Job Details

About Latino Community Foundation

The Latino Community Foundation (LCF) is a prominent nonprofit organization dedicated to empowering Latino communities in California and beyond. The foundation is rooted in the values of love, justice, and social change, focusing on increasing the civic and economic power of Latinos. They achieve this by fostering a network of civically engaged philanthropic leaders, investing in Latino-led initiatives, and enhancing civic and political engagement within Latino communities. LCF is recognized for its commitment to showcasing the strengths and diverse contributions of Latinos, helping to drive lasting positive change. The organization has experienced significant growth, with net assets increasing tenfold between 2019 and 2024. Additionally, their endowment foundation established in 2017 has seen substantial growth, underscoring LCF's dedication to long-term sustainability and community support.

About this Role

The Latino Community Foundation (LCF) is inviting applications for the position of Accounting Manager, who will play a crucial role in supporting a rapidly growing organization. This is an excellent opportunity for a seasoned accountant to contribute to an organization deeply committed to advancing social change and empowerment within the Latino community. The Accounting Manager at LCF is tasked with managing the intricate accounting and reporting activities related to the foundation's investments and revenue streams. This involves ensuring accurate and timely recording, reconciliation, and financial reporting, all in compliance with GAAP, UPMIFA, and specific donor restrictions. The Accounting Manager collaborates with the Controller and CFO, contributing to internal controls, audits, tax compliance, and process improvements within a fast-paced and vibrant work environment grounded in the values of love and joy.

Responsibilities

• Track and record contribution revenue into the general ledger (Sage Intacct).
• Coordinate with philanthropy and program teams for accurate recording of grants.
• Reconcile accounting reports with the CRM (Salesforce).
• Monitor grant receivables and ensure audit documentation.
• Prepare monthly contribution revenue reports and forecasts.
• Record and report investment activity, including capital gains/losses.
• Collaborate with external investment managers for statements and activity.
• Maintain records of endowment funds, ensuring compliance with UPMIFA.
• Prepare reports for the Board of Trustees and committees.
• Support investment decisions through reconciliations and reports.
• Facilitate investment transactions and paperwork.
• Support the evaluation of investment performance.
• Support annual financial audits and funder-specific audits.
• Ensure compliant reporting of revenue on regulatory filings.
• Maintain knowledge of nonprofit accounting standards.
• Assist in developing internal controls for revenue and investments.
• Contribute to budgeting and forecasting processes.
• Perform special projects as requested by leadership.
• Serve as a backup for accounts payable processes.
• Collaborate with philanthropy and programs teams.

Requirements

• Experience with investment accounting and grant revenue recognition.
• Strong knowledge of GAAP for nonprofit organizations.
• Excellent numerical and analytical skills.
• Strong communication and presentation skills.
• Degree in Accounting, Finance, Economics, or a related field.
• Proficiency with accounting software, preferably Sage Intacct.
• Proficiency with CRM systems, preferably Salesforce.
• Proficiency with Microsoft Office Suite.
• Analytical and problem-solving skills.
• 3-5 years of accounting experience, with at least 2 in nonprofit or fund accounting.
• Experience preparing audits, tax schedules preferred.
• Familiarity with nonprofit endowment management and UPMIFA preferred.

Benefits

• Competitive base salary.
• Health benefits.
• 401(k) match.
• Vacation benefits.
• Flexible work schedule based on Pacific Time Zone.

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