Controller (Contract)

Job Description

Job Description

Portland Community Reinvestment Initiatives, Inc. is a non-profit community development corporation with a mission “to preserve, expand and manage affordable housing in the City of Portland and provide access to and advocacy for services to our residents”. With over 800 units of affordable housing, PCRI’s unique mix of single-family homes, small multi-plexes and community apartments represents one of the last stable opportunities for low-income households to remain in their vibrant Portland neighborhoods.  These homes and apartments are woven into the fabric of their neighborhoods and are a model for eliminating concentrations of poverty.

 
To accomplish PCRI’s goal of addressing involuntary displacement, PCRI established a displacement mitigation initiative, Pathway 1000, with the sole purpose and intent of slowing and reversing the involuntary displacement of long-term residents previously forced to move from N/NE Portland, and current residents at risk of displacement.  Through the Pathway 1000 initiative, PCRI aims to build and create at least 1,000 homes in the next 10 years, many of which will be available to purchase.  The homes will be located throughout the city of Portland, with the primary focus on the N/NE Portland neighborhoods where displaced families previously resided.

 
Position Summary:
The Controller (Contract Role) reports to the Executive Director and works closely with all department managers and organization staff. This is a Temporary Controller for a six-month basis.  This Controller will work on a couple of high priority projects. The Controller is the primary point of contact for managing the Accounting & Finance functions for the organization, under the direction of the Executive Director. Provide comprehensive financial updates to senior managers by evaluating, analyzing, and reporting appropriate data points. Develop, implement, and maintain financial controls and guidelines and achieve budgeting goals with proper scheduling, analysis, and corrective actions. The Controller will guide financial decisions by applying company policies and procedures to current economic landscape as well as help develop and support short- and long-term operational strategies.

 
Essential Functions: 
·         Maintains a documented system of accounting policies and procedures; implements a system of controls over accounting transactions to minimize risk.
·         Oversees the production of periodic financial reports; ensures that the reported results comply with generally accepted accounting principles or international financial reporting standards.
·         Produces the annual budget and forecasts; reports significant budget differences to management.
·         Works with external auditors and provides needed information for the annual audit.
·         Ensures compliance with local, state, and federal government requirements.
·         Maintains internal safeguards for revenue receipts, costs, and team and organizational budgets and actual expenditures.
·         Develops and enforces internal controls to maximize protection of company assets, policies, procedures, and workflows.
·         Prepares and analyzes financial statements, including income statements, balance sheets, and cash flow statements.
·         Oversees the financial aspects of grant applications, including budgeting, reporting, and compliance.
·         Works in collaboration with relevant staff to monitor, maintain, and report on state, federal, and other philanthropic grants received.
·         Works closely with program managers to track and report on grant expenditures.
·         Collaborates with Senior Leadership to develop long-term financial strategies aligned with the organization's mission and goals.
·         Ensures appropriate gift entry, management, and reporting, coordinating closely with staff.
·         Manages and tracks the performance of invested assets in keeping with policies and investment guidelines, including impact investments.
·         Staffs the Finance and Investment Committees; prepares minutes.
·         Advises the Executive Director in financial planning that reflects the short- and long-range priorities and goals for the organization and individual divisions.
·         Participates on the Senor Leadership Team meetings, when/as directed.
·         Oversees cash management for the organization; works with the Executive Director to ensure the organization maintains sufficient liquidity and working capital to meet its operational and real estate development needs.
·         Assists the Director of Housing Development with completing housing projects by providing the following: financing information, construction administration, requisitions, projects’ sources and uses, and external reporting. This includes payment of general contractor invoices and all required accounting/bookkeeping to maintain accurate records.
·         Monitors debt covenants and ensures compliance with lending agreements.
·         Acts as liaison and manage relationships with all external parties that are critical to the fiscal management of the organization including auditors, banks and program partners.
·         Additional duties as assigned by Executive Director.
 

Job Scope:
The Controller (Contract Role) reports directly to the Executive Director This position is 40 hrs. per week. Occasional evenings or weekend hours required. The Controller will assist in the supervision and oversight all finance and accounting related duties including payroll operations, creating budges for company spending, bank reconciliations and managing cashflows. This position will also work to streamline the workflow for related duties. This is a Temporary role lasting six months.
 
Education and/or Experience: 

• Bachelor’s degree in accounting or finance, MBA and CPA are highly desirable. A minimum of eight (8) years’ progressive experience in Housing Non-Profit organizations highly desirable, in real estate or property management and tax accounting, preferably using the low-income tax credit and/or in the affordable housing and property management field. 
• Ten years or more of related experience required.
• Five (5) years’ experience in a supervisor position; strong management, administrative and financial management skills.
• Experience and supervision of accounts payable/receivable, cost allocations, general ledger and financial reporting; hands-on and supervisory experience in maintaining related multiple general ledgers.

Qualifications:
This position requires:

• Thorough knowledge of accounting, finance, budgeting, internal auditing and cost control principles including Generally Accepted Accounting Principles (GAAP).
• Hands-on knowledge of “YARDI” property management financial system.
• Familiarity with programs utilized to support community development activities such as the Low-Income Housing Tax Credit, HOME, and CDBG.
• Superior verbal, written, analytical and interpersonal communication skills.
• Proficient with Microsoft Office Suite: Word, Excel, Outlook.
• Strong ability to function effectively, meet deadlines in high-pressure situations.

 
Supervisory Responsibilities:
This position may have supervisory duties for small team or contract staff.
 
Certificates, Licenses, Registrations:
CPA certification is a plus. Must have and maintain a valid driver’s license and be able to pass a driving record check as determined by PCRI criteria. Also, must have access to a vehicle and maintain personal automobile insurance which meets PCRI guidelines. Must be willing to attend mandatory classes for licensing and / or continuing education.
 
Compensation / Benefits: Contract Role will not be getting any benefits.  
Salary is commensurate with qualifications and experience. 
 
Work Environment / Company Values:
This is not a remote position; this is an in the office setting. PCRI is a fast-paced, highly engaged work environment. We strive to communicate effectively and respectfully within the context of varying beliefs, behaviors, orientations, identities and cultural backgrounds. We actively seek opportunities for professional development for our staff and promote a willingness to change for continual improvement.

PCRI is an EEO employer committed to the inclusion of all people in our workplace and programs.

Finance / Accounting office is located on 3rd floor of office building with no elevator.

Undergoing and passing a pre-employment criminal background and drug test may be required.

PCRI employees work on site and do not have any remote capabilities. This is an onsite role without an option to be hybrid or remote.
 
Physical Requirements:
•       Must be able to regularly walk up and down stairs up to 8 hours per day.
•       Must have the ability to stoop, twist, reach, and pull.
•       Must be able to sit and/or stand for up to 8 hours a day.
•       The worker is required to have close visual acuity to perform an activity such as viewing a computer terminal and extensive reading.
 
Reasonable Accommodations:
To perform this job successfully, an individual must be able perform each essential function and the physical demands satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
 
Application Process:
Interested candidates should submit a resume addressing qualifications for the position via an online application system, by mail to the attention of Human Resources, PCRI, 6329 NE Martin Luther King Jr. Blvd, Portland, Oregon, 97211.  This position is open until filled. Please note that only those candidates selected for an interview will be contacted.