Job description
We are seeking a Project Accounting Manager to spearhead and manage our project accounting processes. The Project Accounting Manager will provide financial and business analysis over the building of our Energy Storage Solutions. The Project Accounting Manager will oversee operations over the projects' life cycle from set up through project's close out. Additionally, the Project Accounting Manager will evaluate project performance and provide analysis to project managers, finance department, and additional key stakeholders. The ideal candidate should have project accounting experience in the energy or construction sectors as well as experience with NetSuite's Project module.
Your Mission
- Support project setup and maintenance in NetSuite, including financial coding, activity codes, cost categories, and reporting structure validation.
- Prepare project cost reports, budget-to-actual analyses, committed cost schedules, and variance explanations to support project financial reviews.
- Monitor purchase orders, item receipts, vendor commitments, accruals, and project cost activity to support accurate forecasting and reporting.
- Assist with monthly EAC preparation by compiling actual costs, committed costs, forecast inputs, ETC updates, risks, and opportunities.
- Support percentage-of-completion revenue recognition schedules through project cost tracking, milestone monitoring, and completion data validation.
- Support project billing and cash flow forecasting through milestone tracking, billing documentation, customer billing support, and vendor payment analysis.
- Assist with CAPEX and OPEX tracking, project cost classification, and financial reporting consistency across project activity.
- Maintain organized project documentation, audit trails, data rooms, and support files for audits, SOX controls, revenue recognition, tax-credit reviews, and financing due diligence.
- Support recurring and ad hoc financial reporting, including KPI summaries, project status reporting, reconciliations, and variance analysis.
- Support NetSuite, Nexonia, and related project accounting processes through data validation, coding review, reporting support, and issue identification.
- Identify data inconsistencies, recurring process gaps, and control improvement opportunities to enhance project accounting accuracy, reporting efficiency, and audit readiness.
- Partner with Project Accounting leadership, FP&A, project delivery teams, and other finance stakeholders to support accurate project financial management throughout the project lifecycle.
Your Background
- Four-year bachelor's degree in accounting, business or equivalent degree.
- CPA/MBA preferred.
- Strong background and experience in project accounting.
- 8-10 years in accounting or finance roles (additional years of experience a plus) with progressive responsibility.
- Requires Excel proficiency, strong analytical and technical accounting skills, and ability to work independently to solve problems and manage multiple projects.
- Great teaming ability with an environmentally conscious attitude.
- Experience in Oracle NetSuite modules.
- Willingness to travel domestically and/or internationally, up to 10%.
- Comfortable thriving in fast-paced, rapid growth environments.
- A passion for sustainability, our mission, and our vision is a bonus!
- Must successfully pass a pre-employment background check.
- Energy Vault participates in E-Verify.
Benefits of Powering the Future with Energy Vault
- Annual bonus plan.
- Restricted Stock Units (RSUs).
- 401K employer matching.
- Comprehensive medical, dental, and vision plans for employees and family.
- Flexible Spending Account.
- Company-paid Life insurance, Short- and Long-term disability insurance.
- 8-weeks for Paternity leave.
- Generous holiday allowance.
- Flexible time off plus sick leave.
- Reimbursement for home office equipment, phone, and internet expenses.
Pay & benefits
About this role
About Energy Vault
Company Overview
Energy Vault Holdings, Inc.
HeadquartersMelbourne, VIC, Australia
Founded2017
SizeApproximately 200 employees (source: linkedin.com). Revenue of $50 million in FY 2024 (source: energyvault.com).
What They Do
Energy Vault specializes in innovative energy storage solutions aimed at addressing the intermittency challenges of renewable energy. The company operates across three primary technology domains: gravity-based energy storage, battery systems, and hydrogen technology. Energy Vault is recognized for its technology-agnostic approach, which allows it to provide tailored solutions to customers rather than promoting a single storage technology (source: energyvault.com). The flagship G-VAULT family of products utilizes a unique gravity storage mechanism that maintains high efficiency and offers adjustable energy-to-power ratios, making it suitable for various applications (source: energyvault.com). Additionally, the company has developed a comprehensive software ecosystem that enhances operational control and optimizes energy dispatch across diverse storage and generation assets.
Projects & Track Record
Energy Vault has made significant strides in project execution, having deployed 1.4 GWh of energy storage solutions since 2023 (source: energyvault.com). Notable projects include a large-scale battery installation in Stanton, Orange County, which integrates 68.8 megawatts/275.2 megawatt-hours for W Power and Wellhead Electric, marking it as one of the largest in Southern California (source: energyvault.com). Furthermore, Energy Vault has secured a transformative 400 megawatt-hour project with ACEN Renewables at their New England solar farm in New South Wales, Australia, which is touted as the largest in the country (source: energyvault.com). This project exemplifies the company's capability to deploy its gravity storage technology at scale.
Recent Developments
In recent months, Energy Vault has announced significant developments, particularly in Australia. In May 2024, the company revealed its first project in Australia, a 400 megawatt-hour initiative with ACEN Renewables, followed by a commitment to a full gigawatt-hour project, indicating a rapid expansion in the region (source: energyvault.com). The partnership with the State Electricity Commission (SEC) to build and operate a 100 MW/200 MWh battery project further validates Energy Vault's innovative technology and positions it as a leader in the energy storage market (source: energyvault.com). These developments not only enhance the company's project portfolio but also reflect growing investor confidence in its capabilities.
Working There
Energy Vault fosters a dynamic work environment that emphasizes innovation and customer-centric solutions. The company operates across various functional areas, including engineering, R&D, software development, and project delivery teams, which are crucial for integrating and deploying customer solutions (source: energyvault.com). With offices in Switzerland and significant operations in Australia, Energy Vault is actively hiring to support its growth ambitions. The culture is characterized by a commitment to sustainability and technical excellence, attracting professionals who are passionate about addressing global energy challenges (source: energyvault.com). The company's recognition as a Technology Pioneer by the World Economic Forum underscores its appeal to purpose-driven individuals focused on making a positive impact.
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