This is a remote position.
Sr. Renewables Financial Accountant, Energy Storage
Locations: FULLY REMOTE (Anywhere in the USA)
This is an opportunity to join an industry-leading renewable energy venture and IPP with strong private equity backing that is focused on the development/execution of dynamic utility-scale energy storage projects. They are at the forefront of the industry, have accumulated over 9GW of projects in a relatively short period of time, and are currently in an accelerated expansion phase.
The Sr. Corporate Accountant will work with the Accounting Leadership Team driving project-based accounting initiatives across the organization. It will have key interactions with the Project Finance, FP&A Manager, and general Accounting Team. The scope of work will involve a holistic approach to GAAP financial statements, financial audits, and business-critical project-based accounting (Service Contracts, EPC, Construction, and Lease Accounting) in support of a growing nationwide utility-scale renewables portfolio. Experience with Lease Accounting (ASC842) and reviewing project contracts for monthly reports detailing revenue recognition (ASC606) is REQUIRED.
They are committed to creating more renewable infrastructure solutions for the grid and are offering comprehensive compensation packages to their employees leading the drive to meet company goals. Other perks included a competitive base salary, open PTO policy, flex work hours, health benefits, the opportunity to work with a transparent Executive Leadership Team, and more.
RESPONSIBILITIES:
- Takes ownership of project-based financial reporting (monthly, quarterly, & yearly) and journal entries (balance sheet and income statements) involving multi-entity structures.
- Works at the commercial level with EPC Project Managers to assess and track project costs as well as measure performance towards critical renewable project development milestones. This includes reviewing and confirming EPC project expenses to ensure no interruptions to operational workflows.
- Leads capitalization implementation accounting initiatives in coordination with the Project Development and EPC Teams that account for project leases, contracts, debts, expenses, accruals, and account reconciliations, deposits, contracts.
- Plays a key role in project contract accounting requirements and compliance through the development of project-based financial reporting packages. This includes the development of loan draw request packages and distributions on a monthly basis, debt service coverage reports (DSCR), cost variance analysis, and cash flow forecast.
- Leads revenue recognition assessments based on Lease Accounting ASC842 and Revenue Recognition ASC606 requirements.
QUALIFICATIONS:
- 5+ Years of corporate finance and accounting experience dealing with GAAP principles.
- MUST have experience with Project Based Accounting - Project Development, EPC, Construction, Service Contracts, Leases.
- CPA (Certified Public Accountant) or CMA (Certified Management Accountant) HIGHLY PREFERRED.
- Expertise in Quickbooks or similar financial accounting software programs is required.
- Accounting expertise in MS Excel including macro / VBA writing capabilities, data queries, and pivot tables.
- MUST be well versed in dealing with financial statements, financial reports, and financial reviews (account reconciliations, accruals, deposits, contracts, capitalization, and leases).
- Solid understanding of financial debt agreements, debt agreement requirements, and debt service coverage ratios (DSCR).
- Excellent communication skills and ability to present complex financial accounting concepts in an understandable format to key internal and external stakeholders.
- Experience supporting financial reporting and accounting initiatives for EPC or Construction operations.
- Experience with renewables solar, wind, battery storage, or energy storage projects is NOT required but HIGHLY DESIRABLE.
- An understanding of national energy power market tariffs (WECC, PJM, ERCOT, SPP, MISO, NYISO, ISO-NE, and CAISO) and incentives is beneficial but NOT required.
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