Strategic Financial Leadership Position

6 days ago


Washington, Washington, D.C., United States Washington Area Community Investment Fund Full time

Washington Area Community Investment Fund (Wacif) Overview

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The Washington Area Community Investment Fund (Wacif) is a leading organization advancing equity and opportunity in the Washington, D.C. area's underserved communities. We provide financial capital, business advisory services, and strategic networking support to underinvested entrepreneurs.

About Us

Since our inception in 1987, Wacif has deployed more than $100 million in capital, served over 4,500 entrepreneurs with business advisory services, and helped create or retain more than 44,000 local jobs.

Our Mission

We are committed to creating a more equitable society by empowering entrepreneurs and businesses in underserved communities.

Job Summary

We are seeking a highly skilled and experienced Chief Financial Officer (CFO) to join our team. The CFO will play a crucial role in providing strategic leadership and day-to-day oversight of our consolidated accounting and financial operations.

About the Role

The primary objective of this role is to drive the achievement of our long-term financial goals and objectives while ensuring the financial health and sustainability of our organization.

Key Responsibilities

  • Financial Strategy & Planning: Lead the development, implementation, and attainment of strategic financial objectives for Wacif, aligning with our mission and vision.
  • Budgeting: Provide strategic guidance and leadership throughout the annual budgeting process, collaborating with relevant stakeholders to develop comprehensive and realistic budgets.
  • Capitalization: Build and cultivate a robust pipeline of lenders to support our capitalization plan and strategic initiatives.
  • Risk & Compliance: Identify and implement strategies to mitigate risks facing our organization, ensuring compliance with all lender covenants and grant requirements.
  • Audit & Tax: Foster and maintain a positive and collaborative relationship with external audit firms, facilitating effective communication and cooperation throughout the audit process.

Requirements

  • At least 15+ years of progressive experience in senior financial management roles within financial institutions, investment firms, or broader financial services (non-profit experience preferred).
  • Advanced degree in Accounting, Finance or another related field or commensurate similar experience (MBA, CPA, of CFA preferred).
  • Strong communication skills, including the ability to effectively communicate with stakeholders at all levels of the organization, facilitate decision-making processes, and maintain transparency.
  • Experience in leading or supporting organizational change initiatives, including restructuring, process improvements, or system implementations, to ensure smooth transitions and continuity of operations.
  • Proven ability to identify and address complex challenges or issues that may arise, utilizing creative problem-solving skills and resourcefulness to find effective solutions.
  • Experience in managing multiple projects or initiatives simultaneously, setting priorities, allocating resources, and ensuring timely delivery of results.

Benefits

  • Competitive salary range: $120,000 - $180,000 per year
  • Medical, Dental, Vision, HSA, FSA, DCA, Life & Disability insurance coverages available
  • 401(k) retirement plan (employer matching contribution eligible)
  • Paid time off (increased with tenure), paid holidays and sick leave days, transportation benefits, and education assistance benefits (professional development, tuition reimbursement, and student loan repayment)


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