Sr. Associate Accounting

About Opportunity Finance Network (OFN)

Opportunity Finance Network (OFN) is a national network of community development financial institutions (CDFIs) investing in opportunities that benefit low-income, low-wealth, and other disadvantaged people and communities across America. With over $1 billion in total assets under management, OFN manages a national membership network of more than 410 mission-driven lenders including community development loan funds, credit unions, green banks, community development banks, minority depository institutions, and venture capital funds. For more than 30 years, OFN has been a trusted partner to the public, private, and philanthropic sectors, including foundations, corporations, banks, and government agencies. OFN aims to align capital with social, economic, and political justice, making an impact where traditional finance does not reach. Additionally, OFN is dedicated to building a diverse and inclusive workplace, welcoming staff from various professional and academic backgrounds.

About this Role

Opportunity Finance Network (OFN) is expanding our accounting team and seeks a new Senior Associate. The Sr. Associate will assist in developing and maintaining OFN’s budgets, reporting, and analysis. This role also serves as an administrator for the organization’s payroll and timekeeping software ensuring compliance with regulatory requirements. If you want to work for an organization that makes an impact, OFN might be the place for you. It is our mission to align capital with social, economic, and political justice. OFN is the nation’s leading investment intermediary and network for CDFIs serving rural, urban, and Native communities across the United States. With over $1 billion in total assets under management, OFN manages a national membership network of over 410 mission-driven lenders and CDFIs. OFN is a trusted investment partner to the public, private, and philanthropic sectors. For more than 30 years, our team has helped partners invest in communities to catalyze change and create economic opportunities. At OFN, we are dedicated to building a diverse, inclusive workplace and encourage candidates from all backgrounds to apply.

Responsibilities

• Prepare and analyze financial reports, including general ledgers, balance sheets, and income statements.
• Assist with the preparation of the annual budget and monitor adherence to budget guidelines.
• Prepare month-end and quarter-end related journal entries and other transaction activity as necessary.
• Assist with year-end closing procedures and preparation for the annual audit.
• Fulfill requests for external audit team on documentation and testing to complete year-end audit.
• Cross-train and provide surge capacity support for Accounting Associates.
• Perform bank reconciliations.
• Support the accounting team with updating financial systems and financial/accounting policies and procedures.
• Ensure compliance with state agencies and corporate taxes as required.
• Oversee time and labor tracking system and serve as administrator of payroll and timesheet software platform.
• Stay up-to-date on relevant accounting regulations and best practices for non-profit organizations.
• Perform other duties and projects as assigned by VP, Accounting.

Requirements

• Bachelor’s degree in a relevant field or 5-7 years direct work experience in lieu of a degree required.
• 2-3 years of experience in accounting, preferably in a non-profit setting required.
• Experience with grant accounting and reporting desirable.
• Experience working in a CDFI or nonprofit environment is desirable.
• Advanced digital literacy and ability to navigate workplace technology.
• Excellent organizational skills with initiative and sound judgment.
• Strong understanding of accounting principles (GAAP) and non-profit accounting standards.
• Effective analytical and problem-solving abilities.
• Ability to work well with diverse constituents and interface with employees at all levels.
• Comfortable working autonomously and managing multiple tasks.
• Excellent time management skills with the ability to manage tasks within tight deadlines.
• Effective and professional written and verbal communication skills.
• Minimal travel required (10% of time).

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Retirement plan
• Sick leave
• Paid time off