Description
Urban Grid, a leading independent power producer, facilitates a rapid and sustainable energy transition by developing high-quality renewable energy projects, fostering community partnerships, and serving as a good land steward. Our company is positioned to own and operate its facilities while cultivating a land management system that benefits farmers, communities, and the natural world through agrivoltaics. Urban Grid maintains a delivery-focused approach with the goal of being a good neighbor, corporate citizen, and trusted energy solutions partner.
Headquartered in Houston, Texas, with teams situated strategically throughout the United States, Urban Grid has a long history of contributing to the clean energy economy. In addition to 940 megawatts currently under construction, we are actively developing a growing portfolio of more than 12,000 megawatts of solar PV and 7,000 megawatts of co-located and stand-alone energy storage. To learn more, please visit www.UrbanGridSolar.com. Urban Grid is a portfolio company of Brookfield. one of the world’s largest owners and operators of renewable power and climate transition assets.
Job Summary
As a Technical Accounting Manager, you will play a vital role in a growing renewable energy business. You will focus on providing technical accounting interpretation and implementation guidance associated with both U.S. GAAP and IFRS. You will also have an opportunity to lead the development of the technical accounting function at Urban Grid and participate in special projects such as the implementation of new financial reporting tools and processes from the ground up, while developing your professional skillset in the renewable energy and utility industry.
This role is responsible for technical accounting research and documentation in the form of technical accounting memos, providing technical accounting guidance to colleagues, assisting with the design and implementation of internal controls, and activities supporting corporate transactions. This position will also work with the company’s accounting and financial reporting team to ensure accurate accounting and financial statements.
Responsibilities
- Research and conclude on accounting for non-routine, complex transactions under both US GAAP and IFRS, including preparation of technical memorandums. The respective areas will include debt transactions, tax-equity agreements, leases, derivatives, hedge accounting, HLBV accounting, transactions under common control, VIE analysis, ARO calculations, business combinations and other
- Prepare and review complex assessments of less complex agreements under IFRS and US GAAP to identify derivatives, leases, revenue recognition elements etc.
- Conduct technical research on accounting and financial reporting issues and new accounting standards impacting the company’s financial statements
- Document findings in formal technical accounting memos as needed
- Assist in the drafting and ongoing assessment of the company’s accounting policies and procedures
- Derivative Accounting – perform activities in the monthly derivative and hedge accounting financial close and reporting processes, including documenting hedge designations and preparing month-end derivative and hedge accounting entries
- Coordinate and assist with the annual impairment testing on goodwill and non-current assets
- Assist with monthly closing, consolidation and financial reporting (calculations for complex transactions, assist with preparation of financial statements, drafting footnotes, IFRS adjustments to US GAAP, etc.)
- Provide technical accounting support and analysis for M&A activities
- Suggest and participate in discussions regarding process efficiencies including, but not limited to, operational/system improvements projects.
- Coordinate with internal and external auditors and assist with requests and documentation regarding technical accounting and internal controls
- Support strategic corporate initiatives involving senior management team. Conduct special projects as required and carry out other duties as assigned
Requirements
- Bachelor’s degree in accounting. Advanced degree a plus
- CPA or equivalent (Chartered Accountant, ACCA, etc.) required
- 5 - 10 years of relevant industry experience in technical accounting, reporting or accounting. Big 4 experience is a plus. Previous experience in renewables a plus. Experience at large US or international public firm required
- Detailed knowledge of U.S. GAAP and IFRS with special emphasis on derivative accounting, business combinations, revenue recognition, consolidation and leases; familiarity with renewables industry (HLBV, tax-equity partnerships, complex credit agreements, etc.)
- Experience with robust consolidation software platforms, such OneStream, Oracle EPM, and Hyperion Financial Management and ERP systems, such as NetSuite, SAP, Oracle Financials, Microsoft Dynamics, etc. Working knowledge of NetSuite a plus. Working knowledge of OneStream a plus
- Advanced Excel skills required, Power BI is a plus
- Strong written and verbal communication skills, strong accounting research and technical writing skills
- Takes initiative to make continuous improvements as the company scales, seeking to benefit the team and company as whole.
- Analytical and reasoning abilities combined with sound business acumen. The successful candidate will be able to stand ground when presenting accounting recommendations.
- Attention to detail and advanced organizational skills. The successful candidate will be able to work across different functions and finance teams, an ability to influence others and to make supportable and actionable recommendations – thus ensuring advice is understood and gets implemented correctly
- Execution focused mindset with a high level of initiative. Ability to multi-task and work in a very fast-paced environment. Flexibility to address changing priorities and time demands
Location: Preferred location is Houston, TX. Role is hybrid with up to 3 days per week in office. Periodic trips to other office locations for team meetings as needed.
Benefits
Urban Grid offers an exciting benefits package, including medical, dental, vision, health savings account, flexible spending account, company-paid life insurance and short-term disability, voluntary life, and long-term disability, paid parental leave, and a retirement plan with matching. Full-time position with a competitive compensation package, including bonus.
