Note: The job is a remote job and is open to candidates in USA. Nonprofit Finance Fund (NFF) is a nonprofit lender, consultant, and advocate dedicated to building community wealth and well-being. The Chief Financial Officer (CFO) will oversee NFF's financial strategy, ensuring the organization's financial model sustains mission impact and long-term resilience while managing a diverse capital and revenue structure.
Responsibilities
- Serve on the executive team, shaping NFF’s strategic direction and ensuring strong financial health and sustainability
- Advise executive leadership on financial implications, tradeoffs, and risks of business decisions
- Partner with the Board of Directors’ Audit Committee and Finance & Operations Committee, serving as a primary liaison in collaboration with the Chief Operating Officer
- Set and lead NFF’s financial vision, strategies, operations, and policies to support long-term sustainability and effective risk management
- Lead modernization of financial systems and data infrastructure to ensure accuracy, automation, and integration across platforms (e.g., ERP, Salesforce, lending systems)
- Build and lead a high-performing finance team, fostering accountability, integrity, and continuous development
- Represent NFF externally by (1) sharing how NFF builds equitable prosperity through capital, consulting, and advocacy; (2) partnering with funders, investors, and partners to advance NFF’s goals; and (3) contributing to field-wide learning and impact
- Communicate NFF’s financial position, performance, and outlook to the Board of Directors, leadership, staff, and external parties providing clear analysis and insights to inform decision-making
- Provide financial analysis to support organizational strategy, including evaluation of new and existing business models
- Strengthen data governance and reporting capabilities to enable timely, enterprise decision-grade insights
- Drive continuous improvement in financial processes, tools, and reporting frameworks
- Lead multi-year financial planning, annual budgeting process and performance (including variance analysis), rolling forecasts, and scenario analysis to ensure strong financial visibility and discipline
- Lead NFF’s capitalization strategy, managing a diversified capital stack to support a balanced approach to meeting client needs, mitigate risk, and optimize earning potential
- Maintain strategies and policies for cash management, liquidity, and capitalization to ensure strong stewardship and prudent risk management
- Raise lending capital to meet portfolio growth goals and mission impact
- Maintain and build relationships with banking and investor partners
- Provide executive leadership on the Asset-Liability Committee (ALCO), providing risk management insight related to liquidity, asset-liability matching, portfolio losses, and interest rate margin
- Establish investment policies, partnering with investment advisors as needed
- Ensure the integrity of all accounting and financial reporting operations, ensuring accuracy, transparency, and strong internal controls across the enterprise
- Oversee annual audit and tax processes for NFF and related entities, including programmatic LLCs and New Market Tax Credit entities
- Co-lead enterprise risk management efforts (ERM), partnering with Chief Operating Officer and Chief Credit Officer to define and operationalize NFF’s risk appetite
- Align financial planning with portfolio performance, including loss expectations, CECL considerations, and risk-adjusted returns
- Integrate financial, credit, and capital perspectives to support a disciplined approach to portfolio growth
- Contribute to external ratings readiness (e.g., S&P, AERIS, Fitch) through strong financial governance, data integrity, and risk transparency
- Set the vision and structure for the Finance team to effectively support NFF’s strategy and operational complexity
- Build organizational capacity by developing a diverse team of finance professionals, strengthening leadership within the team, leveraging technology as a core tool, and ensuring continuity and depth in key functions
- Assess and evolve financial systems, processes, tools, and resourcing to meet the needs of a growing and increasingly complex organization
Skills
- Fifteen (15) years of progressive financial leadership experience, preferably in the CDFI or financial services industries or in a large, complex nonprofit, with at least five (5) years of direct people management responsibility
- One (1) or more of the following credentials: MBA, Masters in Accounting, CPA, or CMA
- Experience serving in a senior finance leadership role (e.g., CFO, VP, or equivalent) with enterprise-wide responsibility
- Experience overseeing multiple core finance functions, including financial strategy, planning, analysis, treasury, GAAP accounting, internal controls, compliance, auditing, and capital raising
- Experience managing complex revenue models, including restricted grants, Federal funding, and earned revenue/fee-for-service or investment/interest income
- Proficiency with enterprise financial systems (e.g., ERP platforms) and advanced use of spreadsheet or financial modeling tools
Benefits
- Up to twenty (20) paid holidays/business closure days
- Three (3) floating holidays
- Unlimited flexible time off
- Group medical insurance with a funded health reimbursement account
- Dental and vision plans
- Life insurance and disability plans
- A retirement plan with both a non-elective employer contribution (4%) and additional match contribution (up to 2%)
- A “work from home” fund
- Flexible spending accounts to cover health, dependent care, and commuter costs
Company Overview