Chief Financial Officer
Location: Burlington, VT; Portland, ME, US
Employment Type: Full-time
Requisition ID: 1042
About the Employer
Evernorth works with partners to connect underserved communities in the northern New England region with capital and expertise to advance projects and policies that create more inclusive places to live. The organization's vision is that people in every community have an affordable place to live and opportunities to thrive.
Role Summary
The Chief Financial Officer directs the finances of Evernorth and its subsidiaries with lead responsibility for all Finance, Tax, Audit and Capital Management functions. The CFO reports to the President and supervises the Director of Finance, Director of Capital Management and Director of Capital Strategies. This role maintains positive and collaborative partnerships with senior staff and the Board of Directors while serving as an active member of the Executive and Senior leadership teams.
What You'll Do
- Participate in the development of the organization's vision, strategy and goals as well as business and human resources policies and planning
- Serve as a member of the Oversight committee providing direction regarding raising and deploying capital, risk management, and conflicts of interest
- Staff the Board Finance Committee and provide quarterly financial reports for board oversight
- Establish and maintain relationships with the Board of Directors and Evernorth's corporate financial institutions and major investors
- Oversee and direct accounting, audit, tax, budgeting, organizational cash flow, long range forecasting, treasury, banking and corporate insurance activities
- Ensure the internal accounting and financial controls of the organization are appropriate and effective
- Manage the corporate investment portfolio
- Direct and coordinate the establishment of annual operating budgets and departmental reports
- Oversee accounting and lending for the real estate development department
- Oversee annual audit and tax preparation for Evernorth related entities
- Monitor compliance with state and federal nonprofit status, SEC filings and state business filings
- Supervise loan servicing and financial transactions for NMTC projects
- Establish and maintain processes to ensure compliance with all grant and funding agreements
- Hold primary responsibility for lending within Evernorth related party organizations, including establishment of loan terms and approval process
- Oversee the operation of the Capital Management Department
- Participate in the formation and management of Evernorth's multi-investor and proprietary Funds, including review of legal documents, load structure, upper tier models and capital calls
- Oversee the preparation of all reporting to investors
- Ensure the integrity of upper tier models, monitor target returns, and oversee dissolution of multi-investor and proprietary funds
- Oversee the establishment and investment of upper tier reserve funds
- Participate in the Staff Credit Committee
- Monitor loan portfolios and assess risk in various types of loans while establishing appropriate reserves for loan losses
- Oversee regulatory and compliance aspects of Treasury programs including CDFI and Capital Magnet Fund programs
- Hire and supervise finance and capital management staff
Required Qualifications
- 10 or more years of experience in executive leadership roles
- Excellent leadership and management, coaching and mentoring skills
- Proven risk management skills
- Understanding of advanced accounting, regulatory issues and tax planning
- High level knowledge of tax advantaged financing, structuring and compliance
- Excellent written and verbal communication skills
- Ability to lead and adapt to change and work effectively across the organization
Preferred Qualifications
- Master's degree (or equivalent experience) in business or finance
- Experience in syndication, real estate development or affordable housing
- Proficiency in Microsoft Office products including Office 365, Excel, Word and Outlook
- Well organized and flexible
- Ability to balance multiple priorities with sensitive timelines
- Ability to work well independently and as a team member
Physical Requirements & Working Conditions
The noise level in the office work environment is usually quiet. This position requires periods of sitting, standing, walking, stooping, and bending. The position requires the ability to reach with hands and arms, and talk and hear. Specific vision abilities required include close, distance and peripheral vision, depth perception and ability to adjust focus. This position requires substantial typing, reading and writing emails, and other related computer work. The employee is regularly required to use hands and fingers. May require driving to meetings and offsite locations in personal car. May require lifting up to 20 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
Compensation
$180,000–$210,000 annually
How to Apply
Please submit your application online.