Staff Accountant - Operating

This position is responsible for various General Ledger journal entries, including labor and overhead, purchased power, and short and long-term debt. This position is also responsible for the preparation of monthly financial and statistical reports.

International Brotherhood of Electrical Workers (IBEW)

A3: $66,622.40 - $ Annually

Up to two (2) days remote/week

Please note, BED is looking to hire one Staff Accountant - Operating. Applications for Staff Accountant - Operating and Senior Staff Accountant - Operating will be considered to fill this opening.

• Manages all additions, edits, and presentation of accounting structure within the current accounting software modules.
• Ensures proper coding of accounts for accounting system report writing.
• Assures proper/protected interface with other accounting software modules, including BECs payroll, work order systems.
• Assures interface with all fund reporting, including McNeil (50%), Highgate, grant accounting, and others.
• Creates accounting system reports and/or spreadsheets as needed.
• Provides IT the General Ledger accounts and receivable code relationship to be used by BECS.
• Performs monthly analyses and reconciles applicable general ledger accounts
• Monitors the interfacing of sub-system software/transactions, including analyses and reconciliations of applicable general ledger accounts.
• Assists other employees with general ledger information, including but not limited to, running reports, financial inquiries, etc.
• Institutes and maintains appropriate internal controls in the General Ledger Accounting system in accordance with department procedures.

• Prepares monthly BED financial statement, including the monthly “blue book”.
• Prepares monthly statistical information report known as the “pink book”. Accounts for retail sales information, including but not limited to, billing summary, statistical information, such as, KWH sources & uses, cost/KWH, average revenue, etc.
• Executes all monthly BECS reports and revenue reports.
• Completes related reports, forms, and surveys, including but not limited to, VDPS Small Electric Company Annual Report, Department of Energy’s EIA-412, EIA-861 and EIA-826, Vermont Energy Efficiency Utility Reports, etc.
• Ensures general and subsidiary accounting functions are performed in a timely and accurate manner and in accordance with Generally Accepted Accounting Principles (GAAP), Federal Energy Regulatory Commission (FERC), and Government Accounting Standards Board (GASB).
• Directs and coordinates the annual financial audit including scheduling, preparation of schedules, and assures reports are completed in a timely manner.
• Key provider of audit support work with the preparation of audited financial statements (BS, IS, Cash Flow, draft notes to the financial statements, and Management Discussion and Analysis), and interact with field auditors.
• Responsible for annual financial statement analysis.
• Prepares monthly Burlington City Franchise Fee filings to Burlington City Hall.
• Prepares monthly sales tax and revenue tax filings to the VT Department of Taxes.
• Calculates Account Receivable Aging report and adjustments to uncollectible reserves.

• Cash Management:
  • Reconciles BED’s operating bank accounts, including the general operating account, various investment accounts, and payroll account.
  • Prepares weekly payroll deposit.
  • Performs monthly cash forecast with daily status monitor.
  • Prepares all electronic in-bank transfers, schedules all ACH payments and outgoing Wire transfers.
  • Prepares monthly funding for payments of all debt service obligations, with all related documentation.
  • Prepares all internal cash transactions as required and associated journal entries.
  • Audits, updates, and reconciles other miscellaneous operating cash receipts, including BECS receipts to General Ledger.
  • Responsible for establishing Cash Management Policy and procedures for the Department.
  • Assists the Director of Finance and Administration with banking relationships including but not limited to reviewing fees, investments, electronic commerce, etc.
• Revenue:
  • Reviews BECS…