ABOUT THE ROLE
Hebrew Free Loan is seeking a capable individual, savvy in not-for-profit accounting, with excellent financial management skills. This individual will manage and/or perform the full range of functions needed to ensure a strong financial operation. Responsibilities include basic, hands-on bookkeeping and accounting; budgeting and financial planning; financial report preparation and analysis; administrative oversight of human resources; risk management and investment oversight.
In tandem with the Executive Director and the Treasurer/Finance Committee Chair, the Director of Finance provides leadership on all financial planning and related operations. The Director of Finance is responsible for providing the Board of Directors and appropriate committees with ongoing financial reports and analysis to enable them to ensure the agency’s financial soundness.
Reports directly to the Executive Director in a collaborative nine-person office in downtown San Francisco. Supervises one staff person on the financial operations team, and provides financial support to the fundraising and loan program teams.
ABOUT HEBREW FREE LOAN
Hebrew Free Loan is a private, 501(c)(3) non-profit organization founded in 1897 to help people become and remain self-sufficient. For over 120 years, Hebrew Free Loan has provided interest-free loans to assist members of the Northern California Jewish community cope with financial hardships and pursue their dreams.
We provide loans to meet a wide range of needs: emergencies, personal financial challenges, tuition and education-related costs, first-time home purchases, starting a family (adoption or fertility treatments), debt consolidation, starting or expanding a small business, special needs, and many other purposes. The repayment rate on our loan portfolio is 99.75%. Today nearly 1,100 individuals have loans from our agency totaling $10.5 million.
Financial planning, reporting & analysis
- Prepare, analyze, and present financial reports in an accurate and timely manner; clearly communicate monthly and annual financial statements; and prepare all financials needed for project and program reporting and for grants accounting.
- Oversee and lead annual budgeting and planning process in conjunction with the Executive Director.
- Administer and review all financial plans and budgets, including regular monitoring of progress and changes.
- Keep senior leadership team abreast of the organization’s financial status. Effectively communicate and present critical financial matters to the Board of Directors.
- Carry out organizational forecasting to ensure that cash flow is steady and supports operational requirements.
- Coordinate and lead the annual audit/review process; liaise with external auditors and the Finance Committee of the Board of Directors.
Bookkeeping & accounting
- Responsible for day-to-day financial operations, banking, bookkeeping, and accounting functions.
- Maintain and monitor internal controls.
- Update and implement all necessary business policies and accounting practices; maintain the finance department’s overall policy and procedure manual.
- Prepare and input semi-monthly payroll and oversee monthly benefits administration.
- Negotiate benefits on an annual basis.
- Provide administrative oversight of human resources functions; update and implement all necessary labor policies and practices; maintain up-to-date Employee Handbook.
Investment oversight & risk management
- Annually review, monitor, and assess risk management needs; update limits and policies as needed.
- Work with investment management firm to provide regular and timely investment performance summaries to the Board of Directors and Finance Committee.
- Oversee and monitor loan collections process and status of high-risk loans
- Possesses a BA at minimum, and ideally an MBA, Master’s in Accountancy, CPA, or related degree or certification.
- At least 7 – 10 years of professional financial management experience required, with a minimum of 5 years of nonprofit experience. Ideally 6+ years of broad operations management experience.
- The ideal candidate has held final responsibility for the quality and content of all financial data and reporting, including audit coordination, for an organization or significant program area, and has overseen a human resources function.
- Ability to effectively collaborate with programmatic and fundraising colleagues and with members of the Board of Directors who do not have finance backgrounds; skilled at translating financial concepts into layperson’s terms.
- A successful track record in setting priorities; keen analytic, organizational, and problem-solving skills that support and enable sound decision-making.
- A track record in successful grants management.
- Tech-savvy, with knowledge of accounting and reporting software; experience selecting and overseeing software installations and managing relationships with software vendors. Experience with Fund EZ a plus.
- Excellent communication and relationship building skills, with an ability to prioritize, negotiate, and work with a variety of internal and external stakeholders.
- The ability to wear many hats and function effectively in a fast-paced environment.
- Personal qualities of integrity, credibility, sense of humor, and dedication to the mission of Hebrew Free Loan.
This position offers competitive compensation and excellent benefits, including a 35-hour work week, full medical and dental insurance, and a 401(k) plan. Generous holiday and vacation policy.
To apply, please email resume and cover letter to Marina Levy: Marina@hflasf.org