76 Ninth Avenue, Suite 315 | New York, NY 10011 SENIOR ACCOUNTANT Acumen Fund is a global non-profit venture capital fund, focused on supporting the delivery of critical services – water, health, housing, energy – at affordable prices to the four billion people earning less than four dollars a day in India, Pakistan, and East Africa. Acumen Fund seeks to prove that small amounts of philanthropic capital, combined with large doses of business acumen, can build thriving enterprises that serve vast numbers of the poor. Acumen Fund has successfully impacted over 10 million lives so far, through over $30 million invested in South Asia and Africa. Its country offices in India, Pakistan and Kenya work closely with the New York team to identify and support local social enterprises. Through our investments we address problems of poverty using market based approaches, demonstrating that there is a role for patient capital, intensive management assistance, and knowledge sharing at the base of the pyramid. www.acumenfund.org Since 2001, Acumen Fund has functioned under a philanthropic capital model, raising donations to fund investments in enterprises that deliver health, water, housing or energy to the poor. In 2008, we launched an invested capital fund, Acumen Capital Markets, which will operate side by side with our philanthropic fund, making investments in enterprises that support the poor. Position description Acumen fund is looking for a well organized, energetic and bright individual to take charge of its accounting functions as Senior Accountant. The Senior Accountant will play a key role in the Accounting/Finance department and will work with Acumen Fund’s global finance team working in its India and Pakistan offices. The ideal candidate will have excellent accounting and Excel spreadsheet skills and a minimum of five years’ experience with a non-profit organization in general ledger. Financial reporting, payroll and bank reconciliation areas are also a must. The individual should be able work with minimum supervision, should be a problem solver and should be able to complete assigned tasks in time. The Senior Accountant position reports to the Director of Finance in Acumen Fund’s New York office. Responsibilities include: General Ledger • Run the monthly interface to process and post revenue transactions initiated by the Business Development department into general ledger. • Prepare and post payroll, benefits and other overhead allocation entries using allocation journal template every month. • Prepare and post monthly bank transaction journal entries related to deposits and remittances to vendors and Acumen Fund Fellows. • Prepare and post monthly journal entries to account for interest income earned in the bank accounts. • Prepare and post journal entries related to portfolio investment disbursements, quarterly interest and principal payments received from investees. • Prepare and post credit card transactions in general ledger on monthly basis. • Prepare and post other entries as necessary to record all financial transactions in the general ledger. Bank Activity • Set up bank remittances such as wire transfers, ACH transmittals, etc. for Fellows’ stipends and for other requirements. • Check daily banking activity online for incoming wires and withdrawals. • Prepare deposit slips for contribution checks forwarded by the business development department. Page 2 Payroll • Check personnel documentation authorized by the Talent department, process new enrollment and termination of employees in the ADP Payroll system, and liaise with ADP in resolving any payroll and benefits related issues working in conjunction with the Talent department. • Process bi-monthly payroll for the New York office team. Accounts Payable • Setup new vendors in accounts payable under different categories (1099, Fellows, etc). • Process vendor invoices and employee expense reports in accounts payable. • Process weekly payments in accounts payable. • Post accounts payable transactions weekly into general ledger. • Work with other departments to resolve accounts payable vendor related issues. • Process 1099 reports at the end of calendar year. Monthly Closing • Prepare monthly cash position report by end of first week of every month. • Perform monthly closing as per the check list. • Perform monthly revenue reconciliation and resolve any discrepancies by working with the business development department. • Perform bank reconciliation for restricted bank accounts. • Work with global accountant in India to resolve any open issues with Operating, Spectrum and Portfolio. • Reserve bank accounts reconciliation. • Perform monthly accounts payable reconciliation with general ledger balance. • Perform general ledger analysis on balance sheet accounts for prepaid and accrued expenses and resolve outstanding balances at least on a quarterly basis. • Assist the Director of Finance in generating monthly departmental financial reports. Year End Closing and Annual Audit • Assist the Director of Finance with annual audit preparation by preparing supporting schedules for the audit in time for the audit start date. • Prepare supporting schedules for Form 990 filing. Portfolio Investments • Maintain loan database, setup new loans in excel with loan repayment/amortization schedule. • Generate quarterly loan invoices and email to investees. • Work with global accountant in India to reconcile loan balances and generate monthly loan payment schedule to be distributed to the portfolio department by 10th of every month. Qualifications Aspiring candidates for the Senior Accountant position should meet the following requirements: • Four-year bachelor degree in accounting. • Minimum five years accounting experience with three years in general ledger accounting in non- profit environment. Must have minimum of two years of active participation in external audit process. • Good grasp of accounting theory and practice. • Advanced level of Excel spreadsheet skills. • Should be able to complete tasks in time, work independently, and be able to work under pressure. • Excellent written and oral communication skills; ability to interpret accounting and financial concepts to non-finance team members. Page 3 • Commitment to accuracy, attention to detail and follow-through. • Strong interpersonal skills: courtesy, tact, patience and strong team orientation; assertive team player with a sense of humor. • Commitment to and enthusiasm for the organization’s mission and business model, and respect for Fund’s core values: listening and leading, generosity and accountability, Compensation Acumen Fund offers a competitive compensation package, commensurate with experience, including 401K plan and full benefits. Location New York, NY To Apply Send a cover letter and resume to financerole@acumenfund.org. Please include the job title “Senior Accountant” in the subject line.