Chief Financial Officer
Company: ACG Cares
Location: Seattle
Posted on: September 25, 2024
Job Description:
Days Off: Saturday, Sunday Shift: Office Day 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.
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Keywords: ACG Cares, Kent , Chief Financial Officer, Executive , Seattle, Washington
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