Director of Finance

Avalon Non Profit Housing Corporation supportive housing provider created in 1992 as a long-term solution to address homelessness. Avalon and its subsidiaries owns and operates apartments at sites throughout Ann Arbor. Avalon also manages rent vouchers with private landlords and partners with the Ann Arbor Housing Commission to provide housing alternatives for formerly homeless adults and families throughout Washtenaw County.

Avalon is looking for a talented and dedicated person with financial expertise and a commitment to social justice to fill the role of Director of Finance. The Director of Finance will be a strategic thought partner play a key role on Avalons Executive Team and work closely with the Executive Director and the Finance Committee of the Board of Trustees to oversee Avalons complex financial management and financial grant compliance. The successful candidate will be a hands-on and participative manager who will lead and mentor an internal team to support the following areas: finance business planning and budgeting financial grant management and compliance.

The Director of Finance will play a critical role in partnering with the Executive Team in strategic decision-making and operations as Avalon Housing continues to enhance its quality programming and build capacity. This is a tremendous opportunity for a finance leader to maximize and strengthen the internal capacity of a well-respected high-impact organization.

Here are some of the key benefits that Avalon staff receive:

Paid Time Off: Paid time off includes three weeks of vacation time plus additional sick and personal time allowances. There are additional paid days off that allow for at least one paid day off per month

Medical Benefits: Full-time employees can select from three medical insurance plans including coverage options for you and your family. Avalon covers dental and vision insurance-with no per-payroll premium contribution.

Life and Disability Plans: Employees working 16 or more hours per week receive life insurance and short-term disability coverage. Avalon covers the full cost of premiums.

403(b) Retirement Plan: Avalon sponsors a 403(b) retirement plan through Vanguard available to all employees.

Core Responsibilities include:

Financial Planning Analysis and Strategic Development

• Work with leaders in the organization in the development and monitoring of annual and multi-year budgets
• Oversee financial investment i.e. stocks bonds etc. that Avalon may maintain
• Working with the Executive Director Executive Team and Board of Trustees in leading the agency in the development of sustainable business strategies and long term financial stability
• Analyze and present financial reports in an accurate and timely manner; clearly communicate monthly and annual financial statements; collate financial reporting materials for all donor segments and oversee all financial project/program and grants accounting
• Coordinate and lead the annual audit process liaise with external auditors and the Finance Committee of the Board of Trustees; assess any changes necessary
• Oversee and lead collaborative annual budgeting and planning processes in conjunction with the Executive Director; administer and review all financial plans and budgets; monitor progress and changes; and keep the agency abreast of the organizations financial status
• Manage organizational cash flow and forecasting
• Oversee account payables and receivables
• Implement a robust contract management and financial management reporting system; ensure that the contract billing and collection schedule is adhered to and that financial data and cash flow are steady and support operational requirements
• Be an integral part of the Real Estate Development team reviewing and creating proformas staff allocations as Avalon and its subsidiaries agency continues to develop its physical asset portfolio
• Update and implement all necessary business policies and accounting practices; improve the finance departments overall policy and procedure manual
• Effectively communicate and present the critical financial matters to the Board of Trustees

Compliance:

• Work closely and transparently with all external partners including third-party vendors and consultants in the area of financial grant management ensuring Avalons compliance with grant obligations related to financial oversight
• Financial management and oversight on all grant terms billings and grant draw requirements
• Work collaboratively with agency Directors on all grant renewals
• Oversee and evaluate the procurement of goods and services for the agency

Staff Management and Development

• Supervise finance department staff
• Develop and improve the financial understanding and skill of the staff and Board of Trustees
• Provide professional development opportunities for direct reports

The statements in this description represent typical elements criteria and general work performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required for the job

Desired Qualifications & Experience

• At least 5 years experience in nonprofit finance in a senior leadership role
• BS degree in Accounting (or equivalent education experience) required CPA preferred
• Background in nonprofit management
• Background or experience in real estate financial transactions desired including experience with the low-income housing tax credit (LIHTC) program
• A successful track record in grants and grant compliance management
• Excellent communication and relationship-building skills with an ability to prioritize negotiate and work with a variety of internal and external stakeholders
• Experience with federal single audits
• Strong computer skills including experience with Microsoft Office (Word Excel and PowerPoint) Google Suite and financial database programs
• Successful candidates will demonstrate the ability to work well with multicultural communities

Job Title: Director of Finance

Reports to: Executive Director

Dept: Admin

Schedule: Full-time

Salary: $110000 annually

Status: Salaried Exempt. This position is benefits eligible.

Avalon Housing is an equal opportunity employer and actively seeks applicants from diverse backgrounds. This includes but is not limited to people living with disabilities or mental health conditions and with lived experience with homelessness or recovery from a substance use disorder. Avalon also encourages those with criminal histories to apply. Avalon doesnt request information about criminal histories unless and until an offer of employment is extended. Avalon may exclude someone based on criminal history if it determines the criminal history is related to or directly conflicts with the responsibilities of the position.

Required Experience:

Director