Senior Vice President of Finance at PROMESA R.H.C.F. – Bronx, New York

MISSION STATEMENT:

Are you ready to give back to the community while pursuing your passion? For over 50 years, Acacia Network and its affiliates have been committed to improving the quality-of-life and wellbeing of underserved communities in New York City and beyond. We are one of the leading human services organizations in New York City and the largest Hispanic-led nonprofit in the State, serving over 150,000 individuals every year. Our programs serve individuals at every age and developmental level, from the very young through our daycare programs to mature adults through our older adults centers. Our extensive array of community-based services are fully integrated, bilingual and culturally competent. Full time and part time available.

POSTION OVERVIEW:

Under the supervision of the Executive Deputy CFO, the SVP of Finance in affordable housing serves as a strategic leader overseeing all financial operations, capital structuring, and reporting for real estate development and asset management. Responsibilities include but not limited to, managing Low-Income Housing Tax Credit (LIHTC) syndication, securing debt/equity financing, overseeing project underwriting, ensuring compliance with HUD regulations, and other financial matters as directed by the Executive Deputy CFO and/or Chief Financial Officer. This is a managerial position.

KEY ESSENTIAL FUNCTIONS:

• Lead financial structuring for complex, multi-layered affordable housing developments, including securing LIHTC, HUD, bonds, and gap funding.
• Structure and negotiate agreements with investors, developers, and public agencies.
• Create, analyze, and update detailed financial models (e.g., in Excel) for project feasibility, operating costs, and revenue.
• Responsible for all financial data required for any capital project applications.
• Develop long-term financial goals and strategies, advising on portfolio performance and asset management.
• Monitor compliance with regulatory agreements (HUD, IRC Section 42) and oversee the preparation of financial reports, audits, and investor reports.
• Stakeholder Management - Represent the organization to stakeholders, including government entities and community partners
• Lead the annual budgeting process; prepare monthly and quarterly board and executive reports.
• Manages all financial reporting aspects of the various Federal/State/City grants for the organization including filing of required cost reports and submission of claims/vouchers.
• Responsible for the preparation of the monthly financial statements and yearly closing.
• Identify and drive operational improvement via data analysis, financial modeling, and reporting throughout the organization.
• Conducts account reconciliations and analysis on a regular basis.
• Implement and lead monthly financial meetings with the leadership team to review budget versus actuals on all key expense, capital expenditure and fixed asset lines.
• Drive continued business growth and increased profitability by proactively identifying resource allocation optimization/prioritization opportunities through analysis.
• Oversees external audits for assigned entities.
• Supervises Accounting Staff and provide training and assistance as required.
• Proactively identify opportunities to improve efficiency across all core finance processes while maintaining cross-functional relationships with key operations business partners to ensure strategic alignment.

REQUIREMENTS:

• Minimum of (7) years related work experience in affordable housing development, public finance, or real estate finance.
• Bachelor’s or Master’s degree in finance, accounting, business administration, or real estate management.
• Supervisory experience required.
• Expertise in LIHTC (Low-Income Housing Tax Credit), HUD programs (Section 8), and municipal/state financing.
• Strong analytical and modeling skills (Excel) and knowledge of YARDI accounting software preferred.
• Ability to interpret complex financial data and legal documents (loan agreements, partnership agreements).
• Ability to manage project timelines and budgets from pre-development through construction and stabilization.
• Expert negotiation capabilities, and strategic leadership skills.
• Knowledge of GAAP, preparing and managing P&L, balance sheet, and cash flow statements.
• Proven track record of creating and implementing financial reporting processes with experience in significantly improving financial results.
• Ability to use business acumen to exercise good judgment and decision-making.
• Must be able to multi-task with strong organizational skills.
• Excellent interpersonal skills and able to communicate both verbally and in written form.

WHY JOIN US?

Acacia Network provides a comprehensive and competitive benefits package to our employees. In addition to a competitive salary, our benefits include medical, dental, and vision coverage. We also offer generous paid time off, including vacation days and paid holidays, to support a healthy work-life balance. We prioritize the well-being of our employees both professionally and personally.