Position Summary:
Reporting to the President & CEO, the Chief Financial Officer supports the strategic vision of this $100 million, Community Development Financial Institution (CDFI) as its lead financial spokesperson. This includes fostering and cultivating stakeholder relationships on city, state, and national levels, as well as assisting in the development and negotiation of funding sources and related agreements, and contract and administration services.
The CFO supervises the Finance and Accounting Department, provides leadership in assuring the organization’s financial strength and its capacity to grow. The CFO identifies new lending capital and acts as primary liaison with capital partners. Driven by the company’s mission, the CFO works as a vital member of the Development Team in pursuing grant opportunities that strengthen C4C’s ability to provide affordable financial products to the markets we serve.
Through dynamic and hands-on involvement, this position works collaboratively with Senior Management on strategic and tactical matters, focusing on all aspects of financial modelling, planning and analysis, budget management, capitalization, and the controls needed to ensure the financial health of the organization. This includes using data and technology to inform process and performance improvement throughout the organization.
The CFO serves as the primary staff to the Finance and Audit Committee of the Board of Directors and works closely with the CEO and Committee Chair in the Committee’s work.
This position’s core management responsibility is the oversight of the capital development, budgeting and forecasting, risk and regulatory management, accounting, and the systems that properly document and report the financial position of the organization and its subsidiaries.
Must-Have's:
- Minimum of 3 – 5-plus years as CFO/Controller/Finance Director or senior level Risk Management professional for a $50 million bank, credit union, Community Development Financial Institution (CDFI), or similar finance and/or lending services company
- Not-for-profit accounting (fund accounting) in accordance with relevant U.S. Generally Accepted Accounting Principles (GAAP); strong grasp of revenue recognition, financial and accounting practices and procedures; grant accounting and/or financial modelling, planning and analyses capabilities a definite plus
- Minimum of 5 years of management experience; passion for C4C’s mission and goals; demonstrated track record of and proficiency in team leadership, effective management and operations practices, and interdepartmental collaboration; mentoring, coaching, and staff development
- Independent mindset, with a roll-up-your-sleeves finance practitioner skillset; tech-savvy, skilled in implementing process-enhancing technology; competence in centralizing and streamlining processes and systems; adept at driving process improvement and utilizing technology; prior track record of systems overhaul and rebuilding and the related RFP processes therewith
- Superior communication, presentation, public speaking, interpersonal, relationship management, persuasiveness, negotiation, diplomacy, influencing, and listening skills; strong dispute resolution and de-escalation capabilities; integrity beyond reproach and unquestioned trustworthiness
- Innovative approach to negotiating borrowed capital intended for development initiatives and new product offerings; proficiency in capital acquisition through novel avenues
Who We Are:
Capital for Change (C4C) is a full-service Community Development Financial Institution (CDFI) in Connecticut offering capital solutions that create and sustain lasting positive change for low-income communities, broaden social and economic participation for underserved populations, and that encourage economic growth and environmental sustainability. We champion projects of all kinds with an approach that one size does not fit all, enabling us to create high impact products and programs that create affordable housing, assist nonprofit organizations, increase energy efficiency, finance mixed-use development, and support economic and community development.
