Immediate Opening Chief Financial Officer Posting Date: July 1, 2019 Agency Description: Hearth, Inc. is a non-profit organization dedicated to the elimination of homelessness among the elderly population of Greater Boston and beyond. Hearth is unique in its development and operation of permanent, service enriched housing with services specifically designed to support formerly homeless elders to age with dignity. In addition, Hearth’s Outreach team provides housing placement, case management, and advocacy for elders who are homeless or at high risk of homelessness. www.hearth-home.org If you are looking to work for an organization where you can truly make a difference, Hearth is the place for you! If you want to improve the lives of formerly homeless adults and help them to maintain permanent housing, join our team. Learn how your talents can help us achieve our mission so many elders have a place to call home. Diversity and Inclusion Hearth believes in Elder Equity. Aging is a part of living. Every human has the right to a safe place to call home. Hearth is committed to ending elder homelessness through welcoming and inclusive services. This begins with a board and workforce that celebrates and honors differences. Elder homelessness is a tough issue that will only be ended by a response all of us believe in and respond to. Aging and Homelessness do not discriminate, and neither does Hearth. Position Overview As a key member of the Executive Management Team, the CFO will assume a strategic role in the overall management of the agency. The CFO will have primary day to day responsibility for accounting, finance, forecasting, strategic planning and deal analysis/negotiations. The position holder is tasked with ensuring long term financial sustainability while optimizing service and performance levels. The CFO reports to the Chief Executive Officer/President. General Responsibilities: Planning • Participate with Senior Management and Board Members in the development of the long-term strategic plan, with particular focus on the financial implications of the varied strategic initiatives. 1640 Washington Street • Boston, MA • 02118 • T 617.369.1550 • F 617.369.1566 www.hearth -home.org • Monitor, measure and report on the implementation status of strategic planning elements. • Develop performance measures and monitoring systems that support the Agency’s strategic direction. Operations • Ensure credibility of the Finance Department by providing timely, accurate financial information, including actual financial performance, budgets, trends and forecasts. • Ensure that effective internal controls are in place and ensure compliance with various government and other stakeholders. • Direct and manage all aspects of the Accounting, Finance and Information Technology needs of the Agency, which includes leadership/relationship development of outsourced financial activities like property accounting (Peabody Properties) and the investment fund (Congress Wealth Management). • Establish and maintain strong relationships with Senior Executives to identify needs and seek a full range of business solutions. Provide advice on the financial implications of business activities. • Assume financial responsibility for all building developments and subsequent operational resident ramp-up, including service need assessments, staffing needs and funding sources. • Implement operational best practices. • Participate in the development and continuous review/improvement of optimum employee compensation and benefit strategies. Funding/Sustainability • Monitor cash balances and projected future cash flows. • Establish short and long-term contingency plans in the event of cash shortages. • Cultivate a number of bank relationships to provide financial flexibility while minimizing cash flow risks and maximizing financial returns on excess cash. Risk Management • Understand and mitigate key elements of the Agency’s risk profile. • Construct and monitor control systems and report risk issues to the Audit Committee. • Ensure that the Agency complies with stakeholder requirements. • Cultivate relationships with external auditors and investigate their findings and recommendations. Qualifications and Requirements BS in Accounting or Finance, MBA or CPA highly desirable. 10+ years in progressively responsible financial leadership roles. 1640 Washington Street • Boston, MA • 02118 • T 617.369.1550 • F 617.369.1566 www.hearth -home.org Personal Attributes • Excellent interpersonal skills (oral, written and presentation) needed to effectively communicate with all staff at all levels of the Agency, Board Members, outside auditors, financing authorities, various funding sources and other stakeholders. • Strong problem solving and creative skills. • Exhibits sound judgement and makes informed decisions based on accurate and timely analysis. • High level of integrity and dependability. • Strong sense of urgency and has results orientation. Transition Willingness to work with experienced consultant to understand nuances of a complex organizational structure with multiple public and private funding sources. Other Information • The above statements are intended to describe the nature and level of work performed. They are not intended to be construed as an exhaustive list of all duties required or personnel so classified. • Employees may be assigned to other duties as required. Application Process Please send a letter of interest and resume to: Rhonda Pieroni, Human Resource Manager [email protected] 1640 Washington Street • Boston, MA • 02118 • T 617.369.1550 • F 617.369.1566 www.hearth -home.org .