Chief Financial Officer - Nonprofit Finance Fund

Position Reports to: Chief Executive Officer

Location: 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: Executive

For 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.

Thank you for your interest in NFF. We hope you'll join us.

Position Overview

We 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.

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. 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.

What You'll Do

Financial Strategy & Leadership

• Serve 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.
• 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 sharing how NFF builds equitable prosperity through capital, consulting, and advocacy.

Financial Planning & Analysis

• Communicate NFF's financial position and performance to all stakeholders, offering analysis and insights to inform understanding and decision-making.
• Oversee multi-year financial planning, the annual budgeting process, budget performance, forecasting, and scenario-planning.

Treasury & Investor Relations

• Oversee capitalization strategy and management of an increasingly diverse capital stack.
• Raise lending capital to meet NFF's portfolio growth goals.
• Maintain relationships with banking and investor partners.

Accounting, Audit & Tax

• Oversee all accounting and financial reporting processes, ensuring strong internal controls across the enterprise.
• Oversee annual audit and tax for NFF and related entities.

Team Leadership & Management

• Set vision and strategy for the Finance Team.
• Develop and support a diverse team of finance professionals.

Who You Are

• You have a minimum of fifteen years of professional work experience with progressive financial leadership.
• You have one or more of MBA, Masters in Accounting, CPA, or CMA.
• You have deep expertise in financial strategy, planning, analytics, treasury, GAAP accounting, controls, compliance, and capital raising.
• You have experience leading strategy, setting objectives, taking calculated risks, and meeting organizational goals.
• You have managed a diverse set of revenue sources.
• You have experience coaching and developing leaders.
• You are a systems thinker and have experience improving upon financial systems to drive efficient processes.
• You have exceptional communication skills and can explain financial data and concepts to all stakeholders.
• You have a strong relationship-building approach.
• You embody NFF's mission, core values and commitment to equity.

Compensation:

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, unlimited vacation time off, health insurance, and employer contributions toward retirement plan.

Please Note:

Applicants must be authorized to work for any employer in the U.S.

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.