Accounting Manager – AR/AP

Who We Are:  MassDevelopment, the state’s development finance agency and land bank, delivers financing solutions, real estate expertise, and other assistance to strengthen and grow the Massachusetts economy. We partner with businesses, nonprofits, developers, banks, and municipalities to help create jobs, build housing, and foster vibrant communities across the state. We value diverse perspectives, encourage innovation, and are committed to building a stronger Massachusetts.

The Accounting Manager oversees the day-to-day operations of the accounting function, including accounts payable, accounts receivable, and purchasing. Reporting to the VP of Finance & Assistant Controller, this role provides senior-level accounting support through the maintenance of accurate financial records, preparation of financial reports, administration of accounting processes, and monitoring of internal controls. The Accounting Manager plays a key role in ensuring efficient, accurate, and compliant financial operations while supporting the overall administration and effectiveness of the accounting department.

What You’ll Do

- Lead & Manage Accounting Operations

- Provide day-to-day leadership and oversight of accounts payable, accounts receivable, purchasing, and related accounting functions, ensuring accurate, efficient, and timely operations.

- Direct, supervise, train, coach, and evaluate accounting staff; establish priorities and performance expectations; and support recruitment, staffing, and professional development.

- Assign and monitor work, provide guidance on complex accounting matters, and ensure departmental responsibilities, deadlines, and performance standards are consistently met.

- Serve as a key resource and leader for accounting staff while providing operational support to the broader Finance and Accounting team.

- Oversee Accounts Payable, Receivable & Purchasing

Manage AP and AR operations, including vendor management, invoicing, billing, payments, collections, aging, and account reconciliations, ensuring compliance with established policies and internal controls.

- Oversee purchasing activities, including vendor relationships, receiving, purchase order accuracy, and timely closeout.

- Monitor AP and AR activity and aging reports, identify issues or risks, and ensure appropriate follow-up, resolution, and escalation.

- Maintain effective relationships with vendors, customers, internal departments, and agency-wide stakeholders to resolve accounting, billing, purchasing, and collection matters.

- Strengthen Processes, Controls & Performance

Develop, implement, and maintain effective accounting policies, procedures, and internal controls while identifying opportunities to strengthen compliance, reduce risk, and improve efficiency.

- Lead process and system improvements that enhance accuracy, accountability, consistency, and service across accounting operations.

- Monitor departmental workflows and results, identify areas for improvement, and implement solutions to improve overall team and operational performance.

- Support month-end close activities, including journal entries, accruals, reconciliations, and control reports, and ensure AP and AR reconciliations are completed accurately.

- Assist with the annual 1099 process, including reviewing vendor information, coordinating required documentation, and supporting the preparation and timely filing of 1099 forms.

- Assist with interim and annual audits by coordinating documentation and ensuring timely and accurate responses to audit requests.

- Partner Across the Organization

Collaborate with leadership and department personnel to address accounting, billing, purchasing, and collection issues and provide sound financial and operational guidance.

- Serve as the primary backup to the Accounting Manager – General Ledger, providing coverage and leadership as needed.

- Support Finance Department initiatives, special projects, and other related responsibilities as assigned.

What We’re Looking For

- Bachelor’s degree in Accounting, Finance, Business, or a related discipline, along with 5–7 years of progressive accounting experience; equivalent education, training, and experience may be considered.

- At least 3 years of experience supervising or managing accounting personnel, with demonstrated success leading, developing, and motivating teams.

- Strong understanding of accounting principles, processes, internal controls, and financial operations, with experience working across accounts payable, accounts receivable, purchasing, reconciliations, and month-end close.

- Experience with both manual and automated accounting systems; Microsoft Dynamics GP (Great Plains) experience is a plus.

- Proficiency in Microsoft Excel and Word, with the ability to effectively use accounting, financial, and database management systems.

- Strong analytical, technical, problem-solving, and reasoning skills, with the ability to identify potential issues, assess risks, and develop practical solutions.

- Highly organized and detail-oriented, with the ability to manage multiple priorities, projects, and deadlines while maintaining accuracy and accountability.

- Strong interpersonal, communication, and relationship-management skills, with the ability to work effectively across departments and with internal and external stakeholders.

- Proven ability to recruit, train, coach, supervise, and evaluate staff while fostering a collaborative, accountable, and high-performing team environment.

- Knowledge of nonprofit, governmental, and regulatory accounting practices is a plus.

What We Offer

- Comprehensive Benefits:  Medical, dental, and vision insurance to support you and your family

- Retirement Readiness:  Robust 401(a) and 457(b) plans with agency match

- Generous Paid Leave:  Vacation, sick time, personal days, and holidays

- Flexible Work Environment:  Hybrid work options to support balance and integration

- Investment in You:  Tuition reimbursement, student loan assistance, and opportunities for continued learning

- Wellness Support:   Resources and programs to help you thrive personally and professionally

It is unlawful in Massachusetts to require or administer a lie-detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.