A leading renewable energy company is looking for an Operational Accountant with Renewable Power experience. This position will have accounting responsibility for revenue arrangements for multiple operating wind and solar projects. This client is located in the Montrose area of Houston and is in office 3 days a week.

Qualified Candidates please send your resume to Jennifer.Hibbetts@optimus-us.com.

Responsibilities

• Record all revenue sources, including:

*electricity sales contracted via Power Purchase Agreements (PPAs)

*energy hedge valuations and derivative settlements

*sales of Renewable Energy Credits (RECs) and other environmental attributes

*merchant energy sales

*accounting for imbalance energy settlements,

*tracking compensation for production shortfalls (if applicable)

*accounting for liquidated damages

*other revenue arrangements

• Prepare revenue journal entries during the monthly close process and perform reconciliations of all related accounts
• Prepare invoices for offtakers and manage billing true-ups
• Read, interpret, and summarize project contracts to assure proper accounting and compliance
• Hands-on use, data entry and navigation of Pattern’s general ledger, and reporting software (Microsoft Dynamics 365). Will need to learn to generate Dynamic reports from AR and AP module to take full advantage of Dynamics data
• Participate in annual external audit by managing auditor PBC requests and providing and understanding of requested transactions.
• Ensure compliance with internal controls for revenue processes
• Perform analytics on revenue results, consolidated and proportional megawatt hours (MWh) sold, average realized electricity price, and other revenue metrics
• In coordination with Technical Accounting, read, interpret and apply current and future US GAAP lease guidance, derivative guidance and/or revenue guidance for each revenue arrangement. Specially, this involves having a strong grasp of concepts underlying ASC 606 – Contracts with customers.
• Assist in preparing fluctuation analyses in support of Management financial analysis
• Work with Asset Management, IT, and other teams as needed to research and implement a billing and account receivable module/tool to work in conjunction with current accounting systems.
• Manage auditor requests related to revenue and receivables, ensuring timely completion of supporting schedules and fluctuation analyses
• Generate and analyze A/R aging
• Prepare and maintain desk procedures
• Participate in the preparation of annual revenue budgets and forecasts
• Other special projects as assigned

 

Qualifications

Bachelor’s degree in Accounting or equivalent major required. An active CPA license or Canadian Chartered Accountant designation highly preferred.

• Minimum of 4-8 years of relevant operational accounting experience
• Renewable energy industry experience
• Consolidation, equity method accounting with minority interests
• Understanding of various electricity markets, including ERCOT, PJM and CAISO
• Microsoft Office (Excel, Word, Outlook and PowerPoint). Experience with Microsoft Dynamics 365 preferred.Revenue accounting background and familiarity or experience with applying appropriate revenue recognition models for the various offtaker arrangements.
• Hands on technical skills with a keen, thorough attention to detail.
• Ability to meet deadlines for monthly recording of revenue journal entries and invoicing.
• Strong organizational skills with the ability to prioritize, follow-through, and manage a demanding workload involving multiple tasks, responsibilities, and deadlines
• Self-starter with flexibility, desire and eagerness to learn, willing to ask questions and take ownership of revenue at the company.
• Strong interpersonal, oral and written communication skills. Must have ability to contribute in operations meetings and be well versed with revenue activities for multiple projects.

 

Per our client's specifications, candidates are required to be US Citizens, Green Card holders, or independently authorized to work in the US . We are unable to provide H1 visa sponsorship at this time.