Chief Development Officer

The HR Team•Washington, DC

3d•$130,000 - $185,000

About The Position

The Washington Area Community Investment Fund (WACIF) is seeking a Chief Development Officer (CDO) to lead its development and fundraising strategy. This is a senior role reporting to the CEO and serving on the Executive Team. The CDO will be responsible for expanding and diversifying WACIF's funding base, deepening relationships with philanthropic and corporate partners, cultivating new sources of support, and ensuring the organization has the necessary resources to achieve its strategic goals. This is an external-facing role for a strategic and entrepreneurial leader focused on building relationships and creating opportunities. The CDO will collaborate with the CEO, Board of Directors, Executive Team, and development staff to enhance WACIF's standing as a leading community development financial institution and economic development partner in the region.

Requirements

Advanced degree in Accounting, Finance or another related field or commensurate similar experience (MBA, CPA, or 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.
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.

Nice To Haves

Experience working in a CDFI, financial services, or investment management firm a plus.

Responsibilities

Lead WACIF's development and fundraising strategy.
Expand and diversify WACIF's funding base.
Deepen relationships with philanthropic and corporate partners.
Cultivate new sources of support.
Ensure WACIF has the resources needed to pursue its strategic priorities.
Strengthen WACIF's position as a leading community development financial institution and economic development partner in the region.
Manage development strategy.
Oversee external relationships and fundraising.
Develop and execute fundraising strategy and monitor performance.
Partner with the CEO and Board.
Provide executive and team leadership.