Assistant controller Jobs in Cambridge, MA

Controller

Commonwealth Corporation is a quasi-public workforce development agency that strengthens the skills of Massachusetts youth and adults by investing in innovative partnerships with industry, education and workforce organizations.

The Controller serves as a key leader within the Finance Department, overseeing the organization's accounting operations, financial reporting, compliance, and internal controls. Reporting to the Vice President of Finance, the Controller is responsible for the integrity and accuracy of financial statements, ensuring adherence to generally accepted accounting principles (GAAP), and supporting the organization's mission through sound financial management and operational excellence. This position provides strategic direction and hands-on leadership for the accounting team, managing all general ledger activities, audits, and system implementations. The Controller partners closely with senior leadership, program managers, and external auditors to deliver timely, transparent, and actionable financial information that supports decision-making and long-term sustainability.

Reports to: Vice President of Finance

Classification: Full-Time, Exempt

Work hours: 40 hours per week - Hybrid

Starting Salary: $105,000- $130,000- (Employer contributes 13.2% of gross salary to a 401(a)-employee retirement plan. (Vested 100% on day 1 of hire)

Key Job Duties and Responsibilities Include:

• Financial Management & Reporting
• Oversee all aspects of general ledger accounting, including revenue recognition, accounts payable, payroll, and reconciliations.
• Manage and ensure accuracy and timeliness of month-end and year-end closing processes.
• Support the preparation of financial reports for management, the Board of Directors, and Finance Committee.
• Maintain the accuracy, hierarchy, and scalability of the chart of accounts and general ledger.
• Audit & Compliance
• Manage annual independent financial statement audit, including preparation of audit schedules, coordination with auditors, and resolution of findings.
• Oversee federal, state, and grant-related audits and monitoring.
• Ensure compliance with GAAP, federal and state funding requirements, and internal policies.
• Develop, implement, and monitor internal controls to safeguard assets and ensure financial integrity.
• Policy, Process, and Systems Improvement
• Develop and implement accounting policies, procedures, and operational strategies to improve efficiency and strengthen internal controls.
• Document accounting processes to ensure clarity, consistency, and compliance across the department.
• Recommend and implement improvements to accounting operations, internal controls, and compliance policies.
• Drive process automation and data accuracy to support organizational growth.
• Team Leadership & Development
• Supervise and mentor accounting staff, including the AP and Payroll Manager, GL Accountant, and Systems & AP Analyst.
• Foster a culture of accountability, collaboration, and continuous improvement.
• Provide training and guidance to program and departmental staff on financial policies and reporting.
• Grant and Fund Accounting
• Ensure accuracy in fund accounting and cost allocation across programs and departments.
• Strategic & Operational Partnership
• Collaborate with the VP of Finance and executive leadership to develop financial strategies and support organizational goals.
• Participate in strategic planning, financial modeling, and long-term sustainability initiatives.
• Serve as a key resource for financial insights to guide mission-driven decision-making.

Knowledge, Skills, and Competencies:

Required

• CPA or equivalent certification.
• Minimum of 7–10 years of progressive accounting experience, with at least 5 years in nonprofit accounting and audit management.
• Strong knowledge of GAAP and fund accounting principles.
• Proven experience managing audits (nonprofit or governmental).
• Proficiency in accounting software; experience with NetSuite, Quickbooks, or similar platforms.
• Advanced Microsoft Excel skills and familiarity with data reporting tools.
• Demonstrated ability to lead teams, manage multiple priorities, and deliver high-quality results under deadlines.
• Excellent analytical, organizational, communication, and interpersonal skills.
• Commitment to integrity, transparency, and supporting the mission of the organization.

Preferred

• Experience with Salesforce, Paycor, or other integrated financial systems.
• Background in grant management and federal or state funding compliance.

Personal Attributes

Strategic thinker with strong attention to detail and a hands-on approach. Collaborative and adaptable leader who thrives in a fast-paced, mission-driven environment. High ethical standards, discretion, and professionalism. Proactive problem-solver who embraces change and drives continuous improvement.

Benefits

Excellent benefits package, including medical insurance, HRA (Health Reimbursement Account) (Employer pays first 75% of participant deductible expenses); Dental insurance, vision, 13 paid holidays, 3 weeks accrued paid vacation per year, generous paid sick time, paid time off, Short-Term, Long-Term and AD&D Insurance, Life insurance up to 250k, Pre-tax parking and commuter benefits (debit card) and Health Flexible Spending Account (debit card). Eligible employer for the Public Service Loan Forgiveness Program (PSLF) Professional Development: Opportunities to work closely with leaders in early childhood policy and philanthropy, gain exposure to system-level strategy, and build a robust professional network.

EEOC statement Equal Employment Opportunity: Commonwealth Corporation is committed to building a culturally diverse workforce. We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. Research suggests that qualified women and Black & Indigenous POC may self-select out of opportunities if they don't meet 100% of the job requirements. We encourage individuals who believe they have the skills necessary to thrive at CommCorp to apply for this role. Commitment to Diversity, Equity, Inclusion, and Belonging As a leader in workforce development, CommCorp is committed to Diversity, Equity, Inclusion, and Belonging (DEIB). We strive to center DEIB in every facet of our work. This commitment requires us to identify and dismantle historical and existing barriers within systems, policies, and practices to create long-term economic opportunities and access for all. The successful candidate is required to complete CORI background checks.