Controller
3 weeks ago
**ORGANIZATION DESCRIPTION**: IBA empowers individuals and families to improve their lives and achieve socio-economic mobility through high-quality affordable housing, education, financial and resident empowerment and arts programs
**GENERAL RESPONSIBILITIES**
The Controller plays a central role on the Finance team, which is responsible for the development, maintenance, direction and oversight of IBA's finance and accounting activities. The Controller works independently and collaboratively with staff. The Controller has the primary responsibility of accurately maintaining the general ledger in accordance with Generally Accepted Accounting Principles (GAAP), preparation of grant and contract financial reports, including the related billings, and maintaining financial processes to promote a strong control structure.
The Controller position requires excellent attention to detail, problem-solving skills, communication, organizational, and computer skills, as well as the ability to exercise professional discretion and discernment, independent judgment, and business acumen. Without exception, the Controller position requires a proven track record of trustworthiness, personal accountability, and exceptional ethics. The Controller should have a depth of knowledge over GAAP requirements, with an emphasis on those relevant to tax exempt organizations and those operating in the real estate development industry. In addition, the Controller, should have experience with Federal and state contracts, along with their associated compliance requirements.
**DETAILED RESPONSIBILIITES**
- Process all accounts receivable transactions, billings and cash receipts in a paperless work environment.
- Post daily cash activity in the books and records.
- Complete monthly general ledger account reconciliations supporting the balances reflected in the financial statements.
- Record payroll activity to the books and records bi-weekly.
- Prepare monthly financial reports for review by the CFO and once reviewed, disseminate reports to Program Directors.
- Serve as resource to the Staff Accountant in their role of processing all transactions over the cash disbursement and payroll transaction cycles.
- Together with the CFO, facilitate the annual audit process for IBA and its affiliates.
- Prepare budgets for philanthropic funding opportunities, as well as complete financial reports required by IBA's funding sources.
- Develop and implement an effective billing system that assures that all services are billed correctly and timely, and include proper documentation, and minimizes the time necessary to collect payments.
- Together with the CFO, coordinate and complete the annual budgeting process.
- Must have the highest integrity, be diplomatic, analytical, and possess sound judgment.
- Participates fully in the organization's annual events, Three Kings Day, Board Election, Festival Betances, and other events related to the community.
**QUALIFICATIONS**
- Bachelor degree and seven to ten years of progressive professional accounting experience.
- Experience with Federal and state contracts, including their related compliance and audit requirements is required.
- Familiarity with specialized tax-exempt industry accounting practices, reporting requirements and procedures is required.
- Experience with the real estate industry and more particularly affordable housing is preferred.
- CPA license is preferred
- Working Knowledge of accounting systems, preferably, Sage 50 Accounting, and proficiency in Microsoft Excel required. Experience with iSolved (payroll) a plus.
- Acumen in maintaining accurate financial records and preparing clear and accurate reports for informational, auditing, and operational use.
- Strong quantitative analysis capabilities, with the ability to read, analyze, interpret and explain complex financial data.
- Experience with allocations of shared costs; familiarity with US Government negotiated indirect rates and methodologies a plus.
- Possesses the following characteristics: self-starter, problem solver, strong interpersonal skills, organizes, detail oriented, strong work ethic, and effective communicator.
- Ability to translate executive-level organizational goals into specific program initiatives.
- Passionate belief in the potential of low-income communities and IBA's mission.
**COMPENSATION AND BENEFITS**
IBA is proud to offer very competitive pay, commensurate with experience, and a robust benefit plan that includes a robust benefit plan with an 80/20 premium cost share for comprehensive health, dental and vision insurance; a generous HRA provided by the company ($9,100 or $18,200 based on single and family coverage) and other built in supports that significantly reduces or eliminates out of pocket medical expenses. We offer a 403b plan with annual employer contribution, generous paid time off and free parking (limited availability).
**WORKPLACE CULTURE**
IBA is located in Boston's historic South End in an eth
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