accounting manager, revenue

Join Our Team as an Accounting Manager, Revenue and Investments

ABOUT THE POSITION:
The Latino Community Foundation (LCF) is actively expanding its operations. To support its accelerated growth, LCF is seeking an experienced accountant to join our dynamic team. The Accounting Manager reports to the Controller and is responsible for managing the accounting and reporting of LCF's investments (including its endowment) and contribution revenue. The position ensures accurate and timely recording, reconciliation, and reporting of financial activity, in compliance with GAAP, UPMIFA, and donor restrictions.

The Accounting Manager serves as the point person for investment and revenue accounting processes and provides analyses that support the Controller and CFO. The role also contributes to internal controls, audits, tax compliance, and process improvements. LCF is a fast-paced work environment with high expectations for excellence and integrity. It is an organization grounded in values of love, joy, family, and change - not charity.

Role Description

Contribution Revenue & Accounts Receivable

• Track and record contribution revenue into the general ledger (Sage Intacct), ensuring compliance with GAAP and grantor stipulations

• Coordinate with philanthropy and program teams to ensure timely and accurate recording of grant awards, modifications, and revenue recognition.

• Reconcile accounting reports with the CRM (Salesforce).

• Monitor grant receivables and ensure proper documentation for audit and reporting purposes.

• Prepare monthly contribution revenue reports and forecasts for management and other teams.

Investment Accounting & Endowment Management

• Record, reconcile, and report investment activity including interest, dividends, capital gains/losses, unrealized gains/losses, and investment fees.

• Collaborate with external investment managers and custodians to ensure timely receipt of monthly investment statements and activity.

• Maintain accurate records of endowment funds, including principal, earnings, and distributions in accordance with donor restrictions and UPMIFA.

• Prepare reports and analysis for Board of Trustees and its committees in collaboration with the Investment Manager, CFO, and Controller.

• Support the review and implementation of investment decisions by providing reconciliations, scheduling, and reporting.

• Facilitate investment transactions and handle related paperwork.

• Support monitoring and evaluating the performance of investments and portfolios.

Audit, Tax, & Compliance

• Support annual financial audits and funder specific audits by preparing schedules, reconciliations, and supporting documentation.

• Ensure accurate and compliant reporting of revenue on IRS Form 990 and other regulatory filings.

• Maintain up-to-date knowledge of nonprofit accounting standards, including ASU contributions and grants) and ASC 958.

Internal Controls & Process Improvement

• Assist in the development and implementation of internal controls and procedures for revenue recognition and investment accounting.

• Work to streamline and improve accounting processes related to contributions and investments.

• Ensure proper documentation and reconciliation of revenue-related journal entries.

Other Duties

• Contribute to the budgeting and forecasting processes in collaboration with the philanthropy and finance teams.

• Perform special projects or analyses as requested by the Controller or CFO.

• Serve as a back-up on accounts payable processes.

• Collaborate cross-functionally with philanthropy and programs teams.

Qualifications:

• Experience with investment accounting (including reconciliations and reporting) and grant revenue recognition required.

• Strong knowledge of GAAP, especially as it relates to nonprofit organizations.

• Excellent numerical skills and a keen analytical mind.

• Strong communication and presentation skills.

• BSc/MSc degree in Accounting, Finance, Economics or related field.

• Demonstrated proficiency with accounting software (Sage Intacct preferred) and CRM systems (Salesforce preferred).

• Demonstrated proficiency with Microsoft Office Suite, including Outlook, SharePoint, Word, Excel and other related applications.

• Analytical and problem-solving skills to assess financial standing and develop optimized financial strategies.

• Minimum 3-5 years of accounting experience, with at least 2 in nonprofit or fund accounting.

• Prior experience preparing schedules and analyses for auditors, tax accountants, or boards preferred.

• Familiarity with nonprofit endowment management and UPMIFA regulations preferred.

Compensation and Employment Details:
LCF is prepared to offer an attractive compensation package, including a competitive base salary as well as health, 401(k) match, and vacation benefits. Competitive compensation package commensurate with experience, skills, and geographic location will range between $90,000 - $105,000. The position can be structured as either a hybrid work model (commute to San Francisco or Los Angeles offices) or remote work model in the states of California, Arizona, Nevada, and Texas*. Candidates must be domiciled in one of these states. The work schedule will be based on the Pacific Time Zone although some flexibility can be arranged.

* Regardless of remote or hybrid work model, candidates selected for this position must be able to travel to the San Francisco or Los Angeles offices on a quarterly basis and other times as required.

***TO APPLY: Interested applicants should send a resume and cover letter to Yadira Hernandez Herrera at ***
We thank you for your interest in career opportunities with the Latino Community Foundation (LCF). Due to the high volume of applications, only those candidates selected for an interview will be contacted. Candidates selected for advancement may be asked to participate in several rounds of interviews. If you require reasonable accommodation to participate in our application process, please let us know.

LCF is proud to be an Equal Opportunity Employer. Employment with LCF is based solely on qualifications and competence for a particular position, without regard to race, color, ethnic or national origin, age, religion, creed, gender, sexual orientation, disability, or marital or military status. We strongly encourage people of diverse backgrounds to apply. Trans-identified, gender non-conforming, and non-binary candidates are encouraged to apply.