Senior Accountant

About the Asian American Federation

Founded in 1989, the Asian American Federation (AAF) is one of the strongest leadership voices advocating for better policies, services, and funding that lead to more justice and opportunity for Asian immigrants, one of the most historically under-resourced  communities in New York City. As an umbrella leadership organization, we represent 70 community-based organizations serving 2.1million Asian New Yorkers, the fastest-growing population in the city, state and country.

Our Core Values

Our employees, interns, and volunteers are expected to embody AAF's core values:

• Lead With Integrity
• Purposeful Transparency
• Committed to Accountability
• Guided By Our Community

The Opportunity

Reporting to the Director of Finance, the Senior Accountant will be responsible for managing all aspects of the organization's financial operations. With the use of GAAP, they will perform various complex accounting activities and financial analysis, including, but not limited to, budget development; fiscal interpretation and analysis; preparing financial reports; performing account reconciliations; and various accounting duties. They will oversee the full cycle of bookkeeping, payroll, and grant reporting functions, including accounts payable, accounts receivable, expense allocations, and the monthly close.

The ideal candidate for this role is a humble, emotionally-intelligent, detail-oriented individual poised to help elevate the accounting infrastructure of a dynamic and fast-paced nonprofit. This individual will enjoy the day-to-day details and consistency provided by intricate, fast-paced, and process-oriented work. The Senior Accountant will be able to translate complex financial policies and procedures in a way that colleagues outside of the finance team understand with ease. This is a fantastic opportunity for a highly motivated and proactive, early career accounting professional looking to further develop their skill as part of a growing finance team.

This is a hybrid role based in AAF's Wall Street office, with in-office attendance required two days a week.

Key Responsibilities

Audit & Compliance

• Organize and maintain audit schedules (balance sheet & income statement).
• Support the annual audit and 990 reports by adhering to organizational accounting policies and procedures throughout the year and by providing the audit firm with the required reports and backup.
• Ensure timely compliance with federal, state, and local financial legal requirements.

Accounts Payable & Receivable

• Work independently to process accounts payable and accounts receivable in a timely manner.
• Manage vendor relationships, including tax exemption requests and dispute resolutions.
• Gather W-9s and appropriately track vendors for 1099 status.

Financial Records Management

• Maintain and secure financial records in accordance with GAAP, providing documentation for grant and contract invoicing.
• Enter payroll journal entries and allocation journal entries.
• Enter recurring bills allocation journal entries.
• Assist in the management and maintenance of financial software systems (e.g., QuickBooks, Bill.com, and Ramp).

Month-End & Year-End Close

• Complete the month-end close process, including bank reconciliations, development reconciliation, and reporting entries.
• Collaborate with the finance team to ensure accurate and timely financial reporting.

Policies & Procedures

• Help the team maintain efficient and effective accounting and financial management infrastructure, including policies, processes, procedures, and internal controls.
• Prepare and recommend accounting policies and procedures to strengthen internal controls.

Financial Analysis

• Monitor, analyze, and interpret financial trends to support effective decision-making, identify areas for improvement, and ensure the organization's financial sustainability.
• Work with the team to prepare the organizational, program, and grant budgets based on budget performance and cash flow.

Special Projects & Support

• Provide backup support in areas like cost reallocation and compliance.
• Assist with managing various requirements such as license renewals, lobbying expense reporting, sales tax refund claims, etc.
• Take on other special projects and responsibilities as assigned, meeting tight deadlines and prioritizing accordingly.
• Serve as a liaison for the Finance team and work collaboratively with a variety of personalities.
• Attend organizational events as requested.
• Assist with ad hoc projects and tasks as required to support the finance team and overall business needs.

Qualifications

We are looking for a detail-oriented accounting professional who enjoys process-driven work, communicates clearly with non-finance colleagues, and is excited to grow with AAF's finance team.

Required

• Bachelor's degree in accounting, finance, or equivalent, with strong knowledge of generally accepted accounting principles (CPA a plus).
• Minimum 3-4 years of experience in accounting/finance, preferably in a nonprofit environment, working with organizations having multiple funding streams.
• Proficiency in Microsoft Office suite, with advanced Excel skills, and in accounting software like QuickBooks or similar platforms.

Preferred

• Experience with fund accounting.

Compensation & Benefits

This position is based in New York City, with a hybrid work environment. The salary range for this position is $76,000 to $82,000 per year. To uphold organizational parity and pay equity, AAF will use a non-negotiable salary structure that takes into consideration the entire breadth of a candidate’s experience, employment, and education to arrive at their base salary. In addition, AAF provides a comprehensive benefits package that includes 100% employee health care; dental and vision coverage; life insurance; as well as a 403(b) plan with up to 3% employer match and generous paid time off.

Applications will be reviewed on a rolling basis until the position is filled. Please do not contact us regarding the status of your application. Candidates selected for further consideration will be contacted.

The Asian American Federation is an Equal Opportunity Employer.