Controller

174 Power Global Retail Texas, LLC - Houston, TX

Full-timeEstimated: $87,000 - $120,000 a year
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SkillsBenefits

174 Power Global designs, builds and manages solar power plant solutions. The company brings a decade of global leadership in solar PV to North America, combining best-of-world technology, processes and partnerships to deliver utility-grade solar PV solutions customized for local energy markets. 174 Power Global offers the full spectrum of PV solutions – from power plant development, design, construction, operations and maintenance.

174 Power Global has recently launched a new retail energy business in ERCOT, with plans to expand to other deregulated markets nationwide over the next 5 years. 174 Power Global aims to bring the value of its expertise in the development of wholesale utility scale PV solar, ESS, and wholesale energy trading directly to retail customers and become one of the leading national energy retail providers within 5 years.

POSITION OVERVIEW

This Position is a vital role to the entrance, growth and success of our retail electric business. In this role you will report to the CFO and perform strategic and daily finance and accounting functions to include cash forecasting, settlements, variance analysis, operational and financial accounting and applicable reporting. This position will collaborate with an interdisciplinary team involved across all functions of the retail and wholesale teams.

We provide an energetic and engaging work environment focused on professional and business growth, where employees are empowered to excel, and excellence is rewarded with further growth opportunities, competitive compensation, performance bonuses, and group benefits. If you are a team player, energetic, bright and driven, and you want to be part of building something great, this is the place for you.

PRIMARY RESPONSIBILITIES

  • Develop and document business processes and accounting policies to maintain and strengthen internal controls
  • Assist with designing and implementing an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur
  • Perform Risk Assessment: Analyzing current risk and identify potential risk that may affect the company
  • Coordinate and direct the preparation of the budget and financial forecast and report variances
  • Coordinate the provision of information to external auditors for the annual audit
  • Understand our business model to contribute to strategic planning and operating discussions
  • Oversee settlement accuracy, including necessary reconciliations and variance analysis
  • Manage and maintain controls to ensure proper remittances to the ISO and TDSP’s, including necessary reconciliations and variance analysis
  • Monitor ISO settlements for accounting and financial forecasting
  • Responsible for the strategy, execution, and profitability associated with retail accounting activities
  • Prepare projections and Forecasting Per forma with growth strategies for all forward years
  • Ensure quality control over financial transactions and financial reporting
  • Coordinate and direct the preparation of Monthly (EIA), Quarterly, Semi-Annual, Annual reporting for ERCOT, PUCT and all state and federal energy reports
  • Assist in monitoring and managing ISO settlements, Counterparty trades on daily basis
  • Cash Forecasting
  • Sales Commissions management
  • Month-end financial close processes to include preparation of accruals, and variance explanations for budget to actual and accrual to true-up/actual information, and consolidation of related entities
  • Manage and direct fixed assets ledger and preparation of monthly depreciation schedules/entries
  • Maintain amortization schedules and preparation of monthly schedules/entries
  • Manage and comply with local, state, and federal government reporting requirements and tax filings
  • Prepare monthly, quarterly, annual financial reporting
  • Prepare monthly reporting for compliance with credit covenants
  • Prepare budgets and pro-forma statements
  • Oversee with the development and implementation of internal controls and related documentation
  • Maintaining all Accounting activity with compliance to US GAAP
  • Act as a liaison between Operations, Compliance, Supply and Sales

REQUIRED QUALIFICATIONS

  • Retail energy experience is a must including ERCOT and other ISOs
  • Excellent communication and analytical skills
  • Business Degree with 8-10 years’ work experience, preferably in accounting or finance
  • Experience with FAS 133 a plus
  • CPA
  • Energy business background highly preferred
  • SAP Accounting system knowledge preferred
  • Team player to work with Executive and management cross functions

174 Power Global Retail Texas, LLC provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics.

Job Type: Full-time

Experience:

  • SAP Accounting: 1 year (Preferred)
  • Accounting: 8 years (Required)

License:

  • Certified Public Accountant (CPA) (Required)
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