Director, Specialized Accounting
About the role
The Director, Specialized Accounting plays a critical role in supporting NFF’s financial integrity, compliance, and operational effectiveness. This role leads key accounting work streams with a primary focus on grant accounting and compliance, New Markets Tax Credit (NMTC) accounting support, and special projects as they arise.
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 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.
Requirements
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.
Strong proficiency with accounting systems, financial reporting tools, and Microsoft Excel.
Qualifications
Commitment to NFF’s values, mission, and approach to community impact.
Understanding of CDFIs and their role in nonprofit financing.
Experience working independently and effectively in a remote environment and building strong, trust-based relationships with colleagues and partners across geographies and time zones in a highly matrixed organization.
Strong attention to detail and well-developed reconciliation and review skills.
Clear communication and effective partnership with colleagues and partners across teams.
Ability to manage multiple priorities, meet deadlines, and exercise sound judgment in a fast-paced environment.
Collaboration with a dynamic and mission-driven team.
Learning orientation and commitment to continuous learning and improvement.
Ability to thrive in a fast-paced, changing, and at times ambiguous context.
Leverage online collaboration tools, Salesforce, and Microsoft Office.
Benefits and Compensation
NFF offers a generous benefits package that currently includes 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, and flexible spending accounts to cover health, dependent care, and commuter costs.
This is a full-time role with an annual compensation range of $129,400 - $143,800. A compensation offer is based on a candidate’s background and years of relevant experience, with consideration for internal equity. Because of our strong commitment to equity and growth, we do not negotiate compensation offers.