Chief Financial Officer

Company: TruFund Financial Services

Location: New York, NY

Job Function: Finance


TruFund Financial Services, Inc. (“TruFund”) is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund. Headquartered in New York City. Our mission is to promote and foster economic development within underserved communities and among disadvantaged populations. TruFund achieves this by providing innovative financial solutions that have TruImpact, revitalize communities, and create jobs. As a nonprofit, mission-driven entity. TruFund offers affordable loan capital to small businesses and nonprofit organizations that are financially viable but have difficulty accessing capital from banks or other conventional lenders. TruFund was established in 2005 as a nonprofit organization that advances economic opportunity for people, businesses, and communities in need. TruFund offers more than a loan–we provide an opportunity for underserved small businesses and low-income communities to thrive. We also have field offices in Louisiana, (New Orleans and Baton Rouge) Georgia, (Atlanta) Texas (Houston and Dallas) and Alabama (Birmingham).


Position Description:

Reporting to the Chief Executive Officer, TruFund Financial Services is seeking a Chief Financial Officer located in New York to join the executive team of our growing nonprofit community development financial institution and manage all financial aspects, perform effective risk management, and plan the organization’s financial strategy.

The CFO must be well-versed in all aspects of financial management ranging from simple accounting to more complex accounting applications related to revenue recognition, cost allocation, ALLL methodology tax credit and equity investment structures. The ideal candidate will be an excellent leader since the role requires our CFO to maintain a strong financial oversight and working relations  with  all relative departments of the organization.  The successful candidate needs to apply in-depth knowledge of non-profit financial accounting standards, risk management methods and the ability to create forecasting models.


Roles & Responsibilities:

The Chief Financial Officer is responsible to

  • Provide financial management of TruFund’s operating business lines including our subsidiaries, Empowerment Reinvestment fund (New Markets Tax Credits) Tru-Capital Investment Fund, LLC, (Equity Investment Fund).
  • Effectively manage a staff of six (6) accounting professionals
  • Report on financial results and issues to the CEO and Board of Directors.
  • Prepare, analyze, and present monthly financial reports for the organization, its programs, and activities
  • Forecast return on investment (ROI) /profitability for current and future business lines and programs
  • Managing accounting and reporting for government and private grants
  • Oversee and review the preparation of all programs financial reporting required for funding sources.
  • Actively manage the day-to-day accounting and financial operations.
  • Ensure that finance staff maintains financial record systems in accordance with Generally Accepted Accounting Principles.
  • Develop budgets for the organization, its individual programs, and new/proposed/expanded services, including the preparation of budget revisions as needed.
  • Oversee TruFund’s banking and treasury management activities and actively manage TruFunds cash position  to ensure we maintain compliance with our liquidity covenants and meet organizational operational needs.
  • In conjunction with the CEO manage the negotiation and execution of contracts and credit facilities with capital providers, vendors and collaborative service providers.
  • Manage accounting control systems and internal audits enduring the accurate and timely production of accounting information and financial reports.
  • Monitor changes in the GAAP regulatory environment and implement changes in our procedures to maintain compliance while maximizing operational and financial results.
  • Manage TruFund’s IT MSP as well as our liability insurance program, including ongoing risk analysis.


Required Skills

  • General accounting and financial reporting procedures in accordance with GAAP, and OMB Circulars A-133, A-122 & ASC 958
  • Federal and State contract/grant budgeting/reporting procedures and requirements.
  • Payroll reporting and processing of payroll taxes.
  • Hands-on experience with accounting and financial management software (e.g. NetSuite) and operating system
  • Excellent knowledge of data analysis and forecasting methods
  • Expertise in NetSuite, MS Excel and Microsoft Office Suite

Education and Experience

  • Master’s degree in accounting or finance from an accredited college or university required.
  • 10-15 years of senior management experience in  accounting and financial management  preferably in the non-profit community development financial sector with an organization that had an operational budget of more than $10 million per year.
  • Certified Public Accountant designation required.

Compensation and Benefits

Salary: 190,000 to $220,000 per year

How to Apply

To apply, please email your resume and cover letter to with subject line: Chief Financial Officer.

TruFund is an Equal Opportunity Employer who values diversity in the workplace. Women and people of color are strongly encouraged to apply.