Reporting to the EVP & Chief Financial Officer, Accion Opportunity Fund (AOF) is seeking a Controller to join our team. The Controller is responsible for leading, managing, planning, and coordinating the accounting and external financial reporting functions of the company. This includes but is not limited to the production of periodic financial reports and annual financial statements, maintenance of an adequate system of accounting records, a comprehensive set of controls designed to mitigate risk, ensuring reported results comply with generally accepted accounting principles and regulatory and financial reporting standards, and supporting the annual audit. This position will supervise 4-5 team members and serve as a key inter-departmental liaison throughout the organization.
Finance & Accounting Operations:
Manage, monitor, and have full responsibility for day-to-day finance and accounting operations to ensure timely and accurate financial records. This includes but is not limited to general ledger functions, lending operations accounting, gift processing, accounts receivable, accounts payable, fixed assets, payroll, and monthly reconciliations.
Financial Reporting and Accounting Policy:
Prepare timely and accurate financial reports (Statement of Activities, Statement of Financial Position, Schedule of Functional Revenue and Expenses, Budget Reports, etc.) monthly, quarterly, and annually in accordance with generally accepted accounting principles.
Identify intercompany transactions, consolidation and elimination transactions, and proper recording according to GAAP.
Track net assets restrictions and record release of restrictions as appropriate according to non-profit GAAP.
Monitor and research new accounting pronouncements and developments. Implement accounting policies, procedures, standards, pronouncements, and principles, as promulgated by authoritative bodies. Identifies any financial impacts of the new pronouncements.
Manage different sources of cash to properly fund the organizational activities, both administrative and programmatic, and ensuring compliance with restrictions from donors and lenders.
Maintain sound banking relationships, including online banking. The position is the primary check signer and approver of all cash disbursement methods, including wires and electronic funds transfers.
Audit & Tax Preparation:
Lead and take ownership for the annual financial statement and retirement plan audits, and tax filing preparation, including regular monitoring of financial transactions to meet audit requirements, managing relationship with auditors, and completing first draft of the financial statements and tax returns.
Establishing and monitor internal controls needed to properly record activity in compliance with GAAP and protect organizational assets from external and internal fraud.
Work and coordinate with all departments to ensure proper accounting systems are in place to respond to increased volume of activities and for new program initiatives, as well as increased demand on the accounting department due to the growth of the organization.
Proactively engage with the IT department regarding business requirements and necessary changes to finance and accounting systems, source systems, and underlying data.
Continually look for areas of process improvement including automation and the use of outside service providers.
Provide direct reports with proper tools and authority to execute their assigned functions.
Develops skills of staff through goal setting, coaching, problem resolution, delegation, training, counseling, and performance management.
Work collaboratively with Human Resources to recommend staffing levels and approve personnel actions such as hiring, terminations, promotions, transfers, timely performance reviews, and salary increases in accordance with legal and acceptable company personnel practices.
Highly qualified candidates will share Accion Opportunity Fund’s commitment to its mission and will embody the organization’s core values bringing a broad range of skills and experience including, but not limited to:
Bachelor’s degree in business or accounting with a master’s degree preferred. A combination of education and experience may be considered.
Minimum of 10 years progressive accounting or finance experience
Non-profit accounting experience required, including single audit requirement.
Managing an accounting team with prior controllership experience; 5+ years preferred
Experience with modern accounting, finance, and reporting systems. Oracle/NetSuite accounting software a strong plus.
Experience with continuous improvement using process redesign, automation, and effective data management skills.
Unquestionable integrity in handling sensitive and confidential information required.
Professional credentials such as a Certified Public Accountant (CPA) strongly desired.
Financial services industry experience specifically in the area of lending is strongly desired.
Ability to thrive in an entrepreneurial, team-oriented, mission-driven environment.
Experience with accounting for multiple entities, including intercompany transactions and eliminations entries as required by GAAP preferred.
Must be adaptable, innovative, industrious, and responsive to changing business and competitive environments.
Record of providing an exceptional level of quality service for internal and external customers; responding to customers’ needs, questions, and concerns in an accurate, effective, and timely manner.
Demonstrated ability to communicate effectively, clearly, and persuasively in a variety of settings, formats, and audiences across business lines at all levels as well as the executive leadership team and board of directors.
Strong leadership and managerial skills are required to manage, motivate, and develop a high-performing team. Employee development, performance management, training and employee counseling skills are required.
Demonstrated ability to develop and maintain strong working relationships with all business units to achieve common goals.
Strong problem-solving, attention to detail, organizational, data review, and time management skills with the ability to accurately manage multiple assignments, goals, reporting requests, and staffing schedules, ensuring priorities are set and commitments and deadlines are met with minimal oversight and direction.
Perks & Benefits:
Our mission is what motivates us to come to work each day. We know that happy employees are productive employees, which is why we offer a comprehensive benefits package that includes:
Competitive salary commensurate with experience.
An environment that values work-life balance.
100% company-funded Medical, Dental, Vision, Life & Disability coverage for employees. 90% company-funded dependent coverage.
Voluntary benefits with payroll deduction for Supplemental Life & AD&D insurance, Auto/Renters/Homeowners insurance, Pet Insurance and Legal plans.
Tax deferred & Roth 403(B) Retirement Plan with employer match. Employer match increases with tenure.
Paid vacation (increased with tenure), 13 paid holidays, sick, and family leave days.
This is a fully remote (work from home) position during COVID, however, periodic visits to the San Jose office may be required.
About Accion Opportunity Fund
In March 2020, Opportunity Fund, the country’s leading nonprofit small business lender, and the Accion U.S. Network, the U.S. affiliate of global nonprofit Accion that has led a nationwide network of community lenders since 2011, combined efforts to form Accion Opportunity Fund/Opportunity Fund.
The nation’s 30 million small business owners often lack access to affordable credit from responsible lenders offering attractive loans and services. Industry estimates suggest that there is an $87 billion annual market gap in loans less than $100,000 for Main Street entrepreneurs. Addressing this gap can ensure that small business owners can sustain their enterprises; drive job creation; and stimulate regional economies through increased wages, spending and tax revenue.
Leveraging the strengths of both organizations, Accion Opportunity Fund will spearhead the development of a national microlending strategy to meet the credit needs of small businesses – developing new products, establishing new partnerships, promoting research and financial education, and leveraging digital technologies and data analytics to support mission-driven lending.
Opportunity Fund rema...ins as an independent Community Development Financial Institution (CDFI) focused on expanding its lending and advisory services in California and other markets in the US.
“Collaboration and partnership are key ingredients to better serving our customers. Opportunity Fund and Accion share a common vision for an inclusive, healthy financial system that supports the nation’s small business owners. By coming together, we can accomplish what may have seemed impossible to some. This is the first national effort that can transform the small business lending and advising sectors and, with it, the lives of families running small businesses across the country. We are thrilled that building the future of American small business credit and advising services brings our two organizations together.”
- Luz Urrutia, CEO of Opportunity Fund and the newly-formed Accion Opportunity Fund.
“Small businesses are the driving force behind America’s economy and around the world, but too often lack the capital and support they need to grow and succeed. For decades, Accion has worked alongside entrepreneurs, business leaders, lenders, and policymakers in the United States to address this need. We are confident that combining our operations in the U.S. with Opportunity Fund is the right next step to scale these efforts and help more American entrepreneurs build a better future.”
- Michael Schlein. President and CEO of Accion.