Director of Finance for Community Development Nonprofit

Job Title: Finance Director

Job Overview

Join our esteemed nonprofit organization, which has been dedicated to uplifting the Philadelphia community since 1970. As a Finance Director, you will play a pivotal role in overseeing accounting functions, including Low-Income Housing Tax Credits (LIHTC), while ensuring the accuracy and timeliness of all fiscal activities. Reporting directly to the Chief Financial Officer (CFO), you will be instrumental in shaping financial strategies that empower families to achieve their potential.

Key Responsibilities

• Produce detailed reports for the CFO, such as monthly, quarterly, and annual financial statements.
• Develop, assess, and maintain the financial accounting policies and procedures manual, supervising payroll, cash disbursement, and receipts.
• Conduct routine audits of internal controls and organizational policies to ensure compliance with federal, state, and city regulations.
• Review and manage the chart of accounts, establishing new accounts and ensuring timely reconciliations of the general ledger.
• Organize the annual property inventory process and its reconciliation with the general ledger.
• Oversee the preparation and review of the indirect cost allocation plan.
• Ensure the timely submission of all required federal and state tax forms, including 990, 941, 940, and 1099.
• Prepare documentation and analyses needed for the annual financial audit, including draft financial statements and footnotes.
• Process monthly payments and accurately record transactions in the accounting system.
• Analyze and maintain general ledger accounts, preparing adjusting entries as necessary.
• Collaborate with various teams and external partners to ensure effective transitions and program financial tracking.
• Oversee program expenditures and approve transactions in the NetSuite accounting system.
  
  

Required Skills

• Bachelor’s degree in Accounting or a related discipline.
• A minimum of 4 years of accounting experience with a progressive increase in responsibility.
• At least 2 years of experience in community development, affordable housing, or a related nonprofit sector.
• Proficiency in governmental accounting procedures and practices.
• Strong understanding of community development financial programs, including LIHTC.
• Familiarity with generally accepted accounting principles (GAAP) and nonprofit/government accounting standards (GAAS).
• Excellent written and verbal communication skills.
  
  

Qualifications

• Demonstrated integrity, a strong work ethic, and meticulous attention to detail.
• Proficient in computer skills, including knowledge of Property Management software and the Microsoft Office Suite.
  
  

Career Growth Opportunities

Our organization is committed to your professional development and offers avenues for growth, including access to the Public Service Loan Forgiveness Program and various employee assistance resources.

Company Culture And Values

We pride ourselves on fostering a diverse and inclusive workplace that values collaboration and integrity. We empower our staff to make meaningful contributions to the communities we serve.

Compensation And Benefits

• Health Insurance through Independence Administrators or a $100/month reimbursement with proof of current insurance.
• Vision and Dental Plans.
• Basic Life Insurance (100% Employer Funded).
• 403B Retirement Plan with Company Contribution.
• Flexible Spending Accounts for Health, Childcare, and Public Transportation expenses.
• Employee Assistance Program, offering free counseling, training, webinars, and other resources.
• Short-term and Long-term Disability Insurance.
• Employee Referral Program.
• 20 Days of Paid Time Off (including illness, vacation, appointments, and emergencies).
• 12 Days of Paid Holidays.
  
  

Employment Type: Full-Time