July 23, 2018

A Different Bottom Line: Today’s Nonprofits Offer Challenging Work, Huge Employee Benefits

nonprofit accounting

The temptation to pursue a big ticket job at a publicly-traded company is one that dangles above many accountants like the fruit of Tantalus–forever enticing, but just out of reach. And for some, the desire to be America’s Next Top CFO acts more like the sword of Damocles, hanging perilously overhead and threatening to doom once-promising careers with over-ambition and presumption.

(We actually wanted to open this blog with some Norse mythology references in honor of the bizarrely awesome Thor: Ragnarok, but those names are really hard to spell.)

What we’re trying to get at here, in our obtusely metaphorical way, is that there are some private businesses out there that can provide just as much opportunity for growth and job satisfaction as their publicly-traded counterparts. You just have to know where to look.

Nonprofits don’t profit, but you can

And here’s one place you should definitely be looking: The nonprofit sector.

Nonprofits are big business these days. There are 1.9 million nonprofit organizations in the US–more than twice as many as there were roughly 30 years ago. Together they employ 13.5 million people and make up 5.5% of the country’s GDP.

Nonprofit executives earn anything from peanuts to salaries so obnoxious, their nut equivalent would be a 50-foot-tall mutant cashew.

So yeah, there’s money in the nonprofit sector–if you go to work at the right one.

A decidedly different kind of nonprofit

One great example of a nonprofit offering substantial rewards to its employees is BlueCross BlueShield of Tennessee (which happens to be hiring accountants, by the way.)

You read that right: BCBS of Tennessee is a nonprofit. Technically, it’s a taxpaying not-for-profit. See, BlueCross BlueShield allows the individual state companies that make up its massive network leeway in their structure. And some, like the Tennessee rendition, have chosen the nonprofit route.

As we said, nonprofits can be big business. BCBS of Tennessee brings in $7 billion in revenue annually. It employs approximately 5,000 people. And it’s the largest health benefit plan company in Tennessee.

Complex, rewarding work at a nonprofit accounting job

At a large nonprofit company like BCBS of Tennessee, you’ll get to work on big, complex projects. You’ll earn the sense of self worth that comes from operating in a challenging environment. All while knowing that you’re helping to improve the health of the people in your community.

Compare that to for-profit companies, where you’ll be spending most of your time improving the health of numbers. Last time we checked, numbers get by pretty well on their own.

It’s all about the benefits, baby

Some other benefits you’ll enjoy while working at BCBS of Tennessee include:

  • Insurance – health, dental, vision, life, short- and long-term disability, voluntary life, accident, long-term care, domestic partner benefits, health savings and flexible spending accounts
  • Professional development – online and classroom-based trainings and skill development, tuition reimbursement for college-level coursework, mentoring programs, leadership development
  • Performance and rewards – corporate incentive programs, employee discounts, credit union, casual day every Friday
  • Retirement – 401(k) and/or Roth 401(k) savings plan with matching funds and immediate vesting, company-funded retirement program, financial planning classes
  • Wellness – quarterly incentive program, health coaching, biometric screenings and personal health analysis, flu vaccines, member discounts, onsite fitness centers, onsite clinic and pharmacy (Chattanooga campus), tobacco-free facilities, employee assistance program
  • Work/life balance – paid time off and holidays, flex time, telecommuting

Don’t count out a nonprofit accounting job as a viable career path. You could be missing out on rewards and job satisfaction that only companies like BCBS of Tennessee can provide.

Apply for a job at BCBS of Tennessee now

If you are interested in a career with BlueCross BlueShield of Tennessee, click on one of the links below to apply for a specific job or submit your resume for future jobs here.

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Company: Morgan Stanley
Location: New York
Title: Associate/Manager
Description: Associate or Manager for our Legal Entity Accounting & Disclosure Group. Responsibilities will include gaining an understanding of the firm’s equity financing products, derivatives and securities lending business in order to assist in producing and analyzing many of the division’s financial accounting disclosures.
Skills Required: BS or BA in Finance and/or Accounting, CPA preferred; 3-5 years of experience in Public Accounting and/or financial services industry; Must have thorough understanding of FAS 133, FAS 140, FIN 46, FAS 157 and FAS 161 FASB pronouncements
See the full description at the GC Career Center and if this position doesn’t tickle your get your ass off the couch/ship-jumping bone, go to the main page and find your next temporary dream job.

Recruiting: Considering the Non-Big 4 Employers

BelushiCollege.jpgAs recruiting continues this week, we’ll put out the idea of opting to starting your career with a firm or company as opposed to starting at a Big 4 firm. Regardless of the Big 4’s dominance of the BW list, there are several smaller firms that make good offers and all businesses need number crunchers to track all the bloody money.
And this year, since many of the Big 4 don’t appear to be making as many offers, going with a national or regional firm or private company becomes a serious option for many recruits.
For the recruits out there, are you giving serious consideration to taking a position with a non-Big 4 firm? For the rest of you, is starting your career at a Big 4 the only way to go or can relative happiness and success be found elsewhere?
Discuss in the comments.