Craft3
Controller
Craft3, Seattle, Washington, us, 98127
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.
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.
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:
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.
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: