Senior Accountant: Portfolio

ABOUT BOSTON IMPACT INITIATIVE (BII)

Boston Impact Initiative (BII) is a nonprofit impact investment fund founded in 2013 working to build a regenerative and equitable economy. We invest integrated capital—equity, debt and grants—in social enterprises and community-owned and controlled real estate to build wealth and asset-building opportunities, especially in diverse communities.

As a new Community Development Financial Institution (CDFI), we currently manage two distinct funds:

• BII Fund I: Established in 2017, deployed $6.9M across 50 enterprises
• BII Fund II: Launched 2022, raised $17M, invested $6.5M in 23 companies and real estate projects, and is actively raising/deploying capital to small businesses and community-governed real estate projects in Massachusetts and New England

BII also offers impact investing education and training. Through our Advancing Regenerative Capital (ARC) Fellowship, we have trained 70 fund managers from 30 organizations to launch community-based impact funds focused on expanding shared ownership and generational wealth in communities systematically excluded from economic opportunity. To date, 22 funds have launched that have deployed over $12M to diverse small businesses across the U.S.

BII is growing to 15 employees in 2025, with a net $3.5M annual operating budget. As we expand our investing and field-building work, we seek a strategic and entrepreneurial Chief Development & Investor Relations Officer to cultivate and steward the resources needed to advance BII’s vision of a future where every community has the resources and power to create shared prosperity.

POSITION SUMMARY

The Senior Accountant: Portfolio is responsible for leading portfolio and investor accounting operations. This role will partner closely with the Finance Director on implementation and ownership of a new loan servicing system. The ideal candidate will bring direct loan servicing experience, strong customer service skills in lending environments, and strong understanding of amortization schedules, present and future value calculations, and related financial inputs. The Senior Accountant: Portfolio reports to the Finance Director.

KEY RESPONSIBILITIES

The Senior Accountant: Portfolio plays a significant role in BII’s finance and accounting function. The primary responsibilities include ownership of portfolio and investor operations, including:

Portfolio Management

• Generate and distribute monthly portfolio statements and annual noteholder statements.
• Prepare and enter portfolio investment transactions in the loan servicing system and ensure that any changes to loan terms are updated regularly.
• Ensure that all portfolio transactions entered in the loan servicing solution are accurately recorded in the general ledger, including preparing amortization schedules, recording funding/payoff transactions, interest capitalizations, interest accruals, interest payments, changes to loan loss reserves, charge-offs, and recoveries.
• Prepare and distribute monthly portfolio company statements and process monthly portfolio payments.
• Partner with the Finance Director to implement and own the new loan servicing system.

Investor Management

• Manage investor/noteholder onboarding by supporting the subscription process, generating invoices for capital calls, and correspondence with RIAs and financial institutions, and distributing closing documents.
• Generate and distribute annual noteholder statements, and serve as an additional point of contact for noteholder questions.
• Prepare and enter noteholder transactions in the fund management system.
• Ensure that all noteholder transactions entered in the fund management system are accurately recorded in the general ledger, including preparing amortization schedules, recording funding/payoff transactions, interest accrual, and interest payments.

Audit and Compliance

• Support the annual audit process, including preparing schedules and reconciliations as requested.
• Assist with preparation of board and finance committee reporting package.
• Assist with Form 1099-INT preparation.

Other duties as assigned.

QUALIFICATIONS

We welcome candidates with a range of experiences and perspectives. The strongest candidates will bring:

• Bachelor's degree in Accounting, Finance, or related field.
• 4+ years of relevant accounting, loan servicing, or fund operations experience preferably in a nonprofit, CDFI or Investment firm environment.
• Direct loan servicing experience with strong customer service orientation.
• Experience with NetSuite accounting software required.
• Experience implementing or owning a loan servicing system preferred.
• Strong understanding of full amortization schedules and present/future value calculations and inputs.
• Experience working in a nonprofit, credit union, CDFI, or lending environment preferred.
• Strong attention to detail and organizational skills.
• Excellent communication and interpersonal skills.
• Commitment to social and environmental justice.

BII is an Equal Opportunity Employer. We embrace diverse skills, perspectives, and ideas. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, national origin, sex, age, gender identity, disability, sexual orientation, military service, genetic information, and/or other status protected under law.

This is a full-time, exempt position based in Boston, MA. The role is hybrid with the expectation of travel to the Boston office 1-2 times per week. The starting salary range for this role is $90,000 - $110,000, depending on alignment with the role and commensurate with experience. BII offers a work environment that supports the unique needs of each employee to balance work and life. We offer a benefits package that includes flexible work options, healthcare, short-term disability, a 401 (k) plan with employer contributions, paid time off and holidays, and an annual professional development stipend.