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Job title: Analyst/Associate, Financial Planning & Analysis
Company: Nonprofit Finance Fund
Job description: The COVID crisis and the uprising for racial justice have shone national light on both the urgent work required to build a more just and vibrant society for all Americans and the potential for positive action when our communities mobilize. We have also celebrated the “heroes”, who primarily work in nonprofits delivering essential services like affordable housing, social justice advocacy, health, youth development, to the arts. Yet these nonprofits continue to rely on a flawed, inequitable funding system that often impedes their ability to make a difference. Nonprofit Finance Fund is setting out to change that. We are a nonprofit lender, consultant, and advocate with 40 years of experience committed to reforming the nonprofit funding system. We know that financial knowledge and access to appropriate lending products are power for nonprofit leaders. We are now evolving our strategy to focus on helping to shift funding and financing practices so more money flows equitably and with less restriction to community-centered organizations led by and/or serving people of color.
Position Summary:
The Financial Planning & Analysis Department (FP&A) serves as a critical connection between NFF’s finance, strategy, and resource development functions. As part of NFF’s strategic commitment to racial equity, NFF is undergoing extensive analysis and planning. FP&A supports this work, ensuring decision makers have access to timely and relevant data and understand the financial and mission implications of strategic choices. FP&A also serves as NFF’s financial storytellers—ensuring that staff, Board, investors, and other stakeholders understand the connection between NFF’s mission and NFF’s financial performance, position, strategy, and outlook.
The FP&A team is looking to hire at either the Analyst or Associate level and will make a determination based on each candidate’s level of experience.
The Analyst/Associate provides analytical and administrative support to the FP&A Team in all planning and analysis functions and will report to the Manager of FP&A. The Analyst/Associate must exhibit an understanding of financial concepts, technology proficiency, exceptional attention to detail, an orientation towards being of service, and a passion for the work of NFF.
This position may be based out of any of NFF’s five offices (New York, Boston, Philadelphia, Oakland, Los Angeles). Remote work may also be considered. NFF will not require attendance in any office until Summer 2021 at the earliest.
Primary Duties and Responsibilities:
Investor Relations & Compliance
- Serve as project manager for quarterly investor reports and special reporting, which includes collecting data from multiple NFF business units (Finance, Financial Services, special Loan Fund managers) and customizing 25+ reports for lending priorities and covenant compliance
- Track semi-monthly interest payments, including preparation of wire transfers
- Work with Finance staff to create loans payable interest journal entries
- Work with Finance staff to ensure that loans payable are fully aligned in both our accounting and planning systems
Capital Planning & Securing New Capital
- Assist the Manager of FP&A in capital planning, supporting medium- and long-term projections
- Via periodic review, ensure geography / sector / client focus of investors align with NFF’s loan portfolio and pipeline
Treasury
- Assist the Manager in creating weekly rolling 13-week cash flow projections for operating, lending, and special fund accounts, coordinating with:
- Finance staff on past cash outflows
- Financial Services staff on projected loan disbursements
- Resource Development staff on projected grant / fees inflows
- Program staff on expected re-grants
- Investor relationship owners on draws and repayments of lines of credit
- Implement Treasury decisions via wire transfers and draws on lines of credit
Team Participation
- Be a trusted resource and support internal clients with data driven management and financial analysis as needed across the organization
- Deliver customer service excellence by providing timely, thorough, and friendly responses to internal and external stakeholder inquiries
- Represent FP&A on cross-functional organizational projects as needed
- Complete ad hoc projects as directed by Finance Leadership (CFO, Controller, Associate Director of FP&A, Manager of FP&A)
Accounting & Controls
- Assist Controller and Finance team in monthly and year-end closings, as well as during annual audit process
- Ensure Finance’s accounting system (Blackbaud / Financial Edge NXT) is fully reconciled with FP&A’s planning system (Adaptive Insights)
Essential Requirements for Education and/or Experience:
- Commitment to NFF values and strategy
- Demonstrated commitment to and knowledge of the social sector and racial equity
- Four-year undergraduate degree or equivalent experience
- Knowledge and/or experience with accounting, financial statements, and reporting
- Outstanding computer literacy, with advanced proficiency in Microsoft Excel and other Office Suite applications
- Aptitude for learning new technology
- Strong interpersonal skills that contribute to a collegial working environment
- Demonstrated ability to speak and write in succinct, informative, and friendly manner such that content, expectations, and timelines are clearly understood by an audience
- Ability to manage multiple priorities from a variety of sources
- Attention to minute detail
- Ability to handle confidential information and/or issues using discretion and judgment
Specialized Knowledge/Beneficial Skills and Experience:
- Experience with Adaptive Insights, Salesforce, and Blackbaud / Financial Edge NXT
- Understanding of nonprofit accounting
- Experience with lending institutions, especially Community Development Financial Institutions
Compensation:
At NFF, we are invested in discussing the depth and breadth of each candidate’s background and experience during the interview process and using that information to determine the best offer. The salary range for the Analyst-level position begins at $44,000, and the Associate-level position begins at $55,500. NFF also provides an attractive benefits package that includes health insurance, retirement plan, paid time off, standard holidays, and commuter benefits.
Please Note:
All salaries are commensurate with experience and include an attractive benefits package.
Nonprofit Finance Fund is committed to diversity, equity, and inclusion in its workforce. Diverse candidates are encouraged to apply.
NFF is an equal opportunity employer and does not discriminate against any applicant or employee because of race, color, religion, sex, national origin, disability, genetic information, age, or military or veteran status in accordance with federal law. In addition, NFF complies with applicable state and local laws governing non-discrimination in employment in every jurisdiction in which it maintains facilities. NFF also provides reasonable accommodation to qualified individuals with disabilities in accordance with applicable laws.
This job posting provides a general list of the essential responsibilities and qualifications required for this position. It does not represent a contract for employment and NFF reserves the right to change the description and/or posting at any time without notice.
When applying, please DO NOT include any of the following information with your job application: Social Security number; driver’s license number or state-issued identification card number; financial account number, or credit or debit card number.
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Expected salary: $44000 per year
Location: New York
Job date: Wed, 07 Apr 2021 07:50:30 GMT
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