Chief Financial Officer

Community & Regional Banks

2021-03-08

The NHHEAF Network is currently seeking a skilled Chief Financial Officer. Reporting directly to the President and CEO, the CFO is responsible for providing leadership, management, and vision necessary to position the Organization for ongoing growth, financial strength, and stability within the context of a mission-oriented, not-for-profit lending organization. In strategic partnership with the President & CEO, and as a member of the Senior Management team, participate in and collaborate on decisions that support and promote financial sustainability while balancing the short and long-term operational needs of a complex student lending and servicing organization. Oversee and direct financial elements of federal and private loan programs and activities.

• Oversee and direct the Organization’s Accounting & Finance and Financial Servicing operations, to include accounting, financial reporting, payment processing, reconciliation, budgeting, forecasting and public financing.

• Establish a vision for the final strength of the organization and shares that understanding with leadership and team members and generates enthusiasm for growth and business development.

• Spearhead the expansion of financial analysis and business intelligence as a tool for evaluating company performance and identifying KPIs.

• Decide on investment strategies by considering cash and liquidity risks in cooperation with the Board and external financial advisors.

• Monitor the organization’s financial position and provide reports to Senior Management and Board as needed regarding the Organization’s financial stability, liquidity, and growth.

• Direct and coordinate contribution margin analysis and forecasting, ensuring complete, accurate and timely reconciliation of all general ledgers and compliance with established accounting principles and procedures.

• Prepare and analyze financial statements and ensure accurate and timely reporting of financial results to the President & CEO and the Board of Directors.

• Serve as a collaborative partner to the Senior Management team and department managers through the budgeting and financial forecasting process.

• Work with the VP – Community Engagement & Lending Programs to cultivate and manage a set of diverse and robust funding channels for loan capital, including secondary market activities and to maintain liquidity and compliance with all funding covenants.

• Participate in committees and special projects and provide consultation and guidance related to financial impact.

• Establish, maintain, and support the organization’s partnerships with external investors, bondholders, and credit rating agencies, underwriters, brokers, and financial advisors in support of lending initiatives and business development.

• Create and establish yearly financial objectives that align with the company’s plan for growth and expansion and align with mission.

• Maintain outstanding banking relationships and strategic alliances with vendors and business partners.

• Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.

• Closely monitor legislative and regulatory proposals or laws and regulations and ensure the company’s financial strategy is responsive and adaptive to changes or potential disruptions.

• Represent NHHEAF in a public capacity as requested by the CEO both locally or nationally in support of the organization’s interest’s and aid in elevating awareness of the company and issues of importance.

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