Staff Accountant

Description

ABOUT REINVESTMENT FUND:

At Reinvestment Fund, we are dedicated to making a tangible difference in the lives of underserved individuals and communities. Our mission is to create 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.

ABOUT THE POSITION:
Reinvestment Fund is seeking a Staff Accountant to support the Finance and Accounting team by managing daily cash and investment activity, performing monthly reconciliations, preparing journal entries and financial reports, and providing general accounting support across the department. Reporting to the Accounting Supervisor, this role supports accurate and timely general ledger activity, including bank reconciliations, restricted cash, investment activity, debt service payments, and other assigned accounts. The Staff Accountant also contributes to annual audit requests and helps support accounting functions and process improvements across the department. This is a great opportunity for an individual with strong accounting fundamentals, attention to detail, and an interest in leveraging technology and financial systems within a mission-driven organization. 

RESPONSIBILITIES:  

• Record daily cash into general ledger.
• Ensure daily bank activity imports successfully into the general ledger for bank reconciliation.
• Daily matching and reconciliation of cash and general ledger activity.
• Create and monitor exception reports for unmatched activity.
• Prepare monthly journal entries as assigned.
• Perform bank reconciliation on all bank accounts monthly.
• Record monthly restricted cash reconciliation.
• Record interest earned and bank fees on all bank accounts monthly.
• Record and reconcile monthly investment activity, including interest income, gains/losses, fees, etc.
• Record, analyze, and reconcile various general ledger accounts as assigned.
• Process debt service payments to general ledger for AP processing and reconciliation of related payable accounts.
• Assist with annual audit requests as needed.
• Other duties as assigned.

Requirements

EDUCATION, EXPERIENCE AND 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/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Required Qualifications:

• Bachelor’s degree in accounting 
• Minimum 2+ years related job experience in accounting. 
• Strong information technology skills, including experience with ERP systems is required.
• Demonstrated proficiency in Microsoft Office, with advanced Excel skills. 
• Thorough understanding of GAAP accounting principles. 
• High degree of accuracy, attention to detail and timeliness in work is required.
• Ability to self-motivate, solve problems, and be held accountable to ownership of all duties. 
• Effective written and verbal communication skills; ability to work collaboratively with staff
• Demonstrated ability to follow established procedures, maintain organized documentation, and proactively escalate issues. 

Preferred Qualifications:

• Previous experience with general ledger systems (NetSuite or similar), treasury platforms (Kyriba or similar), and a propensity for systems and process improvement.

WORK LOCATION:

For this position, we will consider remote employees within the Eastern Time Zone, with a preference towards candidates in the Mid-Atlantic region to allow for occasional team-based face-to-face interactions. If a remote employee is ultimately selected for the position, travel will be occasionally required to our Philadelphia headquarters for staff meetings.

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) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program.

The salary range for this position at commencement of employment is between $64,000 to $72,000/year, however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

Reinvestment Fund uses E-Verify to validate all new hires' ability to legally work in the United States and all new hires may be subject to a background check.

Reinvestment Fund is an Equal Opportunity Employer. We do not discriminate in hiring or employment practices based on race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disability, or status as a veteran. Reinvestment Fund is committed to belonging, culture and engagement throughout our organization and in our external investment practices.

Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) that 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, and this reporting may extend to your household members.