Director of Finance

Position Summary:

The Director of Finance for Supportive Housing is a member of the Hebrew SeniorLife Finance Leadership Team and works to support strategic decisions about finance and operations to enhance HSL and the Supportive Housing sites. This position works directly with the Chief Financial Officer, Chief Operating Officer, Executive Directors and VP of Finance for Senior Living, and is involved in supporting and/or giving presentations to the audit committee and/or senior living committee boards and is also part of the senior management team at all the supportive housing sites. The Director of Finance is responsible for oversight of all finance, accounting and reporting activities and supervising finance staff.

• Ensure that all accounts, ledgers and reporting systems are managed in accordance with GAAP standards and regulatory requirements
• Ensure and maintain internal control and safeguards for receipt of revenue, program budgets and actual expenditures
• Leverage strengths of the current finance team, help clarify roles and develop and implement new processes and responsibilities to maximize and reach optimal organizational goals
• High level of experience in Yardi, MS Office and Excel
• Excellent verbal and written communication skills
• Detail-oriented with ability to work independently and within reporting deadlines
• High level of knowledge of affordable housing reporting requirements
• Communicate with staff, residents and board members in a professional manner; excellent team player

Financial:

• Analyze and present financial data and monthly results; monitor progress and keep senior leadership abreast of any issues as appropriate
• Lead annual budget and planning process with department directors, review all financial plans and compare actual results with budget to explain and/or correct variances as appropriate
• Manage organizational cash flow, and overall financial health of the supportive housing sites.
• Manage finance staff and oversee the integrity of their entries into the financial system
• Promote cross-training among sites and build a strong, unified team to provide support to each other
• Coordinate audit activity and prepare all schedules as needed
• Serve as primary and/or secondary point-of-contact for review and processing of site-specific DUA claims
• Monitor and manage the escrow accounts to ensure deposits are adequate, and initiate the draws when appropriate
• In conjunction with HSL Controller, coordinates consolidation of organizational finances and financial structures

Compliance:

• Establishment, monitoring and improvement of internal controls
• Respond to MHFA review of FC1 audit filings
• Submit budgets annually to regulatory agencies (MHFA, MHP, HUD, CREA)
• Submit quarterly/annual financials and/or audits to agencies as scheduled

• Track Capital Needs related to most recent Capital Needs Assessment
• Submit to regulatory agencies requests for release of funds from Replacement Reserve Account
• Work with regulatory agencies to ensure financial compliance

• Bachelor’s Degree in accounting or finance with 7-10 years of related financial and managerial experience, CPA license preferred
• Experience in management of the quality and content of all financial data, reporting and audit coordination
• Successful track record in setting priorities; keen analytic, organization and problem solving skills which support and enable sound decision making
• Excellent communication and relationship building skills with ability to prioritize, negotiate and work with varied internal and external stakeholders
• 2-4 years’ experience supervising staff across different campuses preferred
• Commitment to mentoring, training and retaining a diverse team; the foresight and ability to delegate accordingly
• Requires strong organizational skills, ability to work as part of a team, and the ability to work independently
• Experience coordinating audit activities and managing reporting, budget development and analysis, accounts payable and receivable, general ledger and payroll
• Strong computer skills (Excel and Word) and experience working with accounting software required
• Prior experience in property management, HUD and/or MassHousing subsidized environment preferred
• Experience with Yardi accounting and management software package for affordable housing preferred