Valley Community Development

Type:
Full-time

Hours:

37.5 hours/week

Location:

Valley office, remote negotiable

Valley Community Development seeks a dynamic Director of Finance to provide strategic and hands‑on leadership. Valley is a community‑based nonprofit formed in 1988 that primarily serves Hampshire and Franklin counties. Our mission is to create social equity by increasing access to housing and small business opportunities.

Valley understands there are innumerable ways to learn, grow, and excel professionally. We respect this when we review applications and take a broad look at the experience of each applicant. We want to know you and the unique strengths you will bring to the work. We are most likely to be interested in your candidacy if you can demonstrate most of the qualifications and experience listed below.

Reporting to the Executive Director, the position is responsible for accounting and financial reporting, cash and liquidity management, budgeting, grants and compliance, and the financial administration of affordable- housing development, tax‑credit, financing, and property-portfolio activities. The Director provides management and the Board with timely analysis, maintains effective controls and systems, and works closely with real estate development staff, property managers, funders, lenders, investors, counsel, and outside accountants.

We are seeking an experienced professional to join our collaborative Finance team. This person will work closely with the Executive and other Directors including but not limited to:

• Oversee accounting, including the general ledger, accounts payable and receivable, payroll accounting, restricted funds, intercompany activity, investments, and period-align close.
• Prepare accurate and timely financial statements for Valley and its related entities in accordance with generally accepted accounting principles (GAAP).
• Manage the relationship with the audit firm, including scheduling, planning, and preparation of audit work papers and preparation of tax returns. Ensure that annual audits and filing of tax returns are completed in a timely and cost‑effective manner.
• Lead organization‑wide cash management, revenue recognition and accounting for the uneven timing of revenue.
• Review general ledgers monthly and produce monthly financial statements for Valley.
• Lead and develop finance staff and contractors; establish clear roles, deadlines, review procedures, cross‑training, and backup coverage for critical functions.
• Work with Executive Director and Department Directors to prepare annual operating budgets.
• Work with Executive Director and Finance Committee to prepare multi‑year budgets and analyze trends.

• Work with program and project managers to develop budgets for programs, contracts, and real estate development projects.
• Oversee set up of new accounting entities as required for new development projects.
• Reconcile debt, interest, financing costs, developer fees, and related balances to the general ledger and audited financial statements.
• Manage audit and compliance requirements for all affiliated real estate organizations.
• Maintain debt schedules for all soft and permanent debt in accordance with appropriate regulations.
• Prepare annual cash flow calculations and forms to submit to funders.
• Oversee preparation of cost certifications
• Oversee preparation of invoices and fiscal reports for contracts with city, state, and federal funding agencies.
• Work with program managers to monitor contract costs and billing issues.
• Perform other related duties as required.

• 10+ years of broad finance and accounting experience that includes accounting, budgeting, control, and…