Nonprofit Finance Fund
Chief Financial Officer
Nonprofit Finance Fund, Los Angeles, California, United States, 90079
Position Reports to:
Chief Executive OfficerLocation:
Fully remote, with a preference for candidates within commuting distance to NFF's New York, Philadelphia, or Boston offices. We will also consider applications from individuals who reside near NFF's offices in Los Angeles and Oakland. NFF offices have re-opened, and staff can opt into in-person work as desired and based on the needs of the role. There is potential for up to 15% travel, which will consist of office visits, local/national conferences, and funder meetings.Department:
ExecutiveFor over 40 years, Nonprofit Finance Fund has provided these nonprofits and their leaders with capital, consulting, and thought leadership. As a community development finance institution (CDFI), we work with nonprofits, partners, and systems to build racial equity and community wealth and well-being. Our vision is a world of equitable prosperity, where communities of color and other systematically excluded communities have the capital, community assets, knowledge, and agency to thrive.None of this work would be possible without the incredible people who work here. Our team consists of a diverse group of passionate professionals who care deeply about racial equity and community wealth and well-being.Thank you for your interest in NFF. We hope you'll join us.Position OverviewWe are seeking a Chief Financial Officer (CFO) who will oversee NFF's financial strategy, accounting and tax functions, financial planning and analysis, treasury, and capital raising.As a member of NFF's 5-person executive team, the CFO co-creates a shared vision for NFF's mission delivery and operational health. The CFO advises the executive team on the financial implications of business decisions and recommends financial strategies to ensure fiscal prudence, sufficient resources for seamless operations, and risk management.The CFO oversees a $25 million annual operating budget, a diverse set of revenue streams (including restricted grants, Federal grants, interest income, and fee-for-service), a growing loan portfolio of over $200 million, and a New Markets Tax Credit program.NFF is operating under an ambitious 2024-2026 strategic plan that envisions significant portfolio growth while exploring emerging opportunities in environmental justice, community-owned assets, and geographic expansion. One year into this plan, NFF is well positioned to realize its ambitions with significant unrestricted grant funding, a new $35 million allocation of New Markets Tax Credits, and a diversified and growing capital stack. NFF's next CFO will set a long-term vision for allocating resources in ways that support our goals and meet our mission to boost the collective success and power of nonprofits to advance racial equity and community wealth and well-being.The CFO will report to the CEO, who is based in New York. The CFO has three direct reports (Controller / Vice President of Finance & Accounting, Senior Director of Treasury, and Manager of Financial Planning & Analysis) and oversees a total finance staff of nine.What You'll DoFinancial Strategy & LeadershipServe on the executive team, creating a shared vision for NFF's mission delivery and operational health. Advise the executive team on financial implications and risks of business decisions.Serve as the main connection between the executive team and the Board of Directors' Audit Committee and Finance & Operations Committee (shared reporting with NFF's Chief Operating Officer).Set a financial vision, financial strategies & operations, and financial policies that support NFF's long-term financial health and risk management.Hire, develop, and oversee finance staff, maintaining a culture of high performance and ethical behavior.Represent NFF externally by (1) sharing how NFF builds equitable prosperity through capital, consulting, and advocacy; (2) partnering with funders, investors, and peers to advance NFF's goals; and (3) contributing to overall field-building by sharing NFF's work and learnings.Communicate NFF's financial position and performance to all stakeholders (Board of Directors, leadership, staff, external parties), offering analysis and insights to inform understanding and decision-making.Support development of organizational strategy through financial analysis of new and existing business models.Oversee multi-year financial planning, the annual budgeting process, budget performance, forecasting, and scenario-planning.Treasury & Investor RelationsOversee capitalization strategy and management of an increasingly diverse capital stack which supports a balanced approach to meeting client needs, mitigating risk, and maximizing NFF's earning potential.Maintain strategies and policies regarding cash management, liquidity, and capitalization—promoting a high standard of care for funds and prudent risk management.Raise lending capital to meet NFF's portfolio growth goals.Maintain relationships with banking and investor partners.Provide executive leadership on NFF's asset-liability committee (ALCO), giving insight into how NFF manages risks related to liquidity, asset-liability matching, portfolio losses, and interest rate margin.Establish investment policies and work with investment advisors as needed.Accounting, Audit & TaxOversee all accounting and financial reporting processes, ensuring strong internal controls across the enterprise.Oversee annual audit and tax for NFF and related entities (including programmatic LLCs and New Market Tax Credit entities).Set vision and strategy for the Finance Team.Develop and support a diverse team of finance professionals.Assess financial processes and tools and ensure the team is resourced in order to support an organization of complex business processes.Who You AreYou have a minimum of fifteen years of professional work experience with progressive financial leadership, preferably in the CDFI or financial services industries or in a large, complex nonprofitYou have one or more of MBA, Masters in Accounting, CPA, or CMAYou have deep expertise in financial strategy, planning, analytics, treasury, GAAP accounting, controls, compliance, and capital raisingYou have experience leading strategy, setting objectives, taking calculated risks, and meeting organizational goalsYou have managed a diverse set of revenue sources, including restricted grants, Federal funding, and fee-for-serviceYou have experience coaching and developing leadersYou are a systems thinker and have experience improving upon financial systems to drive efficient processesYou have exceptional communication skills and can explain financial data and concepts to all stakeholders in an accessible mannerYou have a strong relationship-building approach with the ability to center the needs of both internal and external stakeholdersYou are a thought and industry leader and can represent NFF's work and vision externallyYou maintain a high level of integrity and are able to handle sensitive information in a confidential mannerYou embody NFF's mission, core values and commitment to equityCompensation:The salary range for this position is $280,000-$295,000. NFF provides an attractive benefits package that currently includes up to 18 paid holidays, 3 floating holidays, unlimited vacation time off, health insurance with NFF funded health reimbursement account on medical plan, and employer contributions toward retirement plan. In addition, NFF provides flexibility to work remotely and access to a "work from home" fund, and flexible spending accounts including medical, commuter, and childcare benefits.Please Note:Applicants must be authorized to work for any employer in the U.S.
We do not currently sponsor for immigration or work permit applications.Nonprofit Finance Fund is committed to diversity, equity, and inclusion in its workforce. We encourage candidates that will help us live out this commitment to apply.NFF is an equal opportunity employer and does not discriminate against any applicant or employee because of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, genetic information, age, or military or veteran status in accordance with federal law. In addition, NFF complies with applicable state and local laws governing non-discrimination in employment in every jurisdiction in which it maintains facilities.
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Chief Executive OfficerLocation:
Fully remote, with a preference for candidates within commuting distance to NFF's New York, Philadelphia, or Boston offices. We will also consider applications from individuals who reside near NFF's offices in Los Angeles and Oakland. NFF offices have re-opened, and staff can opt into in-person work as desired and based on the needs of the role. There is potential for up to 15% travel, which will consist of office visits, local/national conferences, and funder meetings.Department:
ExecutiveFor over 40 years, Nonprofit Finance Fund has provided these nonprofits and their leaders with capital, consulting, and thought leadership. As a community development finance institution (CDFI), we work with nonprofits, partners, and systems to build racial equity and community wealth and well-being. Our vision is a world of equitable prosperity, where communities of color and other systematically excluded communities have the capital, community assets, knowledge, and agency to thrive.None of this work would be possible without the incredible people who work here. Our team consists of a diverse group of passionate professionals who care deeply about racial equity and community wealth and well-being.Thank you for your interest in NFF. We hope you'll join us.Position OverviewWe are seeking a Chief Financial Officer (CFO) who will oversee NFF's financial strategy, accounting and tax functions, financial planning and analysis, treasury, and capital raising.As a member of NFF's 5-person executive team, the CFO co-creates a shared vision for NFF's mission delivery and operational health. The CFO advises the executive team on the financial implications of business decisions and recommends financial strategies to ensure fiscal prudence, sufficient resources for seamless operations, and risk management.The CFO oversees a $25 million annual operating budget, a diverse set of revenue streams (including restricted grants, Federal grants, interest income, and fee-for-service), a growing loan portfolio of over $200 million, and a New Markets Tax Credit program.NFF is operating under an ambitious 2024-2026 strategic plan that envisions significant portfolio growth while exploring emerging opportunities in environmental justice, community-owned assets, and geographic expansion. One year into this plan, NFF is well positioned to realize its ambitions with significant unrestricted grant funding, a new $35 million allocation of New Markets Tax Credits, and a diversified and growing capital stack. NFF's next CFO will set a long-term vision for allocating resources in ways that support our goals and meet our mission to boost the collective success and power of nonprofits to advance racial equity and community wealth and well-being.The CFO will report to the CEO, who is based in New York. The CFO has three direct reports (Controller / Vice President of Finance & Accounting, Senior Director of Treasury, and Manager of Financial Planning & Analysis) and oversees a total finance staff of nine.What You'll DoFinancial Strategy & LeadershipServe on the executive team, creating a shared vision for NFF's mission delivery and operational health. Advise the executive team on financial implications and risks of business decisions.Serve as the main connection between the executive team and the Board of Directors' Audit Committee and Finance & Operations Committee (shared reporting with NFF's Chief Operating Officer).Set a financial vision, financial strategies & operations, and financial policies that support NFF's long-term financial health and risk management.Hire, develop, and oversee finance staff, maintaining a culture of high performance and ethical behavior.Represent NFF externally by (1) sharing how NFF builds equitable prosperity through capital, consulting, and advocacy; (2) partnering with funders, investors, and peers to advance NFF's goals; and (3) contributing to overall field-building by sharing NFF's work and learnings.Communicate NFF's financial position and performance to all stakeholders (Board of Directors, leadership, staff, external parties), offering analysis and insights to inform understanding and decision-making.Support development of organizational strategy through financial analysis of new and existing business models.Oversee multi-year financial planning, the annual budgeting process, budget performance, forecasting, and scenario-planning.Treasury & Investor RelationsOversee capitalization strategy and management of an increasingly diverse capital stack which supports a balanced approach to meeting client needs, mitigating risk, and maximizing NFF's earning potential.Maintain strategies and policies regarding cash management, liquidity, and capitalization—promoting a high standard of care for funds and prudent risk management.Raise lending capital to meet NFF's portfolio growth goals.Maintain relationships with banking and investor partners.Provide executive leadership on NFF's asset-liability committee (ALCO), giving insight into how NFF manages risks related to liquidity, asset-liability matching, portfolio losses, and interest rate margin.Establish investment policies and work with investment advisors as needed.Accounting, Audit & TaxOversee all accounting and financial reporting processes, ensuring strong internal controls across the enterprise.Oversee annual audit and tax for NFF and related entities (including programmatic LLCs and New Market Tax Credit entities).Set vision and strategy for the Finance Team.Develop and support a diverse team of finance professionals.Assess financial processes and tools and ensure the team is resourced in order to support an organization of complex business processes.Who You AreYou have a minimum of fifteen years of professional work experience with progressive financial leadership, preferably in the CDFI or financial services industries or in a large, complex nonprofitYou have one or more of MBA, Masters in Accounting, CPA, or CMAYou have deep expertise in financial strategy, planning, analytics, treasury, GAAP accounting, controls, compliance, and capital raisingYou have experience leading strategy, setting objectives, taking calculated risks, and meeting organizational goalsYou have managed a diverse set of revenue sources, including restricted grants, Federal funding, and fee-for-serviceYou have experience coaching and developing leadersYou are a systems thinker and have experience improving upon financial systems to drive efficient processesYou have exceptional communication skills and can explain financial data and concepts to all stakeholders in an accessible mannerYou have a strong relationship-building approach with the ability to center the needs of both internal and external stakeholdersYou are a thought and industry leader and can represent NFF's work and vision externallyYou maintain a high level of integrity and are able to handle sensitive information in a confidential mannerYou embody NFF's mission, core values and commitment to equityCompensation:The salary range for this position is $280,000-$295,000. NFF provides an attractive benefits package that currently includes up to 18 paid holidays, 3 floating holidays, unlimited vacation time off, health insurance with NFF funded health reimbursement account on medical plan, and employer contributions toward retirement plan. In addition, NFF provides flexibility to work remotely and access to a "work from home" fund, and flexible spending accounts including medical, commuter, and childcare benefits.Please Note:Applicants must be authorized to work for any employer in the U.S.
We do not currently sponsor for immigration or work permit applications.Nonprofit Finance Fund is committed to diversity, equity, and inclusion in its workforce. We encourage candidates that will help us live out this commitment to apply.NFF is an equal opportunity employer and does not discriminate against any applicant or employee because of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, genetic information, age, or military or veteran status in accordance with federal law. In addition, NFF complies with applicable state and local laws governing non-discrimination in employment in every jurisdiction in which it maintains facilities.
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