Controller

Craft3•Washington, DC

15d•Remote

About The Position

Reporting to the Chief Financial Officer, the Controller is responsible for managing the organization’s day-to-day ﬁnancial and accounting functions, and designing and implementing policies, procedures, and a system of internal controls to comply with regulatory requirements and safeguard the assets of Craft3. The Controller is responsible for coordinating and preparing the organization’s internal and external ﬁnancial statements, supporting presentations to executive leadership and the Board of Directors as well as ensuring compliance with ﬁnancial covenants. The Controller is also responsible for collaborating with Craft3’s independent accountants to help ensure the successful audit of its ﬁnancial statements and completion of its tax and information returns. The Controller partners with the CFO to manage a distributed accounting team that works independently from remote locations. Regular communication and mentorship are of vital importance in managing and motivating the team, recognizing their accomplishments and delivering accuracy and high-quality performance.

Requirements

Bachelor’s or Master’s degree in Finance, Accounting or Business Administration.
Minimum of 10 years of progressive ﬁnance experience.
Experience with a CDFI or similar ﬁnance organization preferred.
Knowledge of allowance for loan loss reserves consistent with CECL.
Extensive knowledge of GAAP, ﬁnancial reporting, regulatory and tax compliance requirements for CDFIs.

Nice To Haves

Proven skill managing organizational ﬁnance and accounting functions.
Experience and proﬁciency with budgeting, fund accounting, and loan management systems and related policies and procedures.
Experience with external auditors, compliance management, and regulatory oversight.
Motivated self-starter.
Strong work ethic, unquestioned integrity, and the desire to achieve.
Excellent prioritization, solution orientation, detail orientation, organization skills and effective time management to succeed in a semi-autonomous, fast-paced environment.
Ability to question assumptions, solve problems, and make intentional choices that align with strategic objectives.
Strong conﬂict negotiation, consensus-building, collaboration, and situational leadership skills, ability to comfortably liaise and negotiate with internal stakeholders.
Demonstrated ability working equitably and respectfully with diverse people from a wide range of races, ethnicities, backgrounds, and identities.
Intellectual curiosity and commitment to continuous learning.
Ability to identify gaps and areas of improvement and existing processes, and develop and adapt to new / changing procedures to meet identiﬁed needs.
Accomplished at aligning goals of the department with individual goals of other team members in accounting for and accomplishing those goals.
Effective at managing and mentoring direct reports, including frequent 1:1 and small group communication, active listening, goal setting and performance evaluations.
Ability to successfully work with colleagues located in local and satellite offices, involving effective electronic communications with high degree of precision and detail and good communication skills with the ability to communicate effectively over the phone, in person, by video chat and email to a variety of audiences.
Proﬁciency in Microsoft Suite, shared ﬁles system and Contact Relationship Management systems.
CPA or MBA desired.

Responsibilities

Day-to-day management of ﬁnancial and accounting operations, including payroll, accounts payable and receivable.
Design and implementation of policies, procedures and a system of internal controls consistent with generally accepted accounting principles (GAAP) and provide timely notiﬁcation to CFO of any required or planned changes.
Ensure timely issuance of monthly and quarterly ﬁnancial statements in accordance with established policies and compliance-related obligations. Accounting for and reporting of loans receivable and allowance for loan losses, consistent with current expected credit losses (CECL) methodology and GAAP.
Maintain knowledge of and ensure accurate fund accounting and grant accounting as utilized by not-for-proﬁt entities.
Manage annual NFP, FI, and Single audits ensuring completion within the timeframe required by debt covenants.
Ensure timely issuance of the audited consolidated ﬁnancial statements in accordance with established policies and compliance-related obligations, and without material adjustments or material weaknesses in internal controls.
Ensure timely ﬁling of federal, state and local tax and information returns, in consultation with tax accountants.
Maintain accounting and ﬁnancial internal controls to avoid control deﬁciencies and breaches leading to ﬁnancial losses to Craft3 or impact to borrowers, lenders and others.
Monitor, ensure compliance with, and report on ﬁnancial covenant obligations of funding agreements.
Ensure proper accounting for assets and liabilities of individual funds and programs.
Maintain accurate cost accounting by ﬁnancial product.
Support the ﬁnancial information needs of the CFO and the Legal, Data and other business units.
Ensure proper accounting for reserve for loan losses (CECL) throughout the year and subject to audit by Craft3’s independent accountants without material adjustment.
Proﬁcient at completing their own tasks while also supporting other team members and overseeing their performance on a timely basis.
Partner with CFO to ensure a stable, highly skilled, and high-performing team of accounting and ﬁnance professionals to support Craft3’s mission, growth and sustainability.
Supervise Staff and Senior Accountants in their day-to-day management of accounting functions, ensuring productive cross-functional teams of Loans Receivable/Notes Payable, Utility, and Operations.
Mentor team members through regular communications and active listening, promoting their professional development and providing timely feedback on performance, areas for improvement, and accountability.
Maintain current job descriptions for team members.