Senior Accountant, Solar at Clearway Energy

Princeton, New Jersey, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Renewable Energy, Solar EnergyIndustries

Requirements

Bachelor’s degree in accounting from an accredited college or university
Minimum 4 years of experience in general accounting
Knowledge of the ERP accounting system
Ability to handle multiple concurrent efforts and provide high-quality deliverables accurately and on time
Demonstrated ability to communicate with all levels of internal and external customers
Strong analytical and problem-solving skills
Practical understanding and application of internal control processes and procedures over financial accounting and reporting
Proficient with Microsoft Office applications, including performing financial and analytical computations in Excel
Detail-oriented

Responsibilities

Execute the monthly, quarterly, and year-end close process within clearly specified time frames, following established internal control processes and procedures
Perform analytical functions necessary to achieve an accurate and timely general ledger month-end close, including analysis of income statements, balance sheets, and equity transactions, preparation of financial statements, and general accounting support for financed and non-financed projects
Utilize financial reporting software to create, maintain, and update reporting templates and data queries
Prepare and maintain adequate documentation to support financial statement assertions and the performance of internal control over financial reporting
Support the business by providing accurate general ledger account coding for utility-scale solar projects
Assist with the preparation of quarterly unaudited and annual audited financial statements of Solar projects in accordance with GAAP to comply with the reporting requirements of lenders and ownership agreements, including tax equity and cash equity ownership structures
In close collaboration with other technical accounting professionals, assist with researching technical accounting and reporting matters, accounting principles, and financial reporting rules
Collaborate with and respond to ad hoc requests from key stakeholders within the organization (e.g., Treasury, Portfolio Finance, Asset Management)
Close coordination with members of the Asset Management team on understanding and explaining to management the financial performance of the projects
Assist with special projects and additional duties as assigned
Support the annual audit process for standalone audits, including compiling financial statements and footnote schedules, providing data requests to external auditors, and providing substantial support for audit selections
Support parent and affiliate company audit requests from external auditors
Work with internal functional departments (e.g., Treasury, Asset Management, Engineering, and Procurement) and external groups to ensure reported financial results are completed timely and accurately in compliance with company policies and procedures
On an as-needed basis, support the Tax department for income tax preparation for partnership returns or tax provisions
Perform all aspects of work with a high degree of accuracy, effectiveness, and efficiency

Skills

GAAP

Journal Entries

Account Reconciliations

Month-End Close

Financial Reporting

General Ledger

Income Statement Analysis

Balance Sheet Analysis

Equity Transactions

Financial Statements

Internal Controls

Tax Equity

Cash Equity

Solar Accounting

Clearway Energy

Develops and operates renewable energy projects

About Clearway Energy

Clearway Energy Group focuses on developing and operating renewable energy projects, primarily in the United States. The company has a diverse portfolio of over 350 projects, which includes large-scale solar and wind farms, as well as community solar initiatives. Their products work by generating electricity from renewable sources, which is then sold to utilities and large energy consumers through long-term power purchase agreements (PPAs). This model provides a steady revenue stream while promoting the use of clean energy and reducing carbon emissions. Clearway Energy Group differentiates itself from competitors by its extensive experience in the renewable energy sector and its commitment to high safety and performance standards in project execution. The company's goal is to facilitate the transition to a sustainable energy future by providing reliable and competitive clean energy solutions.

San Francisco, CaliforniaHeadquarters

2018Year Founded

$1,600MTotal Funding

DEBTCompany Stage

EnergyIndustries

501-1,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Life Insurance

Fertility Treatment Support

Adoption Assistance

Parental Leave

Tuition Reimbursement

Risks

Increased competition may impact Clearway's market share and profitability.

Supply chain constraints could delay project timelines and financial projections.

Fluctuating energy prices may affect Clearway's project viability and contracts.

Differentiation

Clearway Energy specializes in utility-scale solar and wind projects across the U.S.

The company secures long-term PPAs, ensuring stable revenue streams.

Clearway Energy integrates solar and storage, enhancing grid reliability and efficiency.

Upsides

Clearway's acquisition of Tuolumne Wind Project adds 137 MW to its portfolio.

The Inflation Reduction Act boosts demand for Clearway's renewable energy PPAs.

Clearway's $665M Texas project advances solar and storage integration.

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