66 Staff Accountant Jobs in Boston, MA
Boston Impact Initiative is Hiring a Staff Accountant Near Boston, MA
Over the last 10 years, BII has pioneered deploying integrated capital—defined as financial (equity, debt, and grants), knowledge, and social capital—to regenerative local enterprises owned and controlled by communities of color to help close the racial wealth divide. Our investments catalyze impactful enterprises and community-owned and governed real estate that prevents displacement. In doing so, BII is democratizing access to finance and transforming how capital moves towards the entrepreneurs and communities of color that have been systematically under-invested. Through our new impact fund (Fund II), education programming, and local advocacy efforts, BII sees a unique opportunity to grow the solidarity finance movement to fund and strengthen the people, places, and enterprises building the solidarity economy in Massachusetts and beyond.
Boston Impact Initiative seeks a detail-oriented and motivated Staff Accountant to join our finance team. The ideal candidate will have a strong foundation in accounting principles, excellent organizational skills, and a commitment to our mission of promoting economic justice and racial equity. This role will support various financial functions within the organization, including but not limited to cash reconciliation, accounts payable/receivable, fund management, financial reporting, and audit management.
Key ResponsibilitiesThe Staff Accountant plays a significant role in BII’s integrated capital strategy. The primary responsibilities include providing financial and administrative support for the BII Fund, including:
Financial Accounting and Reporting
- Process and code accounts payable transactions via BILL
- Coding the monthly PayPal and credit card transactions.
- Maintain and update accounting records and files.
- Prepare invoices for program fees and grants receivable and follow up on outstanding receivables.
- Assist Controller with annual budget planning process, including meeting with department managers and creating schedules for all operating expenses.
- Assist Controller with preparation of board and finance committee package.
- Generate and distribute monthly portfolio statements and annual noteholder statements.
- Prepare and enter portfolio investment transactions in the loan servicing system and ensure that any changes to loan terms are updated regularly.
- Ensure that all portfolio transactions entered in the loan servicing solution are accurately recorded in the general ledger, including preparing amortization schedules, recording funding/payoff transactions, interest capitalizations, interest accruals, interest payments, changes to loan loss reserves, charge-offs, and recoveries.
- Prepare and distribute monthly portfolio company statements and process monthly portfolio payments.
- Assist Controller with month-end close and reporting for BII's two funds.
- Manage investor/noteholder onboarding by supporting the subscription process, generating invoices for capital calls, and correspondence with RIAs and financial institutions, and distributing closing documents
- Generate and distribute annual noteholder statements, and serve as an additional point of contact for noteholder questions
- Prepare and enter noteholder transactions in the fund management system.
- Ensure that all noteholder transactions entered in the fund management system are accurately recorded in the general ledger, including preparing amortization schedules, recording funding/payoff transactions, interest accrual, and interest payments
- Support the Controller with the annual audit, including preparing schedules and reconciliations as requested, managing confirmations and document requests, and responding to auditor inquiries as directed by the Controller and external CFO.
- Provide Form 990 preparation assistance, including gathering requested information
- Assist with Form 1099-INT, Form 1099-Misc, and 1099-NEC preparation for review by Controller and external CFO.
- Manage insurance policies and renewals process with the Controller and CEO.
- Support Controller with new hire onboarding and benefits setup.
- Perform additional duties as assigned by the Controller, external CFO or CEO.
- Bachelor's degree in Accounting, Finance, or related field.
- 1-2 years of relevant accounting experience, preferably in a nonprofit, CDFI or investment firm environment.
- Proficiency in Microsoft Excel and accounting software (e.g., QuickBooks Desktop, BILL, Nortridge).
- Strong attention to detail and organizational skills.
- Excellent communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Commitment to social and environmental justice.
Job Summary
Full Time
$74k-90k (estimate)
06/08/2024
06/28/2024
The job skills required for Staff Accountant include Accounting, General Ledger, Accounts Payable, Financial Reporting, Attention to Detail, Credit Card, etc. Having related job skills and expertise will give you an advantage when applying to be a Staff Accountant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Staff Accountant. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Staff Accountant positions, which can be used as a reference in future career path planning. As a Staff Accountant, it can be promoted into senior positions as a Bookkeeping Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Staff Accountant. You can explore the career advancement for a Staff Accountant below and select your interested title to get hiring information.
If you are interested in becoming a Staff Accountant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Staff Accountant for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Staff Accountant job description and responsibilities
Staff accountants use computer programs for document creation, spreadsheets, presentations and email.
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Staff accountants are responsible for maintaining accurate records and catching mathematical and clerical errors.
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Staff Accountants prepare and review financial documents, reports, and statements.
03/26/2022: Lorain, OH
A staff accountant creates an accounting system that adheres to federal regulations and keeps order for all financial procedures.
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Staff Accountants must understand how businesses and enterprises work.
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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Staff Accountant jobs
To earn the credential, the accountant must pass the Uniform CPA Examination.
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Consider pursuing continuing education.
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Knowledge of regulatory standards.
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Obtain Accounting Certification.
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Attend financial trainings.
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Step 3: View the best colleges and universities for Staff Accountant.
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