Executive Vice President, Chief Financial Officer

About Opportunity Finance Network (OFN)

Opportunity Finance Network (OFN) is a Washington, D.C.-based organization that serves as the leading intermediary and network focused on community development finance in the United States. With over $1 billion in assets under management, OFN supports a membership of more than 400 community development financial institutions (CDFIs), including community development loan funds, credit unions, green banks, banks, minority depository institutions, and venture capital funds. These CDFIs work to ensure that communities underserved by mainstream finance have access to affordable, responsible financial products and services, with a particular focus on rural, urban, and Native communities across the U.S. OFN partners with various sectors including public, private, and philanthropic organizations such as foundations, corporations, banks, and government agencies. Over its nearly 40-year history, OFN has facilitated significant investments in underserved communities, driving economic opportunity and transformation. In 2023, OFN was awarded $2.29 billion from the U.S. Environmental Protection Agency to advance the clean energy transition in low-income and disadvantaged communities, marking a critical step in addressing the climate crisis and promoting environmental justice.

About this Role

The Executive Vice President (EVP), Chief Financial Officer (CFO) at OFN is responsible for ensuring the organization’s financial strength, stability, risk management, and appropriate operational and capital liquidity. This role entails overseeing OFN’s budget, financial performance, and organizational metrics. The CFO leads the budget formulation process in collaboration with the EVP, Chief Operating Officer, and President & Chief Executive Officer, and is also responsible for managing financial and organizational data for OFN’s annual audit and Aeris rating. As a key member of OFN’s Executive Leadership Team, the CFO oversees the Accounting and Finance Team and works closely with the Finance Committee and the Treasurer of the Board of Directors. The CFO plays a critical role in both the strategic and operational aspects of the organization, ensuring compliance with accounting standards and regulatory requirements, leading financial strategy and planning, and providing strategic financial guidance.

Responsibilities

• Participate in strategic and organizational planning initiatives as part of the Executive Leadership Team.
• Provide financial leadership to support strategic initiatives and decision-making.
• Collaborate with other executives to align financial goals with organizational objectives.
• Represent OFN externally on financial matters, engaging with stakeholders such as members, partners, funders, investors, and government officials.
• Manage the Finance & Accounting team, including staff development and training.
• Serve as a key advisor to the President & CEO and the Board of Directors on fiscal matters.
• Develop and monitor OFN’s annual operating budget and long-range financial projections.
• Provide timely and accurate financial reports to key stakeholders.
• Develop and enforce financial policies and procedures to ensure sound financial management.
• Oversee organizational procurement processes and vendor relationships.
• Develop and implement treasury and cash management strategies.
• Manage relationships with financial institutions and oversee efficient banking operations.
• Oversee internal and external audit processes and serve as the liaison to auditors.
• Establish a comprehensive financial risk management framework.

Requirements

• Experience as a CFO strongly preferred.
• 10+ years of professional experience in accounting, financial management, or investment banking required.
• Strong financial, analytical, and writing skills.
• Strong oral presentation, communication, and negotiating skills.
• Experience in corporate finance including asset-liability management, cash flow management, and budgeting.
• Experience with financial reporting, audit, internal controls, and data analytics.
• Proven track record of success in organizational change and development.
• Experience leading a team of financial professionals.
• Experience with federal grant compliance.
• Passion for and commitment to OFN’s mission.

Benefits

• Competitive salary range of $250,000 to $300,000.
• Opportunities for professional development and career advancement.
• Collaborative and mission-driven work environment.
• Comprehensive benefits package (details not specified in the provided document).