Vice President of Financial Services - San Diego, California, United States, 92101

Position Title: Vice President of Financial Services

Compensation: up to $150,000 base salary

Benefits Package: 28 days PTO, healthcare, pension, 457 plan, car allowance, phone allowance

Location: San Diego, CA

Reports To: Chief Financial Officer

Direct Reports: 5 (total team responsibility of 9-15 staff)


Who We Are:

For nearly 40 years, the San Diego Housing Commission (SDHC) has provided critical housing services to the City's low-income and homeless individuals and families. The organization is regarded as one of the most innovative and well-managed public housing authorities in the nation, with its success due in part to the application of private sector management principles to public sector services. SDHC has earned a national reputation as a model public housing agency, creating innovative programs to address the housing crisis in the city of San Diego-the eighth-largest city in the nation and second largest in California. Created in 1979, SDHC performs 3 major program functions that create affordable housing opportunities:


  1. Create & Preserve Affordable Housing: Since 1981, SDHC has directed more than $1 billion in loans and bond financing for real estate developments that produced more than 17,000 affordable apartments in the city of San Diego. Currently, the organization owns and/or manages over 3,500 affordable rental units. SDHC's First-Time Homebuyer Program has helped more than 4,500 low and moderate-income families buy a home since the program's launch in 1990. SDHC also administers the County of San Diego's First-Time Homebuyer Program.
  2. Rental Assistance: SDHC provides rental housing assistance for more than 15,000 low-income households each year, funded by the U.S. Department of Housing and Urban Development (HUD). The majority of those served are seniors or individuals with disabilities. Of note, SDHC is one of only 39 housing authorities out of 3,400 nationwide to receive a "Moving to Work" (MTW) designation from HUD. MTW status provides SDHC the flexibility to design and implement innovative approaches to provide Federal housing assistance.
  3. Partner to Address Homelessness: HOUSING FIRST - SAN DIEGO, SDHC's landmark homelessness action plan, is an effective, diverse funding and housing strategy to create permanent housing opportunities for homeless San Diegans. This action plan is rooted in the national "Housing First" model of addressing homelessness - to provide homeless individuals with housing as quickly as possible, with supportive services as needed. Through this program, SDHC will direct $79.7 million in Federal, City of San Diego, and SDHC resources from 2 to 6 programs to provide permanent housing opportunities for 3,000 homeless San Diegans.


The SDHC is a state-charted public agency, governed by the San Diego City Council. A 7-member Board of Commissioners appointed by the Mayor oversees SDHC's operations. The organization has over 340 employees, and a total annual budget of approximately $450 million. In 2008 SDHC completed its new corporate office in the East Village area of Downtown San Diego. This innovative project named Smart Corner achieved LEED Silver certification, and it was a key anchor development project for the area, serving as a home to several small businesses and a public transportation hub. This is an exciting time to join SDHC, as the organization is celebrating its 40th anniversary and continues to receive national attention.


Benefits

The SDHC offers an exceptional employee benefits package, including a Compressed Work Schedule (CWS). All employees create a schedule within their core hours, 7:00 a.m. to 7:00 p.m., and work the same days and share the same day off. SDHC's offices are closed every other Friday. SDHC provides medical, dental and vision insurance coverage with HMO or PPO choices available. VP-level staff receive 28 days of annual leave, with an additional 11 paid holidays per year, a car allowance, phone allowance and a tuition reimbursement benefit plan for professional development. The SDHC also offers a defined contribution pension plan and a 457 tax-deferred savings plan. Please visit for more information.


Position Summary

The VP of Financial Services is a new position which will oversee all areas of the Financial Services Department including financial reporting, grants, budgeting, accounting, payroll, and the Commission's investment portfolio and /or the real estate accounting for both SDHC and SDHC's 501(c)(3)). This individual will be skilled at working with and building consensus with other Commission departments, officials, outside agencies, and the public. He or she will also interface with intergovernmental and regulatory agencies, and various public and private groups. Reporting to the Chief Financial Officer, the VP of Financial Services will play a critical role in evaluating and improving the department's workflow and business processes, in addition to establishing and monitoring the department's short-term and long-term goals.


Expected outcomes for this position include:

  1. Conduct a thorough assessment of the department policies, processes and operations.
  2. Implement strategic changes and upgrades as required.
  3. Ensure continuous improvement initiatives remain ongoing and effective.
  4. Implement systems to produce independent financials for 25 separate projects for SDHC's 501(c)(3))
  5. Oversee the Commission's two annual audit teams:
  • SDHC audit (20 team members)
  • Real Estate audit (4 team members overseeing 20 development projects under the SDHC's 501(c)(3))


Anticipated allocation of responsibilities:

  • Coaching, internal operations, and staff management - 35%
  • Audit - 25%
  • Budget - 10%
  • Interdepartmental relations - 15%
  • Other short-term requests / projects - 15%


Duties & Responsibilities

  • Assumes full management responsibility for all Financial Services Department programs, services, and activities, including accounting, payroll, budget preparation and administration, and investments.
  • Manages the development, forecasting and administration of the SDHC's $453M operating budget; directs the monitoring and approval of expenditures.
  • Builds and maintains effective working relationships with a wide array of stakeholders including other SDHC managers and executives, staff, service providers and offices of elected officials.
  • Coaches, mentors and manages department staff.
  • Contributes to the overall quality of the department's service by providing assistance and recommendations for workflow optimization and continuous improvement.
  • Conducts a variety of departmental, organizational, and operational studies and investigations; recommends modifications to programs, policies and procedures as appropriate.
  • Oversees the RFP process for consultants and professional services.
  • Represents the department to a wide range of stakeholders and partners including other departments within SDHC, elected officials, and outside agencies.
  • Makes presentations to the Housing Authority, Housing Commission, City Council, and a variety of boards and commissions.
  • Represents the SDHC in meetings with government agencies, community groups, and various businesses, professional, and regulatory organizations.
  • Stays abreast of new trends and innovations affecting the department, including the fields of HUD and other federal, state and local regulations.
  • Responds to challenging and sensitive public inquiries and assists with resolutions and alternative recommendations.
  • Performs other duties as assigned.


Required Skills & Abilities

  • Analyze and interpret financial statements.
  • Support, coach and develop team members across the department.
  • Develop and implement goals, objectives, policies, procedures, work standards, and internal controls for the department and assigned program areas.
  • Negotiate effectively with developers and a wide array of stakeholder groups.
  • Manage multiple projects simultaneously and the ability to work independently.
  • Prepare clear and concise reports, correspondence, policies, procedures, and other written materials.
  • Conduct complex research projects, evaluate alternatives, make sound recommendations, and prepare effective technical reports.


Education & Additional Requirements

  • Strong understanding and appreciation for good stewardship of public funds.
  • Bachelor's degree in Accounting, Finance, Business, or a related field. Certified Public Accountant (CPA) highly desirable.
  • 8+ years of progressively responsible experience in financial services program administration, including 3+ years in a supervisory or management capacity.
  • Excellent interpersonal and business communication skills, both written and verbal.
  • Ability to employ diplomacy and tact as situations require.
  • Team player with the ability to bring all sides together to achieve consensus.

Experience in the following areas is helpful:

  • Working directly for or with public agencies.
  • Experience working for an affordable housing developer or Housing Agency.
  • Real estate acquisition/rehab, and/or new construction experience.