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Chief Financial Officer at New Mexico Mortgage Finance Authority – Albuquerque, New Mexico

New Mexico Mortgage Finance Authority
Albuquerque, New Mexico, 87102, United States
Posted on
Updated on
Salary:$150000 - $160000

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About This Position

General Summary

The Chief Financial Officer (CFO) is a key member of Housing New Mexico’s senior management team, responsible for the strategic and operational leadership of the Finance Division, which includes the Finance, Accounting, and Servicing Departments, as well as the Compliance function.

The CFO oversees all financial management activities, including financial planning, analysis, budgeting, reporting, and cash flow management. This role ensures the integrity and accuracy of financial data and compliance with all regulatory and tax requirements.

As a strategic partner to the CEO and the Board of Directors, the CFO contributes to long-term strategy development, risk management, and capital allocation decisions to support Housing New Mexico’s mission and growth objectives. The CFO provides insight and leadership in policy, economic, and financial initiatives and delivers clear, data-driven analysis and reports to support organizational decision-making.

The CFO is also responsible for establishing fiscal accountability and transparency, maintaining strong relationships with external stakeholders, and building credibility across the organization and within the community. By developing innovative financial strategies and operational solutions, the CFO ensures Housing New Mexico’s financial strength, sustainability, and strategic success.

ESSENTIAL DUTIES & RESPONSIBILITIES

The intent of this job description is to provide a representative summary of the major duties and responsibilities performed by incumbents of this job. Employees may be requested to perform job-related tasks other than those specifically presented in this description.

Supervise employees, which includes prioritizing and assigning work; conducting performance evaluations; ensuring employees are trained; ensuring employees follow policies and procedures; maintaining a healthy and safe working environment; and making hiring, termination, and disciplinary recommendations.Direct the activities of the Finance Division in performing its function to provide resources and opportunities for affordable housing in the state of New Mexico. Oversee the activities of the departments, which includes planning, coordinating, administering and evaluating programs, projects, processes, procedures, systems, standards; ensure compliance with investors, federal, state and local laws, regulations, codes, and/or standards.Ensure maintenance of robust internal controls and fiscal integrity is maintained, thereby creating a regulatory compliant and cost-efficient organization Coordinate and oversee all Single-Family Mortgage Program funding executions including:The bond issuance process and all bond related matters; ensures compliance with the IRS, Municipal Securities Rulemaking Board (MSRB) and SEC requirements governing the issuance Housing New Mexico debt. Manages Private Activity Bond Cap ensuring availability for bonding purposes and IRS complianceSecondary market loan sales, including the To-Be-Announced Program and potential Community Reinvestment Act investors and transactionsMaintenance of internal controls Other funding executions as identifiedInvest Housing New Mexico funds in a manner that complies with the Housing New Mexico Act and investment policies. Establish sound public investment principles that meet organizational goals and maximize market conditions while providing adequate cash flow and liquidity to meet obligations.Oversee the daily administrative and technical operations of the division and the deployment of resources to projects in a fiscally responsible manner. Provides direction on work processes and improvements. Ensure departments stay current on and employ best practices.Oversee loan portfolio credit risk from a servicing perspective ensuring loan loss exposure is minimized.Analyze and report financial performance and provide training to Board and external stakeholders (i.e. Legislative Oversight Committee, Legislative Finance Committee and State Board of Finance) as required.Participate in a leadership role in Policy Committee advising on organizational-wide policy development, board activity, operational functions, financial performance and industry trends. Oversee external audit processes and development of audited financial statements and ensure an accurate and timely work effort to achieve a successful outcome. Performs other related duties of a similar nature and level as assigned.Oversee all rating agency activities.Direct financial planning and implement financial strategies that result in balancing Housing New Mexico profitability, balance sheet strength, long-term sustainability, and maintenance of issuer credit rating with the affordable housing mission.Interact with Board of Directors, financial advisors, underwriters, attorneys, trustees, auditors, lenders, rating agencies, legislators, State Board of Finance, as well as federal and state agencies. Perform other related duties of a similar nature and level as assigned. Employees are required to comply with safety regulations, procedures, and protocols MINIMUM QUALIFICATIONS

Education and Experience

Bachelor’s degree in finance, accounting or other related discipline; advanced degree preferred. Ten years of experience in the financial services industry or public finance; 15 or more years preferred. Management experience required.

Conditions of Employment

CPA RequiredKNOWLEDGE, SKILLS, and ABILITIES

Proven interpersonal and management skillsTrain, supervise and evaluate employeesDecision making, management and leadership skillsExperience in budgeting and allocation of resourcesAbility to manage complex projectsCritical thinking, analytical and problem-solving skillsBackground in the use of computer software, including specialized software applicable to the positionKnowledge of industry best practicesAbility to adapt to changes in work situations and prioritiesExercise good judgementCollect, organize and interpret dataRead, analyze and interpret standards, policies, procedures and regulationsDevelop and write reports, policies, procedures, correspondence and presentationsAbility to present complex ideas to a variety of stakeholdersEstablish and maintain constructive and cooperative interpersonal relationships with employees, peers, supervisors and managers in the work unit, other Housing New Mexico departments and with outside partners and services Possess strong technical skills in internal control structures and knowledge of generally accepted accounting principles as well as OMB requirements Understanding of public finance including security underwriting and legal and fiduciary relationshipsBasic understanding of cash management, federal fiscal policy, economics and capital markets Possess technical skills in Accounting and FinanceRelate to and interact with a non-traditional and diverse customers and employee populationAbility to analyze financial statementsPossess strong technical skills in internal control structures and knowledge of generally accepted accounting principles as well as OMB requirements Work independentlyAbility to understand and direct financial modeling and forecastingBalance competing requirements and needs of the organizationsCORE EXPECTATIONS

Provide Exceptional Customer Service to internal and external customers 100% of the time.Demonstrate a positive attitudeDemonstrate respectful behaviorFoster teamwork and collaborationExhibit honesty and integrity in communications and actions Take initiative Dependable, Reliable, Adaptable and ProductiveStrive to become the subject matter expert in your positionPractice and uphold established Leadership ValuesSet clear goals and expectations to hold staff accountableAssume responsibility and hold yourself-accountable for the overall performance of your departmentProvide timely follow-up/response(s)WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work is performed in a standard office or indoor environment. Essential functions are regularly performed without exposure to adverse environmental conditions; however, employees may be exposed to minor inconveniences such as occasional noise, exposure to computer screens, crowded working conditions, and/or minor heating, cooling or ventilation problems.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Light Work: Performing the essential functions typically requires exerting up to 20 pounds of force occasionally, up to 10 pounds of force frequently, and/or a negligible amount of force constantly.

The work occasionally involves walking, driving, stooping, kneeling, crouching, reaching, climbing, balancing, pushing, pulling, lifting.

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Housing New Mexico is an Equal Opportunity Employer.

Job Location

Albuquerque, New Mexico, 87102, United States
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Job Location

This job is located in the Albuquerque, New Mexico, 87102, United States region.

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