Lead, Accounting

Versant Power • Bangor, ME • 17h ago

This job was posted by https://joblink.maine.gov : For more information, please see: https://joblink.maine.gov/jobs/1248279

Be a part of the team that is transforming the power industry of northern and eastern Maine.

Versant Power is building on our 100-year history of delivering efficient, safe, and reliable electricity service to customers in northern and eastern Maine. We never lose sight of safety, quality, integrity, and innovation.

We are committed to our dedicated people, who inspire us every day to deliver something more powerful than power alone.

POSITION OVERVIEW

The Lead, Accounting plays a critical role in driving operational excellence across key accounting functions, including cash management, accounts payable, and payroll. This position serves as a subject matter expert and strategic partner, ensuring accuracy, compliance, and efficiency in financial processes. The Lead collaborates closely with internal teams and external partners to support regulatory reporting, cost tracking, and event-specific financial analysis.

JOB RESPONSIBILITIES

Team Collaboration and Leadership

Acts as a lead resource and mentor within the accounting operations

team, supporting training and knowledge sharing.

Coordinates daily work priorities and collaborates with team members

to ensure timely and accurate completion of tasks.

Promotes a culture of accountability, continuous improvement, and

operational excellence.

Facilitates cross-training and knowledge sharing to build

operational flexibility.

Accounts Payable and Cash Management

Leads the execution and continuous improvement of accounts payable

operations, supporting the processing of approximately 28,000 invoices and \$370 million in annual payments.

Reviews and validates cash disbursements, ensuring alignment with

internal controls and compliance standards.

Manages the abandoned property process in accordance with state and

regulatory requirements.

Reviews weekly payment batches, including voids and cancellations,

to ensure accuracy and policy adherence.

Maintains and enhances payment templates and banking protocols to

support secure and efficient disbursement processes.

Performs and analyzes bank reconciliations to ensure the integrity

of financial records.

Recommends and implements enhancements to payment and procurement

procedures to drive efficiency and strengthen internal controls.

Payroll Oversight

Provides leadership and oversight for weekly payroll processing for

approximately 550 employees, totaling \$55M annually.

Ensures confidentiality and compliance with payroll policies and

labor agreements.

Serves as a key liaison between Payroll, Human Resources, and

business units, offering expertise on time entry, payroll inquiries, and issue resolution.

Maintains a strong understanding of the companys Bargaining

Agreement and its implications for payroll operations.

Operational and Regulatory Support

Leads the tracking and financial review of internal and mutual aid

storm event costs, including invoicing where applicable.

Supports regulatory filings and compliance with accounting orders

through data collection, analysis, and report preparation.

Partners with business units to promote financial literacy and

adherence to accounting policies and procedures.

Contributes to special projects and performs ad hoc financial and

administrative tasks in support of departmental goals.

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