Project Revenue & Cost Accounting Manager

About Powin:

Powin Energy is a leading producer of utility scale modular battery energy storage system (complete with a patented, advanced, cloud-based monitoring/control system). That means we build power plants out of batteries that put coal and gas generators out of business and enable sustainable viability for renewable energy sources like solar and wind.

Powin is, and will continue to be, one of a handful of companies that will provide the equipment necessary to make this happen. Powin has distinct competitive advantages: cost-effectiveness; reliability; scalability; deploy-ability; and operational sophistication. Every day we work to ensure that we maintain these competitive advantages and our position as a global leader in providing turnkey, battery energy storage solutions for utility-scale, commercial and industrial, and microgrid applications.

Summary:

The Project Revenue & Cost Accounting Manager will oversee the financial operations related to revenue recognition and cost accounting within the organization. This role will be responsible for managing revenue recognition processes, analyzing cost structures and ensuring compliance with accounting standards and regulations.

Job Details:

• Manage all aspects of project accounting, including project set-up, purchase orders (including set up and change management), cost management, inventory movement and customer invoicing
• Oversee and ensure accurate and timely coding and tracking of costs, procurement and sourcing of materials for energy storage projects
• Analyze project costs incurred to date against expected costs, identifying and addressing any discrepancies or deviations and providing recommendations for optimizing project financial performance
• Manage revenue recognition for assigned projects in accordance with US GAAP, including revenue forecasts and the measurement of revenue performance
• Monitor and analyze project margins, identifying and tracking margin deterioration and providing insights and recommendations to improve project profitability
• Own and manage the end account analysis and reconciliations for all managed accounts, ensuring accurate, timely and compliant financial reporting. Such accounts include Contract Assets, Deferred Revenue, Inventory, GRNI, Deferred Costs and Impairments, Bond Collateral Deposits, Customer Deposits, Revenue, Cost of Goods Sold, Sales Commissions, Significant Financing – Interest Expense, Warranty Accrual etc.
• Collaborate with cross-functional teams, including operations, sales, etc. to ensure effective communication and coordination of project financial activities
• Work closely with external auditors, preparing and providing necessary documentation and support to ensure a smooth and timely audit process
• Assist the Director of Revenue & Cost Accounting in providing strategic financial inputs, analysis and support for executive decision-making
• Mentor and guide members of the accounting and finance team to ensure high levels of efficiency and expertise in project revenue and cost accounting practices
• Manage key deliverables:

• Revenue & Cost Workbooks
• Account Reconciliations for project related accounts
• Project Specific Summary & Analysis
• Relevant Month and Quarter End Financial Commentary

Qualifications:

• Bachelor’s degree in Accounting, Finance or related field; advanced degree (MBA, MAcc) required
• CPA certification is preferred
• 5+ years of relevant accounting and financial management experience, preferably in the energy or energy storage industry
• Strong understanding of US GAAP, with an emphasis on project accounting and revenue recognition
• Proven experience in project financial management, including cost and revenue tracking, margin analysis, and inventory management
• Advanced proficiency in Microsoft Office applications, particularly Excel, and experience with NetSuite ERP system a plus
• Detail-oriented with excellent organizational skills and the ability to prioritize and manage multiple tasks effectively
• Strong analytical, problem-solving, and decision-making skills
• Self-driven and self-sufficient in identifying and resolving complex issues as they arise
• Excellent verbal and written communication skills, with the ability to effectively communicate complex accounting concepts to non-accounting colleagues

Powin is not accepting resumes from unsolicited headhunters or agencies at this time.

EEO STATEMENT: The Company is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices and laws.  The Company is committed to providing equal employment opportunities to all employees and job applicants without unlawful regard to race, color, age, gender, gender identification or expression, sexual orientation, familial status, religion or creed, national origin, ancestry, medical condition, marital status, protected veteran status, disability (mental or physical), or any other legally protected status under federal, state, or local law. 

E-Verify: Powin participates in E-Verify and candidates will need to pass successfully upon completion of hire date.