Chief Executive Officer (CEO)

Background

About Us: The Black Business Investment Fund is a leading Community Development Financial Institution (CDFI) dedicated to the growth and development of Black Indigenous and People of Color (BIPOC) communities cementing our position as the largest and strongest minority-led CDFI in the state of Florida. The promotion of economic growth and financial inclusion in underserved communities is our mission. Even further, we are committed to developing and promoting Black Business Enterprises through education, training, loans, investments, and other activities and to aggressively promote an atmosphere conducive to their development. The access to affordable financing and financial services for small businesses and nonprofit organizations that are often overlooked by traditional financial institutions is paramount.

Summary

Position Summary: The Chief Executive Officer (CEO) will provide visionary leadership and strategic direction to BBIF. The CEO will be responsible for overseeing all aspects of the organization’s operations, ensuring the achievement of our mission, financial sustainability, and growth. The ideal candidate will have a deep understanding of community development, finance, and nonprofit management, along with a passion for social and economic justice driving equitable capital accessibility.

Responsibilities

Key Responsibilities:

1. Leadership and Strategy:

• Develop and implement the organization’s strategic plan in alignment with the mission and goals.

• Provide inspirational leadership to the staff, fostering a culture of innovation, collaboration, and accountability.

• Serve as the primary spokesperson for the organization, representing its interests to stakeholders, including funders, partners, policymakers, and the media.

2. Operational Management:

• Oversee the day-to-day operations of the organization, ensuring efficient and effective management of resources.

• Ensure compliance with all relevant regulations, policies, and standards.
• Develop and implement policies and procedures to enhance operational efficiency and effectiveness.

3. Financial Management:

• Ensure the financial sustainability of the organization through effective financial planning and management with CFO or VP of Finance.

• Oversee the development and implementation of fundraising strategies, including grants, loans, investments, and other revenue-generating activities.

• Maintain strong relationships with financial partners, investors, and donors.

4. Program Development and Management:

• Guide the development, implementation, and evaluation of programs and services that meet the needs of the communities served.

• Ensure that programs are aligned with the organization’s mission and strategic goals.

• Foster partnerships with community organizations, government agencies, and other stakeholders to enhance program effectiveness and reach.

5. Board Relations:

• Work closely with the Board of Directors to ensure effective governance and strategic direction.

• Provide regular updates to the Board on organizational performance, financial status, and strategic initiatives.

• Assist in the recruitment, orientation, and development of Board members.

6. Human Resources:

• Lead, mentor, and develop a high-performing senior executive team, fostering a positive and inclusive work environment.

• Oversee and partner with senior executive staff on talent acquisition, retention, and development strategies to ensure a skilled and motivated workforce.

• Partner to ensure compliance with HR policies, practices, and employment laws.

Requirements

Qualifications:

• Bachelor’s degree in Business Administration, Accounting, Finance, Public Administration, or a related field; advanced degree preferred.
• Minimum of 10 years of senior leadership experience in community development, finance, nonprofit management, or a related field.
• Proven track record of strategic planning, financial management, fund development, and operational oversight.
• Strong understanding of CDFIs and community development finance.
• Demonstrated ability to build and maintain influential relationships with diverse stakeholders.
• Passion for social and economic justice and a commitment to the mission of BBIF.
• Proven experience as the lead fundraiser for an organization with a strong record of achievements.
• Exceptional verbal and written communication skills, and a comfort level with presentations both planned and spontaneous. Can effectively relate to individuals of all economic circumstances and diverse backgrounds and expertise.
• Several years of experience managing contract and grant negotiations with public and private sector partners.
• Participation as an agency representative across various industry and influential groups, sharing expertise and building critical relationships.
• Proven abilities as a leader and manager of a large professional staff.
• Exhibits an above average knowledge of fiscal management of a large budget.

Compensation and Benefits

Salary range between $250,000 – $290,000, commensurate with experience, and a full benefits package. Relocation support may be provided.

How to Apply

To apply, please submit in confidence:

• Cover Letter
• Resume/CV
• Three references

Submit Applications to: [email protected]

Application deadlines: Applications will be reviewed, and interviews will be scheduled as they are submitted. All applications should be submitted by October 18, 2024.