Accounting Manager

TITLE: Accounting Manager


The Washington Area Community Investment Fund (Wacif) seeks to fill the full-time position of Accounting Manager, which will be responsible for managing Wacif’s day-to-day financial operations, overseeing its full accounting cycle and the timely production of financial statements, and ensuring financial stability.

REPORTS TO: Director of Finance & Administration

SUPERVISES: Finance and Operations Analyst


Accounting Operations

  • Responsible for monthly accounting processes including monthly journal entry review, reconciliation review and monthly financial reporting in accordance with GAAP;
  • Establish and continuously improve accounting policies, procedures, processes, recordkeeping, internal controls, and monthly accounting/compliance calendars to ensure ongoing compliance with internal/external requirements;
  • Review and approve all general ledger (GL) entries created by finance staff and exported from any subsystems;
  • Review and document revenue recognition treatment for incoming contributions and exchange transactions according to recent Accounting Standards Updates (ASU);
  • Ensure accurate and timely posting of Accounts Payable and Accounts/Notes Receivable;
  • Manage growing team of finance staff including mentoring and development;
  • Identify accounting policy changes, documenting implications and recommending strategy for implementation;
  • Manage monthly staff time distribution;
  • Manage IRS tax filings, including 1099-MISC, 1099-INT forms, and any backup withholdings;
  • Lead accounting projects and/or initiatives with other members of the finance team or with other departments;
  • Collaborate effectively with departments across the organization.

Month- and Year-End Close

  • Manage period close process and ensure interim financial statements are available by the 15th of the subsequent month while proactively providing updates to the Director of Finance & Administration on progress made or issues requiring resolution;
  • Review and approve all journal entries made within Intacct;
  • Prepare all account and sub-ledger reconciliations as part of the month-end closing process;
  • Prepare GL account analyses of Prepaid Expenses, Depreciation, Investor Notes Payable, and others as part of the month-end closing process;
  • Run salary/fringe and indirect cost allocations;
  • Prepare and analyze financial reports (trial balance, expense reports, accruals clearing, deferred revenue/expense accounts, etc.) for the organization. Identify and make any necessary corrections;
  • Review grant-related reimbursements and financial reports for accuracy prior to submission;
  • Assist in preparation of Finance & Audit Committee reports.


  • Assist in departmental budget formulation and comprehensive budget consolidation
  • Prepare comparative budget reports for review and approval;
  • Provide budget coaching and training to department heads and project managers.


  • Operationally-manage audit engagement and prepare schedules for the annual external audit (single audit, financial audits, or project-specific, if required), including Schedule of Expenditures of Federal Awards (SEFA) and Statement of Functional Expenses (SFE);
  • Prepare schedules, as needed and/or assigned, for the annual IRS Form 990;
  • Provide support to the Director of Finance & Administration to the overall audit process.


  • Other relevant duties that will arise as assigned by leadership;
  • Serve as a backup to the Director of Finance & Administration, if necessary.


  • Minimum of 7 years of experience in non-profit financial management or accounting with 2-3 years’ experience as Assistant Controller;
  • Bachelor’s degree in Accounting, Finance or another related field (CPA preferred);
  • Experience working in a CDFI, financial services, or investment management firm a plus;
  • Compliance oriented with strong analytical skills;
  • Strong knowledge of Intacct, ADP, and Nexonia;
  • Working knowledge of non-profit revenue recognition principles;
  • A high level of motivation, initiative and attention to detail;
  • Strong organization and problem-solving skills with the proven ability towards continuous improvement;
  • Ability to work under pressure and handle stress;
  • Experience leading a team;
  • Advanced proficiency in MS Office Suite (Excel, Word, Outlook and PowerPoint);
  • Interest in and commitment to Wacif’s mission of working with low- and moderate-income individuals and underserved communities.


Competitive salary commensurate with experience. Medical, Dental, Vision, Life & Disability coverage available. Retirement plan (employer contribution & matching); transportation benefits, paid vacation (increased with tenure), holiday and sick leave days.


Please send a resume and cover letter to

About the Washington Area Community Investment Fund (Wacif)

Established in 1987, the Washington Area Community Investment Fund’s mission is to increase equity and economic opportunity in underserved communities in the Washington, DC area by investing knowledge, social, and financial capital in low- and moderate-income entrepreneurs. Our mission is driven by three strategic pillars: inclusive entrepreneurship, community wealth building, and equitable economic opportunity, and is fulfilled by providing access to capital products and services, and capacity building technical assistance to low- and moderate-income entrepreneurs. Wacif is a nonprofit Community Development Financial Institution (CDFI), and over the past seven years has closed nearly 130 loans totaling $8 million, assisted over 2,000 entrepreneurs with small business coaching and technical assistance, resulting in over 300 local jobs created or retained.