at Versant Power in Bangor, Maine, United States
Job Description
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 Supervisor, Accounting plays a critical role in supporting the integrity and accuracy of the organization’s financial operations. This position oversees a team of accountants and is responsible for ensuring timely and accurate financial reporting, including quarterly and annual financial statements in accordance with Generally Accepted Accounting Principles (GAAP). The Supervisor also serves as a key backup to core accounting functions, including general ledger, capital, and regulatory accounting. This role requires strong leadership, technical accounting skills, and the ability to manage complex reconciliations, resolve accounting issues, and lead special projects.
JOB RESPONSIBILITIES
Team Leadership and Supervision
- Supervises, mentors, and develops a team of accountants, providing guidance, performance feedback, and professional development opportunities.
- Oversees daily work assignments, ensuring deadlines are met and work is completed accurately and efficiently.
- Fosters a collaborative and accountable team environment focused on continuous improvement and high-quality financial reporting.
- Coordinates cross-training and ensures adequate coverage for all key accounting functions.
Cross-Functional Accounting Support
- Serves as a backup for various accounting functions, including general ledger, capital, and regulatory activities.
- Provides coverage during staff absences or peak periods to ensure continuity of operations and timely completion of accounting tasks.
- Maintains a broad understanding of all accounting processes and systems to provide effective support across the department.
- Performs complex account reconciliations, identifies and resolves discrepancies, and recommends and implements process improvements to enhance accuracy and efficiency.
Financial Reporting
- Prepares quarterly and annual GAAP financial statements, ensuring accuracy, completeness, and compliance with applicable accounting standards.
- Supports internal and external audits by preparing schedules, responding to inquiries, and ensuring documentation is complete and accurate.
- Assists in maintaining compliance with regulatory requirements and internal control frameworks.
Complex Reconciliations and Analysis
- Conducts comprehensive transactional reviews to investigate and resolve discrepancies at the account level, ensuring accuracy and compliance with financial standards.
- Performs detailed root cause analyses of account irregularities, identifying underlying issues, and recommending effective corrective actions.
- Leverages financial systems and analytical tools to trace transactions, ensuring completeness, accuracy, and alignment with audit and internal control requirements.
Accounting Research and Policy Development
- Conducts technical accounting research to evaluate the impact of new or revised accounting standards and regulatory requirements.
- Participates in updates to accounting policies and procedures to ensure compliance with GAAP, Federal Energy Regulatory Commission (FERC), and internal controls.
- Provides guidance to the accounting team and other departments on the application of accounting standards and best practices.
- Educates business partners on financial processes, policies, and procedures to promote compliance and financial literacy across the Company.
