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Project Cost Accountant

3 months ago

Framingham, Massachusetts, United States Ameresco Full time

Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Our solutions range from upgrades to facility's energy infrastructure to the development, construction and operation of renewable energy plants combined with tailored financial solutions. We foster an entrepreneurial, collaborative, and forward-thinking culture that thrives with innovation, diversity of thought, and inclusion. We are excited with all that the future holds for our industry, planet, and communities.

Position Overview:

Join our dynamic organization at the forefront of clean tech and renewable energy. Ameresco seeks an experienced Project Cost Accountant reporting to the Senior Manager of Business Finance. In this role, you will undertake financial and project analysis and reporting, providing essential support to business units and their leadership. You will spearhead full-cycle project accounting and financial analysis, supporting units comprising energy efficiency and renewable energy projects, recurring operations and maintenance contracts, a portfolio of energy asset investments, and tightly managed operating expenses. The ideal candidate will possess a strong accounting background, preferably in a public company setting, with expertise in U.S. GAAP principles and cross-functional collaboration. This hybrid position is based out of our Framingham MA, office.

Responsibilities:

  • Collaborate closely with multiple business units to provide accounting support and solutions for various challenges, including project cost and revenue analysis, financial metrics, and periodic reporting.
  • Prepare and analyze monthly and quarterly project budget status schedules and analysis.
  • Support project revenue and cost projections, as well as operating expense analysis and forecasting.
  • Coordinate initial project setup in the system with key stakeholders.
  • Conduct monthly project workbook reviews with Project Managers, Construction Directors, and Business Unit V.P.'s, analyzing individual project status, direct costs, cost accruals, and capitalized costs, updating project forecasts, adjusting project budgets, and finalizing project analysis and closeouts.
  • Monitor and analyze the performance of the energy asset portfolio and assess potential asset impairment.
  • Ensure accurate cost accumulation and revenue recognition (primarily percentage of completion) by monitoring project revenues and costs.
  • Prepare revenue and cost adjustment general ledger entries and collaborate with the corporate general ledger accounting team to process adjustments in the appropriate accounting period.
  • Assist in maintaining project accounting policies and procedures and ensure timely closure of books in accordance with U.S. GAAP.
  • Provide support for external SEC filings and financial statement audits as needed.
  • Interface with various business systems, including Microsoft D365 accounting system, Adaptive Insights planning system, Workday, Salesforce, and other systems as required.
  • Perform other duties as assigned.

Minimum Qualifications:

  • Bachelor's degree in accounting, finance, or a related field.
  • Solid understanding and application of generally accepted accounting principles.
  • Strong grasp of financial principles, budgeting, and financial analysis.
  • Proficiency in MS Office with advanced Excel skills.

Additional Qualifications:

  • Experience in construction, energy efficiency projects, or similar industries is preferred.
  • Familiarity with Microsoft Dynamics D365 and Adaptive Insights, or similar financial and planning systems, is a plus.
  • Exceptional critical thinking and problem-solving skills.
  • Attention to detail coupled with the ability to understand and communicate the big picture.
  • Effective written communication skills, including the ability to convey technical information concisely.
  • Demonstrated ability to work independently and collaboratively in a multidisciplinary team environment.
  • Experience managing cross-functional processes and building trust across organizational levels while maintaining confidentiality and credibility.

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