Chief Development Officer

Socket.dev; Washington (District of Columbia); On-site; USD 130,000 - 185,000; Full time

Benefits offered by this job

Healthcare

HSA & FSA

Dental

Vision

Life & AD&D

Short- & Long-Term Disability

Matching 401(k)

Paid Holidays

PTO

Education Assistance

Job summary

Washington Area Community Investment Fund (WACIF) is seeking a Chief Development Officer to lead development and fundraising efforts, expanding its funding base and deepening relationships with philanthropic and corporate partners. You will report to the CEO and work with the Executive Team and Board to advance strategic priorities.

This externally focused role requires strategic leadership, relationship building, and experience with blended capital models and debt investments to secure

Qualifications

• Advanced degree in Accounting, Finance or related field; MBA/CPA/CFA preferred.
• 15+ years of senior financial management within financial institutions or investment firms.
• Strong communication with stakeholders at all levels and board interaction.
• Experience leading organizational change and multi-project initiatives.
• Experience engaging with debt investors and capital providers.
• Familiarity with blended capital financing and credit risk decisions.
• Proven ability to lead a finance team in a growing organization.
• Knowledge of nonprofit revenue recognition (ASU 606/ASU 2018-08).
• High motivation, initiative, and attention to detail.

Responsibilities

• Develop strategy for growth and external fundraising.
• Manage external relationships and fundraising performance.
• Partner with CEO and Board on governance and strategy.
• Provide executive leadership to the finance and development teams.

Skills

Strategic fundraising

Stakeholder management

Financial analysis

Communication

Change management

Project management

Debt investment experience

Credit risk assessment

Leadership

MS Office proficiency

Education

Advanced degree in Accounting or Finance (MBA/CPA/CFA preferred)

Tools

MS Office Suite

Job description

Who We Are

Established in 1987, the Washington Area Community Investment Fund's (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 nation's 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 WACIF's development and fundraising strategy. The CDO will expand and diversify WACIF's 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 WACIF's 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 WACIF's mission of working with low- and moderate-income individuals and underserved communities.

Salary Range:

$130,000 - $185,000

Benefits:

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

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.