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Posted: Friday, March 10, 2017 6:30 PM

Job Description:/h3:
COMPANY OVERVIEW
Our Client is an independent, fully integrated energy company that develops, constructs, owns and operates renewable energy projects and transmission assets across North America, Japan and parts of Latin America. The company focuses primarily on wind, solar and transmission, with limited investments in other generation technologies.
The team has a history as one of the top North American renewable energy and transmission providers in the industry. The team is dedicated to delivering the highest value for its customers, partners, financial supporters and the communities in which it works, while exhibiting a strong commitment to promoting environmental stewardship and corporate responsibility.
They have offices in San Francisco, Houston, San Diego, Toronto, New York, Santiago, and Tokyo, with corporate headquarters in San Francisco.


JOB PURPOSE

This position will have accounting responsibility for revenue arrangements for all operating wind and solar projects. The incumbent will work closely with the Assistant Controller, Accounting Managers, Technical Accounting, and other Accountants based in San Francisco, as well as individuals from other groups such as Asset Management, Legal, and Power Marketing.

This position is expected to have upward mobility with progression to a supervisory role within 1:2 years.
Key Accountabilities
Analyse all revenue sources for proper revenue recognition, 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, and 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
Prepare contract summaries for all revenue contracts
Review credit ratings for each offtaker annually or as needed
Ensure revenue processes and controls are in compliance with Sarbanes:Oxley
Perform analytics on revenue results, consolidated and proportional megawatt hours (MWh) sold, average realized electricity price, and other revenue metrics
Assist in preparing fluctuation analyses in support of MD and A
Work with Asset Management / Market Operations groups on the implementation of an energy scheduling and settlement software tool and support the integration of the tool with the companys accounting ERP system, including a reconciliation of revenue amounts and MWh sold
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
Evaluate the value for each performance obligation (electricity sales, RECs) to allocate the transaction price
Manage auditor requests related to revenue and receivables, ensuring timely completion of supporting schedules and fluctuation analyses
Draft and maintain documentation of revenue accounting policies
Participate in the preparation of annual revenue budgets and forecasts
Analyze budget vs. actual revenue variances with the operation team on a monthly basis
Other special projects as assigned
Experience/Qualifications/Education Required
Educational Experience
A Bachelors degree in Accounting or equivalent major required. An active CPA license or Canadian Chartered Accountant designation highly preferred.

Required and Preferred Work Experience

The following criteria will be used as a basis for Pattern to select a qualified applicant:
Minimum of 3 years of relevant revenue accounting experience
Experience working in the renewable energy industry highly preferred;

Source: https://www.tiptopjob.com/jobs/64455941_job.asp?source=backpage


• Location: San Francisco

• Post ID: 57112213 sf
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