Desc (Downtown Emergency Service Center) - Seattle, WA
posted about 2 months ago
The Chief Financial Officer (CFO) at DESC is a pivotal role under the supervision of the Executive Director, responsible for overseeing all financial matters of the organization. This includes managing DESC's budgeting, financial analysis, accounting activities, and the management of cash, investments, debt, and other financial assets. The CFO plays a crucial role in the planning, coordination, and management of agency activities, ensuring that DESC's financial operations align with its mission to provide solutions to homelessness and support for individuals with complex behavioral health needs. DESC is recognized nationally for its innovative approaches to addressing homelessness, operating numerous facilities that provide supportive housing and behavioral health services. The CFO will oversee a complex financial landscape with an operating budget of $130 million, which includes various funding sources such as government contracts, Medicaid, and private donations. The role requires a deep understanding of nonprofit accounting, compliance, and financial reporting, particularly in relation to Low-Income Housing Tax Credits and other funding mechanisms. In addition to financial oversight, the CFO will lead a team, including the Controller and Finance Director, ensuring the development and monitoring of budgets, maintenance of internal controls, and compliance with legal and regulatory requirements. The position also involves preparing financial reports for the board of directors, representing DESC to financial partners, and participating in strategic planning to explore new financing opportunities. The CFO will be instrumental in ensuring the financial health and sustainability of DESC as it continues to serve thousands of individuals in need.