Director of Accounting

Position Summary

The Director of Accounting reports to the Senior Vice President, Finance and Operations and in collaboration with the SVP Finance and Operations oversees all aspects of the organization’s finances and accounting, including financial accounting systems, internal controls, internal and external reporting, compliance with government funder regulations, and actively manages and forecasts operating and capital cash availability.

ABOUT ONE Neighborhood Builders

ONE Neighborhood Builders (ONE|NB) is a nonprofit community development leader in Rhode Island with a mission to improve lives across Rhode Island through building homes and connecting communities.  For more than 35 years it has been at the forefront of the fight to expand affordable housing and foster healthier and more equitable communities. 

Through its work, ONE|NB aims to contribute to two outcomes: ensure that Rhode Islanders are able to access and maintain affordable housing and that Central Providence residents and organizations, together, change the conditions that drive health equity and economic mobility. ONE|NB deploys three strategies to achieve these outcomes:

1. Build affordable housing throughout Rhode Island 

ONE|NB will expand the availability of affordable, high-quality homes through the production, preservation, and acquisition of residential and mixed-used properties throughout the state all while providing comprehensive supportive services that will help residents thrive. The organization will coordinate care and provide personalized eviction prevention to residents and provide permanent supportive housing for formally homeless individuals and families. 

1. Advocate for changes to policy and practice

ONE|NB is an outspoken implementer and thought leader in the field, advocating for changes to policy and practice informed by on-the-ground experience. ONE|NB will convene conversations and host community events, participate in local and regional community development conversations, commission research and publish studies, testify on legislative issues, and amplify the impact of our community partners.

1. Serve as the backbone for Central Providence Opportunities: A Health Equity Zone

ONE|NB will engage residents and community-based organizations in nine Central Providence neighborhoods to increase economic mobility and health equity. The organization will advance initiatives that meet community-identified needs, build capacity, and shift decision-making power to residences, and track, monitor and share ongoing progress towards collective goals.

Founded in 1988 as the Olneyville Housing Corporation, the nonprofit changed its name to ONE Neighborhood Builders when it merged with Community Works Rhode Island in 2015. ONE|NB and its affiliated entities have a consolidated annual operating budget of $13 million, with $75 million of assets. At full complement, ONE|NB employs 32 full-time equivalent team members. The nonprofit is governed by an active, 13-member Board of Directors. ONE|NB is an exemplary-rated member of NeighborWorks America, a nonpartisan, nonprofit organization in Washington, D.C., that supports nearly 250 network organizations around the country that are creating opportunities for people to live in affordable homes, improve their lives, and strengthen their communities.

Supervision Responsibilities

The Director of Accounting supervises three direct reports within the Finance team: Senior Accountant, Accounting Associate; Accounting Associate – Real Estate.

Essential Duties and Responsibilities

• Supervises a team of direct reports setting clear expectations, providing training and coaching, and fostering a communicative, teamwork-oriented environment.
• Responsible for the general maintenance and accuracy of the General Ledger, ensuring accounting records are organized in an orderly fashion.
• Approves and analyzes financial statements and supporting documentation for various levels of the organization. Provides customized and ad-hoc reports as needed and requested by managers.  
• Oversees the consolidation and elimination of inter-related company transactions, as prepared by the Senior Accountant.
• Ensures compliance with financial reporting requirements set forth by government agencies, funders, lenders, and partnership agreements.
• Oversees the annual audit process for the organization and its multiple affiliated partnerships; prepares audit workpapers and schedules and records adjusted journal entries. 
• Manages cash flow, taking into consideration projected investments in real estate development and special projects and inflow of developer fees and grants.
• Leads the development of annual and multi-year budget forecasts for the organization; liaise with program managers to understand budget assumptions.
• Manages cash balances and directs Senior Accountant to move cash between investment and operating bank accounts to maximize interest; open and close bank accounts as required.
• Approves interim financial statements on a monthly, quarterly and yearly basis as prepared by the Senior Accountant.
• Prepares budget to actuals variance analysis, with narrative summary and meets with program managers to monitor actuals reforecast as necessary.
• Monitors the allocation of grants to cover program and personnel expenses and works with program staff to support proper and timely expenditures of grant funds, recommending corrective action including budget modifications to ensure timely spend-down of grants.
• Approves all purchase orders and invoices as reviewed by Senior Accountant.
• Approves and releases payments as prepared by the Accounting Associate – Payables and reviewed by the Senior Accountant.
• Approves month-end bank statement reconciliations as reviewed by the Senior Accountant and prepared by the Accounting Associate.
• Approves real estate development requisitions as prepared by the Accounting Associate - Real Estate and reviewed by the Senior Accountant.
• Approves the programmatic requisitions as prepared by the Senior Accountant.
• Liaises with Resource Development team to properly recognize contributions.
• Liaises with the Housing Development team to properly recognize earned developer fees and construction management fees.
• Liaises with the Asset Management team to properly account for homes sales, recording of condominium budgets, and collection of fees.
• Ability to capably perform the responsibilities performed by the position’s three direct reports in case of prolonged absence or turnover. 

Required Qualifications

• A bachelor’s degree in finance, accounting, business, or a related field.
• A minimum of 7 years of progressive financial leadership experience is required, with a demonstrated track record of success in financial planning, analysis, and modeling.
• Exceptional supervision and team management skills, with experience leading and mentoring finance professionals.
• Verifiable experience interpreting complex financial, technical, and governmental regulations and laws; preparing complex financial statements and reports; and analyzing, defining, and correcting accounting discrepancies.
• Proficiency in reading and interpreting an extensive variety of technical instructions and regulations related to philanthropic grants, government contracts, private equity, and debt.
• Skillful and patient communicator with ability to effectively respond to inquiries and present tailored information to staff, managers, executives, and external stakeholders.

Preferred Qualifications 

• MBA, CPA, CMA, or CFA certification is highly desirable.
• Experience in the nonprofit sector with strong understanding of government Uniform Guidance and its application is strongly preferred.
• Real estate development and ownership accounting experience is a plus.
• Demonstrated ability to lead financial process improvements and change initiatives.

The Director of Accounting will be required to work a full-time schedule. Hybrid work schedule offered in alignment with company policy.

ONE|NB offers a robust benefits package (including health, dental, and vision insurance), a retirement plan with matching contribution, a generous allotment of paid holiday and vacation time, and an inspiring and innovative organizational culture. The starting salary range for this role is $110,000-$120,000 annually, with the high end of this range requiring more significant professional experience and advanced training and/or education. 

ONE|NB works to dismantle all forms of discrimination. We fight the systems that oppress people from a vast range of identities and experiences. Cultivating a team that embodies the diverse experiences of Central Providence communities is essential to these aspirations. We strongly and sincerely encourage applications from people of color; immigrant, bilingual, and bicultural individuals; people with disabilities; members of LGBTQQ+ and gender non-conforming communities; and people with other diverse backgrounds and lived experiences.