Director, Accounting & Disbursements

The Director, Accounting & Disbursements, has a strong presence representing VEIC both internally and externally. They direct and manage all recordkeeping and disbursement processes for VEIC, its subsidiaries, and the Vermont EEU Funds, including the general ledger, payroll, accounts payable, treasury, and asset management functions. The Director, Accounting & Disbursements, is responsible for the production of timely and accurate financial statements each month and serves as the lead on annual audits and tax return filings. The Director, Accounting & Disbursements plays a meaningful role in representing VEIC externally through partnerships with state and federal government personnel, auditors, and banking and investment institutions. They contribute to the development and implementation of VEIC’s financial strategy and VEIC’s organizational strategic goals related to finances. 

The Director, Accounting & Disbursements ensures that appropriate internal financial control procedures are in place and operational respectively to their areas of responsibility. They oversee VEIC’s implementation of the Federal Office of Management and Budget (OMB) rules, regulations, cost principles and audit requirements, as detailed in applicable OMB Circulars. They ensure all general ledger activities for VEIC, and subsidiaries are in accordance with GAAP, and that governing policies, procedures and documentation are up to date, properly communicated and organizationally enforced.  

The Director, Accounting & Disbursements, acts as a resource to the CFO, and to the Senior Leadership Team, and provides accounting guidance and financial strategy to accommodate corporate objectives. They are a key member of the Finance Leadership team. 

 

•    Overall accountability for Accounting & Disbursement functions withint he Finance team and Risk Mitigation 
•    Oversee all accounting and disbursement transactional processes for VEIC, its subsidiaries, and the Vermont EEU Funds.             This includes Recordkeeping (General Ledger), Treasury, Tax, Internal and External Audit, and Disbursements. 
•    Ensure that the organization’s accounting procedures and documentation comply with GAAP and OMB Uniform Guidance. 
•    Ensure all accounting and general ledger activities are compliant with organizational and contractual standards and                     mandates. 
•    Lead interface with auditors, directs all audit and tax preparation and response activity. 
•    Oversee the design, compliance, and effectiveness of internal controls related to the General Ledger, Payroll, and                        Accounts Payable.  
•    Stay current on emerging issues and their impact on the business and processes. 
•    Lead implementation of new accounting standards and processes related to recordkeeping and disbursements. 
•    Manage quality control and continuous improvement processes for finance and accounting functions. 
•    Strategic Finance 
•    Partner with CFO and Senior Leadership Team to develop and advise on VEIC’s margin and capital strategy to ensure                    VEIC’s assets are put to the most advantageous use possible. 
•    Partner with the CFO and Financial Planning & Analysis Manager to provide the organization with the financial information        needed to determine if we are achieving organizational financial KPIs and successfully implementing the strategic plan.   
•    Perform periodic review and benchmarking of discretionary cost pools (indirect, non-recoverable, certain divisional pools)        to ensure VEIC is cost competitive.  
•    External Partnership 
•    Serve as primary communicator and partner with banking and investment institutions, auditors, and tax preparers and              responsible for any external reporting requirements.  
•    Work closely with the CFO on Negotiated Indirect Cost Rate Agreements with VEIC’s Federal Cognizant Agent. 
•    Serve as primary external and internal representative of VEIC as Fiscal Agent of the Vermont EEU and RGGI Funds.  
•    Internal Leadership 
•    Provide leadership and management for assigned direct reports for both daily activities and long-term professional                    development. This includes activities such as: 
•    Providing real-time constructive feedback on an ongoing basis. 
•    Assessing individual training needs and coordinating training as needed. 
•    Helping team members develop interpersonal, administrative, and technical skills. 
•    Helping employees set individual professional development and team goals to maximize the performance, efficiency and          work quality of the team. 
•    Govern VEIC’s indirect cost allowability evaluation and communication with divisional leaders to ensure wide-spread                  understanding around OMB requirements. 
•    Present on financial matters to the Finance & Audit Committee of the Board of Directors as requested by the CFO. 
•    Other duties as assigned.  

•    Bachelor's degree in Accounting, Finance, Business Administration, or a related field required; MBA, Master's degree,                and/or CPA designation preferred. 
•    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. 
•    Experience in a nonprofit or similarly regulated environment preferred.
•    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. 
•    Demonstrated ability to analyze complex financial data and translate insights into actionable business recommendations. 
•    Proven leadership, coaching, and team development skills, with 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. 
•    Proven ability to build collaborative relationships across departments and with external stakeholders. 
•    Sound judgment, discretion, and commitment to maintaining confidentiality.
•    Employment in this position is contingent upon the successful completion of a background check, which may include,                employment verification, education verification, and a credit history review, where permitted by applicable law and                      relevant to the responsibilities of the position.
•    All positions at VEIC are subject to criminal background checks. This screening is conducted in compliance with applicable        laws and is a standard part of our hiring process to ensure the safety and security of our employees, clients, and                          contractual obligations.

This position primarily involves desk-based work with extensive collaboration and communication responsibilities. Physical requirements include: 

•    Ability to remain stationary at a workstation for extended periods (typically 6-8 hours per day with regular breaks) 
•    Regular use of computer, keyboard, mouse, and telephone/headset requiring fine motor skills and repetitive hand/wrist                  movements 
•    Visual acuity to view digital screens, documents, and presentations for prolonged periods 
•    Verbal communication abilities are sufficient for clear articulation during in-person and virtual meetings, presentations, and            discussions 
•    Auditory capabilities to participate effectively in conversations, conference calls, and virtual collaboration sessions 
•    Cognitive focus for simultaneous management of multiple communication streams, projects, and stakeholder relationships 
•    Occasional movement between meeting spaces, collaboration areas, and individual workstations 
•    Minimal lifting requirements (typically under 15 pounds) for office supplies, equipment, or materials 
      VEIC provides ergonomic assessments and appropriate accommodation to support team members in this collaborative                      environment, if needed. Our commitment to wellness includes encouraging regular movement breaks and supporting flexible          work arrangements that promote sustainable productivity aligned with our core values.