Finance and Accounting Manager

CommonLit

CommonLit

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Accounting & Finance
United States
Posted on Sunday, February 11, 2024
CommonLit is a nonprofit EdTech organization dedicated to providing high-quality literacy instruction to low-income students and students of color to prepare them for success in college and careers. We operate a free online reading and writing program, www.commonlit.org , that is used by millions of teachers and students worldwide each month. We are a quickly growing team of passionate professionals - many of whom are former teachers . Our team is now over 100 full-time employees spread across ~30 states.

Position Overview

The Finance team at CommonLit oversees all core and accounting operations across the organization. As a member of the Finance team, the Finance and Accounting Manager oversees tax compliance and corporate registration at the state and local level. The Finance and Accounting Manager oversees the company’s cash management activities and manages the company’s cash position. This role leads the monthly close process and oversees the generation of financial statements and reporting.

Responsibilities

Tax Compliance & Corporate Registration

  • Support and ensure timely tax compliance and reporting, including preparation and filing of state, local, and other tax forms, registrations, and filings.
  • Oversee payroll vendor and accompanying process including the applicable monthly, quarterly and year-end payroll tax forms and filings
  • Assist with year-end audit activities, including preparations, PBC list management, auditor correspondence, and Form 990 Filings.
  • Oversee vendor management processes including generation of form 1099s

Cash Management

  • Oversee daily cash management activities including implementing monetary policy, managing the cash position, debt and short-term investments, liquidity forecast, and bank account administration.
  • Analyze and interpret short-term liquidity forecast, funding requirements, and investment reports to make recommendations with respect to borrowings or use of excess cash.
  • Review, develop, and maintain current processes related to cash management and banking policies. Develop and implement process improvements using best practices and technical expertise to increase efficiencies and enhance controls.
  • Manages letter of credit and bank guarantee requests as needed.

Financial Reporting

  • Lead the month end closing process
  • Generate monthly, quarterly and annual reports and financial statements; ensure the accuracy and timely distribution of organization’s financial statements
  • Support analysis of financial statements and recommendations to business operations
  • Advise the Director of Finance on existing and evolving operating/financial issues.

Qualifications

Education requirement

  • Bachelor's degree in accounting or finance.CPA license preferred

Years of experience requirement

5+ years of progressive finance and accounting experience

Targeted experience requirement(s)

  • Experience managing state, local, municipal registration and tax compliance preferred
  • Experience in treasury and cash management preferred

Hard Skills

  • Advanced knowledge of Excel strongly preferred
  • Thorough knowledge of GAAP
  • Demonstrated knowledge and skills in accounting and financial software. Experience with Sage Intacct preferred.
  • Experience with financial analysis and reporting.

Soft Skills

  • Strong project management skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
  • Adept at planning, organizing and controlling complex processes as well as analyzing moderately complex financial information
  • Demonstrates excellent organizational skills with the ability to prioritize workload and multi-task while maintaining strict attention to detail.
  • Strong analytical and organizational skills
  • Excellent oral and written communication skills
  • General curiosity and inquisitive nature
  • Ability to work with others in a team environment; demonstrates strong interpersonal skills with a collaborative style.

Physical & Additional Requirements

  • This role involves prolonged periods sitting/standing at a desk and working on a computer

$100,000 - $110,000 a year

Compensation and Benefits: $100,000 - $110,000 annually

Benefits

CommonLit is committed to fostering a positive company culture, promoting work-life balance, and supporting employees through life’s changes. We provide the following benefits:

  • Health, Dental, and Vision Insurance including FSA/HSA options
  • Free telehealth services for all full time employees, from day 1 of employment
  • Life insurance
  • 401(k) retirement plan, with a 4% safe harbor employer match
  • Pre-tax commuter benefits for employees based in the D.C. metropolitan area
  • Remote home office set-up stipend-Generous time off including 15 paid holidays a year, paid time off accruals, sick leave, 12 weeks of paid parental leave, volunteering and school visitation leave, jury duty leave, and bereavement and compassionate leave. Additionally, we offer 2 floating holidays annually.

We are a remote-first company, and have employees in almost 30 states and Washington, D.C. In keeping with our efforts to create a collaborative and constructive workplace even in a remote environment, we have many engagement opportunities throughout the year. These include monthly remote activities (ie. dumpling making, yoga, virtual escape room), monthly “CoffeeLit” time to get to know colleagues, a yearly all-staff retreat, and more!

Apply by date: Wednesday, February 21 by 5pm ET. Please submit your resume and cover letter and answer the application questions.

As an equal opportunity employer, CommonLit values having a diverse workforce and continuously strives to maintain an inclusive and equitable workplace. We encourage people with a diverse range of backgrounds to apply. We do not discriminate against any person based upon their race, traits historically associated with race, religion, color, national origin, sex, pregnancy or related medical conditions, parental status, sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetic information, or any other legally protected characteristics. If you are a qualified applicant requiring assistance or an accommodation to complete any step of the application process due to a disability, you may contact us at careers@commonlit.org.

This job is no longer accepting applications

See open jobs at CommonLit.