Chief Development Officer

Who We Are

Established in 1987 the Washington Area Community Investment Funds (WACIF) mission is to increase economic opportunity in communities in the Washington DC area by investing knowledge social and financial capital in low- and moderate-income entrepreneurs. Our mission is driven by three strategic pillars: entrepreneurship community wealth building and economic development and is fulfilled by providing access to capital products and services and capacity building technical assistance to low- and moderate-income entrepreneurs. WACIF has been continuously certified as a Community Development Financial Institution (CDFI) since 1996 making the organization one of the nations first CDFIs.

WACIF is entering an important period of growth and opportunity. With ambitious strategic priorities expanding regional partnerships a growing portfolio of programs and investments and the continued development of the Anacostia Arts Center we are seeking a Chief Development Officer to build the relationships and resources needed for what comes next.

Reporting to the CEO and serving on the Executive Team the Chief Development Officer (CDO) will lead WACIFs development and fundraising strategy. The CDO will expand and diversify WACIFs funding base deepen relationships with philanthropic and corporate partners cultivate new sources of support and ensure WACIF has the resources needed to pursue its strategic priorities.

This is a highly external role for a strategic and entrepreneurial leader who enjoys building relationships opening doors and creating opportunities. The CDO will work closely with the CEO the Board of Directors the Executive Team and development staff to strengthen WACIFs position as a leading community development financial institution and economic development partner in the region.

Essential Duties and Responsibilities

• Development Strategy
• External Relationships and Fundraising
• Fundraising Strategy & Performance
• CEO & Board Partnership
• Executive & Team Leadership

Qualifications

• Advanced degree in Accounting Finance or another related field or commensurate similar experience (MBA CPA of CFA preferred);
• At least 15 years of progressive experience in senior financial management roles within financial institutions investment firms or broader financial services (non-profit experience preferred);
• Strong communication skills including the ability to effectively communicate with stakeholders at all levels of the organization facilitate decision-making processes and maintain transparency;
• Experience in leading or supporting organizational change initiatives including restructuring process improvements or system implementations to ensure smooth transitions and continuity of operations;Proven ability to identify and address complex challenges or issues that may arise utilizing creative problem-solving skills and resourcefulness to find effective solutions;
• Experience in managing multiple projects or initiatives simultaneously setting priorities allocating resources and ensuring timely delivery of results;
• Proven experience engaging with private and public sector debt investors through deal sourcing due diligence and closing investment stages;
• Proven experience with creative and catalytic capital structures or blended capital financing models including the use of credit risk guarantees loan loss reserves long-term subordinated debt (EQ2s);
• Experience making credit risk decisions and sitting on internal credit risk or investment committees;
• Experience leading a highly functioning finance team within growing organizations;
• Working knowledge of non-profit revenue recognition principles (ASU 2014-09 Topic 606 and ASU 2018-08);
• Compliance and risk-oriented; strong analytical skills
• Experience working in a CDFI financial services or investment management firm a plus;
• A high level of motivation initiative and attention to detail;
• Ability to work under pressure and handle stress;
• Advanced proficiency in MS Office Suite (Excel Word Outlook PowerPoint);
• Interest in and commitment to WACIFs mission of working with low- and moderate-income individuals and underserved communities.

Salary Range:

$130000 - $185000

Benefits:

• Healthcare
• HSA & FSA
• Dental
• Vision
• Life & AD&D
• Short- & Long-Term Disability
• Matching 401(k)
• Paid Holidays
• PTO
• Education Assistance

To Apply:

Please submit a cover letter and resume for consideration.

Equal Employment Opportunity: WACIF is an equal opportunity employer that values diversity. We consider all qualified applicants for employment without regard to race color religion national origin sex sexual orientation gender identity pregnancy age citizenship marital status disability veteran status political belief or any other basis protected by applicable law.

Required Experience:

Chief