Staff Accountant

Boston, MA | Full-time | Hybrid

About Compass

Compass is an innovative, mission-driven organization that supports families with low incomes to save for their future and access greater economic opportunity. We believe in our clients and in their ability to achieve their goals and dreams. We operate high-quality financial coaching and savings programs and pursue opportunities to shape the national approach to poverty through practice and policy change. Compass is also an emerging leader in a national effort to leverage housing assistance as a platform for economic mobility. We are looking for people who want to be part of taking our programs and our impact to the next level.

For more information, please visit us on our website, www.compassworkingcapital.org

Our mission is to partner with families with low incomes to build assets as a pathway out of poverty. We focus on reaching families led by Black and/or Latinx women.

To achieve our mission, we operate client-centered savings and financial coaching programs, deliver training and technical assistance to other practitioners, and shape policy solutions that dismantle barriers to asset building.

For more information, please visit our website, www.compassworkingcapital.org, or click here to learn more about our strategic plan.

About The Family Self-Sufficiency (FSS) Program

Congress created the FSS program in 1990 as an employment and savings program for families in federally subsidized housing. The program combines a powerful savings incentive with service delivery to support residents in reaching their goals. It is the nation’s largest asset-building program for families with low incomes.

Since 2010, Compass has partnered with public housing agencies and other affordable housing providers to operate an asset-building model for the FSS program — the first nonprofit organization in the country to do so.

About the Job

We are looking for mission-driven, results-oriented, and collaborative individuals to join our growing team. The Staff Accountant is responsible for a number of integral functions of the organization’s Finance department. The ideal candidate will have a strong attention to detail to maintain the highest levels of accuracy and completeness in their responsibilities. They will also be customer-service oriented and generate a positive work environment across the organization’s functions.

All Compass staff embody the following core competencies:

Ownership: Steps up and follows through to consistently deliver high-quality work.

Diversity, Equity, and Inclusion: Champions the value of diversity and the creation of inclusive spaces.

Growth Mindset: Embraces challenges and setbacks as the fuel for learning and development.

Teamwork: Contributes actively and collaboratively with colleagues to achieve shared goals.

Primary Responsibilities:

Bookkeeping

• Process accounts payable and cash disbursement functions, including creating and depositing manual checks when necessary. Monitor aging payables.
• Process receivables, including issuing invoices to Compass’ partner organizations, monitoring outstanding payments and reporting on A/R aging.
• Maintain vendor files and acts as the primary liaison to vendors.
• Compile VISAs credit card statements and process employee reimbursements via Bill.com.
• Monitor and maintain dedicated email account for communication related to accounting and finance.
• Reconcile semi-monthly and bi-weekly payrolls.
• Prepare month-end reconciliations and journal entries.
• Assist with preparing and assembling information for external auditors for annual audit and Form 990 filing.
• Compile and submit 1099’s to IRS and MA DOR.
• Maintain orderly filing systems for electronic and paper documents.

Financial Support and Analysis

• Perform full-cycle accounting and month-end close
• Support tracking of expenses against restricted grants to enable the accurate release of restricted funds.
• Assist with annual organizational budget planning and cash flow projection.
• Support development and refinement of Compass financial systems.

Qualifications and Skills:

• Non-profit experience preferred
• One to two years of prior experience in accounting
• Experience with accounting software (QuickBooks online preferred)
• Strong skills with Excel
• Capacity to work with precision and meticulous attention to detail
• Excellent written and verbal communication skills
• High level of professionalism handling confidential or sensitive information
• Demonstrated ability to prioritize and manage multiple tasks
• Ability to learn quickly, work independently, and adapt in a fast-paced environment
• Willingness to pitch in however needed to support the organization
• Demonstrated interest in serving low-income families
• Familiarity with Salesforce and Bill.com
• An associate’s or bachelor’s degree in Accounting, Finance, or a related field preferred

This job description is not intended to provide a comprehensive listing of all duties or responsibilities. Job duties and responsibilities may change at any time based on the needs of the organization

Benefits

• The salary range for this role is $55,590 – $64,839, commensurate with experience. We’ll promote your professional growth and development by providing access to a competitive salary and benefits package and additional employee benefits that include but are not limited to:
• Healthcare: medical, dental, vision: Compass covers up to 80% of employee premiums and 80% for dependents. There is no waiting period to enroll in health insurance.
• Retirement plan 401(k) & 3% match
• Parental Leave: Employees who have been employed for at least three (3) months are eligible to take up to 12 weeks of unpaid leave. *Employee must be with the organization for six (6) months to receive up to six (6) weeks of full pay from the organization.
• Life insurance & disability Insurance
• Paid time off: Employees receive up to 36 Wellness days and 8 holidays per calendar year, plus the final week of the calendar year off as an organizational wide holiday. All employees enjoy a two-hour early closure starting the Friday after Memorial Day through the week of Labor Day.
• Flexible Spending Account (FSA)
• Dependent Care Flexible Spending Account
• Professional development & certification
• Pre-tax commuter benefits
• Employee Assistance Program (EAP)
• Office closed the final week of calendar year
• Equipment: $200 one-time stipend for work from home expenses
• Internet Reimbursement: Up to $40 per month for personal internet expenses

Equal Opportunity Statement

Compass Working Capital is an Equal Opportunity Employer. We consider applications for all positions, without regard to age, race, color, ethnicity, national origin, ancestry, creed, religion, gender, gender identity or expression, sexual orientation, citizenship, physical or mental disability, medical condition, genetic information, marital status, veteran status, military status, or any other characteristic protected by applicable law.

Compass Working Capital is committed to ensuring individuals with disabilities receive the accommodations required for them to interview for a position on our team. Should you require accommodations, please contact hr@compassworkingcapital.org.

As a contractor of Philadelphia Housing Authority, Compass also provides hiring preference to Section 3 residents. Section 3 Residency is defined as being an authorized resident of Philadelphia Housing Authority or a “low-income resident” of the area where the HUD-assisted project is located.

For the purposes of Section 3, "low-income" is defined as 80% of the Area Median Income. To learn more information about Section 3 income eligibility, please refer to the Housing and Urban Development (HUD) Website.