Job Board

Position Summary - Chief Financial Officer (Remote) - African American Alliance of CDFI CEOs

The Chief Financial Officer (CFO) is responsible for all aspects of the financial operations for the agency. Reporting directly to the Chief Executive Officer (CEO), the CFO provides accounting, budgetary, operational, and programmatic support to all Alliance programs and activities. The CFO is the primary agency contact for all contractual matters, proposals for new or extended programs and new business development. The CFO serves as an active member of the Executive Management Team helping to develop and implement the organization's vision and mission.

The CFO will advance the organization's mission with relevant constituents and drive broader awareness and donor support for the organization. This role may directly supervise staff members and will oversee the general financial activity of all departments. This may be a highly visible role, both internally with AAA staff, the board of directors and externally as a subject matter expert of the organization. This role would suit an individual of outstanding ability with at least seven years' experience in the CDFI industry managing complex financial accounting systems. This position reports to the President & CEO.


Responsibilities & Essential Job Functions

• Actively manage the day-to-day accounting and financial operations of the organization.
• Develop budgets for the organization, individual programs, and new/proposed/expanded services, including the preparation of budget revisions as needed.
• Prepare, analyze, and present monthly financial reports for the organization, its programs, and activities.
• Report on financial results and issues to the President & CEO and Board of Directors.
• Oversee and review the preparation of all programs financial reporting required for funding sources.
• Manage the Billing, Accounts Receivable and Accounts payables functions/staff in the accounting system.
• Oversee the organization's banking activities and actively manage cash flow to ensure it meets organization needs.
• Manage the negotiation and execution of organization contracts with funding sources, vendors, and collaborative service providers.
• Manage accounting control systems and internal audits ensuring the accurate and timely production of accounting information and financial reports.
• Monitor changes in legal, regulatory, and administrative environments and implement changes in procedures needed to maintain compliance while maximizing operational and financial results.
• Manage the organization's liability insurance program, including ongoing risk analysis.
• Serve as the agency's primary liaison with its independent Auditor to ensure the annual audit is completed smoothly and in a timely manner.

Desired Competencies & Abilities

• General accounting and financial reporting procedures in accordance with the State of Florida Cost Standards and GAAP.
• State of Florida taxes, contract and grant budgeting and reporting procedures and requirements.
• Human Resources related laws, regulations, and practices.
• Payroll reporting and processing of payroll taxes.
• Employee benefits, including the management of health care and retirement plans.
• Current Financial or Community Development sector environment and trends.
• . General office software, particularly Microsoft Office Suite, and accounting software packages, including TeaX and QuickBooks.
• Advanced reporting and visual presentation skills. Able to create, analyze, and report on financial statements and budgets.
• Supervise staff, develop job descriptions, and provide performance evaluations and improvement plans.
• Analyze and solve problems effectively and efficiently.
• Communicate effectively both verbally and in writing.
• Work well with, and be responsive to the needs of, internal and external customers, including the Board of Directors, funders, and other stakeholders.
• Manage priorities effectively to meet deadlines and demonstrate multi-tasking skills.
• Assimilate new information and technology.
• Foster and cultivate business opportunities and partnerships.

Education & Experience

• Undergraduate degree from an accredited college or university in accounting, finance, or other related field; Master's degree is preferred.
• Five to seven years of senior management experience with an organization in the financial services sector whose annual budget is in excess of $5 million and at least 20 employees in, preferably with a non-profit social enterprise agency.
• At least five years of experience managing an active loan fund with assets over $50 million
• Certified Public Accountant designation a plus.
• Must be highly ethical with a high level of integrity; self-motivated; dependable and reliable; detailed oriented; able to interface easily with staff, other senior management personnel and funding sources.
• Must be able to interface easily with staff, other senior and executive management personnel, and funding sources.
• Must possess the ability to thrive in a virtual environment
• Must possess a valid driver's license.

The duties listed above are intended only as illustrations of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related or a logical assignment to the position. The team member profile does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs of the employer and requirements of the job change


How to Apply:

Please provide a cover letter and resume via email to: cgrafton@aaacdfi.org

To learn more about the African American Alliance of CDFI CEOs, visit aaacdfi.org.

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Chavelle Sangokoya
Program and Strategic Initiative Director
African American Alliance of CDFI CEOS
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