Staff Accountant

About One Million Degrees:

One Million Degreesaccelerates community college students progress on career pathways to economic mobility.

Over 60% of students who start community college do not complete a degree or successfully transfer to a four-year 84% of jobs in the US require skills training beyond high school. OMDs holistic support model is designed to support community college students as they work toward degrees and careers. From tutors and coaches to financialassistanceand professional development OMD helps community college students succeed in school work and life transforming their futures and the futures of those around them for generations.

The OMD student support model is rooted in evaluation and evidence: Arandomized controlled trialconducted with the University of Chicago Inclusive Economy Lab shows that OMD scholars are 70% more likely to enroll 94% more likely to persist 73% more likely to earn a degree.

Currently OMD serves scholars in all 7 of the City Colleges of Chicago (CCC) and is scaling to reach over 3000 community college scholars by 2026 through our unique partnership with addition to direct services OMD partners with employers across industries to build on-ramps to in-demand jobs through internships andapprenticeships andsupportsinstitutions nationwide to design and implement models of holistic student support.

Through this growing body of work OMD continues to have a profound impactinChicagoland while becoming a national model for sustainable scalable and systemic change.

OMD Values:

OMD is deeply committed to our core values asdemonstratedin the work we do our approach to change and growth and our commitment to our staff.

• Equity: We address historical and existing systemic inequities by takinga holistic approachto supporting students on their path to economic mobility.

• Excellence:We hold ourselves to a high bar and provide exceptional support so that students are empowered to achieve their ambitions.

• Community: We unite around putting students first collaborating with partners and celebrating our collective wins.

• Learning: We each adapt to a changing world and refine our approach to support students community members staff and stakeholders along the way.

• Amplify: We advocate for our students and share whatwevelearned as leaders in the field.

Position Summary:

TheStaffAccountantreports directly to theControllerand provides essential support to theFinance Departments daily roleassistswith routine accounting tasks monthly close activities and financial recordkeepingto ensureaccurateandtimelyfinancial reporting. The Staff Accountant plays a key role inmaintainingstrong internal controls supporting the DevelopmenttoFinance revenue pipeline and helping advance OMDs implementation of financial systems such as Ramp and Sage role is ideal for a detailoriented solutionsdriven accounting professional with nonprofit experience who thrives in a collaborativefastpaced hybridenvironment.

WhatYoullOwn:

Accounting & Financial Operations

Specific duties and responsibilities include but are not limited to:

• Assistwith monthend close activities including preparingjournal entries pulling reports and organizing support.

• Complete routine general ledger reconciliations for cash prepaid expenses deposits and otheraccounts.

• Supportrevenue accounting includingdaily creation of invoices reconciling Developmentfundraisingreports to Sage Intacctrevenue reports and ensuringtimelyrecording of allcashreceipts.

• Enter and classify cash receipts; ensure proper coding aligned with OMDs chart of accounts and funding structure.

• Support the full Accounts Payable (A/P) process by entering bills preparing payment batches routing approvals and processing reimbursements ensuring compliance with OMD policies and internal controls.

• Assistinexpensingemployeebenefits costs(health dental vision life insurance) includingallocatingthese coststo funding sourcesand departments.

• Assistin expensing payroll costs viajournals; oversee mapping of payrollcategories to Sage Intacct GL Accounts.

• As needed leadreclassesofjournalssuchasforasadjustments toGLaccountfunding sources and/ordepartment.

• Prepare and post journal entriesfollowinginternal documentation and control requirements.

• Maintainaccurateauditreadyfilesaligned with GAAP FASB and OMDs internal policies.

Grants Compliance & Reporting

• Helpmonitorrestricted and unrestricted grant expenditures in Sage Intacct.

• Maintainrequiredvendor compliancedocumentationincluding W9 andassistwith1099 tracking.

• Support audit preparation including schedules reconciliations documentation requests and testing samples.

• Performadditionalprojects and tasks assigned by the Controller in support of broader Finance initiatives.

Systems Process Improvement & Collaboration

• Assistwith the rollout and operational use of Ramp for expense management card controls and A/P automation.

• Support improvements to the DevelopmenttoFinance revenue recording process including reconciling opportunity reports and communicating discrepancies.

• Contribute to process documentation andongoingstrengthening ofinternal controls.

What Success Looks Like:

In this roleyoullbe successful if you:

• Consistently produceaccuratework and organized documentation.

• Createtimelyandaccuratejournalsand invoices for financial transactions

• Maintainstrong working relationships within Finance/Operationsand across teams especially Development.

• Askthoughtful questions and showinitiative in learning OMD processes.

• Demonstratereliability accountability anda commitmenttopunctualmonth-endclose.

• Contribute to a culture of collaborationandproblemsolving.

Qualifications and Requirements:

Education

• Bachelors degree in Accounting Finance ora relatedfield.

Experience and Skills

• 2years of accounting experience preferably in a nonprofit environment.

• Proficiencyin accounting software; Sage Intacct strongly preferred.

• Strong Excel skills including comfort withsmartformulas(SumifsVlookupetc) reconciliations and data analysis.

• Familiarity with grant accounting and fund tracking.

• Understanding ofGAAP FASB and nonprofit accounting standards.

Traits and Competencies

• Strong attention to detail and exceptional organizational skills.

• Demonstrates effective time management and reliably meets all deadlines

• Analytical mindset with the ability to interpret financial data andidentifytrends.

• Effective communicator able to translate financial concepts for nonFinance staff.

• Collaborative team player with a commitment to OMDs values of equity excellence community learning and amplification.

• Ability to manage multiple priorities in a dynamic fast-paced environment.

Compensation and Benefits for Full-time Employees:

• Salary $63500- $73000annually*

• Full Health Benefits Provided for all full-time employees including medical dental and vision. OMD pays 100% ofindividualsbasic monthly health premium and 80% dependent coverage.

• Employeeassistanceprogram which offers confidential emotional support work-life solutions legal guidance financial resources and more.

• Retirement Benefits For full-time employees OMD offers a 401(k) plan and matches retirement contributions up to 4% of total salary.

• Generous Paid Time Off Policy OMD has 12 paid holidays and offers up to15 daysPTO in year one; in addition to two weeks paid time off for winter break.

• Compensatory time forcertaindesignated duties performed outside of normal work hours**

• Monthly cell phone and internet reimbursement up to $50/month.

• 12 weeksof paid parental leave for birthing and non-birthingparents.

• Professional Learning Opportunities OMD supports employee development in areas relevant to professional and organizational Professional Development allowances are set as part of annual budgets and employees have opportunities to seekoccasionaladditionalsupporttosupplement their personal Professional Development allowance whenappropriate.

• Hybrid Work Schedule At least oneonsiteday requiredeachweek;weekly onsite requirements can vary by position and byother considerationswill beestablishedat managers discretion

* To allow OMD to set salaries based on market data and internal equityand to ensure fair and equal pay for every role we offer our best offer first.

**All employees are expected to work a set number of Saturdays and evening hours per year due to organizational-wide events.

One Million Degrees is an equal opportunity employer. We encourage applications from all individuals regardless of age gender race ethnicity religion or sexual orientation and evaluate all candidates based on merit.