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. This Director role is well-suited for a detail-oriented, analytical professional who thrives in a collaborative, mission-driven environment.
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.
- Assignments, projects, and job duties may evolve in support of organizational priorities.
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
- Working knowledge of federal grant compliance and reporting requirements
- Strong proficiency with accounting systems, financial reporting tools, and Microsoft Excel
- 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
Skills
- Accounting systems
- Financial reporting tools
- Microsoft Excel
- Online collaboration tools
- Salesforce
- Microsoft Office
Location
- US-based remote
Work Type
- Remote
- Full-time
Experience Level
- Seven (7) years of progressive professional experience in accounting or finance
Education Level
- Bachelor’s degree in accounting, finance, business administration or a related field or equivalent combination of relevant education, training, and relevant experience
Salary/Compensations
- $129,400 - $143,800
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
- Retirement plan with both a non-elective employer contribution (4%) and additional match contribution (up to 2%)
- Work from home fund
- Flexible spending accounts to cover health, dependent care, and commuter costs
About the Company
- Nonprofit Finance Fund® (NFF®) is a nonprofit lender, consultant, and advocate.
- Since 1980, we’ve helped organizations access the money and resources they need to realize their communities’ aspirations.
- Alongside others, we’re working to build community wealth and well-being and put affordable housing, essential services, quality jobs, and excellent education within reach of more people.
- To learn more, visit nff.org.
- Learn more about our work to achieve our vision through our Theory of Change and Values.
