Accounting Manager - Energy Accounting

Job Description

This role will be reporting to the Director of Energy Accounting. The target candidate will be responsible for recording daily and monthly transactional activity while adhering to GAAP and the company accounting policies, preparing financial reports, performing account reconciliations and maintaining general ledgers. The Accounting manager will also oversee all aspects of accounting, financial reporting, tax compliance, and treasury management for HEUH wholesale generation in coordination with Hanwha Group, our Korean parent company. The successful candidate will play a critical role in developing and enforcing internal controls to maximize protection of Company assets, policies, procedures, workflows, and ensuring the accuracy and integrity of financial data. The individual will be responsible for overseeing and supporting the accounting team here at HEUH Wholesale Energy, with dynamic leadership that fosters an environment of collaboration, accountability, and continuous improvement. Ideal candidate will have strong technology skills, proficient with Microsoft Excel, PowerPoint and database applications such as SAP & Concur.

This role will be located in Houston Texas, and the ideal candidate will be within commutable distance to the Houston office location. This is an onsite required role.

The employee may be required to perform other job-related duties as requested by management. All duties will be assigned in accordance with applicable laws and company policies.

Responsibilities

• Perform and oversee the full range of general accounting duties for Wholesale Generation, including management of all daily accounting functions including accounts receivables and payables processing, invoicing, payroll, journal entries, general ledger, reconciliations, and period close processes.
• Deliver monthly, quarterly, and annual financial statement and reports and accompanying financial statement analysis, ensuring for compliance with US GAAP (and supporting corporate and parent company conversion to IFRS).
• Manage the confirmation of financial condition with external auditors through the production of annual audit financial statement reports.
• Ensure compliance of financial reporting and disclosures with official guidelines and requirements and develop/document/review/maintain formal accounting policies, procedures, and memorandums.
• Coordinate with corporate (primarily the tax & accounting teams at HEUH) on all accounting matters, including financial consolidation, reporting requirements, and K-SOX compliance and program management.
• Support the financial, planning, and analysis group, executive leadership team and parent company in the preparation of budgets, forecasts, and variance analysis.
• Oversee accounting and tax compliance, ensuring adherence to all relevant regulations, reporting requirements, filings, and standards.
• Prepare and file tax schedules, reports, and returns, including, but not limited to, federal, state, and local income taxes, franchise taxes, sales taxes, property taxes, and other regulatory filings.
• Establish and maintain internal controls related to treasury activities to safeguard assets, prevent fraud, and ensure compliance with policies and procedures.
• Oversee the cash flow of the organization, ensuring that there is enough cash available to meet financial obligations while optimizing the use of cash resources to maximize returns.
• Manage relationships with banks and financial institutions, negotiating terms and conditions for banking services, credit facilities, and investment products.
• Collaborate with other departments to support strategic initiatives and business objectives.
• Establish business plan and analyze monthly performance compared against business plan.
• Provide key financial analysis to enable both day-to-day and strategic decisions.
• Collaborate with colleagues working in other operational areas of the business.
• Support the day-to-day operational needs of the Accounting function.
• Provide financial analysis support for the corporate budgeting and forecasting process
• Coordinate and work directly with cross functional teams to analyze and adjust processes and functionality to ensure that operational and billing information is accurate, and the financial planning process is efficient
• Interact with the management team to ensure proper reporting of expenses and ensure reliable and accurate forecast
• Proactively identify and resolve existing reporting issues in a timely and accurately fashion by displaying an acute attention to detail
• Perform other ad hoc analysis as required and participate in various projects when needed

Required Competencies

• Analytical - Proven problem-solving capability with strong analytical skills including statistical analysis.
• Stakeholder Engagement - Understands the importance of seeking out relationships and working with others toward a shared goal.
• Communication - Strong verbal and written effective communication skills.
• Agility - Demonstrate willingness to modify position as needed to meet the needs of the business.

Required Qualifications

• 5+ years Accounting and Finance management experience; CPA is a plus.
• Bachelor's degree in Accounting Finance or another business-related field.
• Retail electric industry experience required.
• Working knowledge of the ERCOT energy market
• Strong Accounting experience (including AR/AP invoice process, bookkeeping and payment process.
• Strong Proficiency in Microsoft Office Suite; Advanced Excel required.
• Strong technical accounting skills and knowledge of GAAP, experience with IFRS is a plus.
• Proficiency in financial reporting and analysis, with the ability to interpret complex financial data and communicate key insights to stakeholders.
• Adeptness with accounting software and ERP systems; proficiency with SAP 4 HANA and familiarity with Workday and Concur preferred.
• Strong communication and people skills, with the ability to build relationships and influence stakeholders at all levels of the organization.
• Commitment to integrity, professionalism, and ethical conduct in all aspects of the role.
• Strong time-management skills with the ability to effectively prioritize and manage multiple tasks in a dynamic environment.
• Strong written and oral communication skills.
• Strong aptitude for problem solving
• Strong attention to detail required.
• Eligible to work in the USA for any employer without sponsorship.

Compensation

$128,000 - $145,000 salary

Attention external recruitment firms, we will not accept any unsolicited resumes at this time. Please do not contact any internal member of our company to discuss the position or to solicit candidates.

Hanwha Energy USA 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.