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Careers May 19, 2022

Senior Accountant, Grants

Department Finance
Location Philadelphia, PA / Atlanta, GA / Baltimore, MD

About Reinvestment Fund

Headquartered in Philadelphia, Reinvestment Fund operates nationally with regional offices in Baltimore, MD, and Atlanta, GA. Reinvestment Fund is a national mission-driven financial institution that creates opportunity for underserved people and places through partnerships. We marshal the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities.

As a federally certified community development financial institution (CDFI), our job is to make finance an agent of positive change and equitable growth. We provide loans, grants, and technical assistance to businesses and nonprofits. Our borrowers and grantees educate students, support local economies, and create jobs. They build affordable housing and provide community goods and services that include access to nutritious food, hunger relief, physical and mental health care, and other social services.

At Reinvestment Fund, you’ll be part of a talented and passionate team of communicators and business development staff, lenders, portfolio managers, analysts, grant program managers, accountants, and policy researchers who bring their unique talents to our mission.

Reinvestment Fund is currently undergoing a multi-year race, equity, and inclusion organizational change process, and we are seeking candidates who share a commitment to advancing racial equity and anti-racism and are prepared to engage in that work.

Work Location

Reinvestment Fund is maintaining a 100% remote work environment through mid-2022 due to COVID. Reinvestment Fund expects to provide a flexible work arrangement that will be a hybrid home/office work arrangement in 2022 and beyond. It is anticipated that a combination of working remote and two days in a Reinvestment Fund office location will allow for face-to-face interactions. Depending on the nature of the job, a more flexible work schedule may be considered.

About the Position

The Senior Accountant will report to the Assistant Controller and is responsible for assisting with all grant and contract accounting, administration and compliance.  The Senior Accountant will work directly with the Business Line Managers to ensure all grant and contract management is financially sound and in compliance with all necessary internal controls and external regulations.  The Senior Accountant will perform general accounting duties including journal entries, reconciliations and budget vs actual reporting.

Responsibilities

Include the following. Other duties may be assigned.

Grant Administration and Contract Billing
  • Read agreements and assist with determination of appropriate accounting and revenue recognition treatment.
  • Review grant and contract proposals.
  • Assist business line managers with budget preparation for new grants and contracts.
  • Maintain and update budgets for grants and contracts.
  • Monitor and release time and use restricted grants from temporary restriction.
  • Prepare monthly accounting entries for grants and contract billing.
  • Prepare invoices for contract billing.
  • Analyze accounts receivable, billing, and collections.
  • Maintain all grant and contract billing schedules.
  • Assist with the maintenance of the Project Management module of the ERP system.
  • Reporting:
    • Actual vs. budget reports by department and by specific program.
    • Prepare financial reports to grantors where required.
    • Report on grant activity using ERP system.
    • Provide timely reports and analyses to business line managers.
General Accounting
  • Prepare schedules and journal entries for monthly close.
  • Review and reconcile various general ledger accounts as assigned.
  • Review daily transactions related to posting cash applications for lending transactions
  • Assist the auditors in the completion of the annual financial audits and A-133 audits, including preparing appropriate financial schedules and footnote disclosures needed
  • Assist in preparation of the annual 990
  • Assist in preparation of annual surveys and other Adhoc reporting.
Education, Experience, Skills

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and ability required.

  • Bachelor’s degree in accounting is required; advanced degree or certifications a plus
  • Minimum 5+ years related job experience in accounting, experience in non-profits, or public accounting auditing of non-profits is a plus.
  • Thorough understanding of US GAAP and Uniform Guidance
  • Strong general ledger skills are required. Familiarity with Netsuite ERP is a plus.
  • Familiarity with government contracts and billing (GSA schedules), as well as Federal Form 990, is a plus.
  • Must have demonstrated proficiency in Microsoft Office, particularly Excel, and ERP systems.
  • Excellent verbal and written skills; ability to interact comfortably with all levels of management
  • A high degree of accuracy and timeliness in work
  • Proactive individual, accustomed to taking initiative.
Compensation and Benefits

Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability, and life insurance, 401(k) retirement savings plan with employer match, flexible spending accounts (medical, dependent care), commuter benefits, tuition reimbursement, paid time off, and EAP program.

To Apply

Please click on the Apply For Position button below and attach your resume and a cover letter.

Reinvestment Fund uses E-Verify to validate all new hires’ ability to legally work in the United States. Reinvestment Fund is an Equal Opportunity Employer.  Reinvestment Fund does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disabilities, or status as a veteran.

Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) which is a state-registered investment adviser.  In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA.   As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information. For certain individuals, this reporting will extend to your household members. You may be subject to a background check.

COVID-19 Vaccination Update: We value the safety and well-being of our RF Community, which includes staff and beyond. As such, our team has chosen to require all staff, interns, and contractors to be fully vaccinated as a contingency of employment. Candidates should consider this requirement before applying.