Director of Finance

About Hope Community

Hope Community, Inc. is a community-based, non-profit affordable housing based in East Harlem and founded in 1968. Hope Community enriches the lives of the people who live and work in East Harlem and surrounding neighborhoods through economic development, cultural arts, and social services partnerships.

In addition to developing new and rehabilitating existing affordable housing and owning and operating over 1,250 units of affordable housing, Hope Community strives to transform East Harlem’s social fabric by supporting resident- and community-facing programs that enhance lives and contribute to the growth of local businesses.

Hope Community utilizes a hybrid work environment, with staff in our East Harlem office 3 days per week and remote 2 days per week.

About the Director of Finance Role

Hope Community is at a crucial point in its lifecycle and is seeking a Director of Finance (DoF) as a strategic partner to the Executive Staff & Board of Directors.

About $19M flows annually through Hope Community and our 10 affiliated entities. The DoF will lead hands-on day-to-day operations in our GL nonprofit accounting operations, as well as financial forecasting. The DoF’s early focus will be process improvement, developing our first multi-year forecast, improving internal controls, and mentoring a dynamic team.

As a member of the executive team, the DoF will manage our five-person Finance Department: a Controller, Senior Accountant, Staff Accountant, and A/R Bookkeeper.

The DoF must possess knowledge of budgeting, cash flow, and GAAP, CAS, and FASB compliance in the real estate space across multiple legal entities, as well as proficiency in YARDI property management software. We are looking for someone who is a creative problem solver, is comfortable with complexity, is a strong communicator, and can work fast, to a high standard and within tight deadlines.

Key Responsibilities of the Role

  • Financial Planning: Skilled in short- & long-term strategic planning and financial forecasting within multi-entity environments, collaborating with internal stakeholders including Directors of other departments.
  • Accounting:
    • Fund accounting, accounts payable, accounts receivable, payroll, fixed assets, general ledger, financial statements, cost centers, chart of accounts & distribution, AdHoc from Executive Director.
    • Journal Entries booking monthly activities for properties, & rents, & reporting financials within GL, performing reconciliations, ensuring accuracy, have created upload, data entry within the system, with month-end reporting.
    • Knowledge in revenue accounting operations, deferred, and expense accounting allocation practices.
  • Cash Flow Management: Oversee the day-to-day operations, review and reconciliation of cash to accrual transactions, and bank statements.
  • Fund Accounting Management: Oversee Fund Accounting Management daily operations, an overview of restrictions, monitor variance, and reconciliation.
  • Process Improvement: Proven success in developing & streamlining process improvements within accounting operations, establishing policies, processes, and internal controls.
  • Audits: Lead any audits of our legal entities with external auditors, including overseeing the audit schedules & deliverables and developing & managing the documentation of all individual, business, foundation, donations, and government grants, financial records, and contracts, among others.
  • Asset Analysis: Fixed Asset Analysis, reconciliation, liabilities, and fund balances overview monitoring.
  • Team Management: Lead and coach our Finance team, which manages multiple and often simultaneous tasks. Create a work environment recognized for a high level of organization, timeliness, cost-effectiveness, accuracy, and results.

Qualifications for the Role

Education:

  • Bachelor’s degree in business administration, accounting, or finance.
  • Certified Public Accountant designation or Master’s degree in Business Administration, Accounting, Finance, or similar equivalent preferred.

Experience:

  • At least 4 years of experience as a Director of Finance or similar role, ideally in the real estate industry and ideally in a non-profit environment.
  • At least 10 years of work experience in hands-on full-cycle GAAP nonprofit accounting operations experience—a background in Affordable Housing, HUD, CRE Tax, and Property Accounting is also helpful.
  • Prior experience working for a CPA firm as senior accountant, preferred.
  • Experience in the key responsibilities listed above.
  • Experience with the YARDI property management system.
  • Excellent verbal and written communication skills with the ability to convey complex financial concepts and data.
  • Excellent organizational skills and attention to detail, as well as the analytical ability to develop and implement improvements, as needed—and the ability to manage multiple projects and competing deadlines.

 

Salary + Benefits

Salary for the role is $140,000 to $150,000.

Health benefits, including PPO plans for $1 per month for employees. Dental, vision, 401k, commuter, parking, and additional benefits.

25 days of vacation + sick leave (which increases after the first year of employment), plus 11 paid holidays.

Hybrid work schedule, of 3 days a week in our East Harlem office and 2 days remote.

To Apply

Email your resume—as a PDF—to nstabile@hopeci.org with the subject line “Director of Finance, Application.” Feel free to include a cover note, if you’d like, though it is not required.