Finance Analyst / Senior Finance Analyst

Company: San Francisco Housing Accelerator Fund

Location: San Francisco, CA

Job Function: Finance


Background

The San Francisco Housing Accelerator Fund (“HAF”) is an innovative nonprofit lender and Community Development Financial Institution (CDFI).  Established in 2017 by the San Francisco Mayor’s Office of Housing and Community Development, we create public-private partnerships and leverage private, philanthropic, and public capital to stem displacement of low-income and working families and accelerate the production of new affordable housing across the Bay Area. 

HAF has raised over $330 million in capital and deployed and committed over $395M to help nonprofits acquire buildings and convert them to permanent affordability. HAF also manages a philanthropic fund that aims to accelerate the delivery of housing for unhoused people by investing in projects that pilot new cost-cutting and time-saving approaches. Our pilot project Tahanan at 833 Bryant delivered permanent support housing (PSH) for individuals experiencing homelessness at half the time and two-thirds of the cost of market standard – and we’re just getting started!

Summary

We’re looking for a new team member to play a vital role in financial management and planning, and advancing the HAF’s systems and technology to support growth and impact.  This role will partner closely with the Chief Financial Officer to provide timely and accurate fiscal operations, monthly reporting and analysis, and ad hoc financial/portfolio modeling. The role will also provide lending administration support including loan servicing and maintenance of loan files and data systems. Position title and specific responsibilities will be determined based on an individual’s background and experience.

Of Note: 

  • While our primary scope of work has focused on the City of San Francisco, we are actively expanding to the broader Bay Area and we encourage candidates who bring knowledge of affordable housing in the broader Bay Area to apply;
  • We are an Equal Opportunity Employer. HAF is an equal opportunity employer. We strongly encourage and seek applications from women-identifying individuals, BIPOC, bilingual and bicultural individuals, as well as members of the LGBT+ communities

Responsibilities

Finance Operations, Reporting and Compliance (30%)

  • Operations
    • Manage accounts payable
    • Track cash flow and work with CFO to manage deposit accounts and investments
    • Work with third party accounting team on month end close and monthly reconciliations
  • Reporting
    • Work with CFO to prepare financial statements and finance metrics for Finance Committee/Board
    • Prepare financial components of grant reports
  • Compliance
    • Prepare financial statements and loan covenants for quarterly and annual investor reporting
    • Support the annual audit process and  work with third party accounting team to provide required schedules and documentation
    • Prepare financial data for annual CDFI reporting

Financial Planning and Analysis (25%)

  • Work with CFO to understand business needs and then develop and refine metrics that provide mission critical information
  • Lead efforts to continually improve HAF’s approach to data management and use of technology to support loan level data, portfolio analysis, financial management and  measures of financial health
  • Ensure that reporting systems and source data are accurate and reconciled

Loan and Portfolio Administration (45%) 

  • Coordinate loan funding process with HAF’s Chief Financial Officer
  • Lead loan servicing function for the HAF
    • manage loan disbursements upon receipt of approved requests from the lending team
    • Prepare and send monthly interest statements to HAF borrowers and respond to related requests
    • Respond to borrower inquiries regarding loan balances, interest due, and audit confirmations
  • Maintain internal systems and databases related to the loan portfolio including loan set up, loan modifications, and loan closeout
  • Coordinate with the lending team to ensure that loan documentation is complete at closing, modification, and takeout.
  • Maintain loan files for audit and review by external or internal staff
  • Lead internal process improvements for loan administration after closing and after take-out of each portfolio loan

Requirements

You’re a great fit for the role if you:

  • Have 1-6 years of experience in some combination of: finance, accounting and operations in a non-profit or public sector setting, financial modeling/cash flow/capital management, data management/analysis and use of enterprise level systems, systems analysis and improvement, and/or experience with audits/compliance and stakeholder reporting
  • Are passionate about addressing the Bay Area’s housing affordability and homelessness crisis 
  • Have proven success as a resourceful self-starter comfortable working in a start-up environment 
  • Possess analytical skills and the ability to work with and present data to a range of audiences; have excellent facility with Microsoft Excel
  • Are comfortable taking ownership of multiple projects at once, coordinating collaboratively from idea-stage to implementation
  • Are comfortable creating, implementing and improving processes and systems to support our loan portfolio and financial management and delivery of key metrics management systems for our portfolio and program administration
  • Are passionate about Diversity, Equity, Inclusion, and Belonging and committed to embedding equity in how we measure and assess out portfolio and impact

We know that there is a skills gap in the affordable housing sector, and we want to help train the next generation of affordable housing leaders. If you don’t meet all of the JD requirements but are passionate about our mission, we still strongly encourage you to apply. In the hiring process, we can speak to the professional development resources we can offer to support your growth.

Compensation and Benefits

TitleYears of Relevant Exp.Total Compensation Range
Analyst 1 – 3[$68,000 – $92,000] + up to 5% bonus
Senior Analyst 4+[$92,000 – $117,000] + up to 5% bonus
  • Our benefits package includes comprehensive, employee-selected insurance coverage (medical, dental, vision, life); 100% coverage for employees and 50%-80% for dependent coverage; a 401(k) plan with employer match; generous PTO beginning at 18 days plus paid holidays; cell phone, internet, and fitness stipends; FSA & Commuter Savings accounts, and more. 

How to Apply

Please send your resume, Linkedin profile, and a brief email note detailing your interest in HAF and fit for the role to Kati Vastola (kvastola@sfhaf.org).

The Hiring Process:

Step 1: ApplicationsWe’ll accept applications on a rolling basis through February 2, 2023 . 
Step 2: Intro CallsWe’ll reach out to select candidates to schedule 20 minutes “getting to know you” calls. We’ll let the rest know they won’t be moving forward in the process. 
Step 3: Technical Interview / Work SampleCandidates will be asked to

  • review HAF financial information and sample reports (the information will be provided prior to the interview) and prepare observations and questions for discussion
  • share a work sample that you’re proud of and that demonstrates your analytical skills and ability to use various Excel tools to organize and analyze data
Step 4: Additional InterviewsCandidates will have 1-2 additional conversations with members of the HAF team. 
Step 5: OfferOur goal is to extend an offer by March 1, 2023.