Senior Accountant

2 weeks ago

Austin, United States Jupiter Power Full time
Job DescriptionJob Description

Jupiter Power is an energy infrastructure company focused on the development, construction, and operation of energy storage assets in wholesale electricity markets. Formed in 2017, the company is a national leader in energy storage deployment, utilizing its proprietary dispatch optimization applications to support both merchant and contracted structures. Backed by BlackRock’s Diversified Infrastructure business, Jupiter Power has a strategic and established portfolio of 787.5/1375 of utility-scale energy storage projects operating or in construction in the U.S., with a leading pipeline of over 11,000 MW in active development.

Jupiter Power is looking to grow its financial accounting and reporting capabilities with the addition of a Senior Accountant, Financial Reporting. The Senior Accountant, Financial Reporting will work with the Accounting Leadership Team driving project-based accounting initiatives across the organization. It will have key interactions with the Project Finance, FP&A, and general Accounting Team along with the company’s external auditors and consultants. The scope of work will involve a holistic approach to GAAP financial statements, financial audits, and business critical project-based accounting (Service Contracts, EPC, Construction, and Lease Accounting). The Senior Accountant, Financial Reporting will report to Controller.

Key Responsibilities

· Support the Controller to ensure the timely and accurate preparation of the company’s financial statements in accordance with GAAP.

· Preparation of monthly, quarterly, and annual financial reporting for multi-entity structures

· Assist in revenue recognition assessments based on Lease Accounting ASC 842 and Revenue Recognition ASC606 requirements.

· Conduct technical accounting research and draft memos to support company transactions, including long-term revenue contracts, derivative contracts, financing structures, and tax credit monetization structures, among others.

· Perform month-end close duties, account balance reconciliations, journal entries, variance analysis.

· Prepare lender financial reporting packages.

· Assist with capitalization implementation accounting initiatives in coordination with the Project Development and EPC Teams that account for project leases, contracts, debts, expenses, accruals, and account reconciliations, deposits, contracts.

· Liaise with internal Accounts Payable department to ensure a smooth Procure-to-Pay process.

· Provide treasury support where needed.

· Assist with audit and tax compliance.

· Prepare schedules and supporting information required for year-end audit procedures.

· Liaise with the external auditors, consultants, and tax advisors as required.

Requirements

5+ Years of corporate finance and accounting experience and a solid grasp of GAAP principles

Skills and Experience

· Experience with Project Based Accounting - Project Development, EPC, Construction, Service Contracts, Leases required

· CPA (Certified Public Accountant) or CMA (Certified Management Accountant) highly preferred

· Well versed in dealing with financial statements, financial reports, and financial reviews (account reconciliations, accruals, deposits, contracts, capitalization, and leases)

· Solid understanding of financing agreements and monitoring debt covenant compliance

· Excellent communication skills and ability to presents complex financial accounting concepts in an understandable format to key internal and external stakeholders

· Experience supporting financial reporting and accounting initiatives for EPC or Construction operations

· Experience with financial reporting for renewable energy (solar, wind, battery energy storage systems), is strongly preferred

· An understanding of national energy power market tariffs (WECC, PJM, ERCOT, SPP, MISO, NYISO, ISO-NE, and CAISO) and incentives is preferred.

Benefits

Jupiter seeks individuals eager to develop their core professional knowledge, learn new areas of the business and take on additional responsibilities within Jupiter’s dynamic team. Secondary responsibilities will be tailored to individual candidate backgrounds as well as company priorities.

Compensation and benefits offered will be commensurate with the experience and qualifications of the candidate. It is preferred location for this role is in Austin, Texas. This position will be eligible for a hybrid schedule for remote and in office requirements.

Jupiter Power LLC is an equal opportunity employer that prioritizes diversity of experience and background.

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