Chief Financial Officer

Chief Financial Officer

Chief Financial Officer


Job Code: 70829
Location: Roxbury, MA US
Travel Involved:
Job Type: Full Time
Job Level: Senior Executive (President, CFO, etc)
Education: Bachelor's Degree
Skills:
Category: Accounting/Auditing,Financial Services
Position Summary:

Are you seeking an opportunity to use your sophisticated financial skills for a high impact, innovative, mission-driven business?

Boston Community Capital (BCC)is a private, multi-company, non-profit, community development financial institution with a 27-year track record of helping to build healthy communities where low-income people live and work. In the last dozen years, BCC has grown its assets under management from approximately $30 million to almost $700 million. BCC has accomplished that growth with a small, highly effective team. In fact, notwithstanding a twenty-times growth in assets under management, BCC has maintained its staff at approximately twenty full-time equivalents. It has also maintained an excellent ratio of assets under management to personnel cost. 2010 revenues exceeded $16 million. The organization is fully self-sustaining and has been so for many years.

To date, BCC has invested over $650 million in underserved communities nationwide, financing:
· Over 11,000 affordable homes
· Over 800,000 square feet of inner-city commercial real estate
· Child care facilities serving over 7,000 children
· Schools educating over 2,800 students
· Businesses creating over 1,800 jobs
· Over 2.5 million acres of sustainably managed timberlands in distressed, rural areas
· Over $14 million in residential mortgages through a nationally recognized foreclosure relief initiative known as SUN (Stabilizing Urban Neighborhoods)

In 2010, BCC received the NEXT Award in Opportunity Finance, the premier national award for innovation in community development finance. BCC has also been featured in many local and national news publications, including PBS NewsHour, The New York Times, The Boston Globe and National Public Radio. In April 2011, Boston Community Capital was cited by Federal Reserve Chair Ben Bernanke for its effective community-based response to the foreclosure crisis. Although various BCC business lines are regional and national, the organization is headquartered in the Dudley Square neighborhood of Boston.

Chief Financial Officer

The role of CFO at BCC requires an individual with extensive knowledge of treasury, financing, accounting, investing, project finance, tax credits and multi-affiliate non-profit and for-profit accounting practices.

As the Chief Financial Officer we will rely on you to oversee the financial, accounting, tax and compliance functions for BCC’s multi-company, national operations and to participate in the planning and implementation of BCC’s strategic growth and new initiatives as a key member of the BCC senior management team reporting directly to the CEO.

Responsibilities:
· Work with senior staff to assure adherence to all required compliance, regulation and financial reporting required of BCC’s various businesses
· Play a key role in ensuring BCC’s nimble response to emerging opportunities in our market
· All financial matters of Boston Community Capital and its affiliate organizations
· Partner with the senior leadership and the Board of Directors to develop and implement strategies across the organization
· Oversee all compliance and recognition for government (federal and state) contracts and private grants
· Oversee cash flow planning and ensure availability of funds as needed
· Oversee cash, investment and asset management
· Oversee financing strategies and activities, as well as banking relationships
· Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans
· Coordinate the development and monitoring of budgets
· Develop financial business plans and forecasts
· Participate in corporate policy development as a member of the senior management team
· Engage senior management to develop short-, medium- and long-term financial plans and projections. Review these plans with the appropriate committees of the Board of Directors
· Represent the company to financial partners, including financial institutions, investors, foundation executives, auditors, public officials, etc.
· Remain up-to-date on non-profit audit best practices and state and federal laws regarding non-profit operations
· Oversee the accounting department to ensure proper maintenance of all accounting systems and functions
· Supervise BCC’s finance staff
· Ensure maintenance of appropriate internal controls and financial procedures
· Ensure timeliness, accuracy and usefulness of financial and management reporting for federal and state funders, foundations and BCC’s board of directors
· Oversee the preparation and communication of monthly and annual financial statements
· Primary liaison with outside auditors and finance committees
· Lead the audit planning, significant accounting policies and their adoption
· Review tax returns prepared by outside accountants prior to company officer sign-off
· Work with accountants on tax planning

Requirements

Qualifications:
The CFO will be a seasoned and mature leader with at least 12-15 years of broad finance experience, ideally beginning in audit and/or tax, followed by experience gathering and evaluating financial information and making actionable recommendations to senior leadership. Along with the following skills, abilities, knowledge, attributes and experience:
· Experience managing finance (accounting, budgeting, control and reporting) for a complex non-profit with multiple funding sources including government (federal and state) contracts and an affiliate structure with diverse program areas delivered nationally
· A minimum of a BS and a CPA; MBA would be a plus
· 5+ years experience as CFO or equivalent, preferably in a complex organization that has multiple affiliates and a track record of escalating knowledge of investment mechanisms
· Experience in a senior financial management role, partnering with executive staff, resulting in the development and implementation of creative financial management strategies
· Significant experience in or knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance and reporting
· Experience working with information technology staff of consultants to manage finance and accounting software packages
· Excellent written and oral communication skills
· Demonstrated leadership ability, team management and interpersonal skills
· Excellent analytical, organization and abstract reasoning skills
· Ability to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while managing a finance staff

Benefits:
BCC offers a competitive salary as well as an attractive benefits package including four weeks of vacation, family health and dental coverage, flexible spending accounts, long term disability insurance, life insurance and a 401(k) retirement plan with employer match.