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Chief Financial Officer (CFO)

Employer
Midwest Minnesota Community Development Corporation
Location
Detroit Lakes, Minnesota
Salary
Commensurate with Experience

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Industry
Associations and Nonprofits
Salary Range
$100,000 or more
Job Type
Long-Term
Hours
Full Time
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Job Details

THE COMPANY: 

Midwest Minnesota Community Development Corporation (MMCDC) is one of the nation’s leading rural community development financial institutions (CDFI), blending capital with innovation since 1971.  Our Mission is to assist communities and individuals achieve a better quality of life, and we do so through creative lending, job creation, real estate development, financial education and overall investing in Minnesota and surrounding areas.  We are seeking an experienced, innovative, and motivated Chief Financial Officer (CFO) to join the executive management team in leading the organization to its current and future goals.

We are a private non-profit that utilizes sophisticated financial and lending skills to support high-impact, mission driven work.  MMCDC has approximately $400 Million in assets under management and exceeded $16 million in revenues in 2020.  The organization is self-sustaining and has been for many years.  Our subsidiary, White Earth Investment Initiative (WEII), provides lending and services on the White Earth Reservation and throughout Minnesota.  We are also the majority owner of Community Development Bank, which has three Minnesota branches.

THE CFO:

We are seeking a CFO who will embrace our Mission and work closely with all divisions to ensure we can respond nimbly to existing and emerging opportunities in our markets. 

Key Responsibilities:

  • Serve as the top financial advisor for the organization and advise the President, Board of Directors, and other key members on fiscal strategies related to financial and strategic planning and operations. 
  • Manage the organization’s finance and treasury functions, including accounting, budgeting, compliance, internal controls, reporting, cash management and forecasting. 
  • Analyze activities and opportunities for the company and subsidiaries with support from staff.
  • Coordinate and lead the annual audit and tax activities. Ensure all required IRS and state filings are complete, accurate, and timely. 
  • Manage the financial aspects of grant applications and grant contracts, while ensuring compliance with all applicable requirements.
  • Evaluate and advise on the impact of long-range planning, introduction of new programs/strategies, and regulatory interaction. Nimbly and proactively adjust to new funding and service opportunities.
  • Enhance, develop and implement policies and procedures that will improve the overall operation and effectiveness of the corporation.  
  • Support, develop, and lead a strong finance team.  Prioritize goals and tasks for the team.

Key Skills:

  • Demonstrated team leadership and management experience essential. 
  • Must be a strategic thinker and astute financial analyst—both detail and “big picture.”
  • Excellent communication and listening skills, including the ability to communicate with professionalism in written and verbal forms with various levels. 
  • Ability to link strategic objectives with the financial goals of the organization.
  • Must be decisive, confident, organized, forward-thinking, collaborative and inspiring.
  • Ability to build, develop, and inspire high-performing staff with an eye toward meeting/exceeding goals, professional development, and clear delegation.
  • Ability to negotiate and execute contracts and manage the quality of vendors and service providers.
  • Adept at use of MS Office Suite, especially Excel. Experience with financial systems desired.   

Certifications & Experience:

  • Bachelor’s degree in Accounting, Finance, Economics or related field required.  
  • At least 10 years of related experience and/or training required.
  • Banking compliance experience strongly desired.
  • MBA highly valued.  CPA valued.
  • Prior success in nonprofit financial management highly valued.

Company

MMCDC is a leading private nonprofit company providing commercial and home mortgage lending, as well as housing, business and community development services throughout Minnesota and the Midwest. We are also the parent company of a reservation-based bank and a reservation-focused community development company. In addition, we are the founding member of a housing construction cooperative.
 

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