Chief Financial Officer With Cra Experience

TITLE:Chief Financial Officer

STATUS: Full Time/ Exempt/Executive Management

REPORTS TO: President/CEO

PRIMARY PURPOSE

Directs and oversees all the financial activities of the corporation, including development, enhancement and maintenance of sound financial systems within acceptable accounting standards; oversees preparation of timely internal and external financial reports and audits; creation, and monitoring of the annual budget; planning and oversight of cash liquidity including collateral management related to secured debt facilities; utilize modeling software for creating various financial scenarios. In addition, the Chief Financial Officer (CFO) is responsible for monitoring and ensuring compliance with all regulatory, tax, investor, New Markets Tax Credits (NMTC) and CDFI Fund reporting requirements and oversees the Loan Servicing Department.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Financial Management and Reporting:

• Direct the preparation of all financial and investor reports and schedules, including monthly/quarterly Financial Packages, NMTC financials, reports to shareholders, corporate and LLC tax returns and reports for government regulatory agencies. Oversee preparation for annual audits for Parent Company, CRA Investment Funds, NMTC LLCs and NMTC Investment Funds.
• Plan, develop and oversee annual and three-year forecasts. Review staff reports analyzing projections against actual figures, budgeted expenses against final totals and suggest methods of improving the planning process as appropriate. Utilize financial modeling software for analysis of scenarios with a variety of financial and economic assumptions.
• Study long-range economic trends and projects company prospects for future growth in overall sales and market share, opportunities for acquisitions or expansion into new areas. Analyze company operations to pinpoint opportunities and areas that need to be expanded, reorganized, downsized, or eliminated. Confer with president and other executive management to coordinate and prioritize strategic planning.
• Direct and oversee the liquidity of the company with regards to operational cash flow involving strategic utilization of available sources of funds and required ratios.
• Work with Executive Team on strategies related to capital raising and GAP analysis of portfolio loan and debt maturities. Review periodic cash and liquidity forecasts and approve general direction for controller managing requirements for loan originations and operating liquidity.

Compliance

• Oversee preparation of periodic reporting and compliance certifications such as CDFI Fund CIIS, investor certifications and covenant analysis, Department of Corporation Annual Lender Reports, NMTC investors, including all required semi-annual CDE and QALICB compliance reporting.
• Oversee preparation of K-1s and Partnership tax returns for NMTC LLC’s.
• Oversee the Loan Servicing Department. Monitor delinquencies, maturities. Work with Loan Servicing Manager on workout strategies. Review problem loans/proposed solutions with Executive Team. Assist with NMTC loan workouts and LLC dissolution.
• Responsible for the organization’s risk management functions, including quarterly analysis of loan loss reserve matrix factors and impairment analyses as appropriate.
• Oversee annual 1099/1098 reporting and filing.
• Serve on the Executive Compensation Committee. Responsible for preparation of Annual Compensation and Long-Term Incentive Compensation Plan (LTICP) Schedules and Analysis for Committee. Quarterly LTICP performance analysis for Executive Team.
• Work in conjunction with Human Resources and potential other stakeholders regarding finance related items that are confidential in nature. These items can include but are not limited to the evaluation of compensation and bonus budgets, new employee compensation plans, 401k matches, and the review of payroll processing for internal controls/separation of department duties.

*The foregoing essential duties and responsibilities have been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this position.

SUPERVISORY RESPONSIBILITIES

This position directly supervises the Controller, the NMTC Accountant and the Loan Servicing Manager with overall responsibility of the Accounting/Finance and Loan Servicing Departments.QUALIFICATIONS:

The requirements listed below are representative of the knowledge, skills, and/or abilities required for this position.

Knowledge, Skills & Abilities:

• Strong management skills.
• Excellent communication and presentation skills.
• Strong project management skills.
• Effectively delegates work assignments, gives authority to work independently, sets expectations and monitors delegated activities.
• Ability to read, analyze, and interpret the most complex documents.
• Ability to respond effectively to the most sensitive inquiries or complaints.

Education and/or Experience: Master’s degree (MA/MS) or equivalent; or ten to fifteen years related experience and/or training; or equivalent combination of education and experience is required. Must have banking/financial institution experience. Must have knowledge of CRA (Community Reinvestment Act) and how it relates to the banking/finance industry. A minimum of three years as a CFO is preferred. Experience/knowledge of taking a company public is a plus.

Certifications, Licenses, Registrations: Certified Public Accounting (CPA) designation is a plus.

Job Type: Full-time

Pay: $180,000.00 - $260,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible schedule
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Work setting:

• Remote

Education:

• Master's (Required)

Experience:

• CFO: 3 years (Required)

Work Location: Remote