Chief Financial Officer
LA Family Housing
North Hollywood, CA
About LA Family Housing (LAFH)
LA Family Housing (LAFH) is a leading homeless service provider and affordable housing developer in Los Angeles. We believe that housing is a human right, and we are invested in driving forward the innovative solutions we know are effective in ending homelessness. With nearly 40 years of experience, we know what works; an individualized approach that combines a continuum of housing options enriched with supportive services. In 2021, we connected nearly 12,000 people with housing resources and supportive services every year. We also own or co-own 30 interim, affordable, and supportive housing properties and have over 700 additional units of permanent supportive housing in our pipeline.
Our community-based approach allows us to influence how homelessness is addressed in Los Angeles and nationwide. We take tremendous pride in positioning our staff as national leaders in innovation, best practices and policy within housing production and homeless services. From presenting at national conferences to facilitating service collaboration among providers in other regions, we equip our industry to effectively respond to homelessness and ultimately move more people home. Join this incredible team of changemakers and start making a difference in people’s lives today at LA Family Housing!
For more information on LA Family Housing, please visit www.lafh.org.
LA Family Housing is seeking a proactive, strategic, and experienced Chief Financial Officer to advise the organization on all aspects of accounting, including budget preparation and monitoring, financial statement and tax preparation, supervision of financial audits including the annual audit, and oversight of the accounting and compliance for real estate activities and transactions.
The Chief Financial Officer will have the unique opportunity to serve the greater Los Angeles community and help realize the mission of LA Family Housing by providing financial oversight and leadership for an $80 million operating budget. The Chief Financial Officer will join the Executive Leadership Team of LA Family Housing, known as an innovative provider of solutions and services to ameliorate the current homelessness crisis while also addressing the root causes of homelessness.
The Chief Financial Officer reports directly to the President and CEO and provides an expert systematic and disciplined approach to the management of the daily accounting and finance operations of a growing organization. The Chief Financial Officer is also part of the risk management team handling the management and binding of insurances. In addition, this leadership role will inspire, motivate, and guide team members toward their individual and collective goals and serve as a resource to the organization’s leadership on all financial matters.
Strategic Financial Leadership & Counsel
• Responsible for oversight of all accounting and finance activities for the organization
• Collaborates with executive and senior management to prepare the annual budget
• Serves as the strategic financial advisor to senior management and other key staff
• Ensures that the organization’s vision, mission, and values are fulfilled and actualized in its operations and services
• Commitment to the organization’s core values and objectives coupled with the ability to manage details
• Works with the Director of Budgets and Systems to prepare monthly financial reports for senior management, to keep them apprised of financial performance by location, program, and contract
• Works with the Controller to manage the agency’s general ledger and cash flow
• Works with the Accounts Payable Manager to manage centralized invoicing and payments to vendors
• Works with the Manager of Accounts Receivable to monitor government receivables and incoming payments
• Oversees accounting, finance, and banking requirements for all real estate transactions
Risk Management and Compliance
• Staffs the Finance, Investment and Risk Management Committees and presents internal financials to the Board of Directors on a quarterly basis
• Maintains knowledge and application of current GAAP standards, updates, new FASBs, and other relevant pronouncements
• Manages insurances, binds insurances, and reviews all bids and policies
• Works closely with asset management functions including compliance monitoring of real estate assets, residual receipt calculations of real properties, and review and approval of all property financials
• Works closely with the agency’s outside auditors on the annual audit and tax preparation of the nonprofit, partnerships and QALICBs
The Chief Financial Officer will be a strategic and forward-thinking leader with experience leading finance and accounting functions in organizations of comparable size and complexity. They will bring the ability to drive efficiencies and foster strong relations across the organization with excellent communications and relationship-building skills. A strong partner to the CEO, the CFO will be relied upon for their strategic financial planning and forecasting skills, business acumen, analytical mindset, detail orientation, capacity for flexibility and adaptability to shifting priorities or needs, and sound and influential decision-making abilities. As a manager, the CFO will be supportive, honest and fair.
The ideal candidate will have at least 10 years of financial leadership experience at the executive level with oversight of finance, accounting, tax, and audit. The CFO will also bring experience building strong systems and organizational efficiencies. They will be a leader with high emotional intelligence to establish the necessary trust and credibility with the CEO, Board of Directors, Executive Management Team, direct reports, and indirect staff, as well as with external partners and vendors (investment manager, financial institutions, external audit firm). The strongest candidates will have experience in strategic planning, non-profit real estate development and accounting, and a strong understanding of NetSuite.
Candidates must have a Bachelor’s degree in Finance, Accounting, or related field from an accredited university; Master’s degree or CPA highly preferred.
In addition, the ideal candidate will have the following personal attributes and professional competencies:
Passion for the Mission
The Chief Financial Officer will have a passion for the mission of LA Family Housing and a commitment to supporting the impact goals of the organization. This leader will consistently focus on the future and how to best position the organization as a leader in homeless services and affordable housing development. The Chief Financial Officer will be culturally competent to work with a diverse team and will bring a deep commitment to diversity, equity, and inclusion as well as racial and social justice. This leader will be an individual of unquestioned integrity, ethics, and values, treating others with respect.
Strategic and Forward-Thinking Leadership
The Chief Financial Officer will be a bold and visionary leader who will work in partnership with the CEO to develop clear, relevant, and innovative strategies, processes, policies, and solutions to optimize areas in finance, accounting, audit, and risk management. This supportive and proactive leader will build a culture of trust, transparency, and collaboration balanced with accountability and efficiency. The CFO will be able to identify and manage strategic priorities and lead organizational change, managing a broad range of responsibilities and multiple tasks effectively. The CFO will be nimble, flexible to adjust to shifting priorities, and able to make practical, data-driven, and timely decisions. This leader will stay abreast of trends and be able to anticipate, analyze, and address complex problems. In addition, the CFO must have a track record of success devising innovative solutions and creative problem solving by drawing upon experience, best practices, and outreach to colleagues.
Financial and Technical Expertise
The Chief Financial Officer must possess significant financial and technical expertise as a financial professional and business leader with the ability to be hands-on when needed. The CFO will be knowledgeable of generally accepted accounting principles (GAAP) and financial management, including fund accounting, cash management, budget and forecasting, debt-servicing, facilities management, asset management, government grants and contracts and capital projects. Experience in the fields of affordable housing, property management and/or real estate is ideal. Technologically savvy, the CFO will harness technology to inform strategic decisions, simplify workflows, avoid reduplication of efforts, and improve the overall operations of the department. Additionally, the CFO will provide objective strategic and financial guidance to the Board, CEO, and Executive Management Team on organizational decisions and changes in policies and procedures.
Excellent Communication, Relationship Building & Collaboration Skills
The CFO will model collaborative leadership by inspiring and motivating others to work together to achieve a common purpose. The CFO will have the leadership experience and emotional intelligence to build effective connections across the organization, contributing to a culture of respect. The CFO will work closely with the CEO, Board of Directors, members of the Executive Management Team as well as serve as an accessible hands-on partner to assist and advise program directors and business unit managers to tackle pressing priorities, explore possible opportunities, and address new and unforeseen challenges. The CFO will demonstrate an ability to communicate effectively with diverse constituencies who may not have a background in finance. This person will use their strong communication (written and verbal) and presentation skills to effectively share expectations and information throughout the organization, articulating and explaining complex financial issues effectively to a variety of stakeholders.
Organizational & Change Management Skills
The Chief Financial Officer will regularly review departmental structure, staffing levels, and procedures to ensure alignment with present goals and future objectives. This leader will bring clarity to the roles and departmental processes so that responsibilities, goals, and ownership of objectives and key results are clearly delineated. This leader will be skilled at facilitating organizational change, communicating change with transparency, listening to and addressing concerns, and garnering consensus, working with a diverse range of stakeholders and priorities. The CFO should have experience recruiting and retaining high performing team members as well as providing professional development opportunities to promote individual, interpersonal, and organizational growth. The CFO will consequently suggest improvements and take responsibility for team performance, including celebrating successes and recognizing team members for noteworthy contributions.
Compensation & Benefits
The annual salary for this opportunity will be competitive and commensurate with experience. Additional benefits information to be shared further along in the process.
TOTAL REWARDS COMPENSATION PHILOSOPHY
LA Family Housing provides a Total Rewards Compensation Philosophy that includes Comprehensive benefits, Industry leading cash compensation opportunities, Recognition of employee performance, Staff development resources, and Commitment to employee wellness. The salary listed on this job description is reflective of our compensation structure and is a firm amount. Future increases are performance-based.