About the Organization
NFF strives to enable communities to get control of the resources they need to drive equitable progress. As pragmatic idealists, NFF aims to build a movement of community leaders bolstered by transformative capital and financial knowledge who can navigate the challenges of the flawed funding and financing system today. And NFF works to shift funding and financing practices so more money flows with less restriction to all community-led efforts in the future.
NFF knows how powerful finance can be and how to help nonprofit leaders seize that power. NFF provides financing that helps nonprofits and social enterprises expand opportunity in low- and middle-income communities, advises nonprofits and funders on how best to connect money to mission and impact, builds partnerships to turn money and goodwill into positive outcomes, and provides accessible insights about nonprofit finance to empower the non-finance experts who run nonprofits, foundations, and government agencies. NFF team members recognize their strength comes not just from their technical expertise but from their ability to live NFF's five values (www.nff.org/values).
Founded in New York City in 1980, NFF was among the first U.S. impact investors. NFF now manages over $352 million in investment capital, primarily borrowing from large banks. Since 1980, they have provided ~$900 million in financing and access to additional capital in support of over $3 billion in projects for thousands of organizations nationwide. Operating nationally from five offices, NFF has 82 professional staff and an annual operating budget of ~$18 million. For more information, please visit https://nff.org/
About the Position
NFF is seeking an innovative and strategic leader that can partner with its CEO, senior leadership team, staff, Board, and partner organizations to re-imagine NFF in its next phase of growth while supporting current operations. Serving as a key member of NFF's senior leadership team, the CFO will act as a trusted advisor to internal and external stakeholders, synthesizing data, supporting decision-making, and overseeing strong systems and operations.
Reporting to the CEO, the CFO will lead the Finance and Administration team; overseeing the finance, IT, and talent and organizational effectiveness functions (4 direct reports and an overall team of roughly 15) and will be the primary contact for the Board's Finance and Budget Committee and Audit Committee.
Organizational Leadership & Strategy
- Partner with the senior leadership team, staff, and Board to set organizational priorities, meet growth goals, and address strategic challenges as they arise
- Support the design and development of new capital structures that enables NFF to source new funds, with the goal of ensuring that NFF is the best possible platform for enabling communities to take control of resources needed to meet their goals
- Serve as a thought partner and advise the CEO and the senior leadership team as NFF works to continuously evolve to meet the needs of its partners, and the broader nonprofit sector
- Provide guidance and thought partnership on strategic issues and decisions, informed by rigorous financial analyses, risk assessments, "what if" scenario modeling, and due diligence
- Analyze business results and lead structured processes for allocating resources toward the initiatives most aligned with organizational priorities, needs, and values
- Foster a culture that encourages both growth and innovation by developing strategic and operating plans that support NFF's business model and objectives
- Lead a team of roughly 15, including: Finance (accounting, reporting, and control), Financial Planning & Analysis (budgeting, analysis, planning, cost containment), Talent & Organizational Effectiveness (hiring, staff development, compensation, and benefits), and Operations (facilities, cross-business unit processes, compliance, internal information)
- Serve as an exemplar of NFF's values and support direct team members and all the broader staff to live NFF's values consistently
- Communicate a compelling vision and strategy for the finance function as a whole; manage team goals to ensure successful execution of that strategy
- Coach and mentor a highly engaged and effective team to achieve ambitious results, supporting a high standard of excellence and accountability; support team members' learning, development, and career growth
- Work with the Operations and Talent and Organizational Effectiveness teams to provide support in the development of operating and staffing plans (including staff compensation and benefits)
- Build a team culture of optimism, excellence, transparency, and adaptability in a dynamic environment
- Partner with the CEO and Board, and Finance Committee to most effectively deploy investment capital to achieve the organization's long-term strategic initiatives
- Recognize and anticipate opportunities and challenges related to financial systems and processes, develop solutions to address these systems and processes
- Develop dynamic financial and business planning models, along with performance metrics that drive the development of monthly and quarterly reports, as well as the annual budgeting process
- Ensure effective compliance with funder and regulatory restrictions, often in partnership with other business unit leaders; develop processes that evaluate and mitigate risk on an ongoing basis
- Manage, in partnership with the finance team, all finance and accounting functions, including objective setting, budgeting, control, reporting, compliance, audit and policy
- Oversee tax, regulatory, and audit for NFF and controlled entities to ensure that financial policies and procedures are implemented and upheld
- Report financial information and trends to the Board and manage relationships with the Board's Finance and Budget and Audit committees
Compensation and benefits:
Salary and benefits will be competitive and commensurate with experience.
Nonprofit Finance Fund is deeply committed to its core values, and is particularly committed to living its value of Equity in Action -- NFF therefore committed to dismantling racism both within NFF and across the communities it serves.
NFF is an equal opportunity employer and does not discriminate against any applicant or employee because of race, color, religion, sex, national origin, disability, genetic information, age, or military or veteran status. NFF's organizational commitment to Equity in Action includes proactive efforts to advance diversity and inclusion in its recruitment and encourages candidates from all backgrounds to apply for this role.