Controller

Company: Carolina Small Business Development Fund

Location: Raleigh, NC

Job Function: Accounting


Background

https://www.carolinasmallbusiness.org/

Carolina Small Business Development Fund (CSBDF) is a nonprofit and certified community development financial institution (CDFI). We are passionate and committed to providing support to small businesses across the state. Our Mission is to foster economic development in underserved communities by providing capital, business services, and policy research to support small businesses. CSBDF provides assistance to small business in four major ways: as a partner, as a trusted guide, as an advocate for small businesses, and as an accessible funding source. Our work supports our vision to create economic opportunity for all people. 

Summary

The Controller position is an integral part of the management team with accountability for managing the financial accounting, cash management, grant/sponsorship income, reporting and investment activities. Additionally, this position works with auditors, prepares all bank reconciliations, journal entries, payroll, accounts payable, accounts receivable transactionsThis position assists the CFO in supporting all financial administration, business planning, and budgeting activities. Performs related duties as assigned. 

Responsibilities

    • Financial Accounting Owner – responsible for month end accounting process. 

 

    •  Assists CSBDF Nonprofit’s leadership in the annual budgeting and planning process. 

 

    • Supports the VP, CFO in engaging the board’s audit and finance committees around issues and trends in financial operating models and delivery. 

 

    • Processes accounts receivable payments, ensuring appropriate back-up documentation accompanies each payment. 

 

    • Manages accounts Payable, ensuring timely payments and reconciliation. 

 

    • Records Management including recording all daily cash receipts, receiving payments from borrowers, entering the payments into TEA software and recording the adjusting journal entry into Financial Edge in accordance to company policies and GAAP. 

 

 

    • Oversees ACH process making sure all new loans have an ACH form, verify account information, record the transaction, charge and collect fees, and wires as they are sent and entered into both Tea and Financial Edge. 

 

    • Conducts account research and analysis. 

 

    • Maintains an accurate aging report through tracking and resolving outstanding payment issues 

 

    • Monitors loans to ensure timely payments. 

 

    • Reconciliation of accounts across multiple sub accounts and billing platforms. 

 

    • Support VP, CFO with organizational cash flow forecasting. 

 

    • Performs other duties as assigned or required. 

 

 

Credit/Lending Functional Area: 

    • Provides support to VP, CCO on disbursements. 

 

    • Coordinate with Loan Portfolio Manager and Loan Servicer with outstanding borrowers, research and resolve unpaid open receivables. 

 

    • Review and inform VP, CFO, VP, CCO and Loan Portfolio Manager of delinquent borrowers. 

 

    • Work with the Credit/Lending staff related to loan charge-off issues. 

 

    • Collaborate with the Credit/Lending staff to resolve any outstanding billing loan issues. 

 

Development Functional Area: 

    • Supports Development with processing of grants and funding sources. 

 

    • Supports all financial, project/program and grants accounting; ensures that expenditures are consistently aligned with grant and program budgets throughout the grant/fund period; collate financial reporting materials for government, corporate, and foundation clients/grantors. 

 

Requirements

    • Bachelor’s degree in accounting, business, nonprofit financial management, or related field. 

 

    • At least five years of relevant professional experience managing grants and nonprofit accounting. 

 

    • Any combination of education and experience that can be considered equivalent to the above requirements. 

 

 

Knowledge: 

    • Knowledge of Generally Accepted Accounting Principles and Generally Accepted Auditing Principles related to nonprofit sector financial administration. 

 

    • Knowledge of Government Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) recommended practices and procedures. 

 

    • Knowledge of Legal, ethical, and professional rules of conduct for finance officers. 

 

    • Knowledge of federal, state grant, and special fund accounting regulations, procedures, and accountability standards. 

 

    • General knowledge of current legislative, political, and economic trends in Community Development Financial Institutions (CDFI’s). 

 

    • Sophisticated nonprofit fund and federal grant accounting and management preferred. 

 

    • Proficiency with accounting software, spreadsheets and data management systems required. 

 

    • Ability and desire to translate complex financial concepts to individuals at all levels including finance and non-finance managers. 

 

    • Interpret and apply accounting standards and procedures. 

 

    • Develop and implement cost effective management of resources. 

 

    • Ability to analyze financial issues and make logical recommendations based on findings. 

 

    • Skilled at analysis and application of accounting principles and standards. 

 

    • Adept at leading, coordinating staff, delegating tasks and authority with discretion. 

 

    • Proactive and takes the initiative with excellent proven negotiation, persuasion, and execution. 

 

    • Strong communication, organization, and detail-orientation skills. 

 

    • Maintain confidentiality in processing sensitive client information using discretion and tact. 

 

    • Support a quality credit culture and operate on a team-based lateral organization structure. 

 

    • Maintain and support a shared collaborative team culture in person and virtually. 

 

    • Ability to meet reasonable deadlines and prioritization of workflow within a changing fast paced work environment. 

 

 

Compensation and Benefits

We offer a competitive salary that depends on prior experience. Our benefits package includes Medical, Dental, Vision, Short Term Disability, Long Term Disability, 401k Account with employer match, plus generous vacation and sick time. 

How to Apply

Please apply online at:

https://www.carolinasmallbusiness.org/careers