Director of Finance
Somerville Homeless Coalition
Position Type: Full-Time (Paid)
Primary domain: Housing/Shelter
Postal code: 02144
Country: United States
$3M - $10M
The mission of the Somerville Homeless Coalition is to provide homeless and near homeless individuals and families with individualized supportive services and tailored housing solutions with a goal of obtaining and maintaining affordable housing.
Somerville Homeless Coalition, Inc. (SHC)
Position: Director of Finance
Hourly Rate or Yearly Salary: $80,000 salary
FLSA Status: Exempt
Supervised by: Executive Director
Work Location: Based at 1 Davis Square, Somerville, MA
Founded in 1985, the Somerville Homeless Coalition (SHC) provides homeless and nearly homeless individuals and families with the individualized supportive services and tailored housing solutions with a goal of obtaining and maintaining affordable housing. The Somerville Homeless Coalition operates basic needs response programs such as a Family Shelter, Adult Shelter, Street Outreach and Project SOUP Community Food Center. We also provide extensive case management and housing search assistance for homeless families and individuals, permanent supportive housing, and homeless prevention services. Last year, SHC's services, resources and support benefited over 3,000 people within our community.
The Director of Finance is a strategic thought and business partner reporting to the Executive Director. The successful candidate will be a hands-on and an absolute participative manager, leading a department to support grant management, finance, business planning and budgeting, compliance, and financial risk management. This position also provides guidance and support for human resource functions such as payroll processing, commercial insurance, employee benefits, and information technology (IT).
The Director of Finance plays a critical role in collaborating with senior leadership and program managers in strategic decision making and management of operations to support the organization’s quality programming and capacity. The person holding this position will be trusted and expected to personify the agency’s mission, vision, and values.
Description Supervisory Responsibilities: One (1) supporting staff accountant.
Essential Functions of Job:
- Prepare, analyze, monitor and present a variety of financial statements in an accurate, meaningful and timely manner
- Clearly communicate weekly, monthly, quarterly and annual financial statements (e.g. Cash Report, P&L, Balance Sheet, Cash Flow) and translate complex financial data to non-finance personnel
- Collate financial reporting materials for all government grantor and private donor segments
- Provide oversight for all financial program and grants accounting
- Establish, develop, lead, and mentor a finance department with a client centric focus as a way to support the programs and management staff with data and reports they need to effectively manage operations
- Work closely with program managers, providing financial oversight to ensure programs are properly funded and administrative and development costs are minimized
- Coordinate and lead the annual Single Audit process and liaise with external auditors and the finance committee of the board of directors
- Effectively synthesize, communicate and present complex financial matters to the board of directors and related sub-committees
- Mindful of budget constraints, and ability to think creatively about how to achieve the mission with limited resources while delivering maximum impact.
- Collaborate with development team in creating budgets for proposals
- Adhere to procurement and purchasing standards, and facilitate the procurement of goods and services
- Lead and oversee a well-planned out and timely annual budgeting and planning process in conjunction with the Executive Director and program managers
- Monitor progress and changes to financial plans and budgets to keep senior leadership team abreast of the organization’s financial status
- Manage and report organizational cash flow and provide accurate forecasting
- Manage complex local, state and federal grants and contracts, while ensuring compliance with financial and other codified regulations
- Ensure grants and contracts billing/invoicing and collection schedule is adhered to in a timely manner
- Oversee, adhere to, and ensure ongoing compliance with quality control, policies and procedures, internal controls, and segregation of duties over all fiscal matters
- Recommend, update, and implement all necessary business policies, procedures, and accounting practices
- Proven effectiveness in developing and implementing sound allocation methods in compliance with government standards
Confidentiality: Employee has all access and administrative permissions at departmental level to a variety of highly confidential and sensitive information. Employee will have standard access to other organizational level programs, networks, and systems, which also have a variety of highly confidential and sensitive information.
Workdays/Hours: 40 hours a week. Typical hours occur within range of 9am-5pm, M-F however, may vary for auditing or board meetings. Offices are based at 1 Davis Square; Red Line walking distance.
Physical Requirements: 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.
This position is at the administrative offices (onsite).
- Employee is frequently in a seated position, up to 3 hours at a time, and will be required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.
- Basic office movement.
- Some light lifting of office equipment or supplies, minimal.
- Generous Medical and Dental, Employer/Employee split 80/20
- Generous Paid Time Off, (i.e. 5 weeks vacation off yearly for Directors)
- Paid Basic Life, AD&D and Long-Term Disability
- Paid on street permit parking
Somerville Homeless Coalition is an EEO/Affirmative Action Employer.
This job description is subject to change by the employer as the needs of the employer and/or requirements of the job change.
- Experience with governmental grants with agencies such as HUD, DPH, DHCD, as well as private grant funding sources.Demonstrated ability to track, monitor and report on program costs and related cost reimbursement accounting.
- Experience with final responsibility for quality and content of all financial data, reporting and audit coordination (Form 990, Form PC, UFR)
- Proven track record in grants management and compliance in accordance with Uniform Guidance requirements with agencies such as HUD, DPH, DHCD, as well as private grant funding sources
- Demonstrated ability to accurately assign, monitor and report on program revenue sources, costs and related cost reimbursement accounting
- Ability to translate complex financial concepts to – and to effectively collaborate with – programmatic and fundraising colleagues, including a Board of Directors, who do not necessarily have finance backgrounds
- Extensive experience using all aspect of a complex fund accounting software such as Abila MIP
- Successful track record in setting priorities; keen analytical, organizational and problem-solving skills which support and enable sound and data driven decision making
- Excellent communication, presentation and relationship building skills with an ability to prioritize, negotiate, and work with a variety of internal and external stakeholders
- A detail oriented multi-tasker with the ability to wear many hats, adapt within a fast-paced environment, and adhere to deadlines
- Personal qualities of integrity, credibility, reliability, creativity, flexibility, open-mindedness, positive disposition, and dedication to the mission of the Somerville Homeless Coalition
- A professional with a strong work ethic who is extremely motivated and willing to continuously take initiative and follow through with tasks without being prompted
- Holds a belief in collective strength and the power of shared work, constant and courageous learning, celebrating our victories and each other. Committed to stepping up as a leader in our common vision.
- Minimum of a Bachelor’s degree; advanced degree or professional designation desirable
- Minimum of 7-10 years of overall professional experience, including 2-3 years of broad financial and operations management experience in an organization of similar size.
- CORI required
- Car is not required
$75k - 90k
Posting Expiration Date:
How to Apply:
Send cover letter and resume to
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