Senior Accountant; CPA

Last Updated on October 17, 2025

About NYC Kids RISE

NYC Kids RISE is a nonprofit organization working with the City of New York and the NYC Department of Education to manage the Save for College Program (the Program). Through the Program, eligible students enrolled in an NYC public school (including participating charter schools), starting in kindergarten, automatically receive a free NYC Scholarship Account with an initial allocation of $100 by NYC Kids RISE on their behalf, invested in a NY 529 Direct Plan, and opportunities to receive additional rewards over time.

Their families can open and connect their own college savings account on their child’s behalf, and communities can contribute to groups of these NYC Scholarship Accounts as both a targeted and universal platform for community-driven asset-building in every neighborhood. This approach draws from a variety of best practices and disciplines across the fields of asset building, child savings accounts, financial empowerment, education, community wealth building, urban poverty, neighborhood effects and social capital research, collective impact, and more.

Read more about NYC Kids RISE and the Save for College Program and listen to stories from partners who helped build the platform during its pilot phase from 2017 to 2022. You can also view recent articles in the New York Times, Fast Company, the Wall Street Journal, and the NYCHA Journal; and read more about NYC Kids RISE theory of change in a report by the Urban Institute.

After a successful pilot phase in the communities of School District 30 in Queens, NYC Kids RISE Save for College Program expanded citywide during the  school year. This past  school year, more than 280,000 students participated in the Program, across more than 1,000 elementary schools, and have an NYC Scholarship Account for their educational futures.

Senior Accountant (CPA)

The Senior Accountant (CPA) owns the month-end close and day-to-day accounting, ensuring timely and accurate financial reporting, grant and restriction tracking, and audit-ready documentation. This role will support the buildout and maintenance of systems to support accurate and effective accounting for grant-funded operations across the organization. The role is hands-on with Quick Books and partners cross-functionally to produce on-time funder reports and management packs.

During a 60–90 day period, the SA will collaborate with a fractional external accountant for knowledge transfer, documentation, and backlog clean-up.

The Senior Accountant is a key member of the growing Finance team. This individual will play a critical role in supporting the future and success of NYC Kids RISE and the Save for College Program and will be ready for their next big challenge to make a lasting impact for all New York City kids across generations throughout the five boroughs.

• Ensure accurate and timely financial reporting across grant funded programs
• Maintain compliance with nonprofit accounting standards and funder requirements
• Strengthen financial systems and documentation to support scale and audit readiness

Primary Responsibilities - Senior Accountant (CPA)

• Own a BD10 close, maintaining a published close calendar and checklist.
• Prepare and post recurring and ad hoc journal entries: (e.g., accruals, prepaids, depreciation, payroll/benefits true-ups).
• Reconcile cash, bank, investment, and 529 accounts monthly; clear reconciling items within 30 days.

• Develop and maintain a system for grant allocations and restrictions, roll-forwards (beginning balance → activity → ending balance) and book monthly releases in accordance with ASC 958.
• Produce spend-by-funder schedules for Program/Development and support timely grant reporting.
• Produce monthly budget-to-actual financial reports at the organizational, account, and (by the end of month
  6) departmental level for the organization. Support the Director of Finance and Chief of Administration and Finance in coordinating and communicating about financial trends and results.
• Support modeling and documentation of functional expense allocations; post…