Director of Finance
Portland Housing Authority, Portland, ME, United States
This position serves as the Chief Financial Officer for the Portland Housing Authority in Portland, Maine, a $55+ million organization with a complex portfolio of public, nonprofit, and for-profit entities and over $33 million in net public assets. The Director provides executive-level financial leadership, ensuring fiscal integrity, regulatory compliance, and long-term sustainability across a diverse and evolving portfolio.
As a key member of the leadership team, this role supports strategic expansion, oversees financial operations, and advises the Executive Director and Board on financial performance, risks, and opportunities.
CORE RESPONSIBILITIES
- Serve as CFO, providing strategic financial oversight across all entities
- Advise Executive Director and Board on financial condition, risks, and long-term strategy
- Prepare and present clear financial reports and dashboards
- Oversee accounting operations in compliance with GAAP, HUD, and applicable regulations
- Maintain and strengthen internal controls and financial policies
- Ensure accurate financial reporting and proper use of restricted funds
Strategic Expansion & Development
- Lead financial strategy for nonprofit and subsidiary growth
- Evaluate and support new business and development opportunities
- Provide financial modeling for feasibility and investment decisions
Budgeting & Financial Planning
- Identify trends, variances, and risks; implement corrective actions
- Support long-term financial planning and sustainability
HUD, Grants & Subsidy Management
- Oversee HUD funding requisitions (eLOCCS) and compliance reporting
- Manage financial performance of HCV, Mainstream, and special programs
- Ensure accurate reporting across all federal, state, and local funding sources
LIHTC & Investor Relations
- Oversee LIHTC compliance, cost certifications, and long-term monitoring
- Serve as primary financial liaison to lenders and equity investors
- Ensure accurate investor reporting and partnership oversight
- Timely processing, close‑out and reporting of property operating budgets and support for Asset Management and Property Management in the preparation of annual budgets
Audit, Compliance & Risk
- Lead all audits, financial reporting, and regulatory compliance activities
- Serve as liaison with auditors and oversight agencies
- Address audit findings and mitigate financial risks
Treasury & Asset Oversight
- Oversee cash management, banking relationships, and liquidity
- Monitor reserves and financial performance across properties and entities
- Supervise Finance staff and establish clear roles and expectations
- Build team capacity and ensure strong internal coordination
- Foster a culture of accountability, accuracy, and service
QUALIFICATIONS
Experience
- 10+ years of progressive financial leadership experience
- Experience in public sector, housing, or regulated environments preferred
- Background in multi‑entity financial structures and audits
- Strong knowledge of GAAP, HUD financial systems, and compliance
- Experience with LIHTC and investor/lender relations
- Advanced financial modeling and analytical skills
- Ability to communicate complex financial information clearly
Education
- Bachelor’s degree in Accounting, Finance, or related field required
- CPA, MBA, or similar credential preferred
DESIRABLE EXPERIENCE
- HUD modernization programs (RAD, Section 18)
- Social enterprise or mixed‑income housing models
- Grant and capital funding administration