Work for Indiana
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.
About the Indiana Housing and Community Development Authority (IHCDA):
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 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:
-Organizational Policies and Procedures: Familiarity with the organization’s structure, policies, and procedures.
-Time Management Techniques: Understands and implements effective time management principles and scheduling practices to meet deadlines in a fast-paced environment.
-Communication Protocols: Knowledge of professional communication standards, both verbal and written.
-Project Management Principles: Awareness of project management methodologies to support various initiatives.
-Office Software Proficiency: Proficiency in productivity software (e.g., Microsoft Office Suite, Google Workspace) and project management tools.
-Housing Finance: In-depth understanding of housing finance principles, mortgage products, and homeownership assistance programs.
-Regulatory Compliance: Familiarity with federal and state housing laws, regulations, and policies related to homeownership.
-Market Trends: Knowledge of housing market trends, economic factors, and demographic dynamics impacting homeownership.
Skills:
-Organizational Skills: Ability to prioritize tasks, manage multiple schedules, and keep track of various projects efficiently.
-Personnel Management: Ability to oversee and manage staff and their development.
-Communication Skills: Strong verbal and written communication skills to interact effectively with diverse stakeholders.
-Problem-Solving Skills: Capacity to assess situations, identify challenges, and implement effective solutions promptly.
-Interpersonal Skills: Ability to build and maintain positive relationships with colleagues, clients, and external partners.
-Attention to Detail: Strong focus on accuracy and thoroughness in tasks, especially in document preparation and meeting notes.
-Strategic Planning: Ability to develop and implement strategic plans that align with the agency’s goals and respond to community needs.
-Project Management: Proficient in managing multiple programs and projects simultaneously, including budgeting, resource allocation, and outcome evaluation.
Abilities:
-Adaptability: Ability to respond to changing priorities and unexpected challenges with flexibility.
-Confidentiality: Capacity to handle sensitive information with discretion and maintain discretion.
-Executive Leadership: Fosters clear communication and collaboration; manages performance and resources; maintains accountability; and drives execution with continuous improvement.
-Initiative: Proactively identify opportunities for improvement and take the lead on tasks without waiting for direction.
-Technical Proficiency: Comfort with various office technologies and the ability to quickly learn new tools or software as needed.
Education & Experience:
-University degree preferred.
-Minimum five (5) years of relevant work experience preferred, in finance, accounting, and/or capital markets.
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:
The State of Indiana offers a comprehensive benefit package for full-time employees which includes:
-Three (3) medical plan options (including RX coverage) as well as vision and dental plans
-Wellness Rewards Program: Complete wellness activities to earn gift card rewards
-Health savings account, which includes bi-weekly state contribution
-Deferred compensation 457(b) account (similar to 401(k) plan) with employer match
-Two (2) fully-funded pension plan options
-A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
-150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers
-Up to 15 hours of paid community service leave
-Combined 180 hours of paid vacation, personal, and sick leave time off
-12 paid holidays, 14 on election years
-Education Reimbursement Program
-Group life insurance
-Referral Bonus program
-Employee assistance program that allows for covered behavioral health visits
-Qualified employer for the Public Service Loan Forgiveness Program
-Free Parking for most positions
-Free LinkedIn Learning access
Equal Employment Opportunity:
The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at jobsspd.IN.gov.
