Chief Financial Officer

Evernorth is seeking a CFO to direct its financial and capital management operations as we enter the next phase in our growth and development. Evernorth is a 52-person nonprofit affordable housing developer, lender and syndicator. We have offices in Portland, Maine and Burlington, Vermont. Recrafted in 2020 from the merger of two long-standing organizations, Evernorth has a 35-year track record serving the affordable housing needs of northern New England. We know our partners and care about their priorities and needs. We are committed to sharing our experience and knowledge as well as engaging in advocacy at the state, regional and federal levels allowing us to drive our mission and our priorities forward.

The CFO is an essential member of the Executive and Senior teams as well as a key implementer of our recently adopted Strategic Plan; working to increase its capital for both debt and equity, become a CDFI, expand its consulting line of business, attend to the intersection of climate change and housing, strengthen its advocacy role, and support the professional development of staff as well as create operational efficiencies.

Evernorth is an impactful organization with strong financial performance and a talented mission-driven staff and board. Evernorth’s culture is open and inclusive. We support a hybrid work environment, health and wellness benefits, FMLA and leave benefits as well as a generous paid time off policy. Evernorth also has a Culture Committee designed to help grow and foster a thriving and supportive culture that strongly reflects our commitment to each other, our partners, and the communities we serve.
 

VISION STATEMENT: People in every community have an affordable place to live and opportunities to thrive.
 

MISSION STATEMENT: We work with partners to connect underserved communities in the northern New England region with capital and expertise to advance projects and policies that create more inclusive places to live.
 

SUMMARY:

The Chief Financial Officer directs the finances of Evernorth and its subsidiaries with lead responsibility for all Finance, Tax, Audit and Capital Management functions. Hire and supervise finance and capital management staff. Manage the Evernorth real estate-owned loan portfolio, Treasury and investor reporting. Maintain investor relationships and oversee the formation and operations of Evernorth’s multi-investor and proprietary funds. Maintain positive and collaborative partnerships with senior staff and the Board of Directors. Active and collaborative member of the Executive and Senior leadership teams helping to form and guide organizational goals, strategies and performance.

SPECIFIC RESPONSIBILITIES:

Executive and Senior Leadership Teams

• Participate in the development of the vision, strategy and goals for the organization as well as business and human resources policies and planning
• Member of the Oversight committee providing direction regarding raising and deploying capital, risk management, conflicts of interest
• Staff the Board Finance Committee and provide quarterly financial reports for board oversight
• Establish and maintain relationships with Board of Directors and Evernorth’s corporate financial institutions and major investors

Corporate Finances

• Oversee and direct accounting, audit, tax, budgeting, organizational cash flow, long range forecasting, treasury, banking and insurance activities for the organization
• Responsible for the internal accounting controls and security of the organization
• Manage Corporate investment portfolio
• Direct and coordinate the establishment of annual operating budgets
• Direct and coordinate departmental reports and financial information
• Oversee accounting and lending for real estate development department
• Oversee annual audit and tax preparation for Evernorth related entities
• Responsible for monitoring compliance with state and federal nonprofit status, SEC filings and state business filings
• Supervise loan servicing and financial transactions for NMTC projects
• Establish and maintain appropriate processes to ensure that Evernorth is in compliance with all grant and funding agreements
• Primary responsibility for lending within the Evernorth related party organizations, establish loan terms and approve loans

Capital Management

• Oversee the operation of the Capital Management Department
• Participate in the formation and management of Evernorth’s multi-investor and proprietary Funds, including review of legal documents, load structure, upper tier models and capital calls
• Oversee the preparation of all reporting to investors
• Ensure the integrity of upper tier models, monitor target returns, and oversee dissolution of multi-investor and proprietary funds
• Oversee annual audit and tax preparation for Fund and lower tier partnerships
• Oversee the establishment and investment of upper tier reserve funds

Evernorth Loan Fund

• Participate in Staff Credit Committee
• Monitor the loan portfolios for the Evernorth organizations; assess risk in the various types of loans and establish appropriate reserves for loan losses.
• Oversee loan servicing and associated reporting
• Oversee regulatory and compliance aspects of Treasury programs including CDFI and Capital Magnet Fund programs
   

REPORTS TO: President

SUPERVISES: Controller, Director of Finance, Director of Capital Management, Director of Capital Strategies and Corporate Secretary
 

REQUIRED SKILLS AND QUALIFICATIONS

• 10 or more years of experience in executive leadership roles
• Excellent leadership and management, coaching and mentoring skills
• Proven risk management skills
• Understanding of advanced accounting, regulatory issues and tax planning
• High level knowledge of tax advantaged financing, structuring and compliance
• Excellent written and verbal communication skills
• Ability to lead and adapt to change and work effectively across the organization
   

PREFERRED SKILLS AND QUALIFICATIONS

• Master’s degree (or equivalent experience) in business or finance
• Experience in syndication, real estate development or affordable housing
• Proficiency in Microsoft Office products including Office 365, Excel, Word and Outlook
• Well organized and flexible
• Must be able to balance multiple priorities with sensitive timelines.
• Work well independently and as a team member.
   

The following are the general Evernorth work environment and physical demands:

• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
• The noise level in the office work environment is usually quiet.
• This position requires periods of sitting, standing, walking, stooping, and bending.
• Ability to reach with hands and arms, and talk and hear.
• Specific vision abilities required by this job include close, distance and peripheral vision, depth perception and ability to adjust focus.
• This position requires substantial typing, reading and writing emails, and other related computer work.
• The employee is regularly required to use hands and fingers.
• May require driving to meeting and offsite locations in personal car.
• May require lifting up to 20 pounds.

Evernorth is an equal opportunity employer.