Loan Fund Accountant Associate

Summary

Join Nonprofit Finance Fund (NFF) as an Associate, Loan Fund Accounting! This fully remote position, with a preference for candidates near New York, Philadelphia, or Boston, offers the chance to apply your accounting skills to a growing $200 million loan portfolio supporting mission-driven organizations. You will maintain portfolio schedules, manage the monthly closing process, prepare reports, and reconcile accounts. Collaboration with various departments is key, ensuring compliance and achieving financial goals. The role involves loan servicing tasks, including processing remittances and payments, and supporting the Senior Director of Treasury with financial analysis and forecasting. NFF offers a competitive salary, comprehensive benefits, and a commitment to work-life balance.

Requirements

• Have a minimum of 1 year of experience preferably in loan servicing or accounting at a commercial bank, credit union, or CDFI; other relevant work or intern experience will be considered
• Have a basic understanding of financial and accounting principles
• Be proficient with Microsoft Office Suite with high proficiency in Excel
• Be comfortable working independently, within a highly collaborative team, and across an organization with multiple departments and varying communications needs
• Be highly organized and possess strong analytical skills to interpret financial data effectively
• Have a strong relationship-building approach with the ability to center the needs of clients, partners, and communities
• Be a self-starter who takes ownership and demonstrates accountability
• Be flexible, adaptable, and willing to pivot on short notice to meet the organization’s needs
• Be able to move thoughtfully through priorities with great attention to detail
• Possess excellent verbal and written communication skills and interpersonal skills
• Be committed to continuous improvement and demonstrate a growth mindset
• Embody NFF’s mission, core values and commitment to equity

Responsibilities

• Maintain portfolio schedules for all NFF loan portfolios, which can be relied upon as the “source of truth” for other reporting as needed by the enterprise
• Manage the loans receivable monthly closing process, which ties NFF’s general ledger and bank account transactions to portfolio schedules and NFF’s loan management system (LMS)
• Prepare monthly, quarterly, and annual reports and account reconciliations specifically related to NFF’s loan portfolios
• Generate and analyze reports from LMS on principal and interest remittances, monthly interest accruals, interest capitalizations, etc., reconciling with the general ledger and portfolio schedules
• Review principal and interest cash remittances and maintain loan delinquency journals, working with the Loan Servicing Department to identify any missing payments and research and resolve discrepancies
• Review daily deposits from NFF’s bank accounts online and log loan principal and interest payments into the LMS and accounting software with support of Manager, Loan Servicing
• Serve as an expert on NFF’s LMS and collaborate with team members and Operations staff on system and process improvements
• Support the Senior Director of Treasury with updates to the loan portfolio forecasting model, projecting multiple scenarios for future portfolio balances and revenue
• Ensure incoming participant remittances and disbursement wires to participants are performed accurately and in a timely manner compliant with respective participation agreements
• Ensure ACH borrower list is accurate by reviewing documentation and verifying banking information for lending clients who have authorized automatic payments
• In partnership with the Manager, Loan Servicing, initiate semi-monthly, monthly, and quarterly ACH payment process for all authorized automatic loan transactions
• Assist Manager and Senior Director, Loan Servicing in providing remittance reports, audit confirmations, and payoff letters to clients and partner lenders
• Research and resolve complex issues related to loan portfolio accounting and servicing to support NFF’s portfolio management team and clients within scope of authority and expertise
• Build relationships with and understand the priorities of the Financing team by engaging team members and attending team meetings
• In support of the Senior Director of Treasury, generate in-depth financial data, maintain schedules, compile and submit reports, analyze portfolio trends, and assess the financial health of the enterprise specifically related to NFF’s lending practices and loan portfolios
• Support NFF’s audit led by the CFO, VP of Finance/Controller, and Senior Director of Treasury, with emphasis on items related to NFF’s loan portfolio accounting
• Partner with other Finance members on rotating support for ongoing, repeatable tasks, such as execution of wire transfers

Benefits

• Up to 18 paid holidays
• 3 floating holidays
• Unlimited vacation time off
• Health insurance with NFF funded health reimbursement account on medical plan
• Employer match and non-match contributions toward retirement plan
• Flexibility to work remotely
• Access to a “work from home” fund
• Flexible spending accounts including medical, commuter, and childcare benefits