FINANCE SENIOR ASSOCIATE

Acumen is looking for a finance professional with audit experience to join our NY team.  This is an outstanding opportunity for a candidate with 3-6 years of experience, an understanding of both non-profit accounting and a familiarization with debt and equity investments, strong technical skills and an unwavering attention to detail.

Acumen

Acumen is changing the way the world tackles poverty by investing in companies, leaders and ideas. We invest patient capital in businesses whose products and services are enabling the poor to transform their lives. Founded by Jacqueline Novogratz in 2001, Acumen has invested more than $106 million in 96 companies across Africa, Latin America, South Asia and the United States. We are also developing a global community of emerging leaders with the knowledge, skills and determination to create a more inclusive world. In 2015, Acumen was named one of Fast Company’s Top 10 Most Innovative Not-for-Profit Companies.

Finance Team

The Finance Team is headed by a CFO working alongside a four-person NY team and involves coordination with local Finance team members. The Finance Senior Associate will report directly to the Controller and work closely with the overall team.  Acumen has a $17.3M global operating expense budget and a multi-million annual investing target. The organization is growing, highly solvent with a strong balance sheet.

Who You Are

You are a financial professional committed to work-product excellence with an energetic approach towards accomplishing tasks.  You are passionate about tackling poverty with a fascination for financial instruments that offer creative solutions to assisting development entrepreneurs.  You enjoy working across multiple teams particularly with fundraising and investment groups and have an ability to build relationships and trust by having a solutions-oriented mindset. 

This role requires a mastery of traditional accounting and finance functions that are the core of every successful finance team.  Your experience allows you be a self-starter in this regard, while still benefiting from the direction and guidance needed to work up the learning curve within this functional area under the mentorship of outstanding professionals.

Responsibilities

General Finance and Accounting Functions

  • Manage global month-end close process per Finance team’s checklist
  • Assist with grant reporting, internal monthly reporting and analytics
  • Reconcile and confirm revenue transactions initiated by development department while resolving any discrepancies with development team
  • Liaise with portfolio team to manage investment activities – disbursements, interest income, principal payments, etc.
  • Review and maintain accuracy of monthly activities in General Ledger, and determine changes/needs to keep up with organizational growth
  • Coordinate with regional finance managers for quarterly funding requirements
  • Analyze balance sheet accounts and resolve outstanding issues on a quarterly basis
  • Collaborate with FP&A Manager on annual budgeting process and other internal reporting needs

Treasury Activities

  • Manage banking activities such as remittances and wire transfers for programmatic activities, and incoming wires and contributions
  • Manage banking relationships to effect smooth and accurate transactions related to cash movements and foreign currency translations
  • Prepare and reconcile banking activities wires, inter-bank account transfers, bank fees, etc.

Portfolio Investments

  • Monitor financial information in the portfolio management database (Efront); liaise with the Portfolio Team to generate quarterly loan invoices, email invoices to investees and coordinate follow-through with country-based portfolio relationship managers
  • Monitor Investment Committee approvals and activity
  • Maintain portfolio investment schedule tracking cash-flow for all capital, dividend and interest transactions

Annual Audit and Compliance

  • Assist with annual audit by preparing supporting schedules in time for audit commencement
  • Support Controller during audit, gathering requested data and explaining annual activity as questions arise
  • Gather data and prepare supporting schedules for IRS Form 990 filing

Qualifications & Characteristics

The ideal candidate will have:

  • Bachelor’s degree in accounting; CPA or partial work towards CPA a plus
  • 3-6 years’ experience, with a minimum of 2-3 years in the Finance/Accounting function of an organization or audit firm in general ledger, financial reporting and bank reconciliation areas
  • Strong command of accounting theory and practice; knowledge of NetSuite a plus
  • Experience in preparing for and driving audit-related deliverables
  • Advanced Microsoft Excel spreadsheet skills
  • Commitment to accuracy, attention to detail and follow-through
  • Ability work with minimum supervision, should be a problem solver and must be able to complete assigned tasks on time
  • Authorization to work in the U.S. on a permanent basis

Additional characteristics we look for in all roles at Acumen:

  • Commitment to and enthusiasm for the organization’s mission to change the way the world tackles poverty, and respect for our core values: generosity, accountability, humility, audacity, listening, leadership, integrity and respect
  • Ability to thrive when there is ambiguity, remain cool-headed when there are curve balls, and withstand the tests of a rapidly changing environment with resilience and resolve
  • A sense of humor (really)

Compensation
Acumen offers a competitive compensation package commensurate with experience, including full benefits

Deadline
Candidates are encouraged to apply early, as applications will be reviewed on a rolling basis; deadline to apply is Friday, June 30, 2017.

 

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