Insurance Benefits: Dental, Life, Long-term Disability, Medical
Other Benefits: Employee Assistance Program (EAP), Flexible Spending Account (FSA), ORCA card subsidy, Paid Time Off (34 days per year), Retirement Plan
To be considered, all applicants must submit a cover letter describing their interest and motivation for working in this role for DESC. Please also describe your level of experience and expertise in financial management in the areas of: non-profit accounting and government contract compliance, federal low-income housing tax credits, Medicaid and other health insurance, unionized workforce. For each area, state your experience/expertise on a scale of 1-4 representing new (1), some experience (2), proficient (3), expert (4).
JOB DEFINITION
Under the supervision of the Executive Director, the Chief Financial Officer (CFO) is responsible for all DESC financial matters. The CFO oversees the management of DESC's budgeting, financial analysis, accounting activities, and cash, investments, debt, and other financial matters. As a Senior Director, the CFO participates in planning, coordination and management of agency activities.
About DESC:
Recognized nationally as an innovator and leader in developing solutions to homelessness, DESC is a social services organization, supportive housing operator, and licensed behavioral health treatment provider focused on meeting the needs of people experiencing long-term homelessness and living with complex behavioral health and other medical conditions. Approximately 3,000 people are actively receiving services from DESC at any given point in time.
DESC operates in two dozen facilities, most of them owned by DESC and others leased for offices and/or client service spaces. DESC's owned portfolio includes 17 permanent supportive housing facilities with over 1,500 units. Some of those buildings have additional uses including behavioral health clinics, administrative offices, and commercial/retail tenants.
DESC holds licenses to provide a range of behavioral health services, including outpatient mental health and substance use disorder treatment, residential crisis stabilization, and other services. Services also include street outreach, mobile crisis response, and medications for opioid use disorder. Behavioral health staff hold a range of credentials: certified peer counselors, behavioral health case managers, mental health professionals, nurses, nurse practitioners, doctors, and others.
The full-time regular staff count is over 1,000. Additional personnel are used for fill-in coverage as needed. Most staff are represented by a labor union.
DESC's finances are complex. The overall operating budget for DESC and related entities is $130M. Sources include dozens of active government contracts, Medicaid, rent and rent subsidies, and private fundraising. Sources for DESC's existing and in-development real estate projects include equity investment in Low-Income Housing Tax Credits awarded to DESC, long-term loans from multiple government agencies, and private donations.
Major Duties and Responsibilities
Oversee the development and monitoring of budgets.
Ensure maintenance of appropriate internal controls and financial procedures.
Oversee cash flow planning and ensure availability of funds as needed.
Oversee cash, investment, debt, and other financial asset management.
Oversee financing strategies and activities, as well as banking relationships.
Oversee the accounting department to ensure proper maintenance of all accounting systems and function; directly supervise the Controller.
Directly supervise the Finance Director.
Oversee hiring, orientation, supervision, training, development, and evaluation of staff in area of responsibility.
Oversee the financial aspects of Low-Income Housing Tax Credit properties including construction accounting, cost certification audits, annual partnership audits and tax returns, and ongoing investor reporting requirements.
Develop and utilize financial analysis tools to provide insight into the organization's operations and business plans.
Develop financial business plans and forecasts.
Participate in long-term strategic planning for the organization, leading on financial planning and exploring new financing opportunities.
Oversee management of agency property and liability insurance policies and claims reporting.
Lead and/or participate in various risk mitigation activities for the organization.
Participate in organizational policy development as a member of the senior management team.
Prepare financial information and analysis for the board of directors; attend board meetings and interact with board members directly as assigned.
Ensure timeliness, accuracy, and usefulness of financial reporting for governmental and other funders; oversee the preparation and communication of monthly and annual financial statements.
Represent the organization to financial partners, including financial institutions, investors, foundation executives, auditors, etc.
Remain up to date on nonprofit audit best practices and state and federal law regarding nonprofit operations.
Coordinate audits and proper filing of tax returns.
Ensure legal and regulatory compliance regarding all financial functions.
Other duties as assigned.
Requirements:
Minimum Qualifications
Bachelor's degree in business, finance, accounting, or equivalent required
At least eight years experience in a senior financial-management role, preferably in a non-profit organization with a budget of at least $40 million
Significant experience in or knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance, and reporting
Deep knowledge and understanding of relevant federal audit regulations
Experience working with information technology staff to manage finance and accounting software packages
Excellent written and oral communication skills with people across a wide variety of backgrounds and disciplines
Demonstrated leadership ability, team management, and interpersonal skills
Excellent analytical and abstract reasoning skills, plus excellent organization skills
Subscription to the value of cooperation and continuity across programs and of consideration and respect for clients
Preferred Qualifications
MBA or equivalent
CPA
Low-Income Housing Tax Credit experience
Health care finance experience
Collective bargaining agreement experience
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee will be required sit for long periods of time, communicate with other persons by talking and hearing, required to lift and carry items weighing up to 25 pounds and to operate computer hardware systems. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
EQUAL OPPORTUNITY EMPLOYER
DESC is committed to diversity in the workplace, and promotes equal employment opportunities for all staff members and applicants. The Agency will not discriminate against any employee or applicant for employment on the basis of race, creed, color, sex, gender, sexual orientation, age, national origin, caste, marital status, or the presence of any sensory, mental or physical disability in any employment practice, unless based on a bona fide occupational qualification. Minorities and veterans are encouraged to apply.
