Position: Accounting Manager
Supervisor: CFO/Executive Leadership Team
Our Organization
The New Mexico Community Development Loan Fund (dba the Loan Fund) is a nonprofit community lender providing loans and lines of credit to small businesses, business startups, and nonprofits throughout New Mexico that typically are unable to obtain financing through traditional lending sources. The Loan Fund also provides clients with consulting and training services. The Loan Fund is one of 11 U.S. Treasury Department-certified Community Development Financial Institutions (CDFI) in New Mexico.
The Loan Fund was founded by the New Mexico Conference of Churches (along with the Storehouse, Samaritan Counseling Services, Habitat for Humanity, Encino Houses, and Second Harvest), under the guidance of a special task force created in 1987 to address the state’s systemic problem of poverty. At the time, New Mexico was number one nationally in poverty, and today the state is number three. The task force concluded entrepreneurship and self-employment opportunities were vital to New Mexico, and increasing access to affordable business loans in underserved and low and moderate-income communities would be a viable economic development tool to combat poverty.
The Loan Fund was officially incorporated in 1989. The organization made its first six loans in 1990, and four of those businesses are still in operation today. Over the last 37 years, The Loan Fund has made over $138 million in loans to New Mexico’s financially underserved small businesses, entrepreneurs and nonprofits, which have helped create or preserve over 13,000 jobs across the state.
Our Mission
We provide loans and assistance to improve the economic and social conditions of New Mexicans. But if you ask us why we do it? It’s because we believe every neighbor deserves the chance to plant roots, nurture a vision, and grow something lasting—right here in the high desert we all call home.
At The Loan Fund, we show up for entrepreneurs, nonprofits, and everyday visionaries who are often overlooked by traditional banks. We offer more than money, we offer mentorship, tools, and a steady hand when the road gets bumpy.
We’re not just here for your business plan; we’re here for your why.
Our Vision
A New Mexico where dreams are not deferred by zip code, credit score, or circumstance. We envision a future where:
• A food truck in the South Valley becomes a cultural landmark.
• A rural nonprofit brings clean energy to its Pueblo.
• A single mom turns her kitchen hustle into generational wealth.
In the future, local businesses reflect the richness of our culture. Capital flows to those with heart and hustle- not just those with assets and access. And communities thrive because they are empowered from within. We believe economic justice is social justice. And we’re not just funding businesses, we’re fueling legacies.
Position Summary
The Accounting Manager (AM) will play an integral role in managing and strengthening the accounting processes, functions and financial operations of The Loan Fund. The AM will provide staff, Board members, external clients, institutions and regulatory organizations with up-to-date financial information on the status of fund accounting, loans, grants, and other financial matters pertinent to the success of The Loan Fund and its mission.
Primary functions include assisting with various financial reports and special projects as needed. The qualified candidate will have a strong work ethic and be an energetic self-starter. This role will be responsible for all general accounting functions.
The Accounting Manager will report directly to the Chief Financial Officer and lead a team of two or more as we experience growth.
Specific Responsibilities:
• Ensure high-quality invoicing and collection procedures that comply with organizational procedures.
• Provide accounting assistance when needed throughout the organization
• Assist Chief Financial Officer with other ad-hoc analyses and reporting
Accounting Oversight
• Prepare year-end closing entries; Annual audit and 1099 filings; serve as liaison independent auditors to produce an annual financial audit report.
• Lead and process bi-monthly payroll, monthly, quarterly and annual payroll tax reporting.
• Perform month-end and year-end close maintaining the general ledger; journal entries, reconciliations and variance analysis.
• Process all accounts payable, support accounts receivable as needed.
• Recommend updates to accounting policies, procedures, document processes and software
Financial Leadership
• Develop and track annual income and expenditure budgets.
• Prepare monthly, quarterly, and annual financial statements and reports for senior management, the Board, and external organizations.
• Manage restricted and unrestricted funding.
• Manage SBA reimbursable grant.
• Identify discrepancies, conduct research, and confer with program managers to resolve problems. Participate in the Financial Review Committee composed of the Board, staff, and community members.
• Responsible for the Loan Portfolio, including processing payments, billing, credit reporting, and the loan loss reserve.
• As a supervisor, provide support, training, coaching, corrective action, and evaluation to the accounting staff.
• Conduct other tasks assigned by the supervisor.
Essential Qualifications
• Bachelor’s degree in accounting; 3-6 years’ accounting experience in a nonprofit or financial organization is required.
• Knowledge of GAAP; methodology, prudence, and consistency
• Technical Proficiencies: QuickBooks, Microsoft Word, PowerPoint, Outlook; Advanced Excel skills and Cloud-based software
• Demonstrated ability to organize and manage competing priorities; exceptional analytical, problem solving, written and organizational skills and attention to detail
• Ability to work and interact with colleagues throughout the organization
• Proven track record in producing meaningful reports and analytics
• Detail orientated with ability to consistently meet deadlines
• Ability to take initiative and drive accounting operations
• Demonstrated can-do attitude; ability to strive and meet deadlines; maintains a positive work attitude, communicates in a manner conducive to good interpersonal relations, (e.g., helpful, courteous, pleasant) with staff at all levels
• Passion for the work of The New Mexico Community Development Loan Fund.
Benefits and Compensation
The starting salary range for this role is $75,000. We offer the following benefits:
• 100% monthly premium paid for Health, dental, and vision insurance.
• 3% company match retirement plan contributions.
• Life insurance.
• 22 days paid time off a year the 1st three years.
• FMLA.
• One personal day per year in addition to 12 paid holidays.
• Paid bereavement leave.
• Paid emergency leave.
• Flexible hours and flexibility to work remotely as needed.
• Cell phone usage reimbursement.
• Satisfactory completion of criminal, professional and career reference check is required.
Send interest letter and resume below. Call (505) 492-2588 or email gro.dnufnaol@tnemtiurcer for questions.