Lead Financial Accountant
Snowy Hydro Limited
Company Overview
Snowy Hydro Limited
NSW, Australia
1949
Approximately 1,000-5,000 employees (source: leadiq.com). Snowy Hydro is a wholly-owned Commonwealth company with no public revenue data available for 2023 or later.
What They Do
Snowy Hydro's core technology focus is on pumped hydro-electricity, gas-fired peaking, diesel peaking, and contracted wind and solar renewables. The company operates 16 power stations and one pumping station, boasting a total generating capacity of over 5,500 MW dispatched to the National Electricity Market (source: snowyhydro.com.au). The Snowy Mountains Hydro-electric Scheme, which is a significant part of their operations, features nine hydro-electric power stations and 16 dams linked by 145 km of tunnels and 80 km of aqueducts, primarily located in Kosciuszko National Park. Additionally, Snowy Hydro manages water storage and diversion under the Snowy Water Licence for irrigation to the Murray and Murrumbidgee systems (source: wikipedia.org).
Projects & Track Record
Snowy Hydro has a rich history of notable projects, including the original Snowy Mountains Hydro-electric Scheme, which was completed in 1974 and delivered a total output of 3,740 MW from seven power stations, such as Guthega, which began operations in 1955 (source: snowyhydro.com.au). The company also operates significant gas assets, including the Colongra Power Station (667 MW, acquired in 2015), Laverton North (320 MW), and Latrobe Valley (300 MW) in Victoria, along with three diesel stations in South Australia totaling 136 MW (source: wikipedia.org). Currently, major projects include Snowy 2.0, which aims to link the Tantangara and Talbingo dams via a 27 km underground tunnel and establish a new pumped-hydro station for 2,000 MW generation and 175 hours of storage, with construction having commenced in 2019 (source: snowyhydro.com.au).
Recent Developments
In March 2018, the Australian Government acquired full ownership of Snowy Hydro by purchasing shares from New South Wales and Victoria, solidifying its status as a wholly-owned Commonwealth entity (source: snowyhydro.com.au). The construction of Snowy 2.0 is a significant advancement in the company's portfolio, marking it as a nation-building pumped-hydro project that commenced in 2019 (source: snowyhydro.com.au). Additionally, Snowy Hydro has secured contracts for over 1,000 MW from ten wind and solar projects, enhancing its renewable energy offerings (source: leadiq.com).
Working There
Snowy Hydro offers a diverse range of roles across various departments, including generation (hydro, gas, diesel operations), engineering, construction, and retail services through brands like Red Energy and Lumo Energy. The company also has opportunities in support functions such as IT, HR, and finance, with hiring occurring at their headquarters in Cooma, the Sydney office, and various project sites across New South Wales and Victoria (source: leadiq.com). The company culture emphasizes community support and has a long history of integrating a multinational workforce, with 65% of the original workforce being migrants from over 30 nations (source: nma.gov.au). While specific benefits are not detailed in available sources, the company is known for its commitment to customer service excellence through its retail brands (source: leadiq.com).
Last updated on 2026-02-23 | Report an issue
The Lead Financial Accountant plays a key role in assessing complex accounting and/or non-routine transactions and ensuring compliant, high-quality statutory and management reporting across the Group. The role also supports accounting for the energy portfolio, including derivatives and hedge accounting. Given the nature of the portfolio, strong technical knowledge in financial instruments and derivatives is essential.
This is an 18 month maternity leave contract.
It is a hybrid position, with an expected minimum of 3 days per week in the office.
Key Responsibilities
- You will act as the Group's technical accounting subject matter expert and provide accounting guidance across the business
- You'll lead and own the assessment and determination of appropriate accounting treatment for complex or non-routine transactions, including preparing technical papers to support key accounting positions in accordance with Group accounting policies and AASB/IFRS requirements
- You will partner with the Retail division to understand and report key business drivers of C&I consumption and its impact on Snowy's financial results
- You will prepare monthly P&L summaries with detailed analysis, allowing stakeholders to better understand performance drivers
- You'll act as a key contact for external auditor requests and queries relating to net revenues, derivatives and hedge accounting
- With exceptional attention to detail, you will lead the preparation and review of management and statutory reports, ensuring accuracy, integrity and compliance with accounting standards and internal policies
- You will support half year and year end financial reporting processes, including preparation and review of statutory financial reporting disclosures
- You will lead the interpretation, impact assessment and implementation of new and amended accounting standards across the Group
About the location
This position is based in Sydney CBD.
About you
- Strong technical accounting knowledge of AASB standards, particularly AASB 9 & 139, with experience in financial instruments, derivatives and hedge accounting, is essential for this role
- You have significant experience in preparing and reviewing annual reports, board packs, and/or management reports
- You bring 7-8 years PQE in financial, technical or management accounting
- Experience gained within a Big 4 Audit/Advisory and/or an ASX listed company will be highly regarded
- You have strong analytical capability with the ability to interpret complex accounting issues and translate into clear commercial outcomes
- You are a strong communicator, both written and verbal. You'll be liaising not only with colleagues and senior stakeholders, but auditors and executives
- Although not a people leadership role, experience mentoring or supporting junior team members will be looked upon favourably
A few of the benefits we provide
- An annual bonus based on performance
- Additional leave options
- Family discounts on fitness, gyms, pools and leisure centres
- Discounted energy rates
- An employee referral plan - good employees attract talented colleagues
- Discounts with major retailers
- Corporate clothing allowance
About our workforce
Diversity and inclusion are important to us:
Snowy Hydro has a culture of decency and inclusion, with a commitment to the health and well-being of our people and a supportive environment to ensure that everyone - regardless of background - feels included and can succeed. At Snowy Hydro, we recognise that we are made stronger by the unique capabilities and qualities that each individual brings, and we believe in providing an environment that allows that uniqueness to thrive.
Snowy Hydro is proud to be an Equal Opportunity employer. We are committed to the values of Equal Employment Opportunity and provide accessibility accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for a role with Snowy Hydro and are in need of accommodation or special assistance to navigate our website or to complete your application, please send an email with your request to the Snowy Hydro recruitment team at [email protected].
Apply now
Job expired?Please let Snowy Hydro Limited know you found this job on Rejobs. This will help us grow and get more people to work on renewable energy!
Apply now
Job expired?Please let Snowy Hydro Limited know you found this job on Rejobs. This will help us grow and get more people to work on renewable energy!
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About the role
March 11, 2026
Contract position
Company
- Sydney, Australia
7-8 years PQE
UTC+10:00