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Monday, November 12, 2012

Accounting Manager

Root Capital

Mission and History of Root Capital

Root Capital’s mission is to grow rural prosperity by investing in small and growing agricultural businesses that build sustainable livelihoods in Africa and Latin America.

Root Capital is a nonprofit social investment fund that grows rural prosperity in poor, environmentally vulnerable places in Africa and Latin America by lending capital, delivering financial training and strengthening market connections for small and growing agricultural businesses.

Root Capital clients include associations and private businesses that help create sustainable livelihoods by aggregating the products of hundreds, and often, thousands of farmers. Since our launch in 1999, we have provided more than $400 million in credit to over 460 small and growing agricultural businesses.

Root Capital envision a thriving financial market serving agricultural businesses that generate long-term social, economic, and environmental sustainability for small-scale farmers and their communities around the world. Headquartered in Cambridge, Massachusetts, Root Capital currently has associated offices in Costa Rica, Mexico, Peru and Kenya.

Responsibilities

1. Manage the full cycle accounting function for Cambridge, including loans receivable, notes payable, accounts receivable and payable and general ledger on Intacct accounting software.

a. Work closely with Portfolio Servicing team to download, record and reconcile loan transactions and related activity. Verify accuracy of accrued interest receivable.

b. Work closely with Investor Relations team to record investments in Root Capital, including senior and subordinated notes, loan participations, and lines of credit. Ensure accuracy of notes payable sub-ledger including principal, interest payable, interest rates, amortization schedules, loan repayment dates, etc. .

c. Work closely with Investor Relations team to record contributions and grant agreements, including correctly booking restrictions and performing releases.

d. Reconcile all Balance Sheet accounts on a monthly basis and perform the monthly close to ensure the transactions are complete.

e. Produce accurate timely trial balance for Cambridge set of books.

2. Serve as functional expert on Intacct accounting software. With assistance from others, perform upgrades and enhancements.

a. Implement a series of upgrades and enhancements to Intacct software.

b. Work with the Financial Planning & Analysis team to design and implement software, policies and procedures for processing a growing volume of investments and grants in an automated fashion.

3. Manage all accounting transactions for hedging and foreign currency activity ensuring accounting are recorded accurately and reconciled monthly.

a. Work closely with Portfolio Servicing team to ensure FX transactions are accurately recorded on a timely basis.

b. Analyze cost-benefit on hedging activity.

c. Analyze annual FX gain or loss impact on lending operations.

4. Manage bank accounts.

a. Monitor cash on a regular basis to ensure adequate liquidity in all Cambridge accounts. Provide inputs to financial analyst on bank balances for cash flow management of loan funds/portfolios.

b. Serve as primary liaison to banks for Cambridge accounts.

c. Prepare and record cash disbursements and transfers from and between Cambridge bank accounts.

d. Review bank reconciliations.

e. Release loan disbursements.

f. Serve as administrator of on-line banking system.

5. Assist with coordination of the external audit and Form 990 by providing requested information on a timely basis

a. Prepare work schedules as requested by the auditors.

b. Work with the auditors to ensure their requirements and needs are met.

c. Coordinate the preparation, mailing, and follow-up of client/donor/investor confirmations.

d. Ensure that audit and 990 reconcile to trial balance

e. Prepare follow-up responses to the auditors’ management letter.

6. Implement financial policies and procedures as needed or directed, including updating accounting manuals.

7. Training and supervision of staff accountant

This position description is intended to describe the general nature and level of work of this position, and is not an exhaustive list of all responsibilities, duties and skills required of individuals in this role.

Qualifications and Experience

· Bachelor’s degree in Accounting or Finance, Master degree is desired.

· At least 6 years of related experience

· Experience with non-profit accounting

· Experience with multi-currency transaction processing

· Experience with implementing or enhancing accounting software

· Advanced Excel skills

· Organized

· Detail oriented

· Good at multitasking in a fast-paced environment

· Collaborative team player

· Self motivated

· Strong interpersonal skills, high degree of interface with other staff

· Ability to trouble-shoot routine situations and manage tasks independently

· Passion for Root Capital mission

· Must be authorized to work in the US

More information about Root Capital is available at www.rootcapital.org
Applications are due by December 15, 2012. Candidates are encouraged to apply as soon as possible.
Applications including a resume and cover letter describing your interest, qualifications, language abilities, salary requirements, and how you learned of the position should be sent to: jobs+acctmngr@rootcapital.org. Please type “Accounting Manager” followed by your name (Last, First) as the subject line of your email (e.g. “Accounting Manager – Marrero, Marc”). Finalist candidates will be required to provide at least three work-related references.
Root Capital is an equal opportunity employer.

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