ABOUT ALCO

ALCO is an owner, developer, and manager of affordable housing communities across the Southeast. For nearly 50 years, we have worked to build community by focusing on providing quality affordable homes to residents and quality jobs to employees.

ALCO currently owns and manages just over 60 apartment communities in nine states. Our development effort focuses on the preservation of affordable apartments through extensive renovations. Our organizational structure has three primary divisions: Systems (Accounting and IT), Growth (Asset Management and Development), and Operations (Property Management, Compliance, and Learning & Development). Organizationally, ALCO is made up of a number of operating companies, investment companies, and single purpose entities that own properties. Our next Chief Financial Officer will be an integral part of the ALCO’s continued success in our work to provide quality homes to residents and quality jobs to employees.

SUMMARY OF POSITION

The Chief Financial Officer is responsible for planning, implementing, and directing the financial activities of the company in accordance with the companys mission of providing quality affordable apartment homes and quality jobs while maintaining corporate sustainability and regulatory compliance. The Chief Financial Officer supervises operations activities in Alcos Systems Division including the Accounting and Information Technology departments, ensuring efficient and effective operations, employee development, and values alignment to meet current and future needs of the organization.

ESSENTIAL FUNCTIONS OF THE POSITION
Financial Leadership
a. Tracks and reports on financial performance of corporate entities, as impacted by 60+ properties, by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.
b. Develops financial strategies by forecasting capital, facilities, and staff requirements, identifying monetary resources, and developing action plans.
c. Maintains expertise of industry trends and regulatory changes as they impact financial needs and capacity of individual properties and company as a whole.
d. Supervises and leads Corporate Controller, ensuring accuracy of corporate audit and tax returns and coordination of ownership group returns.
e. Provides oversight and analysis of Jemison Family funds and investments.
f. Maximizes return on invested funds through partnerships with external advisors.

Systems Division Leadership
a. Leads Systems Division by establishing, developing, and monitoring team culture and objectives in line with organizational mission, supporting staff in their development, and connecting across divisional boundaries with Operations and Growth Divisions.
b. Supervises and leads Director of Accounting, providing direction, accountability, and support to ensure that accounting team structure, services, and systems further Alcos mission by meeting company needs, expanding company capacity and developing team members. This includes oversight of the preparation of individual property audits and tax returns, the preparation of property cash flow and reserve projections, the monitoring of property performance and cash needs, and the accounting software engagement.
c. Supervises and leads Director of Information Technology, providing direction, accountability, and support to grow Alcos IT capacity in service of company objectives by providing for IT needs across the company, expanding corporate security and technological capacity, and developing team members.
d. Maintains relevant industry knowledge by remaining aware of new regulations, participating in educational opportunities, and pursuing opportunities for professional development within affordable housing industry.

Corporate Leadership
a. Furthers Alcos mission of providing quality jobs by providing opportunities for employee growth and development, advocating and practicing open and direct communication within and between teams, and elevating and responding to employee needs.
b. Furthers Alcos mission of providing quality homes by engaging with Alcos apartment communities and with the Operations Division team members, ensuring corporate financial health, and monitoring the capacity of both individual properties and corporate entities to finance and maintain property improvement.
c. Active participant in leadership group, participating in development of corporate strategy and impact, engaging with and elevating others perspectives, and working with Growth and Operations Divisions towards shared goals.

4. Other duties as assigned. This list is not exhaustive, but indicative of the duties.

WORK ENVIRONMENT
The Chief Financial Officer will report to the Chief Executive Officer and supervise the Director of Accounting, Director of Information Technology, and Corporate Controller. They will work closely with the Chair of the Board, and the leaders of the Operations and Growth Divisions. This position is based out of Alcos office in downtown Memphis and will require some travel for industry events and property visits.
INTERNAL AND EXTERNAL RELATIONSHIPS
Internally, the Chief Financial Officer will work closely with the CEO, the Chair of the Board, Accounting and IT team members, Senior Vice President of Operations, Vice President of Property Management and other members of the Leadership and Strategy Teams. They will build connections with employees across the company, including Community Managers and Corporate Office employees.
Externally, the Chief Financial Officer will have contact with organizational consultants, auditors, lenders, investors, owners, and other capital partners.

CHALLENGES

The main challenge will be maintaining operational efficiency and adherence to the company mission while balancing the needs of a large and dispersed workforce, a complex regulatory environment, and a diverse portfolio of properties.

KNOWLEDGE & SKILL REQUIREMENTS

Experience & General Requirements:
Strong leadership and employee development skills, including experience developing employees they manage
Superior financial and analytical reasoning and knowledge of corporate financial requirements, including experience managing high level corporate financials
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Excellent communication and interpersonal skills, including a readiness to communicate openly and directly around problems and come to a collective solution
Strong GAAP and financial reporting technical skills
Superb organizational skills, and attention to detail
Proficient with Microsoft Office Suite and financial management software systems.
Experience in affordable housing real estate management is a significant advantage but not required
Equipment Operation
Computer and Office Equipment

Education
MBA or bachelors degree in business, finance, accounting, economics, or equivalent experience.
Certified Public Accountant certification a plus.
Minimum 10 years experience in accounting and financial management practice