Vice President, Finance - HopePHL
Charity Search Group, United States
Job Description
Position Title: Vice President, Finance
Reports to: The President
Position: Full-Time, Exempt
Location: Philadelphia, PA; Hybrid, 3 days onsite, 2 days remote
Salary: $140,000 - $160,000
About HopePHL
HopePHL is the result of the joining of People’s Emergency Center (PEC) and Youth Service, Inc. (YSI) in January 2023. Together, they achieve a greater impact in Philadelphia. HopePHL inspires Philadelphia's children, youth, families, and communities to thrive by providing housing, advocacy, and trauma-responsive social services designed to promote equity, resilience, autonomy, and well-being. They are looking for vibrant and compassionate people to join their team! Learn more at www.hopephl.org
The Role
Reporting to and partnering with the President, the Vice President, Finance will play a critical role in developing and implementing the growth and success of HopePHL. The VP, Finance, will be responsible for providing strategic and fiscal leadership by working with the Executive Team to establish long-range goals, strategies, plans and policies. The VP, Finance will be responsible for overseeing all fiscal and fiduciary responsibilities for the organization and its related entities, in conjunction with the finance and audit committees of the board and the boards of these related entities.
Requirements
Essential Duties and Responsibilities
I. Strategy
- Work closely with the President on the organization’s financial, budgeting, and administrative processesincluding HR, payroll, and benefits functionswith an eye to continuously developing and improving systems.
- Assess organizational performance against both the annual budget and HopePHL’s strategic plan and identified metrics.
- Develop tools and systems to provide critical financial and operational information to the President and other senior leaders and make actionable recommendations on both strategy and operations.
- Engage the board finance and audit committees around issues, trends, and changes in the operating model and operational delivery.
- Develop and implement long-term budgetary planning and cost management processes in alignment with HopePHL’s strategic plan, especially as the organization considers sponsorships, potential acquisitions, and collaborations with external organizations.
II. Financial and Operational Management
- Oversee all fiscal operations, including general accounting, financial forecasting, cash flow, budgeting, payroll, accounts payable, billing, grants administration and other contracted services for HopePHL and all related entities.
- Oversee all accounts, ledgers, and reporting systems for HopePHL and all related entities, including the limited partnerships ensuring compliance with appropriate generally accepted accounting principles, regulatory requirements, and Office of Management and Budget audit requirements.
- Review and approve preparation and finalization of monthly and annual financial reporting materials and metrics for HopePHL’s board of directors.
- Coordinate all external audits and ensure proper timely tax return filings.
- Coordinate the development and implementation of operating, program and capital budgets and monitor progress. Present financial metrics both internally and externally.
- Represent HopePHL to financial partners, including financial institutions, investors, foundation executives, auditors, public officials, etc.
- Manage and track the performance of HopePHL’s Foundation; keeping with the policies and investment guidelines established by the Foundation Board and the Finance Committee.
III. Real Estate Development amp; Asset Management
- Works collaboratively with the VP, Property amp; Asset Management to review potential acquisitions, debt, equity and public subsidy proposals and partnership/operating agreements.
- Reviews key legal agreements, including mortgages, loan documents, subordination agreement and guarantees as part of a financing and construction loan closing that may involve Low Income Housing Tax Credits, Historic Tax Credits, New Markets Tax Credits, bond financing, public subsidies, and contracts, and/or private debt.
- In conjunction with the real estate development staff and auditors, ensures that equity draws, project cost certifications and other specialized reporting to investors and government agencies are completed accurately and timely.
- Works with several Low-Income Tax Credit and New Markets Tax Credit investors and lenders as they monitor operating performance and compliance of the Company’s affordable housing and commercial portfolio.
V. Team Manag