Director, Specialized Accounting

Position

Reports to:

Controller

Finance

US-based remote, with a strong preference for candidates within commutable distance to one of NFF’s Offices (Boston, New York, Philadelphia, Oakland, and Los Angeles)

$129,400 - $143,800

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.

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 as they arise. As a nonprofit Community Development Financial Institution (CDFI), NFF integrates mission and capital across its work.

This role partners closely with program, lending, and finance colleagues to ensure accurate financial reporting, strong stewardship of restricted funds, and compliance with federal and funder requirements. This Director role is well-suited for a detail-oriented, analytical professional who thrives in a collaborative, mission-driven environment.

NFF has offices in Boston, New York, Philadelphia, Oakland, and Los Angeles. This is a US-based remote role, with a strong preference for candidates within commutable distance to one of NFF’s offices. NFF has core business hours where we expect all staff to be available from 9 am to 5 pm local time, and occasional travel (20%) is required.

Essential responsibilities for this role include, but are not limited to:

• 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,…