LA2050
Genesis LA

Accounting Associate

Employment type
Full Time
Posted
about 1 month ago
Location
Los Angeles
Description

LOCATION:  801 S Grand Ave, Suite 775, Los Angeles, CA 90017

 

ORGANIZATION OVERVIEW:

Genesis LA is a nonprofit community loan fund with a mission to deliver financial solutions that advance economic and social opportunities in underserved communities.  Founded in 1998 out of the office of former Los Angeles Mayor Richard Riordan, Genesis LA is certified by the U.S. Department of the Treasury as a Community Development Financial Institution (CDFI).  Since our inception, we have deployed $300 million in capital, which has leveraged over $1 billion in investments into community and economic development projects. These projects created or retained over 5,000 permanent jobs; serve over 46,000 clients a year; house 1,200 families; and provide 2.1 million square feet of goods and services to low-income people. We invest in these projects through two programs.  First, our $40 million Genesis Community Investment Fund (GCIF) is used to make flexible loans ranging in size from about $200,000 to $2.5 million.  Second, we have received $265 million in New Markets Tax Credit (NMTC) allocation, which leverages other capital and is invested into large real estate projects serving low-income communities.  All of our investments must demonstrate both financial viability and tangible community benefits to low-income people. 

POSITION SUMMARY:

The Accounting Associate will assist the Controller with a wide range of duties related to revenue and expense processing, loan servicing, reporting and other special projects.

 

RESPONSIBILITIES:

  • Perform Accounts Payable and Accounts Receivables process. Prepare various financial reports, including preparation of monthly, quarterly and annual financial statements.
  • Prepare monthly account reconciliations and analysis on key accounts, including credit card and bank reconciliations.
  • Coordinate with lending team regarding the administration and servicing of existing loan portfolio including invoicing, tracking and recording of all loan activity on Nortridge Loan Software and QuickBooks.
  • Assist with annual financial audit and provide related supporting schedules.
  • Assist with miscellaneous administrative duties and special projects as needed.

 

QUALIFICATIONS:

  • Associates or Bachelor’s degree major in Accounting, Finance or Business
  • 2 or more years of experience in accounting, loan servicing with a financial or nonprofit institution
  • Proficient in Microsoft Excel as demonstrated by command of: advanced functions, nested functions, queries, Pivot Tables. Familiarity with database management systems is ideal.
  • Working knowledge of QuickBooks. Experience with loan servicing software or Nortridge Loan Software is a plus.
  • Attention to detail, ability to work in a fast paced environment and maintain a high degree of accuracy
  • Excellent written and oral communication skills
  • Outstanding interpersonal skills and ability to work collaboratively with a small team

 

COMPENSATION:

Salary range approximately $23-$25 per hour depending on experience; generous 401K matching; healthcare benefits; annual bonus opportunities.

To apply

Interested candidates should forward a resume and cover letter to Jem Dicioco, Controller at [email protected]