Job Description

Director of Finance

Location : Lynchburg, VA.

Salary : $70,000-$85,000, commensurate with experience.

Benefits : Health, dental, vision & life insurance; retirement plan with employer match; generous paid time off; professional development opportunities.

Please send a cover letter and resume to: Tracey Ballagh at [email protected].

About Rush Homes:

Rush Homes is a nonprofit based in Lynchburg, Virginia, dedicated to providing affordable, accessible housing for individuals with disabilities and limited incomes. With an annual operating budget of approximately $1 million, a portfolio of properties serving dozens of households, and a committed staff team, Rush Homes plays a vital role in addressing housing insecurity in Central Virginia. As a small but impactful organization, Rush Homes offers the opportunity for employees to make a meaningful, direct impact in advancing housing equity and community well-being.

Job Summary:

The Director of Finance reports to the Executive Director and is responsible for the overall leadership, administration, and oversight of strategic financial management, accounting operations, and fiscal compliance for Rush Homes and its subsidiaries. This includes financial reporting, budgeting, forecasting, cash flow management, risk management, and compliance with applicable regulations and best practices.

The Director provides stewardship of Rush Homes’ financial resources, ensuring transparency, integrity, and long-term sustainability. In addition, this position requires knowledge of real estate development financing, particularly as it relates to affordable housing projects, including funding sources, tax credits, grants, and regulatory requirements.

The Director of Finance engages with the Executive Director, Board of Directors, Finance Committee, and staff by:

• Driving innovation and efficiency in financial systems, reporting, and processes.
• Supporting the development of affordable housing projects through expertise in financing structures and funding compliance.
• Collaborating with Property Management leadership to ensure financial compliance and asset sustainability.
• Maintaining Rush Homes’ responsibility as good stewards of public and private resources while providing excellent customer service to tenants, staff, funders, and external partners.

Essential Responsibilities:

Financial Leadership & Management:

• Lead all aspects of accounting and finance, ensuring timely and accurate monthly financial close for Rush Homes and subsidiaries.
• Oversee preparation of financial statements, reports, and analyses for management, funders, and the Board of Directors.
• Prepare and present reports to the Finance Committee and Board of Directors, providing strategic financial guidance.
• Direct the development and monitoring of annual operating and capital budgets.
• Manage cash flow and liquidity to ensure fiscal health and sustainability.
• Oversee risk management, insurance, and compliance with financial regulations.
• Maintain fixed asset registers and oversee depreciation calculations.
• Ensure strong internal controls, accounting policies, and audit readiness.
• Supervise and mentor finance staff (Bookkeeper and others as assigned).
• Serve as lead staff for annual financial audits and external reviews.
• Provide financial oversight for grant reporting, funding contracts, and compliance with government, state, and private funder requirements.
• Partner with the Executive Director in evaluating contracts, funding streams, and new financial opportunities.

Real Estate Development & Affordable Housing Finance:

• Provide financial leadership and analysis for affordable housing development projects, including new construction, acquisition, rehabilitation, and financing strategies.
• Work with development partners, lenders, and public agencies to structure financing, including Low-Income Housing Tax Credits (LIHTC), federal and state grants, bond financing, and other funding sources.
• Monitor financial performance of development projects to ensure compliance with funder requirements and sustainability of projects.
• Assist in developing long-term financial models that align real estate development with Rush Homes’ strategic goals.
• Provide oversight of the Real Estate Development Coordinator to ensure alignment of project goals with financial strategies.

Property Management Collaboration & Oversight:

• Provide leadership in financial strategy for property management, ensuring alignment of financial reporting, budgeting, and compliance with regulatory and funder requirements.
• Review property-level budgets, reserve planning, rent rolls, and operating performance to identify risks and opportunities.
• Monitor financial compliance related to tax credits, lenders, and funders tied to property operations.
• Provide financial guidance to support effective property management, while respecting operational decision-making authority.
• Play a key role in long-term planning for property operations, reserves, and capital improvements, working closely with property management leadership.

Human Resources & Administrative Support (Limited):

• Oversee payroll processing and benefits administration in coordination with the Bookkeeper and third-party providers.
• Ensure compliance with HR-related financial reporting, labor law requirements, and benefit renewals.
• Provide support to the Executive Director in policy review and administrative compliance matters as they relate to finance and benefits.

Supervisory Responsibility:

• Oversee the Departments of Property Management, Finance, and Real Estate Development.

Minimum Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field.
• 5-7 years of finance/accounting experience, including 3-5 years in a leadership role.
• Strong ability to communicate complex financial concepts to diverse stakeholders.
• High level of integrity, accountability, and commitment to Rush Homes’ mission.
• Experience with real estate development financial structuring and compliance monitoring.

Preferred Qualifications :

• Experience in nonprofit financial management, particularly in affordable housing or community development organizations.
• Demonstrated knowledge of affordable housing financing, including LIHTC, HUD programs, CDBG, HOME, bond financing, and other federal/state/local funding sources.
• Familiarity with property management financial operations and regulatory requirements.
• MBA, or Master’s in Finance or related field.

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