Chief Financial Officer - Posted for a partner organization

Chief Financial Officer  

Work Location: Remote 

Position Overview

The Power Forward Communities (PFC) organization and coalition seeks a visionary and strategic leader to serve as its Chief Financial Officer (CFO).  Please note: Although this role is listed on Rewiring America's website for visibility purposes, the position will directly support the PFC team.

PFC is a coalition of trusted organizations — Enterprise Community Partners, United Way Worldwide, Habitat for Humanity International, Local Initiatives Support Corporation, and Rewiring America — that have collectively spent decades building stronger, healthier, affordable homes with a focus on low-income communities. 

These five organizations have come together to pioneer sustainable decarbonization solutions for single- and multi-family homes in low-income disadvantaged communities and to drive a market transformation that will reduce energy costs and increase health and safety benefits in communities nationwide. PFC has been selected by the Environment Protection Agency to receive a $2 billion grant under the National Clean Investment Fund competition to drive this market transformation.

The Chief Financial Officer (CFO) is an executive organization- and coalition-wide position that reports directly to the Chief Executive Officer and liaises with the Board’s Finance and Investment Committee and Audit Committee. The PFC CFO leads the financial operations of PFC; supervises budgeting, forecasting, accounting, and financial reporting; and oversees adherence of financial reporting to all relevant legal, regulatory, and professional standards. The CFO is also responsible for managing all outside audit and tax firms engaged to represent the organization as well as key banking relationships.   

Key Responsibilities

The PFC Chief Financial Officer (CFO) will be the cornerstone of our coalition's financial success, reporting directly to the Chief Executive Officer with the following key responsibilities:   

• Leading all finance, accounting, and tax affairs for the organization and the coalition, and performing all the duties incident to the office of a treasurer and such other duties as from time to time assigned to them by the Chief Executive Officer or the Board;
• Leading all activities related to the assets, the liabilities, and the financial condition of the organization, including management of cash and investments, third-party and intercoalition borrowing, oversight of transactions, and ensuring funds are held in appropriate financial institutions;
• Acting as the primary liaison to the PFC Board’s Finance and Investment Committee, including agenda setting and reporting;  
• Advising on matters of financial and strategic importance to the Chief Executive Officer and other senior leaders, including participating in strategic discussions, capital allocation, key performance indicators, and major transactions; 
• Managing the PFC organization budget and the PFC grant, including  evaluation of the financial risks to which the organization and coalition may be exposed as well as allocation of shared expenses equitably and transparently among the coalition members; 
• Building and maintaining financial data models, reporting systems, dashboards, and performance metrics to identify business trends and guide data-driven decision-making; 
• Preparing all financial statements, including income statements, balance sheets, tax returns, and governmental reporting requirements, and ensuring that financial statements are accurate and timely as well as comply with generally accepted accounting principles; 
• Building and maintaining financial data models, reporting systems, dashboards, and performance metrics to identify business trends and guide data-driven decision-making.; 
• Monitoring and advising on emerging trends in the operating model, housing finance, and building decarbonization, working closely with the Chief Investment and Impact Officer; 
• Managing financial and liquidity risk for the organization and coalition as well as assuring compliance with all applicable financial covenants, audits, regulatory requirements, and other compliance policies, working closely with the Chief Legal and Risk Officer and the Chief Audit Executive;
• Defining standards and practices for business financial operation as well as assessing, advising on, and managing financial and regulatory risk in close collaboration with CFOs of the PFC coalition members;  
• Determining the right balance in-house expertise and outsourced support of financial functions for PFC the organization;   
• Collaborating with the CEO and other senior leaders to ensure a culture of integrity and compliance across the organization and the coalition, while fostering the growth and success of the business;.
• Collaborating with the VP of Human Resources regarding analysis of the cost of self-insured health benefits programs, compensation and incentive plans, and other employee benefits; 
• Collaborating with the Chief Legal and Risk Officer to ensure that all corporate governance, business license filings and documentation regarding all entities are maintained and managed; 
• Collaborating with the Chief Operating Officer to guide, organize, and centralize the management of all contracts, third-party vendors, and procurement; and, 

Collaborating with the Chief Audit Executive and the Board’s Audit Committee to oversee any financial and performance audits performed by independent public accounting firms or the government and any audits related to the Single Audit Act.

Requirements

 Primary Qualifications

• At least 15 years of experience in financial management, explicitly federal grant management and fund development and/or tax credit projects is required;
• Mature leader with broad and deep financial experience, ideally beginning in accounting, followed by experience gathering and evaluating financial information and making accountable recommendations to senior/executive leadership;  
• A strong understanding of government programs and public/private partnerships as well as direct experience managing large federal grants;
• Experience leading the finance function (accounting, budgeting, financial, and tax reporting) with a diverse employee population, with knowledge and experience in managing and organizing financial risk across multiple organizations (e.g., coalition members, affiliated entities, subsidiaries);   
• Experience in capital allocation across multiple divisions or a multi-organizational coalition; 
• Experience in all aspects of nonprofit accounting and financial management, including auditing financial statements, managing 990 reporting, and overseeing single audits; 
• Well-rounded, engaging, and personable individual with demonstrated leadership who can influence and educate and be well-received within and outside the organization; 
• Collaborator with excellent organizational and communication skills both oral and written with internal and external customers;
• Highly driven to serve and succeed, and adept at navigating ambiguity and complexity as well as divergent options; 
• Ability to bring strategic change both within and outside the organization; 
• Strong visionary and strategic thinking skills centered on mission combined with a strong management capability with the ability to lead and manage a diverse set of professionals; and,   
•  Experience working with coalition member organizations (e.g., similar to working with subsidiaries or affiliated entities). 

Benefits

Total Rewards  

Compensation for this role has a base salary ranging from $350,000-$425,000. 

Consistent with applicable law, compensation will be determined based on the skills, qualifications and experience of the applicant along with the requirements of the position.

• PFC offers a competitive and generous package, including but not limited to:
• Company paid medical, vision and dental for employees and qualified dependents
• Company paid life insurance and AD&D insurance 
• Company paid parental and caregiver leave 
• Company paid adoption and surrogacy benefits
• Health Advocate and Teledoc services 
• Tuition Reimbursement benefits 
• Two weeks vacation, two personal days, and 11 sick days annually  
• 11 paid company holidays 
• 401(k) with a firm match of up to 6% of compensation
• Optional Discretionary Account program 
• Company paid medical, vision and dental for employees and qualified dependents
• Company paid life insurance and AD&D insurance 
• Company paid parental and caregiver leave 
• Company paid adoption and surrogacy benefits
• Health Advocate and Teledoc services 
• Tuition Reimbursement benefits 
• Two weeks vacation, two personal days, and 11 sick days annually  
• 11 paid company holidays 
• 401(k) with a firm match of up to 6% of compensation
• Optional Discretionary Account program