Director of Finance

The following information aims to provide potential candidates with a better understanding of the requirements for this role.

Overview :

The Director of Finance for Supportive Housing is a member of the Hebrew SeniorLife Finance Leadership Team and works to support strategic decisions about finance and operations to enhance HSL and the Supportive Housing sites.

This position works directly with the Chief Financial Officer, Chief Operating Officer, Executive Directors and VP of Finance for Senior Living, and is involved in supporting and / or giving presentations to the audit committee and / or senior living committee boards and is also part of the senior management team at all the supportive housing sites.

The Director of Finance is responsible for oversight of all finance, accounting and reporting activities and supervising finance staff.

Hebrew SeniorLife employees set the highest standard in our commitment to redefine the experience of aging. With compassion, resilience, and determination, we make a difference in the lives of patients, residents, their families, and the broad senior care community every day.

And they in ours as well. These life-changing connections give our work meaning and fuel our desire to advance our potential.

To be all that we can be. At Hebrew SeniorLife, that’s uniquely possible. Because here we’re supported to always keep growing.

And as we do, so does our collective impact.

Our benefits include :

• Excellent medical and dental benefits, available on your first day for positions over 24 hours / week
• A 403b retirement plan open to all employees, including per diems
• Generous paid time off
• On-site health and wellness programming
• Tuition reimbursement and scholarships
• An employee recognition program

Responsibilities : Financial :

Financial :

• Analyze and present financial data and monthly results; monitor progress and keep senior leadership abreast of any issues as appropriate
• Lead annual budget and planning process with department directors, review all financial plans and compare actual results with budget to explain and / or correct variances as appropriate
• Manage organizational cash flow, and overall financial health of the supportive housing sites.
• Manage finance staff and oversee the integrity of their entries into the financial system
• Promote cross-training among sites and build a strong, unified team to provide support to each other
• Coordinate audit activity and prepare all schedules as needed
• Serve as primary and / or secondary point-of-contact for review and processing of site-specific DUA claims
• Monitor and manage the escrow accounts to ensure deposits are adequate, and initiate the draws when appropriate
• In conjunction with HSL Controller, coordinates consolidation of organizational finances and financial structures

Compliance :

• Establishment, monitoring and improvement of internal controls
• Respond to MHFA review of FC1 audit filings
• Submit budgets annually to regulatory agencies (MHFA, MHP, HUD, CREA)
• Submit quarterly / annual financials and / or audits to agencies as scheduled
• Track Capital Needs related to most recent Capital Needs Assessment
• Submit to regulatory agencies requests for release of funds from Replacement Reserve Account
• Work with regulatory agencies to ensure financial compliance

Required Qualifications :

• Bachelor’s Degree in accounting or finance with 7-10 years of related financial and managerial experience, CPA license preferred
• Experience in management of the quality and content of all financial data, reporting and audit coordination
• Successful track record in setting priorities; keen analytic, organization and problem solving skills which support and enable sound decision making
• Excellent communication and relationship building skills with ability to prioritize, negotiate and work with varied internal and external stakeholders
• 2-4 years’ experience supervising staff across different campuses preferred
• Commitment to mentoring, training and retaining a diverse team; the foresight and ability to delegate accordingly
• Requires strong organizational skills, ability to work as part of a team, and the ability to work independently
• Experience coordinating audit activities and managing reporting, budget development and analysis, accounts payable and receivable, general ledger and payroll
• Strong computer skills (Excel and Word) and experience working with accounting software required
• Prior experience in property management, HUD and / or MassHousing subsidized environment preferred
• Experience with Yardi accounting and management software package for affordable housing preferred

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