Note: The job is a remote job and is open to candidates in USA. Nonprofit Finance Fund is a nonprofit lender, consultant, and advocate focused on helping organizations access resources and building community wealth and well-being. The Director, Specialized Accounting leads grant accounting and compliance, New Markets Tax Credit accounting support, financial reporting, reconciliations, audits, and finance process improvement.
Responsibilities
- Manage financial review, accounting, and reporting for assigned grants, including federal grants subject to Single Audit requirements
- Ensure timely and accurate revenue recognition for grants and contributions in accordance with GAAP, FASB guidance, and OMB Uniform Guidance (2 CFR 200)
- Prepare and post monthly journal entries related to grant revenue, expense allocations, and releases from restricted net assets
- Maintain grant revenue, grant receivable, and net asset release schedules; reconcile schedules to the general ledger and trial balance each month
- Partner with Program, Lending, and Finance teams to prepare grant financial reports and ensure alignment with funder agreements
- Support post-award compliance and monitoring processes and serve as a primary accounting contact for grant-related audits
- Prepare grant-related documentation and schedules for the annual financial audit and federal Single Audit
- Maintain NMTC fund-related accounting records in accordance with GAAP and fund accounting standards
- Reconcile NMTC fund bank accounts and related general ledger balances
- Record quarterly accruals of NMTC asset management fee revenue and maintain related schedules
- Track and reconcile expenses paid by NFF on behalf of NMTC funds; prepare and invoice receivables for reimbursement
- Review quarterly and annual NMTC fund financial statements and draft tax returns prepared by external auditors and advisors prior to investor distribution
- Support NMTC fund exits, including cash reconciliations, final financial statements, audits, and tax filings
- Maintain and improve accounting processes and internal controls related to NMTC activity, identifying opportunities for efficiency and consistency
- Contribute to monthly and quarterly close activities, including restricted fund reconciliations and reporting
- Partner with Finance leadership on financial systems modernization, process improvement, and automation efforts
- Support cross-functional projects related to financial technology implementation, workflow redesign, and continuous improvement
- Participate in internal and external meeting, department meetings, training sessions, and cross-functional collaboration as appropriate
- As work and community/client needs change, assignments, projects, and job duties may evolve in support of organizational priorities
Skills
- * A bachelor's degree from an accredited college or university in accounting, finance, business administration or a related field or equivalent combination of relevant education, training, and relevant experience
- * Seven (7) years of progressive professional experience in accounting or finance, preferably in a nonprofit or mission-driven organization
- * Demonstrated experience with nonprofit Generally Accepted Accounting Principles (GAAP), restricted fund accounting, cost allocation, and audit support
- * Working knowledge of federal grant compliance and reporting requirements
- * Strong proficiency with accounting systems, financial reporting tools, and Microsoft Excel
- NFF has core business hours where we expect all staff to be available from 9 am to 5 pm local time, and occasional travel (20%) is required
- * Be committed to NFF's values, mission, and approach to community impact
- * Understand CDFIs and their role in nonprofit financing
- * Work independently and effectively in a remote environment and build strong, trust-based relationships with colleagues and partners across geographies and time zones in a highly matrixed organization
- * Have strong attention to detail and well-developed reconciliation and review skills
- * Communicate clearly and proactively and partner effectively across teams
- * Manage multiple priorities, meet deadlines, and exercise sound judgment in a fast-paced environment
- * Collaborate with a dynamic and mission-driven team
- * Demonstrate a learning orientation and commitment to continuous learning and improvement
- * Thrive in a fast-paced, changing, and at times ambiguous context
- * Leverage online collaboration tools, Salesforce, and Microsoft Office
- Location: US-based remote, with a strong preference for candidates within commutable distance to one of NFF's Offices (Boston, New York, Philadelphia, Oakland, and Los Angeles)
- NFF has offices in Boston, New York, Philadelphia, Oakland, and Los Angeles. This is a US-based remote role, with a strong preference for candidates within commutable distance to one of NFF's offices
Benefits
- Up to twenty (20) paid holidays/business closure days
- Three (3) floating holidays
- Flexible time off
- Group medical insurance with a funded health reimbursement account
- Dental and vision plans
- Life insurance and disability plans
- A retirement plan with both a non-elective employer contribution (4%) and additional match contribution (up to 2%)
- A “work from home” fund
- Flexible spending accounts to cover health, dependent care, and commuter costs
Company Overview