ABOUT REINVESTMENT FUND:
At Reinvestment Fund, we are dedicated to making a tangible difference in the lives of underserved individuals and communities. Our mission is to create opportunity for underserved people and places through partnerships. We marshal the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities.
As a federally certified community development financial institution (CDFI), our job is to make finance an agent of positive change and equitable growth. We provide loans, grants and technical assistance to businesses and nonprofits. Our borrowers and grantees educate students, support local economies, and create jobs. They build affordable housing and provide community goods and services that include access to nutritious food, hunger relief, physical and mental health care, and other social services.
ABOUT THE POSITION:
Reinvestment Fund is seeking a Senior Grant Accountant to support day-to-day financial administration of a portfolio of grants, contracts, and project-based agreements. Reporting to the Accounting Manager, this role handles grant revenue recognition, contract billing and invoicing, accounts receivable, month-end close entries, account reconciliations, and project setup and maintenance within the ERP system. The Senior Grant Accountant works closely with program managers to support project financial activity and serves as a key contributor to the monthly close process. This is a great opportunity for an individual with a strong aptitude for working with large volumes of data, a logical and detail-oriented approach to problem solving, and comfort navigating multiple systems and data sources within a mission-driven organization.
RESPONSIBILITIES:
Month-End Close & Account Reconciliations:
• Prepare and post month-end journal entries related to project accounting, including revenue recognition, time and effort costs, indirect costs, and restricted interest.
• Reconcile assigned accounts monthly, including accounts receivable, deferred revenue, and other project-related accounts, investigating and resolving variances on a timely basis.
• Complete assigned close tasks within established deadlines.
Contract Billing & Accounts Receivable:
• Build and process invoices for cost-reimbursable contracts, fixed-fee agreements, and other billing arrangements in the ERP system in accordance with contract terms and billing schedules.
• Communicate with program managers as needed to support timely and accurate invoice preparation.
• Record customer deposits and customer deposit applications.
• Monitor accounts receivable aging.
Project Setup & ERP Administration:
• Create new projects in the ERP system, including customer setup, task structure, budget layout, billing rules, and revenue configuration.
• Maintain project records throughout the project lifecycle, including processing budget revisions, period extensions, funding modifications, and project closeout activities.
• Configure and update project billing schedules and invoicing parameters as contract terms evolve.
Grant Administration & Funder Reporting:
• Review and approve grant-related disbursements in the ERP system, ensuring proper coding to applicable awards and cost categories.
• Collaborate with program managers on project financial matters to ensure accurate and timely recording of project activity.
• Prepare required financial reports to grant funders in accordance with established reporting schedules and award terms.
• Respond to ad-hoc financial data requests from program managers and Finance leadership, providing transaction detail, budget-to-actual summaries, and project-level financial information as needed.
• Assist in compiling supporting schedules and transaction detail for annual audit fieldwork.
• Other duties as assigned.
EDUCATION, EXPERIENCE AND SKILLS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Required Qualifications:
• Bachelor’s degree in Accounting, Finance, or a closely related field required.
• Minimum of 3–5 years of progressively responsible experience in accounting, with a focus on project accounting, grant accounting, or a similar data-intensive accounting function.
• Demonstrated experience working within an ERP or complex accounting system required.
• Solid understanding of core accounting principles, including revenue recognition, accounts receivable, deferred revenue, and billing structures.
• Strong analytical and data management skills, with the ability to work through large volumes of financial data, identify patterns, and resolve discrepancies with precision.
• Highly detail-oriented with a logical, methodical approach to problem solving; able to maintain accuracy across complex, multi-layered transactions and reconciliations.
• Demonstrated comfort working across multiple systems and data sources; ability to learn new tools quickly and adapt to evolving technology.
• Advanced proficiency in Microsoft Excel, including pivot tables, VLOOKUP/XLOOKUP, and data reconciliation techniques.
• Ability to manage multiple concurrent deadlines in a fast-paced environment, including recurring close and reporting cycles.
• Effective written and verbal communication skills; ability to work collaboratively with program staff, management, and external contacts.
• Demonstrated ability to follow established procedures, maintain organized documentation, and proactively escalate issues.
Preferred Qualifications:
• Prior experience with grants accounting, nonprofit accounting, or government accounting.
WORK LOCATION:
For this position, we will consider remote employees within the Eastern Time Zone, with a preference towards candidates in the Mid-Atlantic region to allow for occasional team-based face-to-face interactions. If a remote employee is ultimately selected for the position, travel will be occasionally required to our Philadelphia headquarters for staff meetings.
COMPENSATION & BENEFITS:
Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability, and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program.
The salary range for this position at commencement of employment is between $75,000 to $90,000/year, however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience.
If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.
Reinvestment Fund uses E-Verify to validate all new hires' ability to legally work in the United States and all new hires may be subject to a background check.
Reinvestment Fund is an Equal Opportunity Employer. We do not discriminate in hiring or employment practices based on race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disability, or status as a veteran. Reinvestment Fund is committed to belonging, culture and engagement throughout our organization and in our external investment practices.
Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) that is a state-registered investment adviser. In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA. As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information for certain individuals, and this reporting may extend to your household members.