Senior Accountant

CHICAGO COMMUNITY LOAN FUND; Illinois; On-site; USD 65,000 - 100,000; Full time

Job summary

Chicago Community Loan Fund is seeking a Senior Accountant to provide advanced accounting support, oversee subsidiary accounting, intercompany activity, and assist with monthly and annual reporting.

You will review reconciliations and journal entries for GAAP compliance, manage program accounting and grant reporting, support audits, and assist the CFO in preparing financial statements.

Qualifications

• Manage subsidiary accounting, intercompany transactions, consolidation, and prepare subsidiary financial statements.
• Review reconciliations, journal entries, and schedules for GAAP compliance.
• Review and approve Accounts Payable per internal policies.
• Own program accounting: track and report program revenues and expenses.
• Ensure program grants are recorded/drawn down per grant agreements and budgets.
• Process journal entries and reconciliations for complex items (e.g., loan loss reserves).
• Assist CFO/Director of Accounting with monthly, quarterly, and annual financial reports.
• Research changes/ventures and their GAAP impact.
• Coordinate data for annual audits with external auditors.
• Maintain up-to-date knowledge of accounting practices and procedures.
• Perform other tasks as required.

Responsibilities

• Manage subsidiary accounting, intercompany transactions, consolidation, and prepare subsidiary financial statements.
• Review reconciliations, journal entries, and schedules for GAAP compliance.
• Review and approve Accounts Payable per internal policies.
• Own program accounting: track and report program revenues and expenses.
• Ensure program grants are recorded/drawn down per grant agreements and budgets.
• Process journal entries and reconciliations for complex items (e.g., loan loss reserves).
• Assist CFO/Director of Accounting with monthly, quarterly, and annual financial reports.
• Research changes/ventures and their GAAP impact.

Job description

Job Description

Chicago Community Loan Fund’s (CCLF’s) Senior Accountant will provide advanced accounting support and assist with daily finance, accounting, and office operations, including:

• Manage all subsidiary accounting, including intercompany transactions and consolidation for subsidiaries and providing subsidiary financial statements and assisting with consolidated reporting.
• Review reconciliations, journal entries, and schedules prepared by staff accountants, ensuring compliance with GAAP.
• Review and approve Accounts Payable, ensuring compliance with internal policies.
• Ownership of program accounting, including tracking and reporting program-related revenues and expenses.
• Works across department lines to ensure program grants are recorded and drawn down in accordance with grant agreement and budget guidelines.
• Performs journal entries and account reconciliations for complex accounting transactions, such as loan loss reserves estimates.
• Assist CFO and/or Director of Accounting with the preparation of monthly, quarterly, and annual financial reports and schedules.
• Research new company changes or ventures and how they will be impacted by GAAP.
• Gathers necessary account information and documents needed to perform annual audits, and assists external auditors.
• Maintains knowledge of generally acceptable accounting practices and procedures.
• Complete other tasks as required.

The above statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as a detailed description of all the work requirements of the position. The Organization may change the specific job duties with or without prior notice based on the needs of the organization.

Nature & Scope of Working Relationships

Company Description

The mission of the Chicago Community Loan Fund is to provide flexible, affordable and responsible financing and technical assistance for community stabilization and development efforts and initiatives that benefit low- to moderate-income neighborhoods, families and individuals throughout metropolitan Chicago.

CCLF was founded in 1991 by a group of visionary social-investment advocates. Their aim was to create a nimble, flexible nonprofit lender who would fill the community development credit gaps as they emerged across the city and region. In particular, CCLF was created to ensure that Chicagoland community developers (including small and emerging groups) would have a lender to turn to for harder-to-underwrite projects and enterprises.