Chief Financial Officer

Company: Capital For Change

Location: Wallingford, CT

Job Function: Finance


Capital for Change (C4C) is a full-service Community Development Financial Institution (CDFI) in Connecticut offering capital solutions that create and sustain lasting positive change for low-income communities, broaden social and economic participation for underserved populations, and that encourage economic growth and environmental sustainability. We champion projects of all kinds with an approach that one size does not fit all, enabling us to create high impact products and programs that create affordable housing, assist nonprofit organizations, increase energy efficiency, finance mixed-use development, and support economic and community development.


Reporting to the President & CEO, the Chief Financial Officer supports the strategic vision of this $100 million, Community Development Financial Institution (CDFI) as its lead financial spokesperson. This includes fostering and cultivating stakeholder relationships on city, state, and national levels, as well as assisting in the development and negotiation of funding sources, contract administration services and related contracts.

The CFO supervises the Finance Department, provides leadership in assuring the organization’s financial strength and its capacity to grow. The CFO identifies new lending capital and acts as primary liaison with capital partners. Driven by the company’s mission, the CFO works as a vital member of the Development Team in pursuing grant opportunities that strengthen C4C’s ability to provide affordable financial products to the markets we serve.

Through dynamic and hands-on involvement, this position works collaboratively with Senior Management on strategic and tactical matters, focusing on all aspects of financial planning and budget management, capitalization, and the controls needed to ensure the financial health of the organization. This includes using data to inform process and performance improvement throughout the organization.

The CFO serves as the primary staff to the Finance and Audit Committee of the Board of Directors, and works closely with the CEO and Committee Chair in the Committee’s work. This position’s core management responsibility is the oversight of the capital development, budgeting and forecasting, risk and regulatory management, accounting, and the systems that properly document and report the financial position of the organization and its subsidiaries.



  • Attend Board and Committee meetings as required; act as lead staff to the Finance Committee, including but not limited to scheduling meetings, providing meeting materials, maintaining meeting records, providing reporting as requested and coordinating training and education as needed
  • Assist the President & CEO in identifying new programmatic and funding opportunities (i.e., loan capital, investments, grants, contracts), the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective program delivery


  • Manage Finance and Accounting staff. Oversee Accounts Payable and Accounts Receivable activities, including investor/funder accounts, loan servicing and Utility On-Bill Repayment programs
  • Develop and implement effective financial strategies, objectives, policies, and procedures. Develop and maintain systems of internal controls to safeguard financial assets of the organization and oversee governmental awards and programs and all funder requirements
  • Ensure adequate financial/accounting controls are identified, adequately documented and adhered to and that substantiating documentation is approved and available such that all processing passes independent auditing
  • In partnership with the Senior Management Team, develop annual operating budgets, support programmatic success through cost analysis, and ensure compliance with all contractual and programmatic requirements
  • Oversee the coordination and activities of independent auditors ensuring any audit issues are resolved, and the preparation of the annual financial statements is in accordance with U.S. GAAP and federal, state and other required supplementary schedules and information
  • Responsible for effectively managing risks including compliance, profitability, interest rates, and lending and operating liquidity
  • Monitor all banking activities of the organization
  • Oversee maintenance of the inventory of all fixed assets, capital needs budgeting and expenditures, and all purchasing and payroll activity


  • Oversee the management and coordination of all fiscal reporting activities for the organization and its subsidiaries, including: organizational revenue/expense and balance sheet reports, compliance/performance reporting to all funding sources, development and monitoring of organizational and contract/grant budgets
  • Oversee the production of periodic reporting such as funder and client reconciliations, internal and external financial compliance, loan portfolio activity, financial statements, cash flow projections, funding reports, performance metric reporting, and other internal reporting as needed internally or for use by Senior Management, the Finance Committee or Board of Directors




Must Have’s:

•Minimum of 3 – 5-plus years as CFO/Controller/Finance Director or senior level Risk Management for a $50 million bank, credit union, Community Development Financial Institutions (CDFI) or similar lending services company; minimum of 5 years of management experience

•Not-for-profit accounting (fund accounting) in accordance with relevant U.S. Generally Accepted Accounting Principles (GAAP); strong grasp of financial and accounting practices and procedures of a lending institution offering commercial real estate and consumer loans, including funding, loan servicing, portfolio management, capitalization practices, and loss/risk management

•Passion for C4C’s mission and goals; demonstrated track record of and proficiency in team leadership, effective management practices, and interdepartmental collaboration; mentoring, coaching, and developing spirit

•Tech-savvy, skilled in implementing process-enhancing technology; competence in centralizing and streamlining processes and systems; adept at driving process improvement and utilizing technology

•Superior communication, presentation, public speaking, interpersonal, relationship management, persuasiveness, negotiation, diplomacy, influencing, and listening skills; strong dispute resolution and de-escalation capabilities; integrity beyond reproach and unquestioned trustworthiness

•Innovative approach to structuring financing for development initiatives; proficiency in capital acquisition through novel avenues

Compensation and Benefits

Capital for Change offers a competitive base salary as well as excellent benefits and perks including but not limited to:



Life, Short, and Long-Term Disability Insurance

403(b) Retirement Plan

Generous paid time off program

How to Apply

Please email