What are the responsibilities and job description for the Chief Financial Officer position at African Community Housing and Development?

Job Description

Description :

Job Title : Chief Financial Officer (CFO)

Location : Seattle, WA

Reports to : Vice President

Department : Executive Leadership Team

Position Type : Full-time, Exempt

About the Organization :

African Community Housing & Development (ACHD) is a culturally rooted, community-founded organization led by visionary Black women and a community Board of Directors. ACHD works towards an informed African Diaspora immigrant and refugee community that is engaged in the holistic development of families, communities, and environment. ACHD focuses on equitable and culturally relevant health, legal, and educational services; housing stability and economic development; and land use, real estate, and property development. ACHD staff speak a collective 13 languages, and more than 80% identify as Black or People of Color.

Position Summary

The Chief Financial Officer (CFO) is a vital member of ACHD's Executive Leadership Team, responsible for driving the organization's financial strategy, sustainability, and operations. This strategic leader oversees the financial health of ACHD, aligning fiscal management with the organization’s mission and long-term goals. The CFO supervises the Controller and Accounting Department, partnering closely with the Chief Operating Officer (COO) to identify innovative funding strategies that support organizational growth.

Beyond overseeing traditional finance functions, the CFO will evaluate entrepreneurial ventures that generate additional revenue streams while preserving ACHD's core mission. This includes conducting feasibility studies, cost-benefit analyses, and risk assessments to ensure financial viability, as well as developing business plans and financial projections for new initiatives.

Key Responsibilities

Financial Leadership & Strategy :

Develop and execute ACHD's financial strategy to ensure long-term sustainability and mission alignment.
Provide strategic financial guidance and assess organizational risks to the CEO, Vice President, COO, and Board of Directors on ACHD's operations and real-estate development portfolio.
Lead financial forecasting, scenario planning, and performance analysis to support decision-making.
Cultivate strategic partnerships with business, banking, and financial institutions.
Oversee investment portfolios, reserves, and endowment management.

Financial Operations & Compliance :

Manage the Finance Department, ensuring efficient operations in accounting, payroll, and financial reporting.

Ensure compliance with financial regulations, tax laws, and grant requirements.

Implement and maintain robust internal controls to safeguard ACHD's assets.

Provide accurate, timely financial reporting to internal and external stakeholders.

Fund Development & Alternative Revenue :

Partner with the Philanthropy and Economic Development teams to align financial strategies with fundraising goals.

Provide financial modeling and analysis for capital campaigns and large-scale funding initiatives.

Co-lead grant administration with the COO, ensuring effective financial oversight of restricted and unrestricted funds.

Explore alternative revenue streams, including entrepreneurial ventures aligned with ACHD’s mission.

Stakeholder Engagement :

Serve as the primary financial liaison to the Board's Finance and Audit Committees.

Build relationships with funders, lenders, and external financial partners.

Represent ACHD in community and industry forums, enhancing the organization’s profile.

Team Leadership & Development :

Lead, mentor, and develop a high-performing finance team.

Foster a culture of accountability, transparency, and continuous improvement.

Support cross-departmental collaboration to integrate financial practices with programmatic success.

Qualifications

Education & Experience :

Bachelor’s degree in Accounting, Finance, Business Administration, or a related field (Master’s degree or CPA preferred).

Minimum of 10 years of progressive financial leadership experience, preferably in nonprofit or affordable housing sectors.

Strong knowledge of nonprofit accounting, GAAP, fund accounting, and grant compliance.

Demonstrated success in developing financial strategies for mission-driven organizations.

Experience cultivating strategic partnerships with corporate and financial institutions.

Skills & Competencies :

Strategic thinker with strong analytical and problem-solving abilities.

Exceptional communication skills, capable of conveying complex financial information to diverse audiences.

Strong leadership skills with a collaborative approach to management.

Commitment to equity, diversity, and inclusion in financial decision-making.

Passion for ACHD's mission and dedication to community-centered work.

Preferred Knowledge :

Experience with capital campaign fundraising and strategies for reducing construction costs.

Familiarity with managing both restricted and unrestricted funds effectively.

Perform other related duties as directed by my supervisor and management.

Benefits Package : African Community Housing & Development offers a comprehensive benefits package including : medical, dental, life, and long-term disability insurance, Employee Assistance Program (EAP), 401(k) retirement plan with employer contribution, and up to 11 paid holidays, 10 sick days, and 15 vacation days annually.

This role offers an exciting opportunity to shape the financial future of ACHD, contributing to its mission of fostering strong, sustainable communities through strategic financial leadership.

Note : ACHD emphasizes a highly collaborative approach that is rooted in equity and co-learning. Supervisors are to lead with equity and humbleness, recognizing that each staff member brings a highly valuable and essential background and perspective. Accordingly, supervisors are also accountable to staff members, working to ensure they (supervisors) are meeting the needs of staff and providing a healthy and safe environment where feedback and learning is two-way. In other words, supervisors should work to build a positive environment where staff and supervisors learn together, and mistakes are considered a healthy part of personal and professional growth.

African Community Housing and Development does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.

Requirements :

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