Director, Accounting & Disbursements

VEIC•Winooski, VT

1d•$150,000 - $160,000

About The Position

The Director, Accounting & Disbursements directs and manages recordkeeping and disbursement processes for VEIC, its subsidiaries, and the Vermont EEU Funds, including the general ledger, payroll, accounts payable, treasury, and asset management. The role is accountable for producing timely and accurate monthly financial statements and leading annual audits and tax return filings. It represents VEIC in dealings with state and federal government personnel, auditors, banking and investment institutions, and other external partners, and contributes to the development and implementation of financial strategy and organizational financial goals. The Director ensures effective internal financial controls; oversees implementation of applicable Federal Office of Management and Budget rules, regulations, cost principles, and audit requirements; and ensures general ledger activities comply with GAAP. The role maintains current policies, procedures, and documentation and supports the CFO and Senior Leadership Team with accounting guidance and financial strategy. It is a key member of the Finance Leadership team. The position leads accounting and disbursement operations, strategic finance support, external partnerships, and staff development. It oversees accounting processes and compliance, audits and tax preparation, internal controls, accounting standards and process implementation, and quality improvement. In partnership with the CFO and other leaders, it supports margin and capital strategy, financial KPI monitoring, cost-pool benchmarking, indirect cost rate agreements, and fiscal-agent responsibilities for the Vermont EEU and RGGI Funds. It manages assigned direct reports and may present financial matters to the Board of Directors’ Finance & Audit Committee as requested by the CFO. The position primarily involves desk-based work with extensive collaboration and communication. VEIC provides ergonomic assessments and appropriate accommodation if needed and encourages movement breaks and flexible work arrangements. No regular travel is required; occasional attendance at VEIC events or meetings, typically zero to two times per year, may be required, with virtual participation often available. Employment is contingent on a successful background check, which may include employment and education verification and a credit history review where permitted and relevant. VEIC positions are subject to criminal background checks.

Requirements

Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
At least 10 years of progressive experience in accounting, finance, or financial operations, including at least 5 years in a leadership role.
Experience leading accounting operations, including accounts payable, disbursements, cash management, general ledger, financial reporting, audit support, and internal controls.
Experience managing financial operations in a complex or multi-entity environment.
Experience with ERP systems, financial reporting tools, process improvement initiatives, and system implementations or optimization.
Experience working with external auditors, banking partners, regulators, and other key stakeholders.
Advanced knowledge of accounting principles, financial reporting, internal controls, audit practices, tax reporting requirements, and applicable regulatory compliance standards.
Strong understanding of payment processing, fraud prevention, financial systems, data analytics, and cash management practices.
Ability to analyze complex financial data and translate insights into actionable business recommendations.
Leadership, coaching, and team development skills, including the ability to drive accountability and continuous improvement.
Strong project management, organizational, problem-solving, and decision-making abilities.
Ability to manage multiple priorities and deadlines in a fast-paced environment.
Excellent written and verbal communication skills, including the ability to present financial information to diverse audiences.
Ability to build collaborative relationships across departments and with external stakeholders.
Sound judgment, discretion, and commitment to maintaining confidentiality.
Successful completion of applicable background checks; these may include employment and education verification and a credit history review where permitted by law and relevant to the role. All VEIC positions are subject to criminal background checks.

Nice To Haves

MBA, a master’s degree, and/or CPA designation.
Experience in a nonprofit or similarly regulated environment.

Responsibilities

Direct and manage accounting and disbursement functions for VEIC, its subsidiaries, and the Vermont EEU Funds, including general ledger, treasury, tax, audits, and disbursements.
Ensure timely and accurate monthly financial statements and lead annual audits, tax preparation, filings, and responses.
Ensure accounting procedures, documentation, and general ledger activities comply with GAAP, OMB Uniform Guidance, and organizational and contractual requirements.
Oversee the design, compliance, and effectiveness of internal controls related to the general ledger, payroll, and accounts payable.
Lead implementation of accounting standards and processes related to recordkeeping and disbursements.
Manage quality control and continuous improvement for finance and accounting functions; stay current on emerging issues affecting the business and its processes.
Partner with the CFO and Senior Leadership Team on margin and capital strategy and the effective use of VEIC assets.
Partner with the CFO and Financial Planning & Analysis Manager to provide financial information for monitoring organizational financial KPIs and strategic-plan execution.
Review and benchmark discretionary cost pools to support VEIC’s cost competitiveness.
Serve as a primary partner and communicator with banking and investment institutions, auditors, and tax preparers, and oversee external reporting requirements.
Work with the CFO on Negotiated Indirect Cost Rate Agreements with VEIC’s Federal Cognizant Agent.
Represent VEIC internally and externally as Fiscal Agent of the Vermont EEU and RGGI Funds.
Lead and manage assigned direct reports, including providing feedback, identifying and coordinating training, supporting skills development, and setting professional development and team goals.
Govern VEIC’s indirect cost allowability evaluation and communicate with divisional leaders about OMB requirements.
Present financial matters to the Finance & Audit Committee of the Board of Directors as requested by the CFO.
Perform other duties as assigned.