<p>THE COMPANY</p> <p>The Low Income Investment Fund is a non-profit Community Development Financial Institution (CDFI) that mobilizes capital and partners to achieve opportunity, equity and wellbeing for people and communities. LIIF innovates financial solutions to create more equitable outcomes for all by building and preserving affordable homes, quality educational opportunities from early childhood through higher education, health clinics, healthy food retail and community facilities. In this way, LIIF provides a bridge between private capital markets and communities. LIIF's headquarters is in San Francisco and has offices in Los Angeles, New York, Atlanta, and Washington D.C.</p> <p>JOB SUMMARY:</p> <p>The Accounting Manager is a key position that supports accurate and complete preparation of LIIF's accounting records. This position supports the month end close, revenue recognition, account reconciliations, annual audits and reporting of financial results (both internally and externally).</p> <p>The Accounting Manager will be responsible for drafting and at times, leading communications and meetings with all LIIF departments to present financial information and external stakeholders. This position will have direct supervisory responsibility for up to three full-time Staff and Senior Accountants.</p> <p>REPORTING RELATIONSHIPS:</p> <p>This position reports to the Vice President, Controller and works closely with the Assistant Controller, Chief Financial & Administrative Officer (CFAO), and other senior managers across the organization. This position has direct supervisory responsibility for up to three full-time employees, including Staff Accountants and Senior Accountants.</p> <p>KEY RESPONSIBILITIES:</p> <p>Financial Reporting & Compliance</p> <ul> <li>Prepare LIIF's internal consolidated financial statements monthly. </li><li>Analyze financial statement line items and investigate budget-to-actual variances. </li><li>Lead a 10-business-day month-end close process, ensuring accurate and timely financial entries. </li><li>Oversee, through direct preparation and review, monthly and quarterly account reconciliations prepared by the accounting team. </li><li>Manage contribution revenue recognition in accordance with grant agreements and supporting documentation. </li><li>Oversee and manage contract revenue recognition in compliance with US GAAP and ASC 606, including audit memos and supporting schedules. </li><li>Review and prepare the monthly net assets roll-forward, billing tracking files, and restricted grant revenue as needed. </li><li>Manage the Fixed Asset subledger and related reconciliations, ensuring alignment with the general ledger. </li><li>Support preparation of LIIF's year-end external audit and tax filings (Form 990). </li><li>Assist in audit and tax preparation for affiliated entities and smaller companies. </li><li>Prepare the Schedule of Expenditures of Federal Awards (SEFA) and support the Single Audit process. </li><li>Reconcile Salesforce grant reports to the general ledger quarterly to ensure completeness. </li></ul> <p>Operational Accounting & Systems Oversight</p> <ul> <li>Ensure timely recording and reconciliation of all cash transactions during the month-end close. </li><li>Oversee and review daily and weekly recurring journal entries and cash receipts for accuracy and completeness. </li><li>Maintain and strategically evolve the accounting system, including chart of accounts and allocation codes, ensuring alignment with GAAP and evolving business needs. </li><li>Manage accounting processes for affiliated small entities, including journal entries and reconciliations. </li><li>Support the automation and streamlining of accounting processes to ensure audit-readiness and operational efficiency. </li><li>Provide financial data and analysis to senior management and internal departments as needed. </li></ul> <p>Staff Leadership & Cross-Functional Collaboration</p> <ul> <li>Supervise and develop up to three full-time staff (Staff and Senior Accountants), including training, performance management, and professional growth. </li><li>Delegate responsibilities effectively, considering individual team members' strengths and development goals. </li><li>Participate in hiring, onboarding, training, and performance evaluation of accounting staff. </li><li>Collaborate with the Assistant Controller and Controller to manage workflow and prioritize departmental tasks. </li><li>Work closely with Finance and Operations Managers and Directors to gain institutional knowledge of business transactions affecting accounting, including New Markets Tax Credits (NMTC) and small company activity. </li><li>Communicate complex financial concepts clearly to non-financial stakeholders. </li><li>Provide coverage for colleagues during absences as needed. </li></ul> <p>Stakeholder Engagement & External Relations</p> <ul> <li>Participate in communication with funders, auditors, consultants, and other external parties as needed. </li><li>Provide timely financial data, analysis, and technical guidance to internal departments to support informed decision-making. </li><li>Represent the Finance team in internal and external meetings as required, occasionally leading discussions and presentations of financial results. </li><li>Provide backup support during the absence of other Finance team members. </li></ul> <p>QUALIFICATIONS:</p> <p>Education and Experience</p> <ul> <li>Bachelor's degree in Accounting, Finance, or Business Administration required. </li><li>CPA highly preferred. </li><li>Minimum of 5 years of relevant accounting experience, including at least 2 years in a supervisory role. </li><li>Experience in nonprofit or mission-driven organizations preferred. </li></ul> <p>Skills:</p> <ul> <li>Proficiency in Abila MIP Fund Accounting and familiarity with Microsoft Word, Excel, Outlook; experience with Access or other databases is a plus. </li><li>Experience developing and improving accounting databases and systems. </li><li>Experience training and mentoring staff on technical tasks. </li><li>Ability to manage multiple projects, balance competing priorities, and consistently meet deadlines. </li><li>Proactive, flexible, and enthusiastic attitude. </li><li>Strong interpersonal skills and ability to work effectively with staff at all levels. </li><li>Exceptional attention to detail to identify and resolve discrepancies, ensuring accurate financial reporting. </li><li>Strong organizational and time management skills; ability to prioritize tasks and meet deadlines. </li><li>Advanced proficiency in Microsoft Excel, with experience automating and streamlining data processes. </li><li>Effective communicator with ability to translate financial concepts for non-financial stakeholders. </li><li>Ability to train and mentor staff, particularly in Excel. </li><li>Demonstrated knowledge of nonprofit accounting standards and practices </li></ul> <p>ADDITIONAL INFORMATION:</p> <p>LIIF offers a hybrid work environment with flexibility to balance in-office and remote work. However, all employees are expected to work on-site at least two (2) days per week. The successful candidate may be expected to travel occasionally for meetings or other Company sponsored events.</p> <p>All Low Income Investment Fund (LIIF) employees must be fully vaccinated against COVID-19. In accordance with LIIF's policies, we provide reasonable accommodations, absent undue hardship, to qualified individuals who cannot get vaccinated against COVID-19 because of sincerely held religious or medical reasons. If you believe you need an accommodation from the vaccination mandate required by this policy, please notify our Human Resources Department.</p> <p>HOW TO APPLY:</p> <p>Please apply with Resume and Cover Letter via our recruitment portal: Recruitment (adp.com) or via email: careers@liifund.org</p> <p>Notice to Third Party Recruitment Agencies:</p> <p>Please note that Low Income Investment Fund does not accept unsolicited resumes from recruiters or employment agencies. In the absence of an executed Recruitment Services Agreement, there will be no obligation to any referral compensation or recruiter fee.</p> <p>In the event a recruiter or agency submits a resume or candidate without an agreement Low Income Investment Fund shall explicitly reserve the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, shall be deemed the property of Low Income Investment Fund.</p> <p>We do not accept unsolicited phone calls. Only candidates being considered for a position will be contacted.</p> <p>LIIF, an EOE (Equal Opportunity Employer), believes that diversity ensures excellence. All qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender, or national origin. Candidates of diverse backgrounds and with diverse experience are strongly encouraged to apply for this position.</p>