Posted on: November 10, 2022
Anticipated Start Date:
Salary and Benefits:
The mission of First Children’s Finance (FCF) is to grow the supply and business sustainability of excellent child care. Founded in 1991, FCF provides business and financial assistance to business owners and leaders in the field of Early Care and Education (ECE). To achieve our goals, FCF works on three levels: Individual Business Level, Community Level and Systems Level. FCF is a national nonprofit organization headquartered in Minneapolis that provides business development programs and/or financing to ECE providers in multiple states, with regional offices in three: Minnesota, Iowa, and Michigan. For more information, see the First Children’s website at: http://www.firstchildrensfinance.org.
Benefits include medical, dental, vision, life, disability insurance, holidays, paid time off, and paid family medical leave. Allowable travel costs are reimbursed.
Flexible work environment
First Children’s Finance honors candidates’ time and effort in job-seeking by providing transparency regarding compensation. Creating transparency regarding salary information reduces the gender pay gap, and eliminates salary negotiation, which rarely benefits people of color or women. It is a value of our organization to support equitable hiring practices.
FCF is seeking an accountant to join its growing team in Minnesota, which is expanding to serve more child care providers and more communities statewide. FCF is seeking candidates from both Greater Minnesota and the Twin Cities Metro Area. The Accountant is responsible for maintaining financial, accounting, and support services. The incumbent will manage accounting for funding and expenditures in accordance with GAAP. Other responsibilities will include administrative support for billings and compliance reporting, fund account reconciliations, year-end audit, and reporting.
This is a remote position based in Minnesota with some in-person meetings.
This is a grant funded position up to FY 2024 with the opportunity for continuation, contingent on future funding.
- Provides comprehensive fiscal knowledge, accounting support, financial reporting, and technical assistance to our overall programs.
- Processes payments to vendors, contractors and/or grantees and ensure the accuracy of allocations within the CRM and accounting system.
- Monitors budgets and documentation to ensure compliance with policies, funding regulations and appropriate accounting protocol and procedures.
- Verifies documentation to initiate payments. Ensure payments are made on time, initiated in the system, tracked in the database and communicated with key stake holders.
- Ensures accurate and complete data entry for all aspects of payments and reporting.
- Creates financial reports for submission to funders per agreements.
- Prepares the monthly recognition of revenue via journal entry. Manage timelines and deliverables.
- Partners with and support the CFO to forecast, spend, and reallocate budgets; track budget spend down and burn rates; provide reports for review.
- Participates in a payment process by reviewing all payment and funding requirement records to ensure the required information and documentation has been submitted.
- Ensures compliance with IRS and funding authorities.
- Assists with the development of financial policies and procedures, creating consistencies, efficiencies and implementing best practices.
- Assists with annual audit.
- Perform other duties as assigned.
- Bachelor’s degree in finance, accounting or related field, or equivalent experience.
- 3+ years of experience in nonprofit or foundation accounting; knowledge of GAAP, business principles and standard operating practices.
- Understanding of federal grant requirements.
- Knowledge or experience with child care preferred. Experience working collaboratively with communities of color and low-resourced communities preferred.
Knowledge, Skills and Ability:
- Ability in budgeting, forecasting, and financial reporting.
- Advanced skill in Microsoft Excel.
- Excellent project management and organizational skills.
- Ability to manage multiple tasks on multiple deadlines.
- Excellent attention to detail.
- Ability to work with minimum supervision yet be a part of a team
- Must be able to work on the computer for extended periods of time.
- Must be able to travel locally for meetings when needed as the pandemic allows.
This job description represents the major functions of the position but is not intended to be all-inclusive.
Please send a cover letter and a résumé by email to fcfjobs@FirstChildrensFinance.org with “Accountant” in the subject line. Questions can be sent to JudithA@FirstChildrensFinance.org.