| March 22, 2024

Senior Director, CARE Finance

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  • Part Time
  • Remote (Remote)
  • $66,000 - $75,500 USD / Year

Website Mission Driven Finance

About Mission Driven Finance
Learn more about us, our “why,” and our opportunities on our jobs page.

Mission Driven Finance uses finance as a tool for change. We’re all about mobilizing capital that will increase inclusive and equitable access to education, health, and wealth, and there are a lot of awesome things happening to achieve our mission. As our fully remote/distributed team continues to rapidly expand, we’re always looking for ways (and people!) to help us stay on track.

Mission Driven Finance conceived, created, and operates Care Access Real Estate (CARE), a private social impact REIT dedicated to the child care sector. The need for additional and better child care facilities has been largely neglected and severely undercapitalized until now, resulting in a child care supply crunch and the nearly universal experience for American working parents that finding suitable child care is nearly impossible. CARE fills this void by simultaneously creating an attractive way for impact-minded private capital to invest in the child care sector at scale while also alleviating from providers much of the complex and time-consuming work of opening a new facility.

CARE is a social impact real estate investment trust that will drive equitable access to quality early care and education, while also shifting economic wealth and power. CARE will create optimal, joyful child care spaces and lease them to providers at affordable rates as a child care-friendly landlord, and will prioritize occupancy in its properties by small-scale historically marginalized providers serving economically diverse families, and CARE will target locations with insufficient child care supply. Launching as a private REIT holding a diversified portfolio of commercial and residential properties across the U.S., CARE intends to work toward an IPO into a public REIT in order to drive massive investment capital into the child care system.

CARE’s goal is to acquire and stabilize over 500 properties within 10 years and is adding a key leadership role to the team to manage CARE’s finance functions.

Who should apply
We are seeking a highly skilled and experienced real estate finance expert to join our team and play a critical role in shaping the financial strategy and ensuring the integrity of our financial operations. The ideal candidate will have a strong background in finance and accounting for real estate enterprises, coupled with a passion for driving positive social impact.

This position is being launched as half-time (20 hours per week).  Based on company growth, capital, and needs, this role may evolve to convert to full-time. Our team is distributed across the “U.S.” and works remotely.

Primary responsibilities
You will lead and execute the CARE financial strategy and financial operations in a way that works well with our overall Mission Driven Finance finance framework. You will be responsible for:

  • Financial Strategy: Work with CARE leadership to develop and implement financial strategies aligned with CARE’s mission and objectives, lead budgeting, forecasting, and financial planning processes (FP&A)
  • Financial Reporting: Manage, and together with CARE staff accountant, prepare timely and accurate financial reports, including monthly, quarterly, and annual financial statements, that provide management with tools for decision-making and comply with accounting standards and regulatory requirements.
  • Cash and Treasury Management: Oversee cash flow planning and management, optimizing liquidity while maximizing returns on investment.
  • Tax Planning and Compliance: Ensure compliance with tax regulations and optimize tax planning strategies to minimize tax liabilities while maximizing available incentives and credits.
  • Audit Management: Manage the annual audit process, liaising with external auditors and consultants to ensure a smooth and efficient audit, timely completion of audit deliverables, and compliance with auditing standards. Coordinate internal audit activities and address any audit findings or recommendations to enhance financial controls and reporting accuracy.
  • Risk Management: Identify and mitigate financial risks through robust risk management practices, including insurance coverage and contingency planning.
  • Stakeholder Communication: Represent CARE financial performance with investors, management, joint-venture partners, and other key stakeholders through clear representations of CARE’s financial health, both in writing and in oral presentations.
  • Team Leadership:
    • Lead and grow, together with CARE, a team of CARE finance and accounting professionals, currently consisting of 1 staff accountant.
    • Foster a data-driven, collaborative, and high-performance culture.
    • Lead the team in addressing challenges inherent in startup environments, employing creative problem-solving and adaptability to navigate complexities and achieve strategy goals.
    • Instill an agile mindset within the team, promoting innovation, flexibility, and rapid iteration.
    • Lead meetings with internal CARE and financial team stakeholders

Desired values, qualifications & skills
An ideal candidate will value:

  • Our mission to build a better financial system
  • Developing solutions from a team perspective
  • Ability to take initiative and work semi-independently
  • Balancing work quality with efficiency and productivity
  • Our culture of humor, flexibility, and resilience

And have a background and skills that include:

  • 10+ years of experience in finance and accounting roles, with deep knowledge of the financial management of Real Estate Investment Trusts (REITs)
  • 2+ years experience leading a team or complex programs
  • Advanced understanding of financial modeling, valuation techniques, and investment analysis
  • Proficiency in financial reporting standards (GAAP/IFRS) and regulatory compliance
  • Excellent analytical, problem-solving, and decision-making skills
  • Excellent attention to detail, document review, and proofreading skills
  • Excellent verbal and written communication skills with the ability to communicate data and analyses in clear, compelling, and clean reports with a high level of professionalism to both internal and external audiences
  • Ability to be adaptable and responsive in an evolving startup environment with competing priorities and deadlines
  • Strong comfort with technology tools such as Google Workspace, Microsoft Suite, real estate management systems (e.g. Yardi), project management systems (Asana), communication systems (Slack)

Preference for candidates that also have one or more of the following:

  • CPA or CFA certification
  • Expert Yardi user and/or administrator experience
  • Exposure to, or deep interest in, (impact) investing; this might include experience working directly with nonprofits, social enterprises, philanthropic endeavors, or investment firms
  • Fluency in another language beyond English
  • Lived experience in our target investment communities, such as communities of color, Native or Indigenous, New American, veteran, low-to-moderate income, or other overlooked and underestimated populations

Research shows that while men may apply for roles when they meet about 60% of the criteria, individuals from marginalized groups often hold back unless they fulfill every listed requirement.

If you believe you could excel in this role but your resume may not accurately reflect how you are qualified per the qualifications above, we wholeheartedly encourage you to apply. In your application, please also submit a cover letter, share what interests you about this role, how you may be qualified in other non-listed or non-traditional ways, and how you envision making a difference.

We’re all about embracing diversity and considering a wide range of candidates and ways that someone is qualified. Whether you’re new to using your skills in this area, returning after a break, looking to make a transition, or ready to take your career to the next level, we’d love to hear from you. Your unique experiences and perspectives are valuable to us. We can’t wait to explore the possibilities together.

Compensation
This is a Senior Director level role with a salary range of $66,000 – $72,500 per year (based on part-time level of hours at 20 hours/week), plus company incentives, based on your unique skills and experience.

This part-time position includes company standard benefits:

  • Generous time off plan along with 15 paid holidays
  • Remote and flexible work schedule and environment
  • Unlimited paid vacation time
  • 401k retirement plan with 4% employer match
  • Monthly stipend for work-from-home expenses
  • Access to health/dental/vision plan
  • Participation in company incentive program(s)
  • Up to $500 annually towards professional development

We recognize that compensation is an important aspect of your decision to apply, and we strive to offer competitive salaries that reflect the skills, experience, and value each team member brings to our organization.

It’s important to note that starting salaries for most candidates will fall at or below the 50th percentile of the above salary band. However, starting salaries will be determined based on factors such as qualifications, experience, and internal equity considerations.

We are committed to fostering a transparent and equitable compensation structure and welcome discussions regarding salary expectations with our HR / Recruitment team during the interview process.

Equal opportunity employer 

Mission Driven Finance is an equal opportunity employer. We encourage all qualified candidates, regardless of race, ethnicity, religion, national origin, age, sex, disability, veteran status, or gender identity to apply for this position. We welcome smart people with non-linear/non-traditional experience and educational backgrounds to join our team. Should a candidate be offered the position, they will need to show documentation of the ability to work in the U.S. including completing an I-9. We are unable to offer work visas at this time.

To apply

If you think you can help us build a better world please apply as soon as possible; the position may close at any time. Candidates only and no phone inquiries, please.

To apply for this job please visit www.paycomonline.net.