Director of Finance

Job Overview

We are looking for a highly skilled Finance Director to join our esteemed nonprofit organization, which has been dedicated to uplifting the Philadelphia community since 1970. This pivotal role reports directly to the Chief Financial Officer (CFO) and encompasses a variety of accounting functions, including Low-Income Housing Tax Credits (LIHTC). Your contributions will be instrumental in ensuring the accuracy and timeliness of our financial operations and reporting, while supervising a dedicated team.

Key Responsibilities

• Generate and present detailed financial reports for the CFO, encompassing monthly, quarterly, and annual statements.
• Establish, assess, and maintain the financial accounting policies and procedures manual, while overseeing payroll, cash disbursement, and receipts.
• Conduct regular assessments of internal controls and organizational policies to guarantee compliance with federal, state, and local regulations.
• Review and update the chart of accounts, create new accounts as necessary, and maintain an accurate general ledger.
• Coordinate the annual inventory and perform reconciliations with the general ledger.
• Prepare accounting records for various subsidiary entities.
• Oversee the development and review of the indirect cost allocation plan.
• Ensure the timely submission of all required federal and state tax documents for the organization and its subsidiaries.
• Prepare necessary schedules and supporting documentation for the annual financial audit, including drafting financial statements and footnotes.
• Process monthly payments and accurately record transactions in the accounting system.
• Analyze and maintain general ledger accounts, making adjusting entries as required.
• Assist with the implementation of the NetSuite cloud-based accounting system.
• Prepare budgets, forecasts, and cost allocation plans, including any revisions.
• Monitor budget adherence against actual expenditures and track contract cost limits.
• Collaborate with funders and auditors to address findings and inquiries.
• Maintain custody of grant and corporate documentation.
• Work closely with Property Management and Community & Economic Development teams, particularly during transitions.
• Engage with state and local agencies, lenders, investors, and funding partners to facilitate necessary due diligence for financing approvals.
• Oversee program expenditures and approve transactions within the NetSuite system.
  
  

Required Skills

• Bachelor’s degree in Accounting or a related field.
• A minimum of 4 years of progressive accounting experience, with at least 2 years in community development, affordable housing, or a related nonprofit sector.
• Proficient knowledge of governmental accounting procedures and practices.
• Strong understanding of community development financial programs, including LIHTC and federal/state tax credit and subsidy programs.
• Excellent work ethic, attention to detail, and integrity.
• Familiarity with generally accepted accounting principles (GAAP) and nonprofit/government accounting standards (GAAS).
• Proficient in computer skills, including experience with Property Management software and the Microsoft Office Suite.
• Strong written and verbal communication abilities.
  
  

Career Growth Opportunities

Our organization is committed to fostering continuous professional development and offers employees various avenues for advancing their skills and careers. Joining our team not only enhances your expertise but also provides a fulfilling opportunity to contribute to a vital mission.

Company Culture and Values

We pride ourselves on cultivating a collaborative and inclusive environment that values diversity and encourages the sharing of ideas. Our goal is to improve the lives of the families and individuals we serve, and we welcome applicants from all backgrounds who are aligned with our mission.

Compensation And Benefits

We offer a competitive salary commensurate with experience, along with a comprehensive benefits package that supports the health, well-being, and financial security of our employees. Benefits include:

• 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, including free counseling, training, webinars, and additional resources.
• Eligibility for the Public Service Loan Forgiveness Program.
• Voluntary plans for Accident, Critical Illness, and Hospital Indemnity.
• 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