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Executive Vice President of Finance

2 months ago


Little Rock, Arkansas, United States African American Alliance of CDFI Full time

The African American Alliance of CDFI is committed to fostering economic growth and development within underserved communities. As a recognized Community Development Financial Institution (CDFI), we integrate traditional banking services with innovative financial solutions and advocacy to empower families and communities.

Position Overview

The Chief Financial Officer (CFO) serves as the principal executive responsible for the financial sustainability of the African American Alliance of CDFI. This pivotal role involves strategic collaboration with the CEO and other senior leaders to ensure the financial integrity and operational success of the organization. The CFO will navigate the unique challenges of a mission-driven CDFI while aligning financial strategies with the organization's overarching goals.

Key Responsibilities
  • Articulate and implement the finance department's vision, objectives, and operational principles.
  • Oversee financial operations, ensuring compliance with regulatory standards and adherence to Generally Accepted Accounting Principles.
  • Develop and execute strategies to achieve financial performance targets.
  • Identify financial risks and propose strategies for mitigation, maintaining open communication with the Executive Leadership Team and external stakeholders.
  • Foster a mission-centric approach, prioritizing the organization's goals within the communities it serves.
  • Engage in funding and grant initiatives, serving as the primary liaison for financial assessments with investors.
  • Collaborate with the Executive Leadership Team to align financial planning with business objectives and capital strategies.
  • Participate in mergers and acquisitions, contributing to negotiations and due diligence processes.
  • Direct financial oversight of fundraising activities and initiatives.
  • Manage asset-liability strategies and ensure optimal funding and liquidity positions.
  • Supervise the organization’s investment portfolios.
  • Lead the financial forecasting and budgeting processes.
  • Establish accountability measures for budget adherence.
  • Build strong relationships with executives and board members to ensure alignment on strategic priorities.
  • Prepare comprehensive financial statements and reports for stakeholders.
  • Ensure timely and accurate filing of corporate tax returns.
  • Promote the organization's core values throughout all levels of the organization.
Qualifications
  • Bachelor's degree in finance, accounting, or business administration, with 10-15 years of progressive leadership experience in finance, preferably within a financial institution exceeding $5 billion in assets. CPA certification is required; a master's degree is preferred.
  • Exceptional communication skills, capable of conveying complex financial information to diverse audiences.
  • Proven ability to develop and articulate a long-term financial vision that supports organizational success.
  • Strong leadership capabilities, with a track record of guiding teams through transitions and developing talent.
  • Excellent analytical skills, organizational abilities, and effective delegation across teams.
  • Experience in capital markets, particularly in debt and equity issuance.
  • In-depth knowledge of state and federal financial regulations.
  • Familiarity with nonprofit accounting practices, including fund and grant management.
  • History of aligning operational activities with strategic growth objectives.
  • Strong planning and coordination skills to support business operations.
Physical Requirements
  • Regularly required to sit, communicate, and utilize standard office equipment.
  • Occasional lifting of up to 50 pounds may be necessary.
  • Ability to perform tasks that involve reaching, standing, walking, and other physical activities.