Accounting Manager

Reading Municipal Light Department Job Position Description

Job Title:

Accounting Manager

Reports to:

Director of Finance and Accounting

Division:
Finance and Accounting

Group:
Accounting

Grade: 53

Revision Date:

Reviewed By: SI/JS/ND-IBEW

Work Location:

230 Ash St Office

Union: Y x N IBEW

FLSA:
Exempt

2026 Range:$103,067 to $

Job Summary

Oversees RMLD’s accounting operations to ensure accurate financial reporting, compliance with accounting standards, and effective manager of financial processes. Supervises accounting staff, manages month-end and year-end close activities, prepares financial statements, monitors internal controls and guidelines for preparing transactions that comply with generally accepted accounting principles (GAAP). This position supports audits and helps develop budgets and forecasts. The role requires strong analytical, leadership, and communication skills with the ability to work in a multitasking environment.

Works with supervisor to develop, implement, and manage a Career Development Plan (CDP).

Supervisory Responsibilities

• Supervises Staff Accountant(s) who is responsible for accounts payable, payroll, general ledger accounting.
• Participates in the recruiting and hiring of accounting and financial staff and conducts performance evaluations for all direct reports.
• Coordinates training programs for new staff and identifies training needs for current staff as outlined in their annual goals and Career Development Plan (CPC).

Duties/Responsibilities Responsible for

• Overseeing all general and cost accounting processes ensuring timeliness and accuracy leading tomonth-end close.
• Understanding and implementing the FERC code of accounting.
• Overseeing payroll process to ensure accuracy and organized supporting backup.
• Managing the entire RMLD Accounts Payable (AP) function including supervision of AP Staff, and external vendor contact, to resolve and clarify invoicing discrepancies. Requires interaction with other employees regarding ordering and invoicing
• Preparing and recording journal entries and reviewing other journal entries prepared and recorded by Senior accountant(s)
• Preparing monthly variance and reconciliation reports
• Reviewing employee expense reports, P-Card, petty cash and Amazon transactions
• Reconciling of purchased power accounts in coordination with Integrated Resources team
• Calculating of overhead rates which requires interaction with RMLD management
• Managing third party billing activity such as Joint Ownership and Fiber Optic
• Maintaining confidentiality in all aspects of this position
• Functioning as backup for the Director of Finance and Accounting
• Completing Governmental filing such as sales tax, Green Communities, and MA Unemployment
• Reviewing Cash Turnovers and Settle up transactions with the Town
• Recommending Internal controls to avoid and minimize errors and discrepancies
• Communicating with Town personnel regarding AP and cash

Assists in

• Preparing financial reports; ensuring that the reported results comply with general accepted accounting principles (GAAP) or financial reporting standards.
• Monthly accounting analysis and reconciliation for review by Senior RMLD management personnel and the Board of Commissioners, if applicable.
• Completing annual PTF/RNS and Department of Public Utilities (DPU) reports.
• Accounting and reporting of the OPEB Trust.
• Managing all aspects of the annual audit, including communication with lead auditor and furnishing supporting backup as requested.
• Adhering to file-retention policies and ensuring timely destruction of records in accordance with 220 CMR 75.
• Establishing internal controls and guidelines for accounting transactions and managing those processes.
• Overseeing preparation of business activity reports, financial forecasts, and annual budgets.
• Presentin…