Chief Financial Officer

Chief Financial Officer

Prospera has been empowering families since 1993 by providing safe, high-quality affordable housing with support services to those in need. As a mission-driven, values-based nonprofit, Prospera is committed to fostering family stability and a strong sense of community by addressing individual needs.

At the heart of our work are our core values: integrity, accountability, excellence, commitment, dignity, fairness, and respect. These core values serve as our guiding principles and shape everything we do, from how we serve our residents, to how we support one another as a team.

At Prospera, every team member plays a vital role in advancing our mission. We welcome passionate individuals who are ready to make a meaningful difference in the lives of others.

The Chief Financial Officer (CFO) serves as a strategic and operational leader responsible for stewarding Prospera Housing Community Services' financial health, sustainability, and compliance in support of its mission to provide and preserve high-quality affordable housing for low-income communities. Reporting to the Executive Director/CEO and serving as a key member of the senior leadership team, the CFO oversees all financial operations, risk management, and financial strategy across a complex portfolio of housing assets, funding sources, and regulatory requirements.

Strategic & Executive Leadership

Partners with the Executive Director/CEO and Board of Directors to develop and implement long-term financial strategy that supports the organizational mission and growth

Provides timely, accurate financial analysis and insights to inform strategic decisions, capital planning, and organizational sustainability

Serves as lead staff to the Board, Finance and Audit Committees, preparing materials and presenting financial results and projections

Represents the organization through participation in trade and industry associations

Represents the organization by attending meetings and functions held with government, banking institutions, funding agencies and other stakeholders

Financial Management & Reporting

Directs all accounting, budgeting, forecasting, and financial reporting functions in accordance with GAAP and nonprofit accounting standards

Oversees preparation and monitoring of annual operating budgets, multi-year financial forecasts, and cash-flow projections

Ensures accurate consolidation and reporting across multiple properties, entities, and funding streams

Prepares corporate budgets with departmental input

Develops, publishes and maintains Policy and Procedures Manual for the financial activities of the organization, including documenting and monitoring internal financial controls

Housing Finance & Compliance

Oversees financial management of affordable housing programs, including LIHTC (Low-Income Housing Tax Credits), HUD-funded programs, Section 8, and other public or private funding sources

Ensures compliance with federal, state, and local regulations, funder requirements, and partnership agreements

Coordinates property-level financial performance analysis, reserve planning, and long-term asset sustainability

Audit, Risk & Internal Controls

Leads annual audits and tax filings (including Form 990), serving as primary liaison to external auditors, investors, and regulators

Establishes and maintains strong internal controls, risk-management practices, and financial policies and procedures

Ensures organizational adherence to best practices in financial governance and transparency

Treasury & Cash Management

Manages cash, debt, investments, and banking relationships

Oversees financing activities including loans, refinancing, bond issues, and capital structures for housing developments and renovations

Monitors covenant compliance and investor reporting requirements

Grants, Contracts & Funding Support

Supports grant development and contract negotiations by providing financial models, budgets, and compliance oversight

Ensures proper tracking, reporting, and reconciliation of restricted and unrestricted funds

Team Leadership & Operations

Leads and mentors finance staff; fosters a collaborative, high-performance culture grounded in accountability and mission focus

Creates an atmosphere for open, two-way communications so that Prospera's financial departments and front-line staff may provide input into the accounting process to improve firm's product

Recruits, trains, motivates and evaluates the performance of financial department personnel reporting to the Chief Financial Officer

Evaluates and improves financial systems, property management integrations, and reporting tools to enhance efficiency and accuracy

Collaborates closely with Property Management, Development, Asset Management, and HR teams

Performs other duties as assigned by the CEO

Knowledge/Skills/Abilities

Thorough, experience-based knowledge and understanding of the principles and methods of financial administration, particularly in the areas of accounting, budgeting, auditing, grants management and investments

Knowledge of federal, state and local laws, rules and regulations relating to the financial administration of public agencies

Knowledge of LIHTC and HUD's Programs and Regulations relating to multifamily housing properties preferred

Working knowledge of computer hardware and both general ledger and property management software

Knowledge of the techniques of program analysis and revenue forecasting

Knowledge of the principles and techniques of budget development and administration. Ability to plan, direct, monitor and evaluate the services and activities associated with the financial activities of the Company

Ability to develop, install and maintain sound accounting and financial reporting systems and procedures

Skills and ability to prepare complex financial reports and analyses

Ability to supervise and evaluate the performance of Departmental staff

Knowledge of and ability to interpret and apply policies, procedures, rules and regulations and federal, state and local laws, rules and regulations relating to financial activities

Ability to coordinate and facilitate meetings

Personal Attributes

Mission-driven leadership with strong ethical standards

Strategic and analytical thinking

Clear, persuasive communication with financial and non-financial audiences

Detail orientation combined with big-picture perspective

Collaborative leadership and people development

Requirements

Education and Experience Required

Bachelor's degree in Accounting, Finance, Business Administration, or related field required MBA preferred

Minimum of 15 years of progressive financial leadership experience required, with experience in nonprofit finance and affordable housing

Minimum of two years of audit or tax procedures experience

Current Texas CPA license required

Proven experience working with Boards of Directors and senior leadership teams

Experience supporting housing development transactions, limited partnerships, LIHTC and capital financing preferred

Communication and Contacts Required

Maintains a positive work environment by creating job motivation

Presents ideas clearly and influentially through various means

Identifies/shares important information in a timely manner; appears knowledgeable and confident in communicating information.

Ensures all administrative processes involving employees are handled on a timely basis

Fosters a positive work environment embracing the Mission and Core Values of Prospera (Integrity, Accountability, Excellence, Commitment, Dignity, Fairness and Respect).

Supervisory Responsibilities

The CFO classification is an executive classification which exercises general supervision over professional, technical, and clerical staff involved in the performance of the services and activities assigned to the Finance/Accounting Department.

Decision Making Responsibilities

The CFO ensures timeliness, accuracy, and usefulness of financial and management reporting for board of directors. The CFO makes sure that all reports are made to all the appropriate departments in a timely manner. The CFO coordinates audits and makes sure the proper filing of tax returns is handled in a timely manner. The CFO ensures all legal and regulatory compliance regarding all financial functions is kept.

Physical and Mental Requirements/Work Environment

Ability to handle prolonged periods of sitting at a desk and working on a computer

Mobility and manual dexterity to work in a standard office environment and use standard office equipment

Vision to read handwritten and printed material and a computer monitor

Hearing and speech to communicate in-person and by telephone

Must be able to lift and carry items weighing up to 15 pounds such as files, books or boxes of paper, forms or supplies

Must have the mobility to traverse inclined terrain or climb stairs at the housing properties

The mental work demands regular attendance, working well with others, verbal contact with others, noise