Controller, Finance

Reporting directly to the Chief Financial Officer, the Controller is the senior accounting and financial reporting leader for New Jersey Community Capital (NJCC), a nonprofit Community Development Financial Institution (CDFI), and its consolidating and non-consolidating affiliated entities, including entities with external partners. The Controller is responsible for the accuracy and timeliness of all accounting, financial reporting, audit, tax and compliance functions;

owns the monthly close and internal control environment; oversees loan portfolio accounting and CDFI Fund, the real estate portfolio (including property management and construction/development accounting) and lender/investor reporting; leads the accounting team; and partners with the CFO and executive leadership on financial strategy.

• Lead, mentor and develop the accounting team (e.g., Assistant Controller, Senior Accountants); set priorities, review work product and manage performance.
• Partner with the CFO on financial strategy, budgeting, forecasting and liquidity; present financial analysis to the executive team and Board committees (e.g., Finance, Audit).

• Lead the annual financial statement audit for NJCC and non-consolidating entities as primary liaison with external auditors; fulfill audit requests, prepare responses to financial statement questions and oversee GAAP-compliant financial statements and footnotes (ASC 958).
• Oversee Single Audit readiness, as applicable.
• Oversee year-end accounting for the real estate portfolio and project-level entities, including capitalization versus expense of development and construction costs, depreciation, impairment review, and consolidation determinations; support property-level and partnership audits and cost certifications.
• Oversee accounting and reporting for tax-credit and real estate partnerships (e.g., LIHTC, NMTC, historic tax credits), including equity-method accounting, allocations, investor reporting and coordination of partnership tax returns with outside advisors, as applicable.
• Oversee tax and regulatory filings with outside advisors and ensure proper completion of annual tax reporting.
• Lead the annual budget process and CDFI Fund certification and reporting (Annual Certification Report, Institution Level Report, Transaction Level Report).
• Review and approve the annual allowance for credit losses.

• Provide budget-to-actual variance analysis and explanations to the CFO, management, and the Board.
• Prepare and review covenant compliance and lender/investor reports, including portfolio performance, delinquency and loan loss reserves.
• Review balance sheet reconciliations, including equity accounts and net assets, to ensure all balances are valid, and monitor and follow up on open receivables, including Property Management fees.
• Review expenditures, match and compliance requirements for federal, state and other awards (including CDFI Fund and other grants).
• Review construction-in-progress and development project cost reports, including budget-to-actual, contingency, change orders, retainage, capitalized interest and soft costs, and sources-and-uses; ensure costs are properly classified and supported.
• Review property-level financial statements and operating reports (owned and managed properties), including replacement and operating reserves, tax and insurance escrows, debt service coverage and lender/investor covenant calculations.

• Own the monthly close; analytically review entity balance sheets and income statements.
• Ensure accuracy of intercompany accounts; review bank reconciliations and loan sub-ledger to general ledger reconciliations.
• Review and approve journal entries within the accounting system and ensure their accuracy, including loan, interest, fee and debt-related accruals.
• Oversee property management accounting in Yardi: rent roll and receivables aging, tenant security deposits, subsidy and tenant receipts, property management and asset management fees, and reconciliation of property sub-ledgers and bank/escrow accounts to the general ledger.
• Oversee construction accounting: review and approve construction draw requests and project payables, retainage and lien waivers, accruals for work in place, and reconciliation of construction loan balances and interest reserves; ensure costs are coded to the correct project and entity.

• Maintain strong internal controls and written policies; ensure compliance with current accounting standards,…