Director of Finance

Company: Community House Mental Health Agency
Location: Seattle
Posted on: November 15, 2024

Job Description:

Job Title: Director of Finance
FLSA: Exempt
Supervisor: Chief Executive Officer
Compensation: $135,000-$175,000 per year
Here at Community House Mental Health Agency, we strive to provide a supportive family atmosphere in Seattle and King County for people with severe and persistent mental illness. Each person who walks through our door has a unique story, and we believe that everyone deserves to feel welcomed and valued.
Community House has an outstanding opportunity for a Director of Finance. The Director of Finance is a member of the executive leadership team and has overall responsibility for the finances and financial strategy in coordination with the CEO of Community House. Working as a collaborative leader, the Director of Finance is responsible for managing and reporting in coordination with the CEO on all fiscal and fiduciary affairs of the organization, including reporting to investors, lenders, grantors and government agencies; cash and investment management; budgeting and forecasting; and managing the day-to-day operations of the accounting department. They will collaborate with the Chief Executive Officer (CEO) and other senior staff to develop and implement the organization's business plan to meet its strategic goals. The Director of Finance recommends the financial strategy for reaching the organization's goals, monitors and analyzes financial results. In addition to the Director of Finance supervises a department with three full-time and one part-time staff.
At Community House, we value a strong work-life balance and aim to provide the best support for our workers. As a CHMHA employee, you will have access to a range of unique benefits, such as company-paid medical/dental/vision/disability insurance, a 403B retirement plan with employer match, continuing education credit, a personal unlimited ORCA card, and an employee assistance program with financial, mental, and legal assistance.
RESPONSIBILITIES:
Organizational Strategy and Results:

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• Together with the CEO and executive leadership team, develops the strategy to ensure that the organization has the financial resources needed to achieve its current and future goals, while mitigating financial and operational risk.
  
• Serves as the convener of the finance/audit and investment committees.
  
• Develops and maintains effective working relationships with key financial partners including funders, investors, partners, government agencies, consultants, and vendors.
  
  Financial Management and Reporting:
  
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  • Oversees organizational budgeting, accounting, and cash management to ensure accurate reporting, interpretation, and analysis of financial results in conjunction with forecasts and long-range plan.
    
  • Manages and supports the preparation of the annual consolidated corporate audits and tax returns.
    
  • Establishes and maintains controls to safeguard assets; documents and recommends improvements to internal financial policies and procedures.
    
  • Develops and completes timely financial statements and reports on transactions and/or information requests.
    
  • Manages and monitors the organization's cash flow and coordinates with the Director of Facilities on capital needs and reserves for organization properties.
    
  • Optimizes the investment of a $2 million endowment funds in accordance with the Company's Investment Policy.
    
  • Supervises the Controller and accounting staff 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.
    
  • Maintains various liability and insurance policies.
    
    Real Estate Development and Asset Management:
    
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    • Works collaboratively with CEO and Director of Facilities, Acquisition, and Rehabilitation to review potential acquisitions, debt, equity and public subsidy proposals and partnership/operating agreements.
      
    • Reviews key legal agreements, including mortgages, loan documents, subordination agreements and guarantees as part of a financing and construction loan closing that may involve Low Income Housing Tax Credits, Historic Tax Credits, New Markets Tax Credits, bond financing, public subsidies and contracts, and/or private debt.
      
    • Works with Low-Income Tax Credit investors and lenders as they monitor operating performance and compliance of the Company's affordable housing portfolio.
      
      Board and Committees:
      
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      • 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:
        
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        • At least 5 years of demonstrated relevant finance and accounting experience, with at least 2 years' experience with both technical and management proficiency in operations of a real estate development.
          
        • BA or MBA in Finance or Accounting required; other additional relevant advanced degree and/or certification, such as a CFA or CPA are highly preferred.
          
        • Knowledge and experience with real estate accounting and finance, preferably in affordable multi-family housing with experience with HUD PRAC/HAP projects.
          
        • Use of collaborative and facilitative approach and the flexibility to work with a broad range of cultures, personalities, and work styles.
          
        • 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.
          
        • Ability to demonstrate the greatest level of flexibility in an environment with frequent changing priorities required to meet the needs of Community House internal and external stakeholders.
          
        • 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, Sage 50 accounting software programs, and network systems.
          
        • Minimum 2 years supervisory experience.
          
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Keywords: Community House Mental Health Agency, South Hill , Director of Finance, Accounting, Auditing , Seattle, Washington