RESPONSIBILITIES: As a member of the leadership team, the Finance Director reports directly to the Executive Director and provides strategic financial planning and leadership to ensure the current and future financial well-being of HomeSight. The Finance Director leads business growth and addresses business trends, changes, and opportunities that may affect HomeSight.
The Finance Director leads daily financial operations of a $3.5M budget and $35M in assets, and ensures that effective and compliant accounting policies and procedures are implemented and maintained. This position supervises two staff members responsible for accounting, cash management, and loan servicing.
Organizational Strategy and Results:
- In collaboration with the ED, the COO, and leadership team, develops the strategy to ensure that HomeSight has the financial resources needed to achieve its current and future goals, while identifying opportunities and mitigating risk.
- This Finance Director develops new strategies and implements plans for diversifying capital and revenue sources, and increasing earned income
- Develops and maintains effective working relationships with key financial partners including funders, investors, government agencies, consultants and vendors.
Financial Management and Reporting:
- Oversees and implements organizational budgeting, accounting, and cash management to ensure accurate reporting, interpretation and analysis of financial results in conjunction with forecasts and long range plans. Manages and works with outside audit firm on the year-end audit, and prepares annual tax returns.
- Establishes and maintains controls to safeguard assets; documents and recommends improvements to internal financial policies and procedures.
- Prepares consolidated financial statements; provides reports, as needed.
Daily Financial Operations
- Prepares annual budget, analyzes impact of budget requests, projects revenue, and produces reports; analyzes actual results against budget and researches variances; interacts with departments on an on-going basis to provide guidance on budget and accounting policies.
- Develops and monitors cash controls and accounting policies and procedures. Reviews, analyzes and revises internal control systems, providing documentation and training as necessary.
- Reports on financial status and responds to inquiries from the leadership team.
- Develops consolidated financial statements and various management reports to comply with outside regulatory agencies and to provide the leadership team with timely information; manages annual audits and coordinates preparation of annual form 990 providing all necessary schedules to the tax preparer.
- Oversees monthly reconciliation and maintenance of all general ledger accounts in preparation of month-end financial statements, including journal entries, estimates relating to normal entries (i.e., depreciation rates & methods, discount on contributions receivable, accounts receivable allowances, etc.) and any special schedules required.
- Evaluates significant accounting adjustments and the impact of adjustments on records, reports, and year-end results.
- Prepares budget projections and financial reports for government and private funders and other investors; supervises preparation of financial summaries and statements for reports to funders and grantors.
- Prepares financial statements in accordance with GAAP.
- Supervises the accountant and loan servicing staff for the mortgage portfolio.
- Manages the overall operation of the Finance department including supervising and training staff.
- Sitting for extended periods of time
- Working with technology such as a computer, printer, etc.
- Driving and air travel
- At least 7 years of demonstrated relevant finance and accounting experience in a nonprofit environment, including extensive experience with the MIP fund Accounting system.
- Bachelor's degree in accounting or finance is required. CPA is desirable.
- Experience in financial management of federal, state, and local government grants and contracts required.
- Effective in working with a diverse and multicultural team of colleagues and customers.
- Direct work experience with budgets, forecasting, financial analysis, and fund accounting is essential.
- Solid knowledge of local, state and federal tax laws and regulations required.
- Knowledge of real estate, banking, and mortgage is helpful.
- Demonstrated ability to prepare clear, accurate, well-organized written and financial reports and to communicate verbally in an effective and concise manner.
- Commitment to community development, helping low income communities and strong work ethic and understanding of nonprofit business models.
- Professional demeanor and willingness to cooperatively participate on a team in a mission-based organization.
- Use of collaborative and facilitative approach and the flexibility to work with broad range of cultures, personalities, and work styles.
- Outstanding interpersonal and written communication skills.
- Demonstrated skill in effectively presenting complex financial and performance information to a wide range of audiences.
- Ability to use relevant information and individual judgment to determine whether issues or processes comply with laws, regulations, or standards.
- Exceptional organization, time management, and delegation skills.
- Intermediate level proficiency with MS Office, especially Word, Excel, Access, and Outlook.
Please send resume and cover letter to Kristin Pula at Kristin@homesightwa.org.
No phone calls please.
HomeSight is a non-profit community development corporation promoting social and economic equity to preserve and enhance economically and culturally diverse communities through affordable homeownership, business development, and community advocacy. We develop affordable housing, provide first-time homebuyer education and counseling, and make loans to qualified buyers. We work closely with resident and business groups in Southeast Seattle to foster equitable economic development.