Chief Financial Control Officer

About the Role

Legacy Community Development Corporation (Legacy CDC) is seeking a strategic and highly experienced financial leader to serve as our Chief Financial Control Officer (Director of Finance).

This is a CFO-level leadership role responsible for safeguarding the financial integrity, sustainability, and compliance posture of a growing nonprofit organization that manages a multi-property rental portfolio and multiple federal, state, and local grants.

This position protects audit integrity, cash flow stability, debt coverage, grant compliance, and board confidence. This role is not simply accounting oversight — it is executive-level financial leadership.

Key Responsibilities

Financial Strategy & Organizational Oversight

• Develop and manage 12-month rolling cash flow forecasts
• Monitor debt service coverage across the organization’s full rental portfolio
• Lead reserve planning and capital stabilization strategy
• Conduct monthly budget-to-actual analysis across departments and programs
• Perform financial risk analysis and provide mitigation recommendations
• Support executive leadership with long-term financial sustainability planning

Audit & Internal Controls

• Lead annual audit preparation and coordination
• Ensure monthly reconciliations are completed and reviewed
• Review consolidated financial statements prior to audit submission
• Strengthen internal controls and prevent material weaknesses
• Oversee preparation of the Schedule of Expenditures of Federal Awards (SEFA) and Schedule of Functional Expenses

Grant Financial Compliance

• Review grant draw packages prior to submission
• Monitor expenditure rates and spending timelines
• Ensure proper cost allocation and administrative percentage tracking
• Ensure compliance with OMB Uniform Guidance (2 CFR 200)
• Protect the organization against disallowed costs
• Oversee financial compliance across federal, state, and local funding sources

Board & Executive Reporting

• Prepare monthly board financial packages
• Present executive summary narratives and variance explanations
• Provide capital planning and portfolio performance updates
• Strengthen financial transparency and stakeholder confidence

Oversight of Accounting Operations

• Supervise accounting and finance staff
• Review Accounts Payable and Accounts Receivable weekly
• Approve major disbursements
• Ensure clean documentation and proper segregation of duties

Qualifications

• Bachelor’s Degree in Finance, Accounting, or related field (Required)
• CPA or MBA (Strongly Preferred)
• Minimum 5 years of progressive financial leadership experience
• Experience with nonprofit financial management preferred
• Strong knowledge of OMB Uniform Guidance (2 CFR 200)
• Experience managing federal and state grant compliance
• Experience leading audits
• Experience overseeing multi-property portfolios preferred

Benefits

• 401(k) with company match
• Health, dental, and vision insurance
• Life insurance
• Paid time off

Work Schedule

• 8-hour shift
• Occasional evenings or weekends as needed
• Must be able to commute or relocate to Port Arthur, TX

Legacy CDC is dedicated to strengthening communities through housing stability and financial empowerment. We are seeking a financial leader who is mission-driven, detail-oriented, and prepared to build strong systems that support long-term organizational growth.

Pay: $75,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Professional development assistance
• Vision insurance

Education:

• Bachelor's (Required)

Experience:

• Financial Leadership: 5 years (Required)

Work Location: In person