concepts to both expert and non-expert audiences. Strong analytical and consultative skills are required.
• Thorough knowledge of GAAP, with emphasis on the non-profit sector. Understanding of related auditing and IT functions. Implementation of and proficiency with automated financial systems is required.
• Demonstrated familiarity with investment portfolio management, including experience overseeing organizational investments and managing relationships with external investment advisors to ensure alignment with financial strategy and risk tolerance, is required.
• Experience working with and presenting to senior executives, including Boards of Directors and Board-level committees on financial and investment strategy, performance, and risk management is desired.
• Experience working with and presenting to senior executives, including Boards of Directors and Board-level committees on financial and investment strategy, performance, and risk management is desired.
• Experience with financial regulations governing federal contracts, including the Federal Acquisition Regulation (FAR) is desired.
• Experience with Adaptive Insights Budgeting and Oracle NetSuite ERP platforms is desired.

This is a Washington, D.C.- based position requiring a minimum of three days per week in the office.

The recruitment range for this role is $300,000 - $325,000.

All qualified applicants will receive consideration for employment without regard to race, sex, color, religion, sexual orientation, gender identity, national origin, protected veteran status, or based on disability.

MBA is an E-Verify employer. Please note that MBA will not sponsor employment.