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CFO/Director of Finance

Capital for Change (C4C) Hartford, CT
  • Expired: 20 days ago. Applications are no longer accepted.

1. Narrative Summary of Position

Reporting to the President & CEO, the CFO/Director of Finance supervises the Finance Department and is the lead financial spokesperson of this $100 million, values-driven Community Development Financial Institution (CDFI). Through dynamic and hands-on involvement, this position works collaboratively with Senior Management on strategic and tactical matters, focusing on all aspects of financial planning, capitalization, and process management and the controls needed to ensure the financial health of the organization.

Specifically, this position oversees the accounting, asset and liability management, budgeting and forecasting, capital expenditures, consumer and commercial lending capitalization and pricing, investments and grant development, cost allocations, projections, profitability, risk and regulatory management, and the systems that properly document and report the financial position of the organization and its subsidiaries.

2. Specific Responsibilities

Financial Management

  • Responsible for the development and implementation of effective financial strategies, objectives, policies, and procedures.
  • Ensure adequate financial/accounting controls are identified, adequately documented and adhered to and that substantiating documentation is approved and available such that all processing passes independent auditing.
  • In partnership with the Senior Management Team, develop annual operating budgets, support programmatic success through cost analysis, and ensure compliance with all contractual and programmatic requirements.
  • Develop and maintain systems of internal controls to safeguard financial assets of the organization and oversee governmental awards and programs and all funder requirements.
  • Oversee the coordination and activities of independent auditors ensuring any audit issues are resolved, all 403(b) compliance issues are met, and the preparation of the annual financial statements is in accordance with U.S. GAAP and federal, state and other required supplementary schedules and information.
  • Responsible for effectively managing risks including compliance, profitability, interest rates, and lending and operating liquidity.
  • Oversee Accounts Payable and Accounts Receivable activities, including investor/funder accounts, loan servicing and Utility On-Bill Repayment programs.
  • Monitor all banking activities of the organization.
  • Oversee maintenance of the inventory of all fixed assets, capital needs budgeting and expenditures, and all purchasing and payroll activity.
  • Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.


  • Oversee the management and coordination of all fiscal reporting activities for the organization and its subsidiaries, including: organizational revenue/expense and balance sheet reports, compliance/performance reporting to all funding sources, development and monitoring of organizational and contract/grant budgets.
  • Oversee the production of periodic reporting such as funder and client reconciliations, internal and external financial compliance, loan portfolio activity, pension plan requirements, financial statements, cash flow projections, funding reports, performance metric reporting, On Bill Repayment reporting, and other internal reporting as needed internally or for use by Senior Management, the Finance Committee or Board of Directors.

Strategic Planning

  • Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
  • Work with the President & CEO on the strategic vision including fostering and cultivating stakeholder relationships on city, state, and national levels, as well as assisting in the development and negotiation of funding sources, contract administration services and related contracts.
  • Assist the President & CEO in identifying new funding opportunities (i.e. loan capital, investments, grants, contracts), the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective program delivery.
  • Attend Board and Committee meetings as required; act as lead staff to the Finance Committee, including but not limited to scheduling meetings, providing meeting materials, maintaining meeting records, providing reporting as requested and coordinating training and education as needed.
  • Work with Director of Operations and Organizational Development to investigate and deliver cost-effective benefit plans and other incentives or fringe benefits that the organization may offer employees with the goal of retaining and attracting qualified individuals.
  • Assist in the design, implementation, and timely calculations of wage incentives (including Living Wage) and salaries for the staff.
  • In partnership with Senior Management Team, ensure disaster recovery and business continuity plans are in place, communicated and tested regularly, as appropriate.

3. Core Competencies

Knowledge of:

  • Not-for-profit accounting (fund accounting) in accordance with U.S. Generally Accepted Accounting Principles, OMB Circulars A-133, A-110 and A-122,
  • Financial and accounting practices and procedures of a lending institution offering commercial and consumer loans, including funding, loan servicing, portfolio management, capitalization practices and loss/risk management; Community Development Financial Institutions (CDFI) industry highly desirable.
  • Grant development and third-party contract administration processes
  • Fixed Income Portfolio Management
  • General office software, particularly the Microsoft Office 365, and fund accounting software (currently Fund EZ)
  • Familiarity with databases, Salesforce highly desirable.


  • Work well on a team leading a values-driven, community lending organization
  • Create and assess financial statements, budget documents and all related reporting.
  • Analyze data, forecast economic trends and develop and execute strategies to meet desired outcomes
  • Speak and write effectively addressing a broad-range of audiences.
  • Foster and cultivate business opportunities and partnerships.
  • Effective supervisory, management and organizational skills; lead teams and manage systems conversions
  • Recognize and be responsive to the needs of all clients of the organization, including funding organizations, the Board of Directors, local community advocates, participants, and employers.
  • Supervise staff, including regular progress reviews and plans for improvement.

4. Required Experience & Certifications


  • Completion of a master's degree at an accredited college or university or equivalent combination of education and work experience.
  • Certified Public Accountant (CPA) preferred.


  • Three to five years as CFO/Controller/Finance Director for a $100+ million bank, credit union, CDFI or similar lending services company.
  • Minimum of 5 years of management experience.


The position is currently located in Hartford, CT but will be relocating to Wallingford, CT in June 2019.