Chief Financial Officer

    NeighborWorks Umpqua
    December 23, 2020



    Title: Chief Financial Officer

    Organization: NeighborWorks Umpqua

    Reports to: Chief Executive Officer

    Direct Reports: Controller, Staff Accountant, Grants Manager   and Bookkeeper

    Location: Roseburg, Oregon


    The Opportunity

    NeighborWorks Umpqua seeks a forward-thinking and decisive individual who possesses a big-picture perspective and high ethical standards to be our new Chief Financial Officer (CFO).

    He/She/They will have the opportunity to lead the finance, accounting and related systems functions of a respected, long-standing rural community development corporation through a period of critical strategic planning, organizational assessment, performance and process improvement, and change management.

    He/She/They will be an integral part of the executive leadership team which includes the Chief Executive Officer and Chief Operating Officer. He/she/they manages the staff of the finance department, including reviews, hiring, discipline, training, and all other management functions. He/she/they supervises the Controller, Staff Accountant, Grants Manager, and Bookkeeper.

    NeighborWorks Umpqua seeks a strategic visionary with sound technical skills, analytical ability, good judgment, systems knowledge, and strong operational focus.

    The ideal candidate will thrive in the inspiring work environment of beautiful Southern Oregon, while contributing to a highly sophisticated and collaborative business culture.

    Key Responsibilities

    • Plan, develop, organize, implement, direct, and evaluate the organization’s fiscal function and performance
    • Develop multiple annual program budgets that roll up into a full organizational budget and conduct short-term and long-term forecasting of financial performance and cash needs
    • Ensure timely completion of annual external audit and compliance with grants and funders
    • Prepare monthly financial reports for the organization and its programs along with an analysis; works in partnership with organizational managers to make sound business decisions
    • Develop and implement initiatives to improve contract efficiency, program quality and a diverse revenue base
    • Create and maintain effective GAAP policies and procedures
    • Provide technical financial advice and knowledge to staff
    • Serve as staff liaison to Board Finance Committee
    • Oversee banking activities and actively manage cash flow to ensure it meets agency needs
    • Capital raising

    The Organization

    NeighborWorks Umpqua is a community-focused private, rural nonprofit organization working to enhance the lives of Oregon residents in Coos, Curry, Douglas, Jackson and Josephine Counties, with planned expansion into other areas. NeighborWorks Umpqua has been a dynamic part of people's lives for many years - working together to build businesses, homes, and affordable housing, helping government provide needed infrastructure, conserve resources, and develop a stable local economy.

    In their 25+ years, NeighborWorks Umpqua has met all their housing and economic goals through creating overlapping client services that include:

    • Affordable Housing Development
    • Education, Training, and Homeowner Assistance
    • Lending, Loan Servicing and Other Financial Services
    • Economic Development
    • Community Development
    • Asset and Property Management

    As a charter member of NeighborWorks America—a network of more than 240 members, NeighborWorks Umpqua is a dynamic, flexible organization that seizes opportunities to meet changing local needs. NeighborWorks America provides technical and support services, competitive grants and other financial assistance, training institutes, scholarships for training and events, and much more.

    As NeighborWorks Umpqua prepares to celebrate its 30th anniversary in 2021 the organization is poised for further growth and impact with over 800 units in the real estate development pipeline, the emergence of its CDFI that will also benefit 3 – 4 different counties in Northern California, and the proliferation of more programs for Southwest Oregonians to participate in the local economy.

    Mission Statement

    NeighborWorks Umpqua is a rural-focused housing and community development corporation committed to promoting opportunity for all. We will do this by providing quality housing, community development, property management, financial services, education, and advocacy to attain economic, social, and environmental sustainability, and equity.

    Current Initiatives

    • NeighborWorks Umpqua has secured over $4 million in low-cost loans and grants from Oregon Housing and Community Services to sustain affordable housing in Douglas and Coos counties. The funds will support renovation projects in Roseburg and Coquille; and are slated to begin in Q1 of 2021
    • NeighborWorks Umpqua will be investing $7.8 million to renovate and modernize the Hillside Terrace Apartments in Coquille, after having secured $2.5 million in competitive funding from Oregon Housing and Community Services. he funds from OHCS will be in the form of low-cost loans and a grant for energy efficiency improvements. These funds, from dedicated non-General Fund sources, will match $5.2 million in previously secured low-cost loans for the project from the United States Department of Agriculture Rural Development. USDA RD is the primary provider of financing for housing in rural communities
    • NeighborWorks Umpqua has partnered with the Rural Local Initiatives Support Corporation (LISC) to create a rural Financial Opportunity Center (FOC). This new center provides a relationship-based coaching model that will help low-income families improve their financial well-being. Three core services – financial education and coaching, income supports, and employment services – will provide the resources to financially empower underserved rural Oregonians and small businesses

    The Candidate Profile

    Bachelor’s degree required, with a focus on Accounting and/or Business Administration, or related field preferred; MBA/CPA strongly preferred. Ideal candidates will have 10 years of experience leading the finance function, preferably in non-profits and/or affordable housing/real estate/CDFIs.  Finance executives with LIHTC and HUD financing and related federal housing programs experience, and prior experience in partnership and property management accounting, preferred. Strong candidates with a relevant combination of education and experience will be considered.

    The successful candidate will have the requisite skills and experience to manage the finances, accounting practices and controls of a dynamic, complex and sophisticated organization with  $68M in real estate assets (615 units) and a $6M operating budget, and the business judgment to be a strategic partner on the senior leadership team.

    He/She/They will be responsible for directing the fiscal functions of the corporation in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board (FASB), other regulatory and advisory organizations, and in accordance with the financial management techniques and practices appropriate to the non-profit industry.

    Strategic Finance Leadership

    He/She/They will provide strategic financial input and leadership on decision-making issues affecting the organization, including evaluation of potential acquisitions, investments, and pension funds.  He/She/They advises on the impact of long-range planning, introduction of new service offerings (CDFI), programs/strategies, and regulatory action.  He/She/They provides vision, oversight, and strategic direction over the finance function, and maintains an organizational infrastructure for long-term sustainability and quality service delivery. He/She/They will have a demonstrated track record of leading, developing and mentoring a high-performing staff in the functional areas under his/her/their purview.

    Financial Administration Expertise

    He/She/They will develop and build organizational capacity in the financial and accounting functions to ensure systems perform at a high level and processes are continually evaluated and improved as necessary, including fund accounting software systems (Yardi, MIP, Concur or related system experience preferred), property and asset management accounting systems, as well as existing and emerging information technology. Strong GAAP/Fund accounting, budgetary, financial reporting, planning and analysis, operational, and organizational risk identification, management, and mitigation skills a must.

    Collaborative Leadership

    He/She/They will develop and manage strong working relationships with stakeholders, staff and strategic partners with transparency, diplomacy, influence, and negotiation with the ability to convey complex ideas and concepts to diverse audiences in verbal and written communications.

    Desired Professional Attributes

    • The highest level of professionalism, stewardship, and integrity in executing the CFO role in alignment with NeighborWorks Umpqua values
    • Demonstrated leadership skills that inspire and motivate others
    • Collaborative style and skill in building teams and developing people
    • Balanced processing and respect for differing/disparate perspectives
    • Authentic and transparent communicator
    • Ability to adapt to NeighborWorks Umpqua culture and effectively integrate into its organization
    • Ability to work at all levels of the organization and develop a close rapport with other colleagues, partners, constituents, and employees
    • Energized, challenged, and inspired by working in communities like rural southwest Oregon

    Measures of First Year Success

    • Conduct a comprehensive assessment of the Accounting, Finance and Systems functions and staff and make appropriate changes and modifications as needed
    • Markedly improve the timeliness, accuracy and consistency of financial reporting, planning and analysis processes and the transparency of related communications
    • Ensure that NWU has a fully staffed and functioning Finance and Accounting Department
    • Ensure timely completion of annual external and NeighborWorks America audits as well as compliance with grants and funders

    Majestic Roseburg, Oregon

    Roseburg is situated at the heart of the Hundred Valleys of the Umpqua in scenic, Southwestern Oregon, famous for fishing, rafting, and waterfalls. Roseburg is the hub of retail, government activity and medical services for Central Douglas County with a rich backstory, historic districts, wineries, and scenic parks. Roseburg is known for its mild climate and beautiful seasons. Winters are cool without much freezing and provide most of the rainfall that brings blossom-filled springs. A warming trend begins in April and May, continuing into the summery days of July and August. Fall weather is pleasant and crisp, producing brilliant leaf colors in late October. It is a beautiful place to live and work year-round!

    Candidate Inquiries

    NeighborWorks Umpqua has retained HCGA Consulting Partners to lead this search:

    Mr. Tracy V. McMillan

    Managing Partner

    HCGA Consulting Partners LLC

    (484) 994-9270

    About HCGA Consulting Partners

    Executives in affordable housing, nonprofit, and middle market organizations retain HCGA Consulting Partners to fill senior leadership team positions because they value our specialized knowledge and proven process for identifying executive talent using our unmatched national network, commitment to diversity, equity, and inclusion (DEI), and record of long-tenured placements.