Accounting Associate

Carolina Small Business Development Fund, Raleigh, NC 

Accounting Associate (Hybrid Role) - Non-Exempt

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Who we are: Carolina Small Business Development Fund (CSBDF) is a nonprofit and certified community development financial institution (CDFI). We are passionate and committed to providing support to small businesses across the state. Our Mission is to foster economic development in underserved communities by providing capital, business services, and policy research to support small businesses. CSBDF provides assistance to small businesses in four major ways: as a partner, as a trusted guide, as an advocate for small businesses, and as an accessible funding source. Our work supports our vision to create economic opportunity for all people.

Nature of Work: The Accounting Associate performs a variety of accounts receivable and accounts payable functions. This position works with the VP, CFO and Accounting Manager, ensuring accurate accounting records and compliance with GAAP.

Supervision Received/Exercised: Works under the general supervision of the VP, Chief Financial Officer and has no direct supervisory responsibilities. 

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Essential Job Functions: The following duties ARE NOT intended to serve as a comprehensive list of all duties performed by all employees in this classification.  Shown are duties intended to provide a representative summary of the major duties and responsibilities. Incumbent(s) may not be required to perform all duties listed and may be required to perform additional, position-specific duties.

• Manage accounts payable (vendor payments and staff reimbursements) semi-weekly payments, ensuring overall compliance and appropriate back up documentation accompanies each payment request.
• Responsible for filing annual 1099 statements.
• Schedule wire, ACH disbursements and ACH payments, ensuring appropriate back-up documentation accompanies each payment request.
• Ensure accurate and timely data entry in A/R platform and corresponding journal entries in General Ledger.
• Process daily check payments, posting payments into A/R platform and General Ledger ensuring appropriate back-up documentation accompanies each transaction.
• Manage weekly check deposits.
• Generate and administer bi-monthly invoices, paid in full letters and other borrower communications.
• Assist with monthly reconciliations of accounts receivable and accounts payable, General Ledger and bank statements.
• Assist in monthly and quarterly portfolio reporting to funders.
• Assist with month-end close and financial reporting.
• Supports the VP, CFO and Accounting Manager with CSBDF annual audit.

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Qualifications

Experience:

• Bachelor or Associate’s degree in Accounting, Business Administration, or related field preferred.
• Experience in accounting or bookkeeping preferred.
• Any combination of experience and training that can be considered equivalent to the education preference.

Knowledge:

• Basic accounting theories, budget system, and procedures.
• Knowledge of accounting policies, procedures, and standards.
• Knowledge and understanding of Generally Accepted Accounting Principles (GAAP).

Skills/Abilities:

• Understands and applies accounting standards and procedures, internal controls, and applicable Federal and State, rules and regulations.
• Reviews and verifies accuracy of accounting records to identify and reconcile any errors.
• Maintains and supports a shared collaborative team culture in person and virtually.
• Good analytical ability and attention to detail.
• Effective written and verbal communication skills.
• Self Motivated.
• Ability to meet reasonable deadlines and prioritization of workflow within a changing fast paced work environment.

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Living our Values:

• Live with Integrity: Maintain consistency between one’s values and one’s actions and commitment to the common good of CSBDF through the application of sound moral and ethical principles, especially through engagement with our financial compliance.
• Embrace Diversity: Demonstrate commitment of diversity through reasonable engagement with varying financial thoughts and views.
• Be Efficient: Provide exceptionally efficient and effective guidance for the fiscal/finance function to drive sound business decisions.
• Aligned Accountability: Align organizational mission, vision, and values as a champion for our culture to achieve business outcomes.
• Maintain Trust: Maintain an environment of trust through a servant leadership that drives performance results in our organization.
• Build Stability: Promote innovation of products and services with our compliance to improve economic access for all as an individual, team, function, and organization.

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Physical Demands:

• Work is principally sedentary but may involve some physical exertion during visits with the course of normal work activities, and travel to meetings, conferences or workshops in other cities.  As an exempt employee, extended hours may be required.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment:

• Work involves the normal risks or discomfort associated with a standard office environment and is usually in an area that is adequately heated, lighted and ventilated.

Compensation:

• We offer a competitive salary that depends on prior experience. Our benefits package includes Medical, Dental, Vision, Short Term Disability, Long Term Disability, 401k Account with employer match, plus generous vacation and sick time.

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The job description does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs of the employer and requirements of the job change.

Carolina Small Business Development Fund (CSBDF) is an equal opportunity employer, including disabled persons and veterans. 

JOB CODE: 1000012