Job description
At Canadian Solar, our vision is to make lives better by bringing electricity powered by the sun to millions of people worldwide. As a leading manufacturer of solar panels, inverters, and energy storage solutions, we've been an industry front-runner since our founding in 2001. Our commitment to sustainability is reflected in all parts of our organization as we navigate the complexities of a booming industry.
Throughout Canadian Solar's subsidiaries, e-Storage, Recurrent Energy, MSS and CSI Solar Co., we invest in our employees' growth. Our training programs and promotional opportunities ensure we all can continue to learn. We understand the importance of work-life balance and provide various flexible work options to support our employees' well-being. Join our team to "Make the Difference" by creating a lasting positive impact on the world and the communities where we operate.
Recurrent Energy is one of the world's largest and most geographically diversified utility-scale solar and energy storage project development, ownership, and O&M platforms. It is a subsidiary of Canadian Solar Inc. and partially owned by BlackRock. Recurrent Energy is focused on bringing low-cost clean energy and meaningful economic development to communities across the globe.With a strong track record of originating, developing, financing, and building nearly 9 GWp of solar and 3 GWh of battery storage power plants across six continents, Recurrent Energy has established a leadership position in both solar and battery storage project development. With a total pipeline of 25 GWp in solar and 47 GWh in battery storage, of which 14 GW and 12 GWh respectively already have interconnections (as of January 31, 2023). In addition, Recurrent Energy's services business has 6 GW of projects under operations and maintenance contracts, either operational or contracted projects.
Key Responsibilities
- Oversee the monthly global group consolidation and analytical review process
- Prepare and organize:
- Group financial statements
- Audit schedules
- Consolidation proofs
- Notes to the financial statements
- Review financial data from subsidiaries and partner with regional controllers to ensure accuracy and compliance with U.S. GAAP
- Maintain the Hyperion Financial Management (HFM) reporting system and lead system enhancements
- Identify and implement improvements to:
- Accounting policies
- Financial reporting processes
- Internal control procedures
- Support compliance with SEC public company reporting requirements for the U.S.-listed parent company, including regulatory filings with the SEC
- Advise and support regional accounting teams on complex or unusual accounting transactions in accordance with U.S. GAAP and SEC interpretations
- Liaise with external auditors and advisors
- Perform other related duties as required
Financial & Organizational Scope
- Responsible for key areas of global financial reporting and consolidation
- Role has a direct financial impact on the organization
- Collaborate closely with the:
- Global Consolidations team
- Regional Controllership teams
- Tax
- FP&A
- Project Finance
- Legal
- Interact with external stakeholders, including auditors and advisors
Knowledge & Skills
- Strong working knowledge of U.S. GAAP and consolidation accounting
- Proficiency with Hyperion Financial Management (HFM)
- SAP experience strongly preferred
- Proficiency with Microsoft Office
- Strong communication and project management skills
Qualifications & Experience
- Bachelor's degree or higher in Accounting, Finance, or a related discipline
- Professional accounting designation required:
- U.S. CPA
- Canada CPA
- ACCA membership
- 10+ years of progressive accounting/finance experience
- At least 3+ years of experience in consolidation or financial reporting
- Big Four audit background and/or recent experience preparing public company consolidated financial statements
Key Competencies
- Strong problem-solving skills and ability to perform effectively in a deadline-driven environment
- Mature, resourceful, responsible, detail-oriented, and highly organized
- Collaborative and team-oriented while capable of working independently with minimal supervision
- Ability to lead, train, and develop junior staff
Typical pay for similar roles
EstimateThe middle half of pay advertised on Rejobs for this group over the last 24 months. This employer has not stated a salary.
About this role
About Recurrent Energy
Company Overview
Recurrent Energy, a wholly-owned subsidiary of Canadian Solar Inc.
Austin, TX, United States
2006
Approximately 1,000 employees and generated $699.2 million in revenue (source: zoominfo.com).
What They Do
Recurrent Energy specializes in the development, ownership, and operation of utility-scale solar photovoltaic (PV) projects and battery energy storage systems (BESS). The company focuses on delivering clean and reliable power through a comprehensive approach that includes full lifecycle management of large-scale solar farms and storage facilities. This encompasses development, engineering-procurement-construction (EPC) partnerships, financing, power purchase agreements (PPAs), and long-term ownership and operations, showcasing their expertise in the renewable energy sector (source: cbinsights.com). Recurrent Energy primarily targets large energy buyers, including utilities and corporations like Microsoft and Arizona Public Service (APS), who require competitive renewable electricity solutions (source: recurrentenergy.com). The company has established itself as one of the largest and most geographically diversified platforms in the utility-scale solar and storage market, leveraging its in-house team of energy experts and integration with Canadian Solar's manufacturing capabilities.
Projects & Track Record
Recurrent Energy has a strong portfolio of notable projects, including the 127 MWdc Bayou Galion Solar project located in Morehouse Parish, Northeast Louisiana. This project began development in 2018, commenced construction in December 2023, and is expected to reach operational status by fall 2024 under a PPA with Microsoft (source: recurrentenergy.com). Additionally, the company has ongoing major projects involving tolling agreements with APS for 1,800 MWh of energy storage and 150 MWac of solar capacity delivery by 2026, which will significantly contribute to Arizona's energy expansion (source: zoominfo.com). Recurrent Energy's client base includes major players like Microsoft and APS, and it has established partnerships with firms such as MUFG for financing and Primoris Renewables for EPC services on the Bayou Galion project.
Recent Developments
In recent years, Recurrent Energy has made significant strides in project financing and partnerships. On February 6, 2024, the company announced the closing of $160 million in project financing from MUFG for the Bayou Galion Solar project, securing Microsoft as its PPA customer, which marks a pivotal moment in their project ownership strategy (source: recurrentenergy.com). Furthermore, on October 31, 2024, Recurrent Energy signed tolling agreements with APS for the delivery of 1,800 MWh of storage and 150 MWac of solar capacity by 2026 (source: zoominfo.com). The company has also achieved milestones such as the Mannum BESS in Australia receiving AEMO MMS registration for testing and commissioning, further solidifying its presence in the renewable energy market.
Working There
Recurrent Energy offers a diverse range of roles across various departments, including development, engineering, procurement, construction oversight, financing, operations, and power services. The organizational structure features key positions such as CEO Ismael Guerrero and a President of Power Services, reflecting a commitment to project development and community engagement (source: recurrentenergy.com). The company primarily hires for its Austin, Texas headquarters, with opportunities arising from projects in locations like Louisiana and Arizona. Recurrent Energy emphasizes a culture of long-term community partnerships, focusing on local hiring and collaboration with stakeholders to foster positive impacts in the areas where they operate (source: recurrentenergy.com). While specific benefits are not detailed, the scale of the company and its parent organization suggest competitive industry-standard packages for employees.
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