POSITION OVERVIEW The Washington Area Community Investment Fund (Wacif) seeks a dynamic and experienced full-time Chief Financial Officer (CFO) to join our team. As a vital member of the Executive Team, the CFO will play a crucial role in providing strategic leadership and day-to-day oversight of Wacif's consolidated accounting and financial operations. The primary objective of this role is to drive the achievement of Wacif's long-term financial goals and objectives while ensuring the financial health and sustainability of the organization. REPORTS TO: Chief Executive Officer (CEO) SUPERVISES: Director of Finance and Financial Planning & Reporting Manager DUTIES & RESPONSIBILITIES + People Management + Set clear and achievable goals for Finance team and regularly monitor progress towards those goals; + Provide ongoing support, guidance, and feedback to team members to facilitate their professional development and growth within the organization; + Coach, cross-train, and mentor team members to become experts in their positions and valuable business partners to the organization; + Foster a collaborative and inclusive team environment by encouraging cross-training and knowledge sharing among team members; + Promote a culture of accountability, transparency, and improvement within the Finance department. + Financial Strategy & Planning + Lead the development, implementation, and attainment of strategic financial objectives for Wacif, aligning with the organization's mission and vision; + Evaluate and contribute to the financial strategy of all Wacif entities (new & existing), ensuring alignment with overall organizational goals and objectives; + Provide strategic guidance to the development of short-term and long-term financial plans and projections, leveraging insights to drive informed decision-making; + Take ownership of long-range balance sheet strategy and capitalization planning, ensuring sustainable growth and financial stability; + Oversee and approve the investment of excess liquidity, optimizing returns while managing risk in accordance with organizational policies and guidelines. + Budgeting + Provides strategic guidance and leadership throughout the annual budgeting process, collaborating with relevant stakeholders to develop comprehensive and realistic budgets; + Present annual budget to Finance & Audit Committee and Board of Directors, articulating key assumptions, priorities, and financial implications for review and approval; + Monitors financial performance against budget, organizationally and at the project and/or department level, identifying variances and implementing corrective actions as necessary to ensure fiscal responsibility; + Manage the General & Administrative (G&A): Finance & Operations budget, optimizing resource allocation to support organizational priorities while maintaining financial sustainability. + Capitalization + Build and cultivate a robust pipeline of lenders to support capitalization plan and strategic initiatives; + Lead discussion and negotiations to secure debt capital funding, ensuring terms and conditions align with Wacif's financial objectives and risk tolerance; + Lead debt capital due diligence efforts, working closely with internal stakeholders and external partners to assess risk and evaluate opportunities; + Collaborate with General Counsel to negotiate terms, covenants, and structure of debt investments; + Facilitate the closing of financial transactions with investment counterparties, ensuring all necessary documentation and agreements are executed accurately and in compliance with regulatory requirements; + Financial Reporting + Provide comprehensive oversight, strategic advice, and tactical support to financial reporting function, ensuring accuracy, compliance, and timeliness in all reporting activities; + Identify and establish key financial performance indicators (KPIs) regularly monitoring and reporting progress against targets and provide insightful analysis on significant trends and variances; + Monitor and ensure restricted funding is applied according to donor specified requirements; + Present financial results, analyses, and other relevant items to the CEO and Finance & Audit Committee, offering clear and concise explanations to facilitate informed decision-making. + Financial Operations + Facilitate the opening and closing of new bank accounts; + Managing American Express (AMEX) corporate card account, including account ownership and adding/removing employee cards; + Oversee chart of accounts, department/project/budget codes structuring and overall financial data schema; + Authorize and release outgoing ACH/WIRE payments from Wacif bank accounts; + Approve financial management related policies; + Review and approve Finance, Operations, and Human Capital department expenses, ensuring alignment with approved budgets and adherence to Wacif policies; + Lead implementation of key accounting software solutions; + Risk & Compliance + Identify and implement strategies to mitigate risks facing all Wacif entities; + Update Finance & Audit Committee and Board on key risks and compliance issues facing all Wacif entities; + Ensure compliance with all lender covenants and grant requirements; + Identify and implement mechanisms to manage risk of loss associated with the loan portfolio; + Review and approve Lending Department Credit Memos; + Approve Loan Write-offs; + Audit & Tax + Foster and maintain a positive and collaborative relationship with external audit firm, facilitating effective communication and cooperation throughout the audit process; + Provide support to the Director of Finance in addressing audit and tax-related issues; + Review and approve Annual Audited Financial Statement and Single Audit Reports across Wacif entities; + Review and approve IRS Form 990, verifying the completeness and accuracy of the information reported to regulatory authorities; QUALIFICATIONS + At least 15+ years of progressive experience in senior financial management roles within financial institutions, investment firms, or broader financial services (non-profit experience preferred); + Advanced degree in Accounting, Finance or another related field or commensurate similar experience (MBA, CPA, of CFA preferred); + Strong communication skills, including the ability to effectively communicate with stakeholders at all levels of the organization, facilitate decision-making processes, and maintain transparency; + Experience in leading or supporting organizational change initiatives, including restructuring, process improvements, or system implementations, to ensure smooth transitions and continuity of operations; + Proven ability to identify and address complex challenges or issues that may arise, utilizing creative problem-solving skills and resourcefulness to find effective solutions; + Experience in managing multiple projects or initiatives simultaneously, setting priorities, allocating resources, and ensuring timely delivery of results; + Proven experience engaging with private and public sector debt investors through deal sourcing, due diligence and closing investment stages; + Proven experience with creative and catalytic capital structures or blended capital financing models, including the use of credit risk guarantees, loan loss reserves, long-term subordinated debt (EQ2s); + Experience making credit risk decisions and sitting on internal credit risk or investment committees; + Experience leading a high functioning finance team within growing organizations; + Working knowledge of non-profit revenue recognition principles (ASU 2014-09 Topic 606 and ASU 2018-08); + Compliance and risk-oriented; strong analytical skills + Experience working in a CDFI, financial services, or investment management firm a plus; + A high level of motivation, initiative and attention to detail; + Ability to work under pressure and handle stress; + Advanced proficiency in MS Office Suite (Excel, Word, Outlook, PowerPoint); + Interest in and commitment to Wacif's mission of working with low- and moderate-income individuals and underserved communities.