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. Working as a collaborative leader, the Finance Director is responsible for 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; and supervising accounting and ensuring the regularity of accounting and fiscal procedures.
The Finance Director is hired by and reports to the Executive Director, as well as, working closely with the entire staff consisting of: Operations Manager, Director of Asset Management, Program Manager, and Resident Education & Outreach Coordinator.
ABOUT San Francisco Community Land Trust
The San Francisco Community Land Trust (SFCLT) is a nonprofit organization whose mission is to create permanently affordable housing for low-to-moderate-income people through community ownership of the land. Guided by the principles of anti-displacement and racial justice, SFCLT stabilizes neighborhoods, and creates greater access to housing and homeownership opportunities with a focus on BIPOC communities previously excluded from access to wealth, and in particular, access to homeownership opportunities.
SFCLT currently owns and operates 14 permanently affordable properties for those of low and moderate income spread throughout San Francisco, including Chinatown,the Mission, the Tenderloin, the Richmond, South of Market, and soon Russian Hill. 73% of our residents are below 80% AMI and 50% below 60% AMI. The 250 residents living currently in our 151 units of housing represent a diversity of races and ethnicities with 70% of our residents identifying as BIPOC.
Core duties and responsibilities:
Organizational Strategy and Results:
Together with the ED 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 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, Director of Asset Management 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 Treasure 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:
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 Director Asset Management 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.
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 maginalized 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.
Job Type: Full-time
*All applicants must be fully vaccinated before starting (2 shots + booster)