Location: Oakland, CA (hybrid, in-office Tuesdays & Thursdays)

Position: Full-time, reporting to the CFO

About ICA Fund—Not Business as Usual

ICA accelerates great businesses through mentorship and mission-aligned investments to catalyze value in missed markets to transform communities. With a deep commitment to identifying, supporting and helping to grow small businesses run by underrepresented entrepreneurs, ICA is innovating ways to leverage coaching, capital and connections to amplify our impact.

By offering targeted acceleration workshops and operating tools, alongside hands-on advising from a network of highly experienced business operators, ICA is democratizing access to resources that catalyze value and growth in small businesses.

The Role

The Accounting Manager reports directly to the CFO and is a key leader on ICA’s finance team. They are responsible for managing day-to-day accounting operations, month-end close, financial reporting, grant accounting, portfolio/investment finance support, PRI/debt covenant tracking, audit readiness, Single Audit support, and internal controls.

This role requires a proactive self-starter with strong technical skills, keen attention to detail and excellent organizational abilities. The ideal candidate works well independently with minimal supervision and possesses high critical thinking ability to review accounting work, identify issues early, strengthen finance processes, and ensure financial information is accurate and ready for CFO approval.

Success in this role means replacing the CFO as the first line of review for routine accounting work including, but not limited to, reconciliations, schedules, reporting and audit support, and portfolio and covenant tracking. The Accounting Manager is also responsible for ensuring that ICA’s financial records are accurate, well-supported, timely, and ready to meet the needs of leadership, funders, lenders, auditors, and the Board.

This is a hybrid role, with in-office days on Tuesdays and Thursdays.

Core Responsibilities

Finance Team Leadership & Review

• Lead day-to-day finance operations, close coordination, reporting preparation, review processes, and follow-up on accounting issues.

• Provide direction, review, and accountability for the Senior Staff Accountant’s work.

• Establish clear priorities, deadlines, and expectations for accounting, reporting, documentation, and compliance work.

• Serve as the first level of review before routine accounting, reporting, audit, portfolio, and covenant matters are elevated to the CFO.

Accounting Operations, Close & Controls

• Own the month-end close process and ensure close is timely, accurate, complete, and well-documented.

• Review general ledger activity, journal entries, balance sheet reconciliations, and close schedules.

• Ensure accounts are properly classified, supported, and reconciled.

• Strengthen close procedures, documentation standards, accounting workflows, and internal controls.

Financial Reporting & Analysis

• Prepare and review monthly and quarterly financial reporting packages for CFO review.

• Prepare budget-to-actual reporting, variance explanations, dashboards, and financial analysis.

• Identify trends, risks, unusual activity, and reporting implications and communicate them clearly.

• Support leadership, Finance Committee, Audit Committee, and Board reporting needs as directed by the CFO.

Grant, Compliance & Funder Support

• Own or review restricted net asset tracking, grant revenue, releases from restriction, multi-year grant balances, and spend-down schedules.

• Review grant-related staff time, expense allocations, and supporting documentation.

• Partner with Development on grant budgets, proposal budgets, funder reporting, and external financial reporting support.

• Strengthen processes for grant tracking, expense tracking, documentation, and Single Audit readiness.

Portfolio & Investment Finance Support

• Partner with the CFO and Portfolio Operations team to track ICA’s investments made to companies, including loans, notes, equity investments, repayments, and related activity.

• Review portfolio-related support schedules and ensure activity ties to accounting records.

• Identify discrepancies, delayed repayments, missing information, unusual activity, or accounting treatment questions.

• Prepare and review support for loan loss reserves and equity investment impairments.

PRI/Debt Covenant, Audit & External Reporting Support

• Own or review covenant tracking schedules related to ICA’s PRI loans, EQ2, debt, and other capital received.

• Maintain reporting calendars, covenant calculations, supporting schedules, and documentation.

• Lead preparation of audit schedules and support annual audit and Single Audit requests.

• Escalate potential covenant issues, audit concerns, documentation gaps, or matters requiring CFO judgment.

Systems, Process Improvement & Continuous Improvement

• Maintain and strengthen finance systems, schedules, documentation, and recurring workflows.

• Identify recurring errors, process gaps, or inefficiencies and recommend improvements.

• Develop and document repeatable finance procedures that reduce reliance on CFO-level detailed review.

• Use AI and other approved tools, where appropriate, to improve efficiency while maintaining strong verification and accuracy standards.

Success in this Role

A key measure of success for this role is ensuring that ICA's records are accurate, reconciliations and schedules are completed on time, financial reports require less CFO-level correction, audit and compliance support is well-organized, and key issues are identified early. By elevating standard reviews, documentation protocols, and financial reporting precision, the Accounting Manager will foster greater trust and day-to-day rigor across the finance function.

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Expirationdate

2026-10-14 00:00:00

Url

https://impactopportunity.org/job/9241/accounting-manager/

Remote

hybrid

Salaryfrom

125000

Salaryto

150000

Companydescription

About ICA Fund—Not Business as Usual
ICA’s mission: Accelerate great businesses through mentorship and mission-aligned investments to catalyze value in missed markets and transform communities. Our tailored accelerator programs combine hands-on advising, business education, and access to capital. As an Investment Associate, you’ll play a pivotal role in driving our investment process with rigor, innovation, and impact.

Companywebsite

https://www.ica.fund/

Companylocation

Oakland, CA, USA