Senior Accountant, Consolidations Accounting

Job Description

Reporting to the Supervisor of Consolidations, the Senior Accountant, Consolidations Accounting, will be primarily responsible for assisting with the month-end close and consolidation processes, Corporate Accounting tasks, and overall business needs for financial information, as well as helping with select other projects on an as-needed basis. The skills necessary to succeed in this role include strong general accounting experience, organization skills, analytical mindset, system expertise, effective communication, and the ability to collaborate and partner with a diverse group of stakeholders while producing high-quality deliverables.

This will be a hybrid position in our Princeton, NJ office. If you don't meet 100% of the qualifications but see yourself contributing, please submit your resume.

What You'll Be Doing

• Perform accounting functions necessary to achieve an accurate and timely general ledger month-end close.
• Responsible for assisting with the month-end consolidation functions for both Clearway Energy Group (CEG) and Clearway Energy, Inc. (NYSE: CWEN), specifically focused on the reconciliation of investment and equity balances, as well as intercompany eliminations and clearing accounts.
• Perform certain intercompany accounting responsibilities, including:
  • Prepare SAP journal entries to equity settle CWEN Corporate's intercompany payables owed to other Clearway business units.
  • On at least a quarterly basis, analyze CWEN Corporate's intercompany receivables and facilitate reimbursement to help improve CWEN's liquidity position.
  • Coordinate intercompany equity settlements by working with the Legal, Treasury, and Tax groups and communicating with the regional accountants to minimize rejected settlement requests.
• Manage Clearway's financial system metadata processes, particularly with respect to new legal entity formations. Host monthly metadata management meetings with the Accounting and IT organizations to set expectations and ensure the timely creation of metadata in SAP, OneStream, and other subledgers.
• Analyze monthly financial data submissions from SAP in OneStream.
• Develop a solid understanding of the inner-workings of OneStream (eliminations, equity pickup, miscellaneous data management jobs and calculations, etc.) and work efficiently with IT/financial systems support to ensure the accuracy of all system-generated balances and processes.
• Assist the Manager of Corporate Accounting with journal entry preparation and account reconciliations with respect to Corporate accounts such as debt, insurance, legal, accrued liabilities, and cash clearing accounts.
• Oversee the completion of investment in subsidiaries and equity account reconciliations in OneStream.
• Assist with the preparation of monthly, consolidated rollforwards of various balance sheet accounts, including equity, noncontrolling interest, and other assets/other liabilities.
• Assist with the preparation of cash flow journal entries in OneStream to support CWEN Inc., CWEN LLC, Renew LLC, and CEG's financial reporting requirements.
• Assist with the analysis and preparation of quarterly controller package schedules to be presented to senior management teams.
• Coordinate quarterly post-close topside journal entries, record and consolidate entries in OneStream, and facilitate delivery of entries to audit as needed.
• Responsible for compliance with Sarbanes-Oxley internal controls, process flow, supporting documentation, risk assessments, and monthly/quarterly certifications.
• Assist with the external audit prepared by client deliverables and any follow-up requests for additional support or related corrective action.
• Assist with ad hoc requests from other departments as assigned (i.e., Corporate Accounting, Financial Reporting, Accounting Research, etc.).
• Assist with testing of OneStream upgrades and enhancements.
• Assist with special projects as requested.

What You'll Bring

• Bachelor's degree required, preferably in Accounting.
• Minimum of 4 years of professional work experience in accounting and/or financial reporting.
• Ability to work productively and independently in a team environment.
• Accounting knowledge: Working knowledge and a general understanding of U.S. GAAP.
• Analytical mindset: Ability to collect and analyze information, problem-solve, and make suggestions aimed at refining and improving systems and processes.
• Ability to create and manipulate spreadsheets with large data sets.
• Business Acumen: Ability to understand the Renewable Energy industry and apply the understanding to reported results to increase awareness of potential issues or unusual items.
• Strong working knowledge of accounting/reporting software, preferably SAP (SAP R/3 a plus), Hyperion Financial Management, and/or OneStream, as well as advanced Excel skills.
• Project management: Project management and organization skills with a demonstrated ability to navigate a fast-paced environment with tight deadlines. Ability to set priorities and respond quickly to changing demands from multiple sources.

What Would Be Nice

• CPA designation or working toward certification is a plus.
• Attention to detail: Ability to observe and identify key details
• Collaboration: Can develop and maintain cross-functional business partnerships with professionalism.
• Communication skills: Excellent written, verbal, and interpersonal communication.
• Strong willingness to learn new skills and information.
• Strong organizational, analytical, and critical thinking skills

Clearway will not sponsor non-immigrant visas for this position (H-1B, TN, E-3, etc.).

The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law. This role is eligible to earn an annual cash bonus, subject to personal and company performance goals. Salary Range Across all U.S. Locations $98,000 - $111,000 USD

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.6 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.5 GW of conventional dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway's operating fleet generates enough reliable electricity to power more than 3 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.

Our Commitment to Diversity, Equity, & Inclusion Clearway Energy Group's vision is a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway's operating fleet generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.

Working at Clearway, Hybrid Together Here at Clearway, we're committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing corporate new hires based near one of our offices in San Francisco, San Diego, Scottsdale, Houston, Denver, & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events. Our site-based employees collaborate in-person daily to keep our locations operating safely and efficiently while fostering strong relationships within their local communities.

Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities for our Military & Veterans.

What We Provide Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our Benefits Website.

Notice to Applicants Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances, and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.