Staff Accountant

Company: Reinvestment Fund

Locations: Philadelphia, PA; Remote, Remote

Job Function: Accounting


Background

Headquartered in Philadelphia, Reinvestment Fund operates nationally with regional offices in Baltimore, MD, and Atlanta, GA. Reinvestment Fund is a national mission-driven financial institution that creates 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.

Summary

In this role you will be an active engaged member of the Organization’s Finance and Accounting team and reports to an Accounting Supervisor. Responsibilities will include recording and reconciling daily cash, recording investment activity, doing monthly reconciliation, and other reporting requirements. This role will also serve as a general accountant to help various functions in the accounting department as need.

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 monthly investment activity, including interest income, gains/losses, fees, etc;
  • Record, analyze, and reconcile various general ledger accounts as assigned;
  • Assist with annual audit requests as needed

Requirements

To successfully perform this position, an individual must have demonstrated experience to deliver on each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required:

  • Bachelor’s degree in accounting
  • Minimum 2+ years related job experience in accounting.
  • Strong information technology skills, experience with ERP systems is required
  • Must have demonstrated proficiency in Microsoft Office, with advanced Excel skills; general ledger systems (NetSuite); treasury platforms (Kyriba); and propensity for systems and process improvement is critical.
  • Thorough understanding of GAAP accounting principles.
  • High degree of accuracy, attention to detail and timeliness in work is required.
  • Must be self-motivated, problem solver, and highly accountable to ownership of all duties.

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, reimbursement for accreditation re-certifications, paid time off, and EAP program.

How to Apply

Apply here. Complete the online application and submit your resume, cover letter, and compensation range as ONE document. 

Reinvestment Fund uses E-Verify to validate all new hires’ ability to legally work in the United States.

Reinvestment Fund is an Equal Opportunity Employer. Reinvestment Fund does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disabilities, or status as a veteran. 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, this reporting will extend to your household members.