SFCLT seeks a Finance Director
SFCLT is HIRING!
Finance Director
SFCLT seeks a Finance Director to help build and maintain a strong community-based organization.
The Finance Director is a member of the executive leadership team together with the Executive Director, Director of Asset Management and Director of Project Management, and has overall responsibility for the finances and financial strategy of SFCLT.
We are looking for someone with a finance background along with either specifically a real estate finance background OR a real estate bookkeeping background. You need not have both!
Working as a collaborative leader, the Finance Director is responsible for creating and implementing a business plan for our organization; creating budgets; managing and reporting on all fiscal and fiduciary affairs of the organization, including reporting to investors, lenders, grantors and government agencies; cash and loan management; budgeting and forecasting .
If you have a real estate finance background, we are looking for someone who is able to similarly do those things for our real estate portfolio, as well as assist/support the Housing Director in refinance events and locate funds for acquisitions.
If you have an accounting background, we are instead looking for someone to be responsible for all the accounting needs of our growing portfolio of 14 buildings and 145 units (will expand within 6 months to 23 buildings) and to ensure the regularity of accounting and fiscal procedures for all of our buildings, in addition to the core organizational finances.
The Finance Director is hired by and reports to the Executive Director, as well as working closely with the Executive Management: ED, Housing Director, & Operations Director.
CORE DUTIES/RESPONSIBILITIES:
Organizational Strategy and Results:
Together with the ED and executive leadership team, develops the strategy to ensure the organization has the financial resources needed to achieve its current and future goals, while mitigating financial and operational risk.
Serves as a key advisor to the board of directors, and convener of the finance/audit and investment committees.
Together with the ED and executive leadership team, develops and maintains effective working relationships with key financial partners including funders, investors (Bridge loans, and Crowdfunding), partners, government agencies (MOHCD and HAF), consultants, and vendors.
Financial Planning, Management, and Reporting:
Oversees organizational budgeting, accounting and cash management to ensure accurate reporting, interpretation and analysis of financial results in conjunction with forecasts and long range plans.
Leads and works with members of the Credit Committee members to assess risk of future acquisitions.
Works with the ED on developing and executing a Fundraising & Organizational Development Strategy.
Manages and supports the preparation of the annual audit and tax returns together with the Auditor, Bookkeeper, Housing Director and Treasurer.
Oversees and reviews the audit together with the Audit Committee.
Prepares quarterly and annual financial statements together with the Bookkeeper and prepares the Treasurer to present to the Finance Committee and Board of Directors.
Establishes and maintains controls to safeguard assets, as well as documents and recommends improvements to internal financial policies and procedures.
Develops and completes timely financial statements and reports on transactions and/or information requests with the assistance of the Bookkeeper.
Manages and monitors the organization’s cash flow and real estate development capital needs including refinancing of properties.
Supervises the Bookkeeper on day to day operations that includes, but is not limited to, month/year end close, accounts receivable & payable, financial reports, payroll, invoicing, cash receipts and disbursements.
Works with the ED and Treasurer on the Annual Organizational Budget, and works collaboratively with the ED to perform monthly reconciliations and produce balance sheets (and other helpful memorized reports) of the Organizational finances particularly in relation to grants.
Maintains various liability and insurance policies.
Responsible for compliance and regular required (1099) and optional reports (updates on our current financial prospectus) to investors (individual loan providers and crowdfunding investors).
Real Estate Development and Asset Management OR Bookkeeping:
Assists the Housing Director in Asset Management and Housing Finance related issues such as refinance events and locating funds for acquisitions.
Works collaboratively with the ED, acquisitions committee, and finance & credit committee to review and assess the risk of potential acquisitions, debt, equity and public subsidy proposals and partnership/operating agreements.
Together with the ED reviews key legal agreements, including mortgages, loan documents, subordination agreement and guarantees for presentation to the Board of Directors.
Works with the Housing Director to oversee the operations of 151 units of affordable rental housing, 14 properties and third-party property management firms particularly in relation to refinancing, loan compliance, and property specific financial planning. Or if you are not a real estate finance professional but instead someone with accounting skills, we are seeking a Finance Director who can perform bookkeeping for our entire portfolio inclusive of day to day operations such as month/year end close, accounts receivable & payable, financial reports, payroll, invoicing, cash receipts and disbursements.
Board and Committees:
Leads the Finance & Credit Committee meetings.
Attends all Board of Director meetings.
Coordinates activities of the Finance/Audit and Investment committees including developing agendas and providing reports on financial, investment and organizational performance and projections and other information to committee members in a well-organized, accurate and timely fashion.
QUALIFICATIONS/ SKILLS/ EXPERIENCE
The ideal candidate will have experience working with people from diverse socio-economic and cultural backgrounds, will be passionate about the organization’s mission, and be experienced in project management, facilitation, and working independently with accountability to a team.
We hope to hear from candidates who have:
Deep alignment with & enthusiasm for SFCLT’s mission
At least 5 years of demonstrated relevant finance and accounting experience, with at least two years’ experience as a Director of Finance, with both technical and management proficiency in operations of a real estate development organization.
BA or MBA in Finance or Accounting required, other additional relevant advanced degree and/or certification, such as a CFA or CPA CFA, CPA preferred.
Knowledge and experience with real estate accounting and finance, preferably in affordable multi-family housing.
Commitment to community development, helping low income communities and strong work ethic and understanding of nonprofit business models.
Demonstrated experience with design and implementation of enhanced financial systems and procedures.
Demonstrated ability to prepare clear, accurate, well-organized written and financial reports and to communicate verbally in an effective and concise manner.
Proficient in Microsoft Office, accounting software programs, and network administration.
Supervisory experience required.
Commitment to open communication and intentional information-sharing.
Extremely organized and detail-oriented work style.
Ability to maintain a high level of confidentiality.
Excellent written and oral communication skills.
Proficiency in Excel and the rest of the Microsoft Office Suite and Google Suite.
While not required, skills or experience in any of the following areas/activities are desirable:
Rooted in local communities marginalized by gentrification and displacement, including communities of color, low-income, queer, and immigrant residents of San Francisco.
Leadership skills
Master’s degree
SALARY AND BENEFITS
Pay: $100,000-125,000 depending on experience. SFCLT offers competitive vacation, sick leave, and employer sponsored health benefits.
Please send your resume and cover letter to: hiring@sfclt.org. Applications will be reviewed on a rolling basis with a goal to fill this position as soon as possible. We look forward to hearing from you!
Job Type: Full-time
*All applicants must be fully vaccinated before starting (2 shots + booster)