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Community Development Finance Jobs in Washington, DC

Fairfax County, VA

Financial Specialist II

Fairfax, VA · On-site

$70K - $122K/yr

Housing & Community Dev Opening Date: 08/01/2026 Closing Date: 8/21/2026 11:59 PM Eastern Pay Grade ... Three to five years of progressive experience in the field of accounting or finance, preferred in a ...

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Community Development Finance information

See Washington, DC salary details

$23.6K

$80.6K

$171.3K

How much do community development finance jobs pay per year?

As of Aug 9, 2026, the average yearly pay for community development finance in Washington, DC is $80,646.00, according to ZipRecruiter salary data. Most workers in this role earn between $45,630.00 and $99,850.00 per year, depending on experience, location, and employer.

What is community development finance?

Community development finance refers to financial services and investments that support the growth and revitalization of underserved communities. This field involves providing loans, grants, and other financial products to individuals, small businesses, and organizations that may not have access to traditional banking services. The goal is to promote economic development, affordable housing, and social services in low- and moderate-income areas. Professionals in community development finance often work for community development financial institutions (CDFIs), banks, or government agencies.

What are the key skills and qualifications needed to thrive in community development finance, and why are they important?

Success in Community Development Finance requires a solid understanding of financial analysis, economic development principles, and knowledge of lending practices, often supported by a degree in finance, economics, or public administration. Familiarity with tools like loan underwriting software, financial modeling platforms, and certifications such as the Certified Economic Development Finance Professional (EDFP) is valuable. Strong relationship-building, communication, and problem-solving skills help professionals engage diverse stakeholders and navigate complex projects. These competencies are critical for effectively channeling financial resources to underserved communities and achieving sustainable economic growth.

What are some typical challenges faced by professionals working in community development finance, and how are they addressed?

Professionals in Community Development Finance often encounter challenges such as balancing financial returns with social impact, navigating complex regulatory requirements, and securing funding for projects serving underserved communities. These challenges are addressed by staying up-to-date with changing policies, building strong partnerships with local organizations, and leveraging innovative financial tools. Successful practitioners also engage in ongoing training and collaborate closely with stakeholders to ensure project sustainability and measurable community benefits.

What is the difference between Community Development Finance vs Community Development Specialist?

AspectCommunity Development FinanceCommunity Development Specialist
CredentialsRelevant finance or economic development certifications, degrees in finance, economics, or public policyRelated degrees in social work, community planning, or public administration; certifications vary
Work EnvironmentFinancial institutions, non-profits, government agencies focused on funding and investmentCommunity organizations, non-profits, government agencies involved in program implementation and outreach
Employer & IndustryFinancial institutions, development agencies, non-profitsNon-profits, government agencies, community organizations

Community Development Finance focuses on providing funding, investments, and financial solutions to support community projects. In contrast, Community Development Specialists typically work on program implementation, community outreach, and planning efforts. Both roles are vital in fostering community growth but differ in their core functions and required skills.

What are popular job titles related to Community Development Finance jobs in Washington, DC? For Community Development Finance jobs in Washington, DC, the most frequently searched job titles are:
What job categories do people searching Community Development Finance jobs in Washington, DC look for? The top searched job categories for Community Development Finance jobs in Washington, DC are:
Community Development Finance jobs near you
Infographic showing various Community Development Finance job openings in Washington, DC as of August 2026, with employment types broken down into 8% Internship, 84% Full Time, and 8% Part Time. Highlights an 100% In-person job distribution, with an average salary of $80,646 per year, or $38.8 per hour.

Loan Fund, Assistant Controller

Enterprise Community Partners

Columbia, MD • On-site

Full-time

Posted 12 days ago

Job description

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $92.0 billion and created 1.1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands - all to make home and community places of pride, power and belonging.
Join us at enterprisecommunity.org
Working at Enterprise
At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey.
Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.
Job Description Summary
Enterprise Community Loan Fund (ECLF) is a certified Community Development Financial Institution (CDFI) and a member of the Enterprise Family of Companies. Enterprise is a national nonprofit that exists to make a good home possible for millions of families without one.
The Assistant Controller is a hands-on individual contributor responsible for the end-to-end accounting and financial management of off-balance sheet funds and management of activities associated with these initiatives. This position is responsible for all fund-level accounting, reporting, budgeting/forecasting and liquidity management activities, operating with a high degree of autonomy under the oversight of the Senior Director, Creative Capital.
In addition to working closely with internal operations team members within ECLF, this role interfaces regularly with investors, auditors, and other third parties, ensuring accurate financial reporting, compliance with debt agreements, and effective financial management of fund structures. This position oversees all the loan servicing operations and creates monthly, quarterly, and annual reporting. The position suggests opportunities to improve operational efficiency, including additional automation. The successful candidate will be an enthusiastic, effective member of the Finance team. The ideal candidate is highly analytical, detail-oriented, and comfortable operating independently in a fast-paced environment.
Job Description
Responsibilities:
Fund Management & Close
  • Maintain full ownership of accounting for all off-balance sheet loan funds, including recording daily and monthly transactions (cash, accruals, intercompany, etc.), as well as performing monthly, quarterly, and annual close processes
  • Ensure accuracy, completeness, and timeliness of all financial records in accordance with GAAP
  • Monitor cash positions across various bank accounts and funding needs for operations and lending
  • Support optimization of capital deployment and liquidity planning

Financial Reporting & Analysis
  • Prepare and deliver monthly and quarterly financial reporting packages that include financial statements, variance analysis vs budget and prior periods, supporting schedules and reconciliations
  • Develop clear, actionable insights on fund performance, drivers, and risks
  • With assistance from Senior Director, produce specialized reporting for internal stakeholders, Board materials, and external parties

Investor, Auditor & Stakeholder Interface
  • Serve as a primary finance contact for investors, capital providers, external auditors, as well as internal teams (Capital Management, Asset Management, and Finance)
  • Working with Capital Management on executing debt draws and repayments
  • Prepare audit schedules, respond to inquiries, and support annual audit and tax processes
  • Deliver accurate and timely financial information to meet external stakeholder requirements (including debt covenants)

Budgeting & Forecasting
  • Coordinate the annual budgeting and periodic forecasting processes for all assigned funds
  • Partner with business leads to develop assumptions and scenario analyses
  • Continuously monitor actuals vs. forecast and update/communicate projections accordingly
  • Participate in the design, modeling, and closing, of new potential off balance sheet initiatives

Additional Responsibilities:
  • Support and enhance loan servicing and accounting systems, including identifying and implementing process improvements and automation (work directly on new Loan Servicing System implementation)
  • Contribute to continuous improvement of finance operations and reporting
  • Participate in cross-functional initiatives related to fund management and financial strategy
  • Maintain strong internal controls and up-to-date documentation of processes and procedures

Qualifications and Skills:
General:
  • Bachelor's degree in accounting or equivalent is required, CPA is a plus.
  • 5-7 years accounting experience is required, some public accounting experience is a plus.
  • Must be highly motivated, able to work independently and possess strong written and oral communication skills.
  • Must possess strong financial, analytical, organizational, and quantitative skills, and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines.
  • Must demonstrate strong ethics and professionalism in interpersonal relations and work as an effective team member.

Specific:
  • Strong automation skills, including proficiency in Microsoft products and accounting applications, expertise in loan servicing software a plus.
  • Experience with accounting systems required, experience with Workday and/or Adaptive is a plus.
  • Knowledge of Generally Accepted Accounting Principles (GAAP) is required.
  • Able to work effectively both independently and in team environments.

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