Finance Director, NCRC Community Development Fund

Job Title: Finance Director

Reports to: Executive Director

Location: This position offers a hybrid working environment from our offices on 15th Street in downtown Washington, DC, near The White House. All DC-based staff are required to come into our office up to 3 days per week.  Staff are given the flexibility of 2 days per week for remote work.

Organizational Overview:

The National Community Reinvestment Coalition (NCRC) was formed in 1990 by national, regional and local organizations to develop and harness the collective energies of community reinvestment organizations from across the country to increase the flow of private capital into traditionally underserved communities.  NCRC has grown into an association of more than 600 community-based organizations that promote access to financial service sector products and services in order to create and sustain affordable housing, job development and vibrant communities for America’s working families.

NCRC’s vision is for a nation where all people, regardless of class or race, have the same opportunity to build wealth, be upwardly mobile, and realize their full potential.  It is a vision of a more democratic society through the creation of a fairer and more equal economic and financial services system.  The Community Finance & Mobility Division of NCRC has a specific focus advancing economic mobility for communities impacted by systemic inequality and historic disinvestment.

About the Position

The Finance Director is responsible for leading, managing, and coordinating all financial matters. The position will report to the Executive Director. This position will be responsible for developing the organization’s budget, maintaining the organization’s financial statements, managing cash flows, and work closely with our lending program manager to ensure appropriate disbursements and servicing for loans and grants disbursed by the organization. Must have solid communication, technology, analytical, and management skills and be able to must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace. Candidates should possess knowledge of all aspects of generally accepted accounting principles (GAAP) with demonstrated work in nonprofit sector accounting, community development, and lending. The role usually requires at least ten years of relevant experience and a bachelor’s degree in accounting or finance.

Financial Management

  • Oversee day-to-day financial operations, including cash flow management for operations and lending activities, revise quarterly and annual cash flow projections for efficient cash flow planning to ensure availability of funds as needed and optimization of investments.
  • Ensure timely loan, and other capital product closings, disbursements, and related fund transfers.
  • Oversee financial asset management of outstanding loan, NMTC, and grant portfolios.
  • Develop and utilize forward-looking, predictive models and activity-based financial analysis to provide insight into the organization’s operations and business plans.
  • Administer the development and monitoring of program and operating budgets.
  • Assist and collaborate on funding and fundraising activities, serve as point of contact for financial due diligence with funders, negotiate covenants and other terms in investment and funding agreements to meet NCRC Community Development Fund’s priorities, and limit compliance burden.
  • Oversee investments, monitor and manage cash flow needs, liquidity and covenant compliance, effective asset allocation of investments, ensure effective investment policy, and manage recommendations to the Executive Director and Board of Directors.
  • Actively support the annual budgeting process.

Accounting & Compliance

  • Manage day-to-day finance and accounting operations of the organization, ensuring effective policies, procedures, internal controls, and effective systems are maintained.
  • Ensure timely and accurate financial reporting for federal and state funders, foundations, management team and Board of Directors, including preparation and presentation of monthly and annual financial statements.
  • Manage and report on lending, administrative, and organizational compliance to funders and investors, including the Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund, banks and foundations, and demonstrated experience with annual recertification as a CDFI and renewal of Aeris rating.
  • Be knowledgeable of all CDFI Fund-related federal compliance regulations. Identify and communicate potential compliance concerns, work closely with the management team, lending team, and finance team to maintain good standing as a CDFI. Evaluate NCRC Community Development Fund’s performance relative to CDFI peers.
  • Lead and coordinate audits with consultants and proper preparation and filing of all corporate tax returns. Ensure legal and regulatory compliance regarding all financial functions.
  • Demonstrate understanding of establishing and maintaining a negotiated cost rate agreement (NICRA)
  • Report to the senior leadership team, and full Board of Directors, on the financial health of the organization, including budget, investments, lending, and program operating activities
  • Lead annual renewals of corporate lending license and securities permit.
  • Facilitate completion of ad hoc reporting requests from senior management and other internal or external stakeholders.

Strategic Business Development, Funder, & Investor Relations 

  • Develop annual and multi-year capital plans for new grant revenue, debt capital, joint financing partnerships, and other sources of capital for the organization.
  • Develop capital market solutions to expand the scale of financing activities, support the creation of new programs, products, and initiatives, and apply capital markets methods to create new financing facilities and relationships with banks, foundations, and other financial institutions interested in impact investment partnerships.
  • Represent the organization to financial partners, including investors, foundation executives, auditors, public officials, etc.
  • Negotiate investment agreements with institutional investors, centering NCRC Community Development’s capitalization needs, limiting compliance burden, and ensuring excellent investor relationship management.
  • Maintain up-to-date knowledge of all critical IRS, CDFI, and nonprofit audit matters, GAAP rules, and state and federal regulations regarding nonprofit and CDFI-related matters.
  • Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into NCRC Community Development’s operations and business plans.
  • Assist in applying for government funds, including CDFI, NMTC, and other sources.

Planning, Policy, & External Relations 

  • Coordinate the development and monitoring of budgets.
  • Develop financial business plans and forecasts.
  • Participate in corporate policy development as a member of the senior leadership team.
  • Engage senior leadership to develop short, medium, and long-term financial plans and projections; review these plans with the Executive Director and appropriate committees of the Board of Directors.
  • Communicate collaboratively with NCRC finance department relative to NCRC CDF finance matters
  • Represent the company to financial partners, including financial institutions, investors, foundation executives, auditors, public officials, etc.

This position description has been designed to indicate the general nature and level of work performed by employees holding this position. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to the role.


Annual conference, team retreat participation, and support and other duties as assigned by ED.

QUALIFICATIONS: Education, certifications, skills, etc. the individual who holds or desires the position must have to perform the essential functions of the position. 

  • 10+ years of relevant experience and a bachelor’s degree in accounting or finance. Fluency in additional languages strongly preferred with a preference for fluency in Spanish, Mandarin, Somali, Arabic, Farsi, and/or Amharic
  • Applied knowledge of underwriting fundamentals and standard industry practices
  • Advanced understanding of financial principles, and accounting processes
  • Knowledge of federal, state, and local regulatory requirements
  • Ability to maintain confidentiality
  • Strong analytical skills and attention to detail
  • Excellent communication and negotiation skills
  • Ability to multitask and work under pressure to meet strict deadlines
  • Candidates who have a master’s degree in business administration (MBA) or professional accreditation such as certified public accountant (CPA), certified management accountant (CMA) or chartered global management accountant (CGMA) are preferred
  • Up-to-date knowledge of all critical IRS, CDFI, and nonprofit audit matters, GAAP rules, and state and federal regulations regarding nonprofit and CDFI-related matters

To apply, visit this page.