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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.