Controller, Washington DC
Location :
Washington, DC
Job Type :
Direct
Hours :
Full Time
Required Years of Experience :
10+
Required Education :
Bachelor's Degree Required, MBA/CPA Preferred
Travel :
No
Relocation :
No
Job Description :
Our client is a non-profit focused on social impact, financial literacy, small business development, community development and financing programs. They're currently seeking a mission driven Controller to join their team in DC.
Financial Strategy & Planning
• Lead the development, implementation, and attainment of strategic financial objectives, aligning with the organization's mission and vision;
• Evaluate and contribute to the financial strategy of all entities (new & existing), ensuring alignment with overall organizational goals and objectives;
• Provide strategic guidance to the development of short-term and long-term financial plans and projections, leveraging insights to drive informed decision-making;
• Take ownership of long-range balance sheet strategy and capitalization planning, ensuring sustainable growth and financial stability;
• Oversee and approve the investment of excess liquidity, optimizing returns while managing risk in accordance with organizational policies and guidelines.
Budgeting
• Provides strategic guidance and leadership throughout the annual budgeting process, collaborating with relevant stakeholders to develop comprehensive and realistic budgets;
• Present annual budget to Finance & Audit Committee and Board of Directors, articulating key assumptions, priorities, and financial implications for review and approval;
• Monitors financial performance against budget, organizationally and at the project and/or department level, identifying variances and implementing corrective actions as necessary to ensure fiscal responsibility;
• Manage the General & Administrative (G&A): Finance & Operations budget, optimizing resource allocation to support organizational priorities while maintaining financial sustainability.
Capitalization
• Build and cultivate a robust pipeline of lenders to support capitalization plan and strategic initiatives;
• Lead discussion and negotiations to secure debt capital funding, ensuring terms and conditions align with financial objectives and risk tolerance;
• Lead debt capital due diligence efforts, working closely with internal stakeholders and external partners to assess risk and evaluate opportunities;
• Collaborate with General Counsel to negotiate terms, covenants, and structure of debt investments;
• Facilitate the closing of financial transactions with investment counterparties, ensuring all necessary documentation and agreements are executed accurately and in compliance with regulatory requirements;
Financial Reporting
• Provide comprehensive oversight, strategic advice, and tactical support to financial reporting function, ensuring accuracy, compliance, and timeliness in all reporting activities;
• Identify and establish key financial performance indicators (KPIs) regularly monitoring and reporting progress against targets and provide insightful analysis on significant trends and variances;
• Monitor and ensure restricted funding is applied according to donor specified requirements;
• Present financial results, analyses, and other relevant items to the CEO and Finance & Audit Committee, offering clear and concise explanations to facilitate informed decision-making.
Financial Operations
• Facilitate the opening and closing of new bank accounts;
• Managing American Express (AMEX) corporate card account, including account ownership and adding/removing employee cards;
• Oversee chart of accounts, department/project/budget codes structuring and overall financial data schema;
• Authorize and release outgoing ACH/WIRE payments from Wacif bank accounts;
• Approve financial management related policies;
• Review and approve Finance, Operations, and Human Capital department expenses, ensuring alignment with approved budgets and adherence to policies;
• Lead implementation of key accounting software solutions;
Risk & Compliance
• Identify and implement strategies to mitigate risks facing all Wacif entities;
• Update Finance & Audit Committee and Board on key risks and compliance issues facing all entities;
• Ensure compliance with all lender covenants and grant requirements;
• Identify and implement mechanisms to manage risk of loss associated with the loan portfolio;
• Review and approve Lending Department Credit Memos;
• Approve Loan Write-offs;
Audit & Tax
• Foster and maintain a positive and collaborative relationship with external audit firm, facilitating effective communication and cooperation throughout the audit process;
• Provide support to the Director of Finance in addressing audit and tax-related issues;
• Review and approve Annual Audited Financial Statement and Single Audit Reports across entities;
• Review and approve IRS Form 990, verifying the completeness and accuracy of the information reported to regulatory authorities;
QUALIFICATIONS
• At least 10+ years of progressive experience in senior financial management roles within financial institutions, investment firms, or broader financial services (non-profit experience preferred);
• Advanced degree in Accounting, Finance or another related field or commensurate similar experience (MBA, CPA, of CFA 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 high 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
Required Qualifications :
Non-Profit experience with grants experience is 100% required. Financial services experience is a plus