Senior Accountant - Remote, United States - Plus Power

Description

Company Overview

Plus Power is an energy storage market leader, with a market-leading 10+ GW portfolio across more than 25 US states and Canadian provinces that will transform North American electric grids into cleaner and more versatile critical infrastructure.

Standalone energy storage is rapidly transforming the North American energy markets, because it is cheaper than new natural gas plants, faster to build than fossil peakers or transmission, and able to perform diverse energy services. Plus Power partners with electricity system operators, utilities, and investors to originate, develop, finance, own and operate standalone energy storage projects that provide critical services to the wholesale electric market. Plus Power's team applies an intentional mindset to energy storage development by using a data-driven approach to development and operations.

At Plus Power, we are focused on solving hard climate problems, profitably. We are growing fast, and value candidates who, like us, share a focus on setting high expectations, owning and learning from mistakes in the spirit of radical transparency, and are committed to internal partnering as a key element of our ideas meritocracy. Our team praises Plus Power's culture and excels through our game-changing mission and supportive ecosystem.

About the Role

Plus Power recruits outstanding energy industry professionals who are driven to develop, build and operate assets safely and reliably to decarbonize the power markets while growing their careers. Our team looks for data-driven and fact-based mindsets, engaging and collaborative behaviors, and personal growth-focused professionals.

Plus Power is looking to hire a Senior Financial Accountant to join the company's accounting team. This individual would assist the team in compiling and reviewing financial information, maintain accounting records by project, preparing GAAP financial statements, support the annual audit, and research and implement new accounting standards. The ideal candidate will have prior renewable, development, or construction experience and the ability to take the initiative in completing tasks in a time-sensitive and high-quality manner. This role includes significant responsibilities and room for growth within the company.

Responsibilities

• Perform month-end, quarter-end, and year-end financial closing activities, but not limited to the preparation of journal entries for various balance sheet and income statement accounts related primarily to project level accounting, consolidations, and multi-entity structures.
• Maintain accurate job cost information working closely with project managers on job cost analysis, reporting, and identify issues or discrepancies. Review financial data for accuracy, identify problems and support day-to-day operations.
• Manage project companies' expenses, accruals, account reconciliations, deposits, contracts, capitalization implementation on policy, leases, debt, and investment in subsidiaries.
• Review and confirm approval of all project related expenses. Work closely with project management team to process invoices and ensure invoices are paid timely.
• Update, verify and maintain accounting journals and ledgers and other financial records. Ensure compliance with project contract accounting requirements and controls. Assist in the production of periodic financial reports and ensure that the reported results comply with US Generally Accepted Accounting Principles. Participate, as directed, in management of external relationships including accounting firms, bank relationships, investors, insurance brokers and bonding agents.
• Prepare month-end, quarter-end and annual financial reporting packages for projects managed. Prepare various lender reports ensuring loan covenant compliance, such as the Debt Service Coverage Ratio report. Create certificates, cash flow forecasts, and variance analyses. Prepare monthly loan draw request packages and distributions.
• Proactively work on initiatives to implement operational accounting efficiencies through process improvements and control enhancements.
• Develop and enforce effective and efficient internal controls to maximize protection of company assets and financial reporting policies, procedures, and workflow.
• Provide financial forecasts, monthly, quarterly, and annually, to company management based on project schedules, budgets, and progress. Present forecasts to management to assist with decision making and recommend benchmarks to measure the project companies' performance.
• Read and evaluate Project Contracts including multi-element deliverables to prepare monthly reports supporting the revenue recognition assessment ensuring the compliance with ASC606 Revenue Recognition Rule, ASC 815 Fair Value and ASC842 Lease Accounting.
• Assist in providing audit support to external auditors.
• Support reporting to investors, as necessary.
• Support budgeting and forecasting processes, as necessary.
• Other duties may be assigned as needed.

Qualifications

• BA/BS in Accounting or Finance, with an MBA or CPA desired
• 4+ years' experience in general ledger and financial reporting experience
• Current experience in Renewables/Power & Utilities or Construction, preferred
• Expert proficiency in Microsoft Office, especially Microsoft Excel along with macro-writing capabilities, pivot tables, and data queries
• Working knowledge and experience with NetSuite or similar software
• Strong organization and communication skills and ability to multitask while maintaining attention to detail
• High degree of business acumen, discretion, and professionalism
• Ability to establish and maintain effective working relationships with employees and clients
• Ability and desire to learn and take on responsibility quickly

Compensation, Location, and Benefits

Highly competitive total compensation from one of North America's leading energy storage developers, owners and operators. Flexible, work from home or hybrid work from Plus Power's offices in San Francisco, Houston, Chicago, Seattle, and Palm Beach.

The expected salary range* for this position begins at $100,000. We may ultimately pay more or less than the posted range based on several factors including, but not limited to relevant experience, skills, qualifications, geographic labor market, and other factors consistent with applicable law. This position is also eligible to participate in our annual bonus program.

Plus Power offers a comprehensive benefits program, unlimited vacation, flexible remote work, educational assistance, parental leave, and a highly engaging company culture with opportunities for in-person connection and learning and growth.

The deadline* for applying to this role is 30 days from the date of initial posting (4/15/2024).

Plus Power is committed to a diverse and inclusive workplace where people of all backgrounds can thrive. Plus Power is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.

*This information is provided in accordance with applicable law.