AJ Consultants has been retained by DC Green Bank to find their next Chief Financial Officer (CFO). DC Green Bank is an innovative financial solution provider supporting District businesses, organizations, and residents on the path to a cleaner future. They are building a diverse, talented and passionate team to help carry out this mission.

Summary:

The Chief Financial Officer (CFO) will lead DCGB’s financial operations, building on current systems and accounting practices. In collaboration with the CEO and CIO, the CFO will provide financial reporting and track progress toward long-range goals, strategies, and plans. The CFO will ensure that the financial systems, structures, and functions position DCGB with a sustainable financial model, while limiting organizational risk. The CFO will manage the finance and accounting team, including responsibilities for governmental compliance, financial summaries for internal and external stakeholders, and forecasting growth and revenue. The CFO must possess exceptional people management and team building skills while bringing a systems approach to problem solving and consensus building. The CFO will support the CEO on financial and strategic issues, partner with the leadership team and department managers, and assist the Board of Directors and its Finance & Audit Committee.

Responsibilities:

Finance & Accounting Leadership

• Prepare the annual budget and reforecasts to meet strategic and financial objectives, working collaboratively with staff across finance, operations, investment, and the leadership team.
• Provide timely, accurate financial reports, analysis of financial trends, and forecasting to assist the CEO, Board, and internal teams.
• Evaluate the finance division structure and staffing for continual improvement of the efficiency and effectiveness of the team and provide individuals with professional and personal growth.
• Provide strategic financial input and leadership on decision-making issues affecting the organization, including evaluation of potential new initiatives/programs, investments, and changes in regulatory actions affecting DCGB accounting.
• In partnership with the leadership team, develop the long-range financial strategy, financial models, benchmarks, and related system enhancements.
• Serve as a thought partner and collaborator within the leadership team, helping to build and execute strategies that advance mission priorities.
• Staff the Finance & Audit Committee and provide financial reports to the Board of Directors.

Internal Controls & Risk Management

• Manage annual audits and serve as the liaison with the audit firm and the Office of the Inspector General. Ensure systems and controls are in place to facilitate a clean audit opinion.
• Plan, develop, implement, and evaluate DCGB’s fiscal function and performance, including the

evaluation of systems, processes, and technology that will maximize excellence in finance operations.

• Develop and enforce the organization’s internal control framework, in collaboration with the CEO, OCFO, and leadership team, and ensure compliance with policies and procedures.

• Manage banking and financial advisory relationships and initiate appropriate strategies to support financial sustainability.
• Function as the risk manager in implementing processes that prevent operational losses, grant and contract non-compliance.

• Establish loan accounting processes and procedures in recording all loan transactions including Loan Loss Reserve and other loan-related procedures.

• Provide financial perspective and support as necessary on any major partnerships, contracts, or grant agreements.

Oversight and Management of Accounting Functions

• Establish weekly, monthly, quarterly, and annual reports required to monitor, evaluate, and optimize cash flow and liquidity.
• Provide oversight for and manage all budgets, forecasts, and internal financial plans and processes.
• Maintain the financial accounting system, including loan management and fund accounting.
• Serve as liaison with the auditor and the Office of the Inspector General.
• Oversee financial reporting, general ledger management, loan accounting rules, cost accounting management, accounts payable, accounts receivable, payroll, tax compliance, and procurement.
• Manage tax operations and serve as the liaison with the external tax team to meet annual and quarterly deadlines, when applicable.
• Support the financial close process, including preparing journal entries, schedules, and critical account analysis and reconciliations.
• Establish and manage the Treasury function by instituting strong internal controls over the bank accounts to include wire processing and expense payments.
• Prepare financial reporting to comply with Generally Accepted Accounting Standards (GAAP) and the Governmental Accounting Standard Board (GASB) pronouncements.

Qualifications:

• 4-year degree in accounting or finance or a related field, MBA preferred.
• Certified Public Accountant (CPA) highly preferred.
• 10+ years of management experience in senior financial positions, with demonstrated excellence in managing finance, accounting, budgeting, and reporting responsibilities.
• Extensive track record of accounting and financial reporting, including fund and loan accounting.
• Demonstrated expertise in financial, audit, compliance, and risk management.
• Working knowledge of GAAP, GASB, and other authoritative pronouncements.
• Strategic thinker with sound technical skills, analytical abilities, good judgment, and strong operational focus.
• Well organized and self-directed individual who is also team player.

• Executive presence, with excellent communication and relationship building skills and the ability to prioritize, negotiate and work with a variety of stakeholders; ability to relate to people at all levels of an organization.
• A good educator who is trustworthy and willing to share information and serve as a mentor.
• Ability to work collaboratively, exercising good judgment, decision-making, and problem-solving skills to achieve shared goals.
• Supervisory experience that includes team building, talent management, and leadership development.
• Commitment to the mission of DC Green Bank.

Position Details:

• Status: Full-time
• Location: Washington, DC
• Salary and benefits commensurate with experience; anticipated salary is $200,000 annually.
• DCGB policies include a preference for hiring District residents, or individuals who become District residents within 180 days of their becoming an employee of DCGB.

To Apply:

• Interested applicants should submit a CV/resume clearly outlining experience, abilities, and qualifications satisfying the needs of the organization.
• Applications will be accepted until the position is filled.

About DC Green Bank:

DC Green Bank develops and facilitates innovative financial solutions to support District businesses, organizations, and residents on the path to a cleaner future for all. We invest in solar energy systems, energy efficient buildings and retrofits, green stormwater infrastructure, and transportation electrification in line with our values of Sustainability, Clean Economy, and Inclusive Prosperity. To date, DC Green Bank has invested millions of dollars in a cleaner, greener, and more equitable future. To learn more, please visit us at www.dcgreenbank.com