Chief Financial Officer

Company Description

Coastal Enterprises, Inc. (CEI) is a mission-driven leader in rural business development and sustainable growth. Headquartered in Maine, CEI fosters economic and environmental health by integrating financing, business expertise, and policy innovation to support communities and individuals, particularly those with low incomes. Dedicated to growing good jobs and sustainable enterprises, CEI operates locally in Maine and in rural regions nationwide. With a commitment to shared prosperity, CEI partners with businesses, organizations, and investors to empower communities and create lasting impact.

Role Description

The Chief Financial Officer (CFO) provides strategic, financial, and operational leadership to the Chief Executive Officer (CEO), senior leadership, program directors, subsidiary leaders, and CEI’s Board of Directors to plan, direct, and coordinate all financial activities necessary to achieve CEI’s organizational goals. As a member of the Senior Leadership Team, the CFO ensures that proper financial systems, controls, and resources are in place and conducts financial analysis and modeling of existing and potential financial scenarios, all to effectively support the organization’s mission, growth, and sustainability.

The CFO reports to the CEO and leads the finance and accounting staff.

The CFO represents CEI on several subsidiary boards and works closely with subsidiary finance staff to track and incorporate the financial data and forecasts of subsidiaries into CEI’s consolidated budget and financials. In collaboration with CEI’s CEO, President and Chief Lending & Investment Officer (CLIO), the CFO manages relationships with existing and potential capital sources and is responsible for providing financial reporting to these investors.

The CFO brings diverse perspectives, deep technical experience, and leadership skills that allow them to work with people from different backgrounds and foster strong relationships internally with staff and with external partners and networks, and model CEI’s values and good management and supervisory practices as the leader of the department, as well as model CEI’s values and leadership practices as a member of CEI’s Executive Team.

Please visit our website to see the entire position announcement. Working at CEI - CEI

Qualifications

• Bachelor's degree in accounting, finance, management, or a related field.
• At least 10 years of senior financial leadership experience in community development finance, small business finance, or impact investing is strongly preferred.
• Experience at an organization of comparable size, scope, and financial complexity.
• CPA/CFA/CMA/MBA or equivalent is preferred.
• Experienced strategic fiscal leader with a strong background in complex asset-liability management in non-profit and/or for-profit environments, strategic planning, financial and credit analysis, budgeting, and reporting.
• Proven skill managing an organization’s accounting, treasury and financial administrative functions with the ability to reflect on and recommend improvements to policies, procedures, and processes.
• Demonstrated ability managing and working equitably and respectfully with diverse people from a wide range of races, ethnicities, backgrounds, and identities.
• Knowledge of the issues involved in financing and developing small businesses, commercial real estate, non-profit community facilities, and affordable housing is ideal.
• Familiarity with private and public finance institutions, their programs, and reporting requirements.
• Experience with budgeting and fund accounting policies, practices, processes, procedures, and reporting.
• Experience with budgeting and fund accounting policies, practices, processes, procedures, and reporting.