Chief Financial Officer

Chief Financial Officer

Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package, and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.

The Indiana Housing and Community Development Authority (IHCDA) is a quasi-agency of the State of Indiana and is committed to serving the entire spectrum of housing, from homelessness to homeownership. Our charge is to provide housing opportunities, promote self-sufficiency, and strengthen communities, in order to build an Indiana with a sustainable quality of life for all Hoosiers in the community of their choice. To learn more about IHCDA visit us at www.in.gov / ihcda.

Role Overview

The CFO will lead and implement the strategic development and execution of funding programs, including first mortgage securitization (and possible warehouse lending) for IHCDA's balance sheet. Analyze the economic efficiency of bond financing, sale of mortgage-backed securities, and other financing strategies. Manage the structuring of bond deals and work with financial advisors, underwriters, and bond counsel to develop and execute the most financially effective bond deals for the IHCDA. Meet the required EMMA disclosures. Lead IHCDA's secondary marketing program to ensure best execution on transactions involving the sale of mortgage-backed securities, while ensuring that the interest-rate risk of the mortgage loan pipeline is hedged appropriately. Lead and guide the strategic financial plan for the agency. Strategically manage and monitor the balance sheet and income statement. Direct the completion of required financial statements and lead the IHCDA financial audit processes with continuous improvement and an expectation of excellence. Serve as IHCDA's primary contact for the Ratings Agencies. The CFO has a responsibility to directly supervise the Director of Homeownership, Director of Operations, and Controller / Director of Accounting. The supervisory duties include and are not limited to the handling of performance management, which include goal setting, performance evaluation, and holding staff accountable, as well as providing guidance and thought leadership. The CFO is a core member of the IHCDA executive leadership team, which requires working alongside other executives on IHCDA strategic planning and executive decision making. Serve as a member of the Real Estate Development loan committee. Present multi-family requests for tax-exempt bond financings to IHCDA's Board of Directors.

Salary Statement

The salary for this position traditionally starts at $93,000.00 but may be commensurate with education or work experience.

A Day in the Life :

A day in the life of the CFO at the Indiana Housing and Community Development Authority (IHCDA) typically consists of :

• Invest the Authority's cash in short-term investments in accordance with the ISP
• Supports the Executive Director on special assignments regarding financial matters.
• Attend all TEFRA meetings for bond issuances.
• Meets with both commercial and investment banking partners, as well as IHCDA's financial advisor concerning cash management, investments, and debt issuance.
• Supports the Authority's continuous improvement efforts
• Participates in and supports the Authority's strategic plan development and implementation.
• Updates job knowledge by participating in educational opportunities, reading professional publications, and participating in professional organizations to maintain continuing professional education (CPE) requirements, if applicable.
• Executes directive letters for the single-family Resolution and general fund investments.

It should be noted that there is day and overnight travel involved with this position.

This position is exempt from overtime compensation for additional work hours which may be required to complete essential functions or other assigned work. Exempt employees may work more than 75 hours in a pay period without additional compensation and must report a minimum of 75 hours per pay period of work hours and / or paid leave taken to receive their base biweekly salary.

What You'll Need for Success :

The knowledge, skills, and abilities (KSAs) essential for a Chief Financial Officer include :

Knowledge :

Skills :

Abilities :

Education & Experience :

Able to perform essential functions with or without reasonable accommodation.

Supervisory Responsibilities / Direct Reports :

This role may be utilized in a supervisory capacity based on agency needs.

Benefits of Employment with the State of Indiana :