What are the responsibilities and job description for the FINANCE MANAGER position at Finance New Orleans?
Organization Background
Finance New Orleans ("FNO") is a quasi-governmental financial institution with a mission to improve the quality of life in the city of New Orleans by investing in affordable housing, economic development, and climate resilience projects that produce quality jobs and wealth for residents.
The City Council of New Orleans created FNO in 1978 under the Louisiana Public Trust Code (La. Revised Statutes 9 : 2341-47). FANO was initially called the New Orleans Home Mortgage Authority" but changed its brand in 1999. Finance New Orleans was recently adopted as a brand name in 2020 to reflect its future direction. FNO is not a department or division of the City of New Orleans, but the City Council of New Orleans appoints its seven-member Board of Trustees. Since 1978, FANO has financed more than $630 million worth of mortgages and down payment grants for more than 7,800 first-time homebuyers and low to moderate-income families throughout Orleans Parish.
Long-Term Strategic Vision
After sustaining several natural and financial disasters, Finance New Orleans re-imagined its operations to focus on using climate resilience as an opportunity to protect and grow New Orleans to its full potential for all community stakeholders. In 2021, Finance New Orleans launched a 10-Year Strategic Vision that includes four goals :
1. Use Climate Resilience to Physically Transform New Orleans
2. Create Economic Development Opportunities
3. Build Public Wealth for Community Reinvestment
4. Grow as an Agile and Innovative Organization
Job Overview
As Finance Manager, you will assume responsibility for overseeing all financial and accounting functions within the organization. This pivotal role involves ensuring precise financial reporting, establishing and managing the company's operating model, and offering strategic financial insights. The ideal candidate should be adept at getting into the details and possess a strong educational background in business, finance, or accounting, ideally holding an MBA or CPA certification. Relevant work experience in finance, public finance, accounting, or consulting is highly desirable.
Key Responsibilities :
- Assess end-to-end financial processes to identify opportunities for increased efficiency.
- Evaluate accounting policies, procedures, and integrate Business Intelligence (BI) software solutions to identify cost and time-saving opportunities and plan for future growth.
- Collaborate with the existing team to develop and implement financial strategies aligned with the company's goals.
- Own and optimize models, reporting, and analysis for the Finance department functions.
- Direct and manage financial planning, budgeting, forecasting, and reporting processes.
- Supervise and lead accounting functions, including accounts payable / receivable and financial reporting.
- Ensure compliance with regulatory standards and financial laws.
- Analyze financial data, providing insights and recommendations to executive leadership.
- Collaborate cross-functionally to support business decisions and initiatives.
- Manage relationships with external auditors, banks, and financial institutions.
- Lead, mentor, and develop a high-performing finance and accounting team.
- Generate financial analyses to aid C-Suite decision-making and coordinate financial reporting for monthly board meetings.
- Undertake any additional responsibilities delegated by the Chief Business Officer.
- Manage assigned projects as needed.
Preferred Qualifications :
Knowledge, Skills & Abilities :