Commonlit4d ago

New

$100,000 – $120,000/yr

Controller

Remotemid

Finance & AccountingController

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Overview

Overview of CommonLit CommonLit is a nonprofit education technology organization dedicated to ensuring that all students, especially students in Title I schools, graduate with the reading, writing,

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Finance & AccountingController

CommonLit is a nonprofit education technology organization dedicated to ensuring that all students, especially students in Title I schools, graduate with the reading, writing, communication, and problem-solving skills they need to be successful in college and beyond. We envision a world where all students get the opportunity to have a world class education. We operate an online reading program for grades 3-12, www.CommonLit.org, that is used by teachers in over 90,000 American schools.

CommonLit's finance team manages all financial and accounting operations across our ~$20M organization. As we scale a fast-growing SaaS operating model, the finance team plays a critical role in pursuing a double bottom line – building financial stability while expanding mission-driven impact. As Controller, you will lead the day-to-day accounting operations for CommonLit — running the month-end close, executing treasury operations, and supporting compliance — while managing two direct reports (the Finance & Accounting Coordinator and Accounts Receivable Coordinator). You will report to and work closely with the VP of Finance and Accounting, who owns cash strategy, banking relationships, audit and insurance oversight, and the organization's broader financial strategy.

This role is well suited to an experienced accounting professional who wants to apply strong technical skills and hands-on people management within a growing, mission-driven organization. You will own execution of the accounting function day-to-day, while partnering with the VP of Finance and Accounting on more strategic financial matters.

In the first 90 days in the role, you will be responsible for an accurate month-end close with an eye toward improving timeline and efficiency, and will begin building strong working relationships with your direct reports and cross-functional partners.

Own the month-end close process with a target of <10 business days, including balance sheet reconciliations, variance analysis, and financial statement preparation

Oversee net asset and fund accounting, and ensure accurate revenue recognition across complex revenue streams including SaaS subscriptions, professional services, grants, and print operations

Maintain the chart of accounts and functional expense allocation

Direct all general ledger management with accountability for accuracy, completeness, and compliance with GAAP

Maintain financial systems, including Sage Intacct and related integrations

Execute day-to-day treasury operations, including bank transfers and daily cash positioning

Oversee payroll and benefits direct debit processes

Maintain positive pay and fraud-prevention controls

Partner with the VP of Finance on cash flow forecasting, banking relationships, investment decisions, and debt management

Oversee comprehensive tax compliance including state registrations, sales & use taxes, and employment taxes, and coordination with payroll vendors across 30+ states, day-to-day work performed by the Finance & Accounting Coordinator

Lead annual audit coordination including PBC management, auditor relations, testing support and preparation of Form 990 supporting documentation

Monitor debt covenant compliance

Support grants management and donor reporting compliance

Oversee vendor management including 1099 processing and AP/AR system administration

Maintain day-to-day operational internal controls, partnering with the VP of Finance on control design and policy appropriate for the organization's size and complexity

Serve as primary reviewer of Finance team work, including journal entries, reconciliations, and AP/AR processes

Provide regular coaching, feedback, and professional development support

Foster a collaborative culture aligned with CommonLit's SLAY values

Draft monthly financial reporting packages and ad hoc reports for the VP of Finance

Support the annual budget process, including cost-center budgeting and variance analysis

Support system implementations, such as a potential Salesforce-Intacct integration and sales tax automation, in partnership with the VP of Finance

Handle procurement, including RFPs, purchase orders, and contracting

Bachelor's degree in accounting or finance; CPA desirable

5+ years of progressive accounting experience, including a minimum of 3 years in a management or supervisory role

Nonprofit accounting experience preferred (grant compliance, restricted funds, audit support)

Experience with multiple revenue streams, such as SaaS, professional services, or manufacturing cost accounting; edtech, online publishing, or software industry experience a plus

Experience with Sage Intacct or a comparable ERP system preferred

Excellent time-management skills

Strong interpersonal and problem-solving skills

Strong communication and collaboration skills

This role involves prolonged periods in a stationary position at a desk and working on a computer

Must be US-based

Must be available to work from 9AM-5 PM Eastern Time

What We Offer

~2 min read

Salary: $100,000 - $120,000 annually, commensurate with experience

At CommonLit, we are committed to fostering a supportive and inclusive company culture that values work-life balance and adapts to life's changes. We offer a comprehensive benefits package designed to support our employees' health, well-being, and financial security:

✓Health, dental, and vision insurance

✓HSA and FSA Plans, including Medical FSA, Limited FSA, and Dependent Care FSA options

✓Company-sponsored basic life insurance, with additional options for supplemental life insurance

✓Legal insurance

✓401(k) retirement plan with a 4% safe harbor employer match

✓Access to exclusive discounts, including pet insurance, hotel booking discounts, and more

✓Remote work support, including a home office set-up stipend

✓16 paid holidays annually

✓Paid time off accruals and sick leave

✓Paid family leave, including caregiver leave, medical leave, and 12 weeks of paid parental leave

✓2 floating holidays

✓Volunteer and school visitation leave