Location: San Francisco
Reports to: Vice President of Finance and Corporate Controller ("Controller”)
Exempt Classification: Exempt
Status: Regular. Full-Time
The Low Income Investment Fund (“LIIF” or “the Company”) is a non-profit community
development financial institution, with headquarters in San Francisco and with offices in New
York, Los Angeles, Washington, D.C and Atlanta. LIIF builds healthy communities by
bridging the gap between private capital markets and low-income neighborhoods. LIIF is a
steward for capital invested in affordable housing, early childhood education, fresh foods,
education and other community initiatives.
The Assistant Controller will work under the guidance of, and assist the Controller in, the
preparation of the annual financial statements, and supervision of the preparation of LIIF’s tax
returns. The role is the primary point of contact for the external auditors and tax consultants.
The Assistant Controller is also responsible for maintaining the accounting records for the
Company, its subsidiaries, funds and affiliates, and for the timely and accurate monthly close
and preparation of financial statements
The role will act as the deputy to the Controller. It is the incumbent’s responsibility to ensure
that all financial statements are prepared in accordance with Generally Accepted Accounting
Principles (GAAP) for a community development financial institution, and that they are
delivered in a timely and quality manner. The Assistant Controller also will work closely with
the EVP, Chief Financial Officer and the VP, Finance and Capital Strategies and will interface
with LIIF’s Executive team as well as staff across the organization.
REPORTING RELATIONSHIP: This position reports to the Controller and will supervise
the Manager of Corporate Accounting and two accountants.
Low Income Investment Fund
415.772.9094 tel Los Angeles
50 California Street
415.772.9095 fax New York
San Francisco, CA 94111 Atlanta
ESSENTIAL DUTIES AND RESPONSIBILITIES
subsidiaries or affiliated entities, including all New Market Tax Credit (“NMTC”) entities
which the Company manages.
client submissions and complete and accurate supporting documentation.
affiliated entities including client submissions, supporting schedules and other
including accounting policy memorandum for specific transactions, new accounting
guidance and certain programs as appropriate.
quality control environment.
entities and funds.
reviewing and posting certain accounting system journal entries, as appropriate.
accounting discrepancies are appropriately resolved.
Develop and maintain appropriate operational controls, data documentation and
Research new accounting guidance and ensure that the Company plans for and
implements new standards and guidance in accordance with best practice. •
allocation codes, distribution codes and security rights assigned to users.
accounting is in accordance with the grant documentation and with GAAP.
recommendations for cost savings and profitability improvement strategies.
Participate in the training of finance department employees and, where appropriate, in the
hiring of new employees
SKILLS AND ABILITIES REQUIRED
Financial Institution, with a broad knowledge of GAAP is strongly preferred.
preparing for external audits as well as reporting. Proven ability to develop and implement
processes, policies and procedures for these functions.
ability to interface with and influence numerous constituencies.
other analytical tools to accomplish the required responsibilities and accountabilities.
EDUCATION AND EXPERIENCE REQUIRED
Required knowledge and skills would typically be acquired through bachelors or master’s
degree in accounting and 10+ years of accounting, auditing and other business operations
experience. CPA designation is highly favored.
How to Apply:
If you are interested in applying to the Low Income Investment Fund,
please mail or e-mail cover letter and resume to:
Low Income Investment Fund
Attn. Human Resources
50 California St., Suite 2900
San Francisco, CA 94111
No phone calls or other LIIF email addresses please.
Only candidates being considered for a position will be contacted.
LIIF is dedicated to creating pathways of opportunity for low income people and communities.
Serving the poorest of the poor, LIIF is a steward for capital invested in community-building initiatives. In so doing, LIIF provides a bridge between private capital markets and low income neighborhoods.