Job description
Plus Power is an energy storage market leader, with a market-leading 10+ GW portfolio across more than 25 states that will transform North American electric grids into cleaner and more versatile critical infrastructure.
Standalone energy storage is rapidly transforming the North American energy markets, because it is cheaper than new natural gas plants, faster to build than fossil peakers or transmission, and able to perform diverse energy services. Plus Power partners with electricity system operators, utilities, and investors to originate, develop, finance, own and operate standalone energy storage projects that provide critical services to the wholesale electric market. Plus Power's team applies an intentional mindset to energy storage development by using a data-driven approach to development and operations.
At Plus Power, we are focused on solving hard climate problems, profitably. We are growing fast, and value candidates who, like us, share a focus on setting high expectations, owning and learning from mistakes in the spirit of radical transparency, and are committed to internal partnering as a key element of our ideas meritocracy. Our team praises Plus Power's culture and excels through our game-changing mission and supportive ecosystem.
About the Role
Plus Power recruits outstanding energy industry professionals who are driven to develop, build and operate assets safely and reliably while growing their careers. Our team looks for data-driven and fact-based mindsets, engaging and collaborative behaviors, and personal growth-focused professionals.
We are looking to hire a Senior Accounts Payable Specialist to join the company's accounting team. The ideal candidate will have prior renewable, development, or construction experience and the ability to take the initiative in completing tasks in a time-sensitive and high-quality manner. This role includes significant responsibilities and room for growth within the company.
Key Responsibilities
- Process high volumes of A/P invoices through Stampli across multiple related legal entities, ensuring proper entity allocation, approvals, supporting documentation, general ledger coding, data entry, and payment processing; identify and resolve vendor account discrepancies
- Periodically compare vendor terms with activity to ensure the most cost- and time- effective payment methods and timing are being used
- Coordinate with vendors and internal teams to obtain and verify W-9s and payment instructions, including ACH, wire and BillPay information, and complete required phone verification of vendor banking details
- Set up and maintain new vendors in NetSuite and applicable banking platforms, ensuring accurate and complete vendor information
- Process company credit card transactions through Stampli, ensuring appropriate supporting documentation and general ledger coding
- Manage the annual 1099 reporting and filing process, ensuring accurate and timely completion.
- Assist with compliance issues related to accounts payable processes (W-9, sales and use tax, etc.)
- Serve as a liaison between Plus Power and more than 300 vendors, addressing billing, payment, and account-related inquiries and issues
- Review project-related expenses for appropriate approval and work closely with project management teams to process invoices and ensure timely payment
- Update, verify and maintain accounting journals, ledgers and other financial records, ensuring accuracy and compliance with project contract accounting requirements and internal controls
- Assist with producing periodic financial reports and ensure reported results are accurate and comply with U.S. Generally Accepted Accounting Principles (GAAP).
- Support the management of external relationships, as requested, including accounting firms, banking partners, investors, insurance brokers and bonding agents
- Prepare accounts payable-journal entries, ensure accurate general ledger coding and support the monthly close process
- Reconcile the accounts payable ledger to ensure that all bills and payments are accounted for and properly posted
- Generate reports detailing accounts payables status
- Proactively work on initiatives to implement operational accounting efficiencies through process improvements and control enhancements
- Assist with supplying documentation for annual audits, loan draws, etc.
- Support investor reporting, budgeting and forecasting activities, as requested
- Develop, implement and effective and efficient internal controls, policies, procedures and workflows to safeguard company assets and promote accurate financial reporting
- Other projects as assigned
Skills & Qualifications
- BA/BS in Accounting or Finance
- 4+ years' relevant work experience in an accounting department
- Current experience in renewable energy, power and utilities, or construction preferred
- Expert proficiency in Microsoft Office, especially Microsoft Excel along with macro-writing capabilities, pivot tables, and data queries
- Working knowledge and experience with Stampli, NetSuite or similar software
- Strong organization and communication skills with the ability to manage multiple priorities while maintaining a high level of accuracy and attention to detail
- High degree of business acumen, discretion, and professionalism
- Ability to establish and maintain effective working relationships with vendors, colleagues and internal stakeholders
- Demonstrated ability to work collaboratively and effectively in a cross-functional environment with team members who are geographically dispersed
- Ability to work independently with minimal supervision while remaining aligned with company and department objectives
- Proven ability to stay connected and maintain communication across distributed teams in hybrid or remote settings
- Strong desire and demonstrated ability to learn quickly, take initiative, and assume increasing responsibility
- Ability to effectively manage multiple priorities and deliver timely, high-quality results
Compensation, Location, and Benefits
Highly competitive total compensation from one of North America's leading energy storage developers, owners, and operators, along with market-leading health benefits, 401(k) match, generous paid parental leave, flexible time off, work from home stipend, and other programs designed to support employees and their families.
Flexible work arrangements include work-from-home or hybrid options from Plus Power's offices in The Woodlands, San Francisco, Chicago, Seattle, Brooklyn, Denver, Palm Beach Gardens, and Birmingham. While we are a remote-first company, we also have a highly engaged and connected culture, with opportunities to come together for in-person connection, professional development, and continued learning and growth.
The expected salary range for this position begins at $80,000. We may ultimately pay more or less than the posted range based on several factors including, but not limited to relevant experience, skills, qualifications, geographic labor market, and other factors consistent with applicable law. This position is also eligible to participate in our annual bonus program.
Plus Power is committed to a diverse and inclusive workplace where people of all backgrounds can thrive. Plus Power is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.
Pay & benefits
About this role
About Plus Power
Company Overview
Plus Power
HeadquartersThe Woodlands, Texas, United States
Founded2018
SizeApproximately 200-500 employees (source: leadiq.com). Revenue of $63.9 million in FY 2023 (source: leadiq.com).
What They Do
Plus Power specializes in standalone lithium-ion battery energy storage systems (BESS) that are pivotal for grid stabilization. Their technology enables rapid dispatch for frequency regulation, peak shaving, and renewable integration, particularly in deregulated wholesale markets (source: leadiq.com). The company offers a comprehensive suite of services that includes greenfield development, site selection using advanced data science techniques, and power systems engineering aimed at alleviating grid congestion. They also engage in commercial origination with utilities and Independent System Operators (ISOs), raising significant project finance, and executing large-scale engineering, procurement, and construction (EPC) projects (source: pluspower.com). Plus Power's target markets span over 20 states, focusing on major U.S. Regional Transmission Organizations (RTOs) and ISOs, catering to electric utilities, commodities traders, and grid operators who require flexible solutions amidst increasing solar and wind energy penetration (source: pluspower.com). With a development portfolio exceeding 7,000 MW and a total of 11 GW including early-stage assets, Plus Power is recognized as a first-mover in the grid-forming standalone BESS sector (source: pluspower.com).
Projects & Track Record
Plus Power has successfully completed several notable projects, including the Gambit Energy Storage facility in Angleton, Texas, which is a 100 MW standalone lithium-ion project that has been operational since summer 2021. This facility was one of the largest in Texas at the time and plays a crucial role in supporting the reliability of the ERCOT grid (source: pluspower.com). Another significant project is the Cranberry Point Energy Storage in Carver, Massachusetts, which is a 150 MW/300 MWh facility that is set to come online in May 2025, marking it as the largest utility-scale standalone BESS in the region and contributing to Massachusetts' ambitious storage goals (source: pluspower.com). Current projects include the Cross Town Energy Storage in Gorham, Maine, which will be New England's largest BESS at 175 MW/350 MWh, and the Kapolei Energy Storage in Hawaii, which is a 185 MW/565 MWh project that recently secured $219 million in financing (source: pluspower.com). Plus Power is also actively constructing over 1 GW across five sites in Arizona and Texas, showcasing their extensive operational footprint and commitment to renewable energy integration (source: pluspower.com).
Recent Developments
In June 2024, Plus Power achieved a significant milestone by closing construction and term financing for its first major standalone BESS in ISO-NE, which is supported by Massachusetts Clean Peak Energy Certificates (source: zoominfo.com). The company also secured $82 million in tax equity from Morgan Stanley for the Superstition project in Arizona, contributing to nearly $2 billion in total funding for their projects in Arizona and Texas (source: zoominfo.com). In 2024-2025, Morgan Stanley invested a total of $160 million across two projects: $95 million for Cranberry Point and $65 million for Cross Town, both of which are set to come online in late 2025 (source: pluspower.com). A notable achievement in October 2023 was the completion of $1.8 billion in financing for 1.04 GW/2.76 GWh across multiple sites, marking one of the largest standalone storage project deals in the sector (source: prnewswire.com). Additionally, the Kapolei project in Hawaii successfully closed $219 million in project finance and credit facilities (source: pluspower.com).
Working There
Plus Power offers a diverse range of roles across various departments including development, markets, power systems engineering, commercial origination, finance, EPC, and operations. The company is actively hiring for positions in its offices located in The Woodlands, Texas (HQ), San Francisco, New York, Chicago, and Miami, reflecting its growth trajectory from approximately 200-500 employees (source: leadiq.com). The company culture is characterized by values such as curiosity, respect, transparency, and a strong emphasis on environmental stewardship and safety. Employees are encouraged to adopt an owner's mindset in their operations, fostering local relationships and responsible development practices (source: pluspower.com). While specific benefits are not extensively detailed in public sources, Plus Power highlights the importance of collaboration with excellent colleagues and partners in their mission to advance renewable energy storage solutions (source: pluspower.com).
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