Director of Finance – Habitat Mortgage Solutions (HMS)

Company: Habitat for Humanity International

Location: Atlanta, GA

Job Function: Finance


Background

About Habitat for Humanity

Habitat for Humanity, founded in 1976, is a global, Christian-based nonprofit organization that grew out of an intentionally multi-racial community in rural Georgia. Seeking to put God’s love into action, Habitat brings together people of all faiths and people of no faith to build homes, communities and hope. Working alongside each other, we help families and individuals build and improve places to call home and achieve the strength, stability and self-reliance they need to build better lives for themselves. Habitat seeks individuals who have a willingness to affirm these principles and values.

At Habitat for Humanity International, we embrace a history rooted in creating equity and take our mission seriously by courageously committing to a culture and workplace where all staff feel safe, welcome, visible, respected, supported and valued. As an equal opportunity employer, we realize that our success depends upon building an inclusive workforce of diverse perspectives and encourage people of varied races (which is inclusive of traits historically associated with race, including, but not limited to, protective hairstyles and hair texture), ethnicities, national origins, tribes, religions, ages, gender identities and expressions, genders, sexual orientations, marital statuses, disabilities, veteran/reserve national guard statuses, socio-economic statuses, thinking and communication styles to work with us.

We also require that all staff take seriously their ethical responsibilities to safeguarding our intended beneficiaries, their communities (especially children), and all those with whom we work. In line with the prevention of sexual exploitation and abuse, all staff must pass a thorough background screening and will be held accountable to upholding our policies around ethical behavior, including safeguarding and whistleblowing.

Summary

Habitat for Humanity International is seeking a Director of Finance to support Habitat Mortgage Solutions™ (HMS), a nationally certified Community Development Financial Institution (CDFI) certified in 2017. HMS is a wholly owned entity of Habitat for Humanity International and was created to serve our domestic network of affiliates. HMS provides an array of services to Habitat affiliates to support their work as affordable mortgage originators, homebuilders, sellers, and partners for housing and community solutions.

The Director of Finance is responsible for the overall financial health and management of the entity including developing HMS’ budget, maintaining the organization’s financial statements, monitoring cash flows and the entity’s P&L, managing the financial operations for HMS portfolio loans and mortgage finance related initiatives, and balance sheet management. The Finance Director will oversee accounting and financial compliance for (federal and private) grants contracts, private investment as well as any internal reporting requirements and general financial operations. HMS is seeking an individual with extensive knowledge of CDFI accounting, impact and socially responsible investing, project finance, tax credits, mortgage finance and nonprofit reporting and accounting practices. In addition to financial back-office management, the individual will also play a critical role in the overall strategic development and operational leadership of HMS. Some experience reporting out to and updating senior or executive leadership as well as board of directors is preferred.

The position provides a unique opportunity for a highly motivated and experienced finance professional to quickly assume a leadership role within HMS, develop processes, procedures and strategy for capital management and development, develop working relationships with investors, partners as well as Habitat affiliates throughout the U.S. and provide a valuable contribution to Habitat’s mission of providing affordable housing.

This position can be office-based at the Atlanta headquarters, hybrid, or remote anywhere within the U.S., and requires 10% travel.

Responsibilities

ESSENTIAL DUTIES AND RESPONSIBILITIES:
Finance

  • Manage finance and accounting operations of the organization, ensuring effective policies, procedures, internal controls, and effective systems are maintained.
  • Lead annual HMS budgeting process.
  • Oversee day-to-day financial operations including cash flow projections for efficient cash flow planning to ensure availability of funds as needed and optimization of investments.
  • Develop, oversee and utilize forward-looking, predictive financial models and activity-based financial analysis to provide insight into the organization’s operations and business plan.
  • Interface with trustees, paying agents and HFHI Finance to ensure timely and accurate satisfaction of financial obligations and support internal reconciliations.
  • Collaborate with the Program and Credit & Portfolio Management departments and accounts payable departments to ensure timely closings, disbursements, and related fund transfers.
  • Collaborate with the Credit and Portfolio Management department to oversee financial asset management of outstanding portfolios.
  • Administer the development and monitoring of program and operating budgets including P&L
  • Develop reporting dashboards, track KPIs and recommend benchmarks to measure performance.
  • Ability to support HMS mortgage finance related work which may include but is not limited to residential mortgage lending, securitization, and government sponsored enterprise (GSE) opportunities.
  • Collaborate with additional programmatic departments within and outside of HMS as needed and requested.
  • Participate in strategic discussions and decision making related to finance, operations, and broader elements of HMS.

Accounting & Compliance

  • Collaborate with HFHI finance department to prepare HMS and HFHI audits.
  • Collaborate with HFHI finance department to determine if financial reporting is reflective of the CDFI business and consistent with industry practices.
  • Maintain up-to-date knowledge of all critical IRS, CDFI, and nonprofit audit matters, GAAP rules, and state and federal regulations regarding nonprofit and CDFI-related matters.
  • Ensure timely and accurate financial reporting for federal and state funders, foundations, management team and Board of Directors
  • Monitor and ensure HMS financial covenant compliance across all investments.
  • Manage and report on lending, administrative, and organizational compliance to funders and investors, including the Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund, banks, and foundations, and ensure annual recertification as a CDFI.
  • Oversee ongoing reserve fund allocation and accounting.

Investor Relations

  • Act as point of contact between trustees, HFHI Finance, investors, legal and borrowers.
  • Develop investor and management reports as well as support training and educational materials for HFHI affiliates.

Requirements

  • Bachelor of Science.
  • CPA designation and/or MBA or significant relevant experience.
  • 10-15 years related experience.
  • Advanced understanding of the practices and procedures of Generally Accepted Accounting Principles (GAAP) as applied to financial accounting, reporting, and transactions. Knowledge of OMB requirements for nonprofits.
  • Advanced proficiency in preparation and analysis of financial statements and forecasting methods.
  • Excellent analytical and abstract reasoning skills, plus excellent organization skills.
  • Knowledge and experience in real estate development, housing, and/or business finance.
  • Driven by mission.
  • Strong leadership, interpersonal and supervisory skills, with keen business acumen, excellent judgment and instincts, and a self-starter with strong work ethic and a positive outlook.
  • Candidates must be comfortable working in a global, humanitarian, Christian organization.
  • Active support of HFHI Values:
    • Humility – We are part of something bigger than ourselves.
    • Courage – We do what’s right, even when it is difficult or unpopular.
    • Accountability – We take personal responsibility for Habitat’s mission.
  • Safeguarding: HFHI requires that all employees take seriously their ethical responsibilities to safeguarding our intended beneficiaries, their communities, and all those with whom we work. Managers at all levels have responsibilities to support and develop systems that create and maintain an environment that prevents harassment, sexual exploitation and abuse, safeguards the rights of beneficiaries and community members (especially children), and promotes the implementation of Habitat for Humanity’s code of conduct.

PREFERRED REQUIREMENTS (in addition to minimum):

  • CDFI Accounting or impact investing.

Compensation and Benefits

The actual salary offered for this role will be based on a variety of factors, including location, internal equity and the candidate’s qualifications and professional experience. HFHI offers a competitive, comprehensive benefits package that varies by country and typically includes vacation leave, sick leave, personal days, health insurance options, retirement plan contributions and life insurance.

For work locations in the US, the salary range for this position is between $95,000 – $143,000 per year. The target hiring range for this position is $101,200 – $113,000 per year.

How to Apply

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https://www.habitat.org/about/careers/director-finance-habitat-mortgage-solutions-hms-9167br