Accounting Manager
Do you believe in the power of innovation to change the world? At Activation Capital, our mission is to grow Virginia’s community of advanced tech entrepreneurs and empower them to solve the world’s toughest problems. We provide a portfolio of resources to entrepreneurs and entrepreneur support organizations translating science and technology into world-changing companies. We are a self-sustaining, mission-driven organization at an inflection point in our growth.
The Accounting Manager role will organize our organization’s financial systems and records to accommodate our unique structure and growth plans. This position is a full-time, salaried position with attractive benefits based out of Richmond, VA with the opportunity for hybrid work (2 days in-office minimum).
ROLE
The Accounting Manager is a hands-on role on a small entrepreneurial team. You are responsible for leading Activation Capital's day-to-day accounting operations ensuring compliance. You have a keen attention to detail and exceptional skills of organization. The span of work for the role encompasses annual budgeting & forecasting support, accounting including grant accounting, and management & performance reporting.
The ideal candidate:
- is highly detail oriented and organized
- has deep accounting experience with complex organizations
- is a results-oriented individual always seeking continuous improvement and system optimization
- is a team player with strong technical competencies
Activation Capital is aligned with UN Sustainable Development Goals targeting Gender Equality, Decent Work & Economic Growth, Industry, Innovation & Infrastructure, and Reduced Inequalities. The organization values collaboration, impact, agility, inclusion, entrepreneurial thinking, and future-focus. Learn more at www.activation.capital!
RESPONSIBILITIES
Financial Planning & Forecasting
- Participate in the annual budget planning process
- Work with leadership to build forecasting reports and analyze actual to variance budgets
Accounting, Administration & Controls
- Work with finance and operations leadership to maintain an appropriate system of policies, internal controls, accounting standards, and procedures under the General Accounting Standards Board (GASB)
- Document internal accounting processes to ensure compliance and continuity of internal business practices; working with leadership to create new processes and policies on an as needed basis
- Bookkeeping – accounts receivable and accounts payable administration; bank account reconciliation
- Coordinate with audit partners to produce reports, ensuring data integrity with general ledger and process review
- Seek improvements in administrative accounting services/processes such as treasury management, retirement plan, grants processing, accounts receivable/payable, purchasing, and vendor management
- Manage accounting/reporting to ensure compliance with GASB audit standards and statutory requirements
- Provide operational support for Activation Capital programs and coordinate financial reporting
- Coordinate relationships with third-party finance/accounting vendors, payroll management, auditors, tax vendors, etc. to ensure frictionless processes
- Provide back-office accounting guidance to startups within our ecosystem
- Bi-monthly reconciliation of health benefit payments
Financial Analysis & Business Performance Reporting
- Work with leadership to create reports on business performance, including financial results and key metrics.
- Support the development of financial reports for quarterly board meetings
- Manage the month end close process to support the development of monthly financial statements
Grant Accounting
- Work with operations and grant administration to map grants to appropriate general ledger line items; work with grant submission teams to ensure general ledger alignment
- Continuous tracking of expended grant dollars
- Collecting, analyzing, and submitting requests for reimbursements
- Adhering to all state and federal grant guidelines; working with external subject matter experts to ensure 100% compliance while continuously learning
System Administration
- Administer Concur travel payment system, Stampli, and QuickBooks
- Provide and process paperwork for new vendors/contractors including various tax forms, and any other required documents; onboarding to Stampli system
Also, includes other duties not otherwise specified.
KNOWLEDGE & EXPERIENCE
- Bachelor's Degree in Business, Accounting, or Finance; CPA is a plus
- Minimum of 7+ years of experience in Accounting, with significant management of complex organizational systems and reporting standards
- QuickBooks proficient and/or the ability to learn new systems and generate reports to visualize financial data; Stampli and Concur experience preferred but not required
- Exceptional organization skills are required
- Experience with government/nonprofit organization finance and accounting regulations; a plus but not required
- Experience working with external auditors and in-house financial management experience
- A collaborative individual with strong verbal and written communication skills
- A learning mindset is a major plus
- Offer of employment is contingent upon successfully completing pre-employment background screening and professional references.
COMPENSATION
Competitive Salary & Rich Benefits Package including health, dental, life & AD&A, LTD, STD, LTC, FMLA, paid holidays, paid time off, retirement with matching contributions. Professional development reimbursement and work-life balance/flex schedule opportunity.
About Activation Capital:
Activation Capital is a leading innovation ecosystem development organization that provides social, knowledge, and financial capital to clusters, entrepreneur support organizations, and entrepreneurs, accelerating their progress through development and maturation. Activation Capital, an independent authority of the Commonwealth of Virginia, is on a mission to grow life sciences and other advanced technology innovation by promoting scientific research, commercialization, and ecosystem development that attracts and creates 21st-century jobs and companies. It operates the 34-acre Virginia Bio+Tech Park – the hub of life science and technology innovations in Central Virginia. It oversees the Cluster Accelerator for Advanced Pharmaceutical R&D and Manufacturing and supports developing and expanding the region’s startup ecosystem. For more information, visit www.activation.capital.
EQUAL EMPLOYMENT OPPORTUNITY
Activation Capital is an equal opportunity employer and does not discriminate based on race, sex, age, national origin, religion, physical or mental disability/handicap, marital status, veteran status, sexual orientation, or any other basis prohibited by law.
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