[Hiring] Director, Specialized Accounting @Nonprofit Finance Fund

Role Description

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
• Special projects as they arise

This role partners closely with program, lending, and finance colleagues to ensure:

• Accurate financial reporting
• Strong stewardship of restricted funds
• Compliance with federal and funder requirements

This Director role is well-suited for a detail-oriented, analytical professional who thrives in a collaborative, mission-driven environment.

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.

Qualifications

• 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

Requirements

• 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
• Contribute to monthly and quarterly close activities, including restricted fund reconciliations and reporting
• Participate in internal and external meetings, department meetings, training sessions, and cross-functional collaboration as appropriate

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

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.