Full-Time Associate, Finance & Administration
Job Description
What We Do:
Nonprofit Finance Fund® (NFF®) unlocks the potential of mission-driven organizations through tailored investments, strategic advice and accessible insights. Founded in 1980, NFF helps organizations connect money to mission effectively. A leading community development financial institution (CDFI) with over $300 million in assets under management, NFF has provided $575 million in financing and access to additional capital in support of over $1.5 billion in projects for thousands of organizations nationwide. In partnership with others, we’ve generated $16 million for nonprofits for building and cash reserves, and endowments through our multi-year asset-building program, BFF. We’ve also provided loan guarantees and recovery, capital and planning grants.
Each year, we work with hundreds of nonprofits providing education and financial advice and tools to improve their financial understanding and health, and we partner with foundations across the country to develop solutions for organizations’ most pressing issues.
NFF is building a versatile team that has the diverse skills to deliver our products and the entrepreneurial approach and flexibility to support and drive NFF’s growth and innovation. NFF works nationally and our staff is located across five offices in New York, Boston, Philadelphia, San Francisco and Los Angeles.
Position Summary:
The Finance & Administration department at NFF is seeking a full-time Associate. The Finance & Administration Associate supports NFF by providing essential financial analysis and reporting capabilities. This position includes preparation and analysis of internal financials; support to sites and P&L managers in understanding financial data; coordination of treasury activities and cash management; support to Financial Services in the management of debt, loans payable, and loans receivable; preparation of reports to funders, government agencies, and quarterly reports to investors; support to Operations in the management of expense reimbursements; as well as some marketing and administrative support.
The Finance & Administration Associate reports to the Manager of Operations. The preferred location for this position is New York, but consideration will be given to candidates in San Francisco.
Primary Duties and Responsibilities:
Internal Reporting – Prepare monthly and quarterly financial statements; analyze financial and firm-wide data to track financial trends; provide grant reporting and track releases for management; provide detailed financial activity reports around revenue and expenses to staff and management; provide support in preparing firm-wide dashboard reports to track performance against benchmarks.
Loan Fund – Create and maintain reports for the Financial Services team using the Financial Services database; monitor and forecast loan fund and CDFI covenants to ensure compliance; assist in preparation and analysis of loan fund cash forecasts and recommend borrowing when needed, including maintenance of loans payable database and tracking and payment of loans payable principal and interest due; prepare quarterly investor reports to loan fund investors; monitor and analyze cost of funds and cost of debt.
Treasury – Manage all NFF bank accounts and initiate all money transfers, including loan principal and interest payments.
Accounting and Control – Assist Controller and Finance team in monthly and yearend closings, as well as during annual audit process.
Board Reporting – Assist in the preparation of financial statements and analysis used by the Board and Board committees.
Forecasting – Work with directors and managers to update all aspects of the monthly and full year financial forecast; provide analysis; prepare and analyze cash flow forecasts.
Technology and Financial Systems – Help manage and maintain the Adaptive Insights forecasting and reporting system and administer Concur expense reimbursement platform.
Government reporting.
Other special projects for Finance & Administration, Operations, or other departments as needed.
Essential Requirements for Education and/or Experience:
Bachelor’s Degree in Business Administration, Finance, Public Administration or relevant field.
Highly proficient Excel skills; proficient with Word and PowerPoint.
Knowledge and/or experience with accounting, financial statements, and reporting.
High comfort with numbers and ability to connect numbers with decision-making.
Attention to minute detail.
Excellent communication and interpersonal skills.
Ability to work as a team member as well as independently.
Specialized Knowledge/Beneficial Skills and Experience:
Minimum 1 – 3 years’ work experience in an office setting.
Knowledge of Adaptive Insights, Salesforce, and/or Blackbaud a plus.
Experience creating complex financial models, forecasts, and reports.
Understanding of nonprofit accounting and financial analysis.
Prior Loan Fund support experience a plus.
Inquisitive nature and willingness to pitch in to all teams.
Open to learning new skills and systems and an entrepreneurial work ethic.