Controller

Background

Craft3 is on a mission to build a thriving, just and empowered Pacific Northwest. We invest in people, businesses, and communities, and work towards a future of shared prosperity across our region.

Craft3 is a nonprofit community development organization, founded in 1994, that centers marginalized people in our work by investing in people, businesses, and communities across the Pacific Northwest. Craft3’s investments build household and business wealth, amplify community voice and agency, and create lasting networks of trust and mutual support. We work towards a future of shared prosperity across our region. If that sounds like something you’d like to be part of, we hope you get in touch. Our team members primarily work remotely and out of physical offices across Oregon and Washington.

Our employees are passionate about our mission and accomplished in a variety of fields, including banking, community development, finance, accounting, natural resources, and city and regional planning. While they connect to our mission in different ways, all staff care deeply about using finance to expand opportunities and create a more inclusive world. Visit us at www.Craft3.org to learn more about our team and career opportunities.

Summary

Reporting to the Chief Financial Officer, the Controller is responsible for managing the organization’s day-to-day financial and accounting functions, and designing and implementing policies, procedures, and a system of internal controls to comply with regulatory requirements and safeguard the assets of Craft3. The Controller is responsible for coordinating and preparing the organization’s budget and internal and external financial statements and supporting presentations to executive leadership and the Board of Directors. They are responsible for ensuring compliance with financial covenants and The Controller is also responsible for collaborating with Craft3’s independent accountants to help ensure the successful audit of its financial statements and completion of its tax and information returns.

The Controller partners with the CFO to manage a distributed accounting team that works independently from remote locations.  Regular communication and mentorship are of vital importance in managing and motivating the team, recognizing their accomplishments and delivering accuracy and high-quality performance.

Responsibilities

Accounting leadership:

• Day-to-day management of financial and accounting operations, including accounts payable and receivable.
• Design and implementation of policies, procedures and a system of internal controls consistent with generally accepted accounting principles (GAAP) and provide timely notification to CFO of any required or planned changes.
• Provide timely information to the CFO and Chief Development Officer regarding overall and targeted liquidity levels.
• Ensure timely issuance of monthly and quarterly financial statements in accordance with established policies and compliance-related obligations. Accounting for and reporting of loans receivable and allowance for loan losses, consistent with current expected credit losses (CECL) methodology and GAAP.
• Maintain knowledge of and ensure accurate fund accounting and grant accounting as utilized by not-for-profit entities.
• Ensure timely issuance of the audited consolidated financial statements in accordance with established policies and compliance-related obligations, and without material adjustments or material weaknesses in internal controls.
• Ensure timely filing of federal, state and local tax and information returns, in consultation with tax accountants.
• Collaborate with the CFO to issue Board approved operating and capital budgets before the start of the new fiscal year; engage in the issuing of monthly business unit expense and income reports and perform ongoing budget monitoring with support of business unit owners.
• Provide the CFO with monthly budget to actual financial results with analysis of significant variances and plans for corrective actions.
• Maintain accounting and financial internal controls to avoid control deficiencies and breaches leading to financial losses to Craft3 or impact to borrowers, lenders and others.
• Monitor, ensure compliance with, and report on financial covenant obligations of funding agreements,
• Ensure proper accounting for assets and liabilities of individual funds and programs.
• Maintain accurate cost accounting by financial product.
• Support the financial information needs of the CFO and the Legal, Data and other business units.
• Estimate the reserve for loan losses (CECL) throughout the year and subject to audit by Craft3’s independent accountants without material adjustment.
• Proficient at completing their own tasks while also supporting other team members and overseeing their performance on a timely basis.

Human Capital:

• Partner with CFO to ensure a stable, highly skilled, and high-performing team of accounting and finance professionals to support Craft3’s mission, growth and sustainability.
• Supervise Assistant Controllers and Senior Accountants in their day-to-day management of accounting functions, ensuring productive cross-functional teams of Loans Receivable/Notes Payable, Utility, and Operations
• Mentor team members through regular communications and active listening, promoting their professional development and providing timely feedback on performance, areas for improvement, and accountability.
• Maintain current job descriptions for team members.

Essential duties and responsibilities include some or all of the preceding; these are not, however, intended to be all-inclusive. Craft3 reserves the right to change, add or delete responsibilities and duties.

Requirements

Your skills and abilities:

We encourage all candidates with diverse perspectives and backgrounds to apply regardless of whether you meet all the requirements of the job description. The ideal candidate will be able to demonstrate the following:

• Proven skill managing organizational finance and accounting functions.
• Experience and proficiency with budgeting, fund accounting, and loan management systems and related policies and procedures.
• Experience with external auditors, compliance management, and regulatory oversight.
• Motivated self-starter.
• Strong work ethic, unquestioned integrity, and the desire to achieve.
• Excellent prioritization, solution orientation, detail orientation, organization skills and effective time management to succeed in a semi-autonomous, fast-paced environment.
• Ability to question assumptions, solve problems, and make intentional choices that align with strategic objectives.
• Strong conflict negotiation, consensus-building, collaboration, and situational leadership skills, ability to comfortably liaise and negotiate with internal stakeholders.
• Demonstrated ability working equitably and respectfully with diverse people from a wide range of races, ethnicities, backgrounds, and identities.
• Intellectual curiosity and commitment to continuous learning.
• Ability to identify gaps and areas of improvement and existing processes, and develop and adapt to new / changing procedures to meet identified needs.
• Accomplished at aligning goals of the department with individual goals of other team members in accounting for and accomplishing those goals.
• Effective at managing and mentoring direct reports, including frequent 1:1 and small group communication, active listening, goal setting and performance evaluations.
• Ability to successfully work with colleagues located in local and satellite offices, involving effective electronic communications with high degree of precision and detail and good communication skills with the ability to communicate effectively over the phone, in person, by video chat and email to a variety of audiences.
• Proficiency in Microsoft Suite, shared files system and Contact Relationship Management systems.
• Use of manual dexterity and repetitive motions, primarily with the wrists, hands, and/or fingers.
• The ability to occasionally lift and/or move up to 10 pounds.

Your knowledge and experience:

• Bachelor’s or Master’s degree in Finance, Accounting or Business Administration.
• Minimum of 10 years of progressive finance experience.
• Experience with a CDFI or similar finance organization preferred.
• Knowledge of allowance for loan loss reserves consistent with CECL.
• Extensive knowledge of GAAP, financial reporting, regulatory and tax compliance requirements for CDFIs.

Certificates, Licenses, Registrations

None; however, CPA or MBA desired.

Supervision

This position may supervise 6-8 other employees, as well as external consultants/ vendors.

Travel

A level of travel is to be expected with job responsibilities covering a geographic area that includes the States of Oregon and Washington, branch office visits and company events.

Compensation and Benefits

The salary range for this position is $$115,300 to $142,300 and is eligible for an annual discretionary bonus based on individual and company performance. Actual pay will depend on experience. Grade for this position is 8 to 10. This position is FLSA status exempt.

We offer hybrid work flexibility, and employees have access to physical offices in Seattle and Spokane, Washington, and Portland and Astoria, Oregon. Employees may take advantage of flex/alternative work schedules.

Additionally, Craft3 offers a comprehensive benefits package that provides generous time off, supports good health for you and your family, and helps you save for the future.

• Comprehensive medical, dental and vision benefits
• 403(b) retirement account with matching contribution
• At least 3 weeks of paid vacation time and 12 company-paid holidays
• Volunteer time off for service to the community
• Tuition reimbursement
• Sabbaticals for all employees after ten years of service

Read more about our culture and philosophy about reinvesting in our employees on our website.

Equal Opportunity Statement

Craft3 is an equal opportunity employer. Diverse staff and perspectives advance our mission and help our organization thrive and grow. We encourage candidates who identify as one or more of the following to apply: Black, Indigenous, and People of Color (BIPOC); women; LGBTQ+; veterans; immigrants; working class; rural; and people with disabilities. We are committed to being an inclusive organization and recognize that this takes continued work.

How to Apply

Apply online at Recruitment (adp.com)

Application Deadline: Open Until Filled

For more information about Craft3 and our Benefits visit our website at: www.craft3.org/about/careers

Craft3 is an equal opportunity employer; women and minorities are encouraged to apply.