Cost Tracking and Performance Measurement: Collaborate with EPC Project Managers to assess and track project costs. Measure performance against critical renewable project development milestones, review and confirm EPC project expenses to ensure smooth operational workflows.
Capitalization and Accounting Initiatives: Lead accounting initiatives related to project capitalization, working closely with Project Development and EPC Teams. Manage accounting for project leases, contracts, debts, expenses, accruals, reconciliations, and deposits.
Contract Compliance: Play a key role in ensuring compliance with project contract accounting requirements. Develop project-based financial reporting packages, including loan draw request packages, monthly distributions, debt service coverage reports (DSCR), cost variance analysis, and cash flow forecasts.
Revenue Recognition: Lead revenue recognition assessments in accordance with Lease Accounting ASC 842 and Revenue Recognition ASC 606 requirements.
Qualifications
Experience: Minimum of 5 years in corporate finance and accounting, with a strong understanding of GAAP principles. Must have experience in project-based accounting, specifically in project development, EPC, construction, service contracts, and leases.
Professional Certification: CPA (Certified Public Accountant) or CMA (Certified Management Accountant) is highly preferred.
Software Proficiency: Expertise in QuickBooks or similar financial accounting software is required. Advanced skills in MS Excel, including macro/VBA writing, data queries, and pivot tables, are essential.
Financial Acumen: Proficient in handling financial statements, reports, and reviews, including account reconciliations, accruals, deposits, contracts, capitalization, and leases. Solid understanding of financial debt agreements, debt requirements, and debt service coverage ratios (DSCR).
Communication Skills: Excellent communication skills with the ability to present complex financial accounting concepts clearly to both internal and external stakeholders.
Industry Experience: Experience in supporting financial reporting and accounting for EPC or construction operations. Familiarity with renewable energy projects such as solar, wind, and battery storage is highly desirable but not required.
Market Knowledge: Understanding of national energy power market tariffs (WECC, PJM, ERCOT, SPP, MISO, NYISO, ISO-NE, and CAISO) and incentives is beneficial but not required.
Employment Type: Full-Time