Chief Financial Officer

Employer: New Directions Housing Corp.

Job Description


New Directions Housing Corporation (“New Directions”), was created in 1971 as a non-profit to develop and maintain affordable housing in the Louisville area. It has grown to provide rental housing to over 1000 households, offer four learning centers for after-school care and three adult centers for our senior population, and have a yearlong repair program to help seniors and disabled people stay comfortably in their own homes.  New Directions provides community support in the neighborhoods it serves and has several community gardens as well as regular Neighborhood Roundtables, which are meetings of grassroots neighborhood leaders. St. Benedict Centerfor Early Childhood Education (“St. Benedict”)serves children from the age of six-weeks to 12-years on a full-time basis and became affiliated with New Directions in 2016.


Together, New Directions and St. Benedicts have almost 100 employees. New Directions has been rated an “Exemplary Organization” by NeighborWorks America, a national congressionally chartered funding and training entity. New Directions and St. Benedict Center are accredited by the Better Business Bureau and are a Metro United Way agency.


New Directions’ Mission: We develop and maintain affordable housing and vital communities in partnership with neighborhoods and other stakeholders. 



Position Summary: 

Under the general supervision of the CEO and with considerable exercise of initiative and judgment, the Chief Financial Officer is responsible for the total financial and accounting management of the agency and the planning, directing and coordinating of all financial and accounting activities.


The CFO will have primary responsibility for all accounting and finance activities, including overseeing long-term and short-term financial plans, managing all commercial loans, coordinating and assisting with 3rdparty audits, supervising accounting staff, preparing and reviewing financial statements, reviewing books for correctness and completeness, supervising AP and AR activity for the corporation, developing Annual Budget, and managing all commercial property and liability insurance for New Directions, St. Benedict, and any other related entity. 



Essential Responsibilities:

§  Directs and coordinates all of the agency’s financial and accounting activities, including its audit and budget.

§  Develops and implements the agency’s financial policies and practices along with the CEO, Board of Directors and Finance Committee.

§  Supervises/Maintains the agency’s financial reporting, accounting functions and accounting staff

    • Supervises the accounts payable and accounts receivable activity for the corporation
    • Supervises the accounting staff
    • Prepares financial reports or budgets for internal and external use
    • Reviews the corporation’s books for correctness and completeness
    • Acts as the primary accounting resource for the corporation
    • Assures that correct accounting procedures and good internal controls are maintained in the agency.

§  Appraises the agency’s financial position and issues periodic reports on financial stability, liquidity and growth.

§  Oversees the agency’s long-term and short-term financial plans and investments.

§  Assists the Board of Directors and other executive staff with Strategic planning for the organization

§  Coordinates, directs and assists with the agency’s annual audits, financial reports and tax returns in conjunctions with outsourced accounting firm.

§  Prepares and oversees the development of the Annual Budget

§  Maintains professional relationships with all appropriate financial institutions and regulatory agencies.

§  Manages all commercial loans for the organization and related entities.

§ Provides reporting for Funding Agencies as required.

§  Performs Asset Management Duties including maintaining Deal Books

§  Manages Commercial Insurance Coverage for the company (excluding Workers Compensation) 

§  Provides analysis and support for other NDHC functions and departments

§  Performs other related duties as assigned

Salary Range: $100,000 +

Job Requirements:

Essential Qualifications, Experience & Skills: 

§  Bachelor’s degree in Accounting or Finance

§  CPA and/or MBA in Accounting or Finance; or an equivalent combination of education, experience, and training.

§  Experience with Commercial Loans and Mortgages and maintaining and developing Banking relationships

§  Commercial Insurance Management Experience

§  Minimum of 7 years of experience managing an accounting or finance department

§  Must possess full understanding of Accounting and all Accounting Functions

§  Knowledge of the Generally Accepted Accounting Principles (GAAP)

§  Advanced computer proficiency in Word, Excel, PowerPoint, payroll and accounting systems

§  Excellent oral and written communication; strong interpersonal skills

§  Ability to organize and manage multiple priorities

§  Demonstrated ability to lead people and get results through others

§  Team player with commitment to the agency’s values

§  Ability to think ahead and plan over a one- to five-year time span

§  Maintain the confidentiality of any information encountered

§  Successfully complete any required pre-employment screening, including any required drug test


Valued but Nonessential Skills & Experience:

§  Knowledge of not-for-profit practices

§  Knowledge of LIHTC projects and related transactions

§  Knowledge of HUD practices

§  Knowledge of property management and accounting systems (Yardi)


Physical Demands, Work Environment, Machines, Tools & Equipment: The characteristics described here are representative of those that must be met by an employee to successfully perform the essential function of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

§  Physical Demands:  While performing duties of job, employee is required to sit for long periods of time; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; talk and hear.  Employee must occasionally lift and/or move up to 25 pounds.  

§  Work Environment:  This work is performed primarily in an office setting. Some travel may be required to meet with community partners and agencies. Some night and/or weekend work is required to support special events.  Position requires some driving in local area and may require the incumbent to drive at night and/or in inclement weather.

§  Machines, Tools & Equipment:  Computer and various applications (Outlook, Word, Excel, Yardi, etc.), printer, photocopy machine, fax machine, telephone, automobiles, cell phone, calculator, shredder.

How to Apply:

Additional Information


In addition to a sense of purpose and pride in their work, eligible employees enjoy paid holidays, paid leave, paid Life Insurance, Short and Long Term Disability Insurance, 401k Retirement Planning with 3% employer match, as well as access to NDHC's Section 125 Health Plan which includes Medical, Dental and Supplemental Insurance. All offered benefits and the waiting periods are described in depth in our Employee Benefits Guide.


To apply, interested applicants may apply online at or by faxing or emailing a cover letter and resume to: 


ATTN: Human Resources
Fax: (502) 371-3008


Submissions that include cover letters will be reviewed more favorably.


No phone calls please.


New Directions Housing Corporation is an Equal Opportunity Employer. NDHC's employment practices consist of recruiting and hiring qualified employees without discrimination with regard to age, color, disability, familial status, gender, gender identification, marital status, national origin, race, religion, sexual orientation, genetic identifying information, or veteran status. It is our policy that equal employment opportunity be provided with respect to hiring, compensation, promotion, benefits and all other privileges and conditions of employment.