Accounting Associate

Social Finance Inc.

Posted: 11/25/2019

Position Type: Full-Time (Paid)

Function: Finance/Accounting

Primary domain: Other

City: Boston

Postal code: 02108

State: Massachusetts

Country: United States

Organization Information:


Not Available


Mission statement:

Accounting Associate

Boston, MA

About Social Finance

Social Finance is a national 501(c)(3) nonprofit dedicated to mobilizing capital to drive social progress. We believe that everyone should have the opportunity to thrive and that we can catalyze that opportunity through building innovative financing solutions and driving uncommon cross-sector partnerships.  We do our work across: Education, Children and Families, Workforce, Criminal Justice, Sustainability, Health, and Homelessness. In all we do, we are centered on our core values – People, Performance, Integrity, and Collaboration.

Our Services

Social Investment

In our Social Investment practice, we develop and implement a suite of innovative financing mechanisms, known as Pay for Success, to connect performance to payment. We started with the Social Impact Bond, a unique public-private partnership in which impact investors provide upfront capital to scale effective nonprofits and governments repay investors only if outcomes are achieved. Today our Social Investments portfolio also includes the Career Impact Bond and the Outcomes Rate Card.

Each Pay for Success strategy incorporates cross-sector partnerships, clearly defined outcomes, data-driven decision-making, strong governance and accountability, and private investment capital where appropriate. To date, we have mobilized more than $110M across 12 Pay for Success projects. In addition to scaling our current strategies, our Social Investments team is constantly innovating to develop new tools to improve outcomes and achieve systems-level change.

Advisory Services

In our Advisory practice, we deploy the principles of Pay for Success to help our clients across the sectors achieve greater impact. We identify best-in-class interventions, execute economic analyses, perform rigorous due diligence, quantify impact, and build service provider capacity. In every project we work with clients to develop creative and customized solutions – be it one of our Pay for Success tools or not – that are tailored to the particular needs of each community.

Position Details:

Job Description:

Role and Responsibilities

Based in our Boston headquarters, this position will work closely
with the firm’s Controller and Vice President of Finance to continue to build
the finance function for this fast-growing team. We are looking for candidates
who thrive in high-performing environments and are eager to apply their
accounting and finance expertise in a mission-based setting. Responsibilities
include, but are not limited to the following:


Recording and
reconciling all accounting data

Accounts Receivable – prepare and send all Social Finance
invoices, on a monthly and ad hoc basis; reconcile accounts receivable monthly
and follow-up on past due items

Accounts Payable – manage all aspects of A/P, including capturing
all invoices to SFI, implementing authorization protocols and issuing checks
twice monthly and on an as-needed basis

Month end close – assist in completing month end close procedures

Recording all cash transactions and reconciling bank accounts

Prepare month end reconciliation schedules for balance sheet

Prepare standard journal entries

Assist in preparing month end financial reports and analyses


Recording and reconciling
all payroll data

Prepare bi-weekly payroll

Review and process employee expense reimbursements through

Book all payroll in Sage/Intacct accounting software

Reconcile all payroll accounts monthly, this includes accrued
payroll, accrued payroll taxes, accrued vacation and accrued benefits accounts

Submit bi-weekly 403b contributions and assists with annual census
and data for the 5500 filing


Reports and

Write and maintain all reports needed, use clear naming conventions
for all reports and report groups

Manage all dashboards, checking the Leadership, Director and
Accountant dashboard at least monthly to maintain accuracy throughout


and Other

Work with Controller to assure proper implementation of the firm’s
active cash management policy, maintain and work to assure compliance with all
authorization matrices for all Social Finance entities

Work with Controller and Assistant Controller to document all
accounting processes and procedures with demonstration of GAAP compliance for

Work with Controller and Assistant Controller to achieve all
finance department goals, including the annual budget and audits, 990 and other
tax filings

Assist Controller and Assistant Controller in various accounting research

Assist with implementing and maintaining internal controls and
formalized processes

Establish and maintain effective working relationships with
internal and external stakeholders



Social Finance is seeking a dynamic individual with strong interpersonal and problem-solving skills to join its growing finance team. Qualifications and requirements include:

·         College degree or other post-secondary certification

·          At least two to three years of related accounting work experience

·         Non-profit accounting experience (either via employment or via supporting nonprofit clients while at a public accounting firm)

·         Understanding of U.S. GAAP and internal controls

·         Proficient with MS Word and Excel. Experience with Sage Intacct accounting software a plus

·         Solid analytical and technical skills, as well as oral and written communication skills

·         Ability to operate in an unstructured but demanding environment, and demonstrable track record of high performance; high level of independence and motivation

·         Ability to work within deadlines and to work independently with minimal supervision

·         Ability to handle complex and confidential information with discretion


Not Specified


Commensurate with Experience

Posting Expiration Date:


How to Apply:


Send cover letter and resume to [email protected] (Subject line: Accounting Associate) Review of applications will begin immediately. No phone calls please.

Social Finance, Inc. is an equal opportunity employer, and all qualified applicants will be afforded equal employment opportunities without discrimination because of actual or perceived race, color, national origin, sex, age, religion, creed, disability, marital status, citizenship, ancestry, personal appearance, sexual orientation, gender identity or expression, political affiliation, military status, status as a protected veteran, genetic information or any other legally protected status.


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