Community Real Estate (CRE) Finance Director

Job Description

Job Description

Salary : $160,000 - $190,000

Title : Community Real Estate (CRE) Finance Director

Reports to : Chief Finance Officer

Pay range : $160,000 - $190,000

Location : San Francisco, CA. This is a hybrid position, and candidates must be able to work three days per week in our San Francisco office.

Apply here : https : / / medasf.bamboohr.com / careers / 183

JOIN OUR MEDA TEAM

Mission Economic Development Agency (MEDA) is a community-based, local economic development organization that, for 50 years, has engaged individuals and small businesses in community-building strategies.

We aim to achieve economic justice for San Francisco's low and moderate-income Latino families through asset development.

MEDA’s work has centered on equity. We envision generations of Latino families choosing where to call home, thriving economically, succeeding in learning opportunities, and leading policy and social change toward a more equitable society.

YOUR CAREER OPPORTUNITY

As the leader of MEDA’S CRE finance team, the CRE Finance Director reports to the CFO and is responsible for oversight of all CRE affordable housing finance, accounting, and related reporting activities and provides staffing to the CRE Credit Committee of the Board of Directors.

The CRE Finance Director has functional responsibility for affordable housing development and property management accounting, which includes accounts payable, accounts receivable, banking and treasury management, grant accounting, and property financial statements for management, partners, investors, and financial institutions.

The CRE Finance Director leads all day-to-day CRE accounting operations and directly supervises the CRE Accounting Team.

The CRE Finance Director will ensure that MEDA has the internal controls, systems, and procedures in place to support effective financial operations and safeguard assets.

As a member of the Senior Leadership Team, the CRE Finance Director will work closely with the CRE director and staff, both to provide information on finance and accounting procedures and to continue to explore how the finance function can support the organization and to support its future growth and business planning efforts through modeling and analysis.

Specifically, you will :

• Report to the organization's Chief Financial Officer
• Oversee and coordinate all Community Real Estate financial activities and personnel
• Oversee monthly department reporting and review variance analyses
• Oversee monthly property financial reporting
• Assist with monthly consolidated financial reporting and financial metrics
• Assist with lender reporting and financial compliance
• Review and approve the recording of capital transactions
• Maintain a schedule of commitments and contingencies
• Maintain developer fee schedule and monitor payments
• Monitor project development financing transactions
• Prepare and maintain a 3-year dynamic cash flow projection
• Maintain calendar of reporting requirements and other compliance deadlines
• Work with co-development partners to resolve issues
• Review affordable housing project annual audits and tax returns
• Manage annual audit of scattered site affordable housing
• Prepare annual Asset Management Report schedule and calculate surplus cash distribution
• Support annual non-profit organization audit
• Assist with the preparation of the annual department budget
• Review annual small sites operating budgets
• Develop month-end closing procedures, implement internal controls
• Participate in strategic and operational planning
• Maintain relationships with banking institutions, development partners, public accounting
• Ad-hoc reporting as requested

YOUR KEYS TO SUCCESS

To perform successfully in this role, you will need to leverage these key qualifications :

• CPA (California)
• Bachelor’s degree in Accounting or Finance
• 7-10 years previous experience in accounting
• 5 years affordable housing development experience
• 5 years progressive management experience
• Strong analytical and critical thinking skills
• Advanced Excel skills
• Yardi Voyager implementation, administration, super user
• Nonprofit and Sage MIP software a plus

YOUR MEDA EXPERIENCE

Do meaningful work in an innovative workplace while being challenged in your professional growth.

Joining MEDA means having meaningful experiences that develop achievers from across the Mission neighborhood and from within our organization.

We find meaning and fulfillment in our work as we see this community thrive and are driven to achieve better outcomes by challenging ourselves to innovate in our ways of working.

We offer a market-leading benefits program that reflects MEDA’s values and mission. We invest in people’s lives and support our own people’s health and financial well-being.

Our core benefits include :

• Comprehensive medical, vision, and dental insurance for employees and their dependents 100 percent covered by MEDA
• 401(k) plan for employees
• Generous paid time off, a minimum of 20 days for new employees
• Employee Assistance Program that offers free financial or legal counseling to employees or their families
• Other forms of voluntary benefits

Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.