Vice President, Finance

Invest Detroit is entering an exciting phase of growth and transformation, and has created a new role, Vice President, Finance, to expand the capacity of its finance and accounting team. This role is ideal for a CPA with nonprofit financial reporting experience and strong analytical skills. The Vice President, Finance will work closely with the Chief Accounting Officer and collaboratively with team members across the various disciplines within the organization.

About Invest Detroit

Invest Detroit is a mission-driven lender, investor, and partner working to ignite inclusive economic growth in underserved Detroit communities and across the region. A leading Detroit-based Community Development Financial Institution (CDFI), we bring 25 years of experience acting as a catalyst for economic development and investment, providing critical gap financing through real estate development, commercial lending, and venture capital. We have deployed over $640M to date and are continuing to grow our impact.

Our team is a hard-working, supportive, and passionate group that believes strongly in our mission and equitable opportunity, diversity, and respect. We believe that through partnership, tenacity, and creativity, we can expand access to opportunity and build a better quality of life for all Detroiters.

For more information on Invest Detroit, please visit the Invest Detroit website.

About the Position:

The Vice President, Finance will report directly to the Chief Accounting Officer and will work alongside a team of four accounting professionals focused on accounting administration and loan accounting. While this role does not include direct staff management, it plays a key part in the finance function, with a focus on planning, financial reporting, performance analysis, compliance, and risk management. This position has leadership development opportunities within our growing organization.

Responsibilities

• Prepare complex consolidating financial statements and related analysis for review
• Manage net assets, including releases and equity investments
• Collaborate with program managers to oversee and manage program-related expenses, ensuring alignment with budgets and funding requirements
• Prepare and manage compliance reporting, including New Markets Tax Credit reporting
• Assist the CAO with the annual budget, audit, and board materials
• Assist with debt management and covenants
• Assist with cash flow projections and related data and treasury management

Qualifications

• Bachelor’s degree in accounting, finance, or business administration (required)
• CPA license (required)
• Minimum of five years of experience in public accounting (strongly desired)
• Proven experience with complex nonprofit financials and consolidation (required)
• Advanced proficiency in Microsoft Excel and strong command of Microsoft Office tools
• Excellent written and verbal communication skills, with the ability to present financial information to non-financial stakeholders
• Understanding of CDFI operations or community development finance (strong asset)
• Demonstrated commitment to equity, inclusion, and mission-driven work

Salary Range

Invest Detroit offers a competitive salary range of $120,000–$130,000 for the Vice President, Finance role, commensurate with experience, skills, and potential for growth within the organization.

At Invest Detroit, we believe that supporting our team is just as important as supporting our mission. We offer a people-centered work environment that values flexibility, balance, and growth. Our benefits include:

• Hybrid work environment with flexibility to support work-life balance
• Generous paid time off, including extended holidays and summer half-day Fridays
• Comprehensive health and life insurance coverage
• Annual performance bonuses (not guaranteed)
• Professional development opportunities to support your career growth

We’re proud to foster a workplace where people feel supported, respected, and empowered to make a difference. Invest Detroit is an equal opportunity employer committed to diversity in the workplace.

Job Type: Full-time

Pay: $120,000.00 - $130,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Life insurance
• Paid parental leave
• Paid time off
• Retirement plan
• Vision insurance

Work Location: Hybrid remote in Detroit, MI 48201

Salary : $120,000 - $130,000