Financial Controller

OVERVIEW

The Boston Impact Initiative Fund is an impact-investing fund dedicated to closing the racial wealth divide. We invest integrated capital (equity, debt, and grants) in local regenerative enterprises that restore the productive capacity of communities of color in Eastern Massachusetts. We are a 501(c) (3) charitable loan fund that has raised $7M from values-aligned accredited and non-accredited investors. We also host a cohort of 11 communities around the country seeking to design and launch integrated capital funds dedicated to closing the racial wealth divide. We are currently a team of five employees.

POSITION

We are seeking a full-time Financial Controller to support our team. The candidate will manage our financial operations and report on complex financial transactions that support our efforts to invest in closing the racial wealth divide. This position will report directly to the CEO. We are seeking someone who shares our beliefs that:

  • Current capital markets are not working
  • Investment decisions should not be strictly financial
  • We have much to learn from emerging models of impact investing, solidarity economics, and justice movements

A successful candidate will be a hands-on, collaborative team player who will lead and manage the following areas: finance, fund accounting, business planning and budgeting, human resources, administration, and IT. 

ROLES AND RESPONSIBILITIES   

Financial Management

  • Manage the day-to-day finance and accounting function for the organization and the fund; oversee all financial, fund, project/program, and grants accounting.
  • Prepare all monthly, quarterly, and annual financial reports for the Investment Committee and Board; Analyze and present financial reports accurately and timely.
  • Coordinate all cash disbursements, payments, and reporting requirements for (a) portfolio companies and (b) the fund’s investors and grantmakers.
  • Manage the organization’s the portfolio and investment database, contracts, and reporting systems (e.g., Quickbooks, Nortridge); ensure adherence to contract billing and collection schedules, including all payments and reporting activities for loans, equity investments and investor notes.
  • Manage the annual audit process and tax preparation with the external auditor.
  • Manage the annual budgeting and planning process; prepare annual and multi-year budgets and cash flow forecasts; monitor progress and changes.
  • Update and implement all necessary business policies and accounting practices
  • Develop the finance policies and procedures manual.
  • Ensure compliance with applicable financial and accounting standards and federal, state, and local laws and regulations.

Human Resources, IT, and Administration

  • Administer payroll, compensation, benefits, and performance management.
  • Provide other administrative and human resources support to the organization.
  • Manage the organization’s insurance policies and risk program.
  • Support the organization’s information security program.
  • Other duties as assigned.

DESIRED SKILLS AND EXPERIENCE

  • A minimum 7 years’ experience in finance and accounting.
  • Fund accounting is a must; nonprofit accounting experience (either via employment or via contract services) is strongly preferred, CPA is a plus. 
  • Fluency in U.S. GAAP, fund compliance and internal controls.
  • Fluency in Quickbooks and fund accounting software such as Nortridge. 
  • Experience with payroll and benefits management.
  • Demonstrated interest in and understanding economic justice, racial justice, gender equity, sustainability, and related topics.
  • Ability to be self-directed and meet rapid deadlines.
  • Willingness to continuously learn and adapt.
  • Resourceful, proactive, able to prioritize and navigate in a fast-paced team-oriented environment.
  • Strong project management and communication skills.  
  • Excellent organization, attention to detail, and follow-through.
  • Ability to handle complex and confidential information with discretion.

Compensation and Benefits

This is a full-time, exempt position. The salary range is $75,000 – $100,000 commensurate with experience, plus an employee bonus of up to 20% of base salary. Boston Impact Initiative offers a work environment that supports the unique needs of each employee to balance work and life. We offer a benefits package that includes  remote and flexible work options, health plan reimbursement stipend, paid time off, and professional development support. 

How to Apply

The Boston Impact Initiative is an equal opportunity employer. Our goal is to build a culturally diverse and inclusive organization. We provide equal opportunities for all persons seeking employment without regard to race, age, color, religion, gender identity, family status, sexual orientation, military status, national origin, disability, or any other characteristic as established by law. Greater Boston residents, women, people of color, immigrants, queer and gender-nonconforming people strongly encouraged to apply.

To apply, please submit your cover letter and resume. In your cover letter,​ ​please answer the following questions with no more than 3-5 bullet points per question:

  • What about BII’s mission appeals to you?
  • How does this role align with your skills and current career trajectory?
  • What aspects of your experience are you most eager to contribute toward this role?

Applications will be evaluated as they arrive, and the position will remain open until filled.

APPLY FOR THIS POSITION

Job Category: Non-profit / Financial Services
Job Type: Full Time
Job Location: Boston