About City First Enterprises

City First Enterprises (CFE) is a financial institution working at the intersection of financial innovation and impact investment in the quest for a more equitable economy. CFE’s capital allocation vehicle is the Equitable Growth Fund, a loan fund designed to provide accessible debt capital to entrepreneurs, innovators, and change-makers working in affordable housing, small businesses, education, nonprofits, community facilities, green energy, and commercial real estate.

CFE is a Community Development Financial Institution (CDFI), a designation given by the United States Treasury to organizations expanding economic opportunity in low-income communities by providing access to financial products and services for residents and businesses. CFE is part of the City First Family of organizations, including City First Bank and Homes by CFE.

To learn more about our organization, please visit our website at https://www.cfenterprises.org/

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The Position

The Director of Finance has a senior supervisory role within CFE’s leadership team, responsible for overseeing all accounting and financial operations. Reporting directly to the CEO, this position manages the day-to-day functions of budget development, payroll, accounts payable, grant billing, transaction processing, month-end and year-end closings, financial reporting (including presentations to the Finance & Audit Committee and Board), cash flow planning and analysis, and coordination of the annual audit. This role directly supervises two staff members within accounting and finance operations and will manage any consultants engaged in projects for the department.

The Director will maintain a robust system of financial controls and budgeting processes to mitigate risk, ensure the accuracy of financial reporting, and uphold compliance with generally accepted accounting principles (GAAP) or international financial reporting standards (IFRS).

This position is based in our Washington, DC, headquarters, requiring a minimum of 2 days per week in the office.

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Essential Functions and Responsibilities

Financial planning

• Maintains all systems of accounts and records.  Develops and implements accounting policies, coordinates systems and procedures, and prepares financial analyses and reports.
• As an integral part of the management team, establishes, coordinates and/or administers a plan for the control of operations, including programs for capital investing and financing, forecasting and budgeting.
• In conjunction with the CEO and CFO, monitors activity against the budget and adjusts the forecast accordingly.
• Oversees annual audit, tax return reporting, and assists with the oversight of all other compliance requirements of the organization.
• Provides other members of the leadership team with the financial information required to carry out their duties and responsibilities.
• Ensures the protection of assets through internal control and proper insurance coverage.
• Manages the organization's cash flow in conjunction with the CEO and CFO through timely cash flow forecasting that evolves as necessary as events occur.
• Reviews and approves all financial transactions prior to execution.
• Establishes strong relationships with funders and lenders.
• Manages banking and investment relationships.
• Ensures accurate and timely financial reporting to the CEO and the Audit and Finance Committee on a monthly basis.
• Prepares financial metrics/graphs/dashboards for the CEO, the Board of Directors, and investors
• Serves as a resource to the CEO on all matters related to the overall organization's objectives.

Accounting

• Ensure that accounts payable are properly recorded and paid in a timely manner.
• Record all grant activity and ensure appropriate documentation is maintained.
• Ensure that accounts receivable are collected promptly.
• In conjunction with the COO, track the life cycle of loans; review and monitor loan activity.
• Ensure that monthly bank reconciliations are completed in a timely manner.
• Reconcile other balance sheet accounts as required.
• Ensure that required debt payments are made on time.
• Maintain an orderly accounting filing system.
• Maintain a system of controls over accounting transactions.

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Requirements

Education and/or Experience  

• Bachelor’s degree in Accounting/Finance, CPA
• At least 10 years’ experience in a financial role, with at least 3 of those years being in a management position
• Experience with federal government grant reporting requirements
• Experience with multi-programming/fund accounting
• Familiarity with federal grant reporting requirements and the uniform guidance single audit
• Experience with Intacct and/or other accounting platforms

Preferred:  

• Experience working with a Board of Directors in a non-profit financial role
• Experience working with multiple entities, affiliates, and CDFIs is a plus
• Experience working in/with a bank

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Compensation

The annual salary range is $130,000-$160,000 and is commensurate with experience. CFE offers a generous benefits package that includes employee-sponsored health and dental, life insurance, a health savings account with annual employer contributions, a retirement plan with employer matching, and a generous paid time off program.

Our robust benefits package includes:

- 403b with employer match
- Medical, dental, and vision insurance with employer contribution
- $2,800 annual HSA employer contribution for a family; $1,400 for an individual
- 16 PTO days to start; more after three years
- 13 paid holidays
- 7 paid sick days
- End of Year Winter Break
- Employer-paid short-term and long-term disability insurance
- Home office funds
- Transportation benefit
- Professional development benefit
- Employer-paid life insurance

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Working at CFE

CFE offers a unique start-up-like work environment that is open, innovative, and collaborative. We are committed to serving the communities we work and live in by leveraging financial tools, creativity, and technology. CFE is the right fit for intellectually ambitious individuals, willing to work hard and always holding him or herself accountable to a high bar of performance.

The City First family of organizations is dedicated to promoting diversity, multiculturalism, and inclusion in our work and hiring practices. City First Enterprises entirely focuses on equality and economic inclusion and believes that diversity in opinion and background only helps further that mission.

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Timing

Selected candidates will be contacted for an initial phone screen on a rolling basis.  

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To Apply

Please apply through the link on our website portal and send us your resume and cover letter. Questions may be directed to jobs@cfenterprises.org. Please do not make phone calls.

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CFE is an Equal Opportunity Employer

We provide equal employment opportunities to all people regardless of ethnicity, age, religion (and lack thereof), disability that can reasonably be accommodated, marital status (including domestic partner status), ancestry, nationality, national origin, family status, sex (including pregnancy, childbirth, and related medical conditions), other medical condition (physical or mental), AIDS/HIV status, genetic information, sexual identity, gender identification (including transgender status), sexual orientation, and veteran status.