ICA Fund: Accounting Manager
ICA Fund is seeking an Accounting Manager to play a crucial role in its finance team, reporting directly to the CFO. This position involves overseeing day-to-day accounting operations, managing month-end close processes, financial reporting, and grant accounting, along with providing support for portfolio/investment finance and tracking PRI/debt covenants. The ideal candidate should be a proactive self-starter with strong technical skills, attention to detail, and excellent organizational abilities, working independently while applying critical thinking to enhance financial processes and ensure the accuracy of financial information for CFO approval. Success in this role includes taking on the first line of review for routine accounting tasks such as reconciliations and audit support, while ensuring ICA’s financial records remain accurate, timely, and fully supported to meet the expectations of leadership, funders, lenders, auditors, and the Board.
About ICA Fund:
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.
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.
Qualifications
Essential
7+ years of progressive accounting or finance experience, including at least 4 years in nonprofit accounting, grant accounting, or similarly complex accounting environment, with hands-on responsibility for month-end close, reconciliations, financial reporting, audit support, and internal controls.
Experience overseeing accounting work, managing close processes, and providing day-to-day direction and technical guidance to accounting staff.
Strong technical accounting skills, including journal entries, balance sheet reconciliations, financial statement preparation, and audit support.
Experience preparing, analyzing, and verifying financial reporting packages, budget-to-actual reports, dashboards, and variance explanations.
Demonstrated knowledge of restricted net assets, releases from restriction, grant compliance, fund accounting, and other complex nonprofit accounting areas.
Demonstrated ability to identify errors, investigate variances, resolve discrepancies, strengthen support documentation, and improve recurring accounting processes.
Strong judgment and ability to evaluate how accounting issues affect audit, funders, lenders, portfolio reporting, covenant compliance, and leadership decisions.
Ability to lead finance workflows, set priorities, manage deadlines, and ensure the quality, accuracy, and completeness of work performed by accounting staff.
Ability to interpret financial information, communicate issues clearly, escalate concerns appropriately, and provide concise, well-supported recommendations to the CFO.
Comfort operating in a small, evolving finance function with increasing complexity and competing deadlines.
Preferred
Experience with CDFIs, nonprofit lenders, impact investing organizations, community development financial institutions, or organizations managing loan and equity portfolios.
Experience with Single Audit requirements, federal award compliance and tracking, or similarly high-scrutiny audit and compliance environments.
Experience with loan accounting, portfolio tracking, loan loss reserves, equity impairments, covenant reporting, or lender compliance reporting.
Experience preparing or supporting Form 990 preparation, CDFI certification, lender reporting, or funder compliance reporting.
Experience managing financial reporting and compliance requirements across multiple grants, lenders, funding sources, or legal entities.
Experience using QuickBooks, Ramp, Rippling, or similar finance systems.
Interest in using technology and AI-assisted workflows to improve finance processes while maintaining appropriate controls, professional judgement, and verification procedures.
Compensation
Salary: The annual base salary range for this full time position is $125,000 – $150,000, dependent upon background and experience. Compensation also includes a discretionary bonus paid annually based on organization and individual performance.
Benefits: ICA’s full benefits package includes: 13 paid holidays per year; 3 weeks of annual paid vacation; 10 days of annual paid sick leave; at least 3 employer-identified mental health days; employer-paid health, dental, vision, life insurance and disability benefits; 50% employer-paid dependent health, dental, vision; employer-paid mental health counseling; 24-hour online virtual healthcare; 401(k) plan with matching; and mobile phone / Internet reimbursement.
To Apply
People are key to our success, and we’d like to get to know you. Depending on your progress through our hiring process, you may go through the following steps: A round or two of interviews; review of work samples; completion of an exercise or case study; and reference-checking of previous supervisors and colleagues.
Please skip the "Apply" button below — our system is undergoing a little update, and clicking it won't submit your materials. Please submit a resume and a brief cover letter (combined into one PDF or Word document) by August 25, 2026 to: icajobs@ica.fund.
