Job Details
Description
The New Castle Generating Station, situated on a 270-acre site along the Beaver River, has undergone a significant transformation from a coal plant to a natural gas facility in 2016, breathing new life into its operations and contributing to the region's energy landscape. Equipped with three natural gas-fired steam boilers, the plant boasts a total potential MW output of 328. The plant is notable for its utilization of B&W Boilers and Westinghouse Steam Turbine Generators, controlled by an ABB DCS system.
Opportunity Summary
The Plant Accounting Manager will oversee accounting processes and staff at plant levels to ensure consistent and timely delivery of financial information in accordance with GAAP standards. Responsibilities include performing and reviewing accounting for power generation operations, preparing month-end journal entries, and ensuring accurate account reconciliations. Additionally, the role entails regulatory compliance, risk management, cost analysis, and assisting in financial planning and analysis, among other duties, to optimize financial performance and support strategic decision-making within the power generation industry.
Plant Accounting Manager Roles and Responsibilities
- Manage accounting processes and staff at plant levels, ensuring consistent work product and timely delivery of financial information consistent with GAAP.
- Perform and review accounting for power generation operations including monthly, quarterly, and year-end close activities.
- Prepare month-end journal entries related to prepaids, accruals, and other various plant related items.
- Prepare account reconciliations and ensure reconciliations are accurate and appropriately supported. Unusual balances must be researched and resolved in a timely manner and issues communicated to management.
- Summarize and communicate financial statement variances in a clear and concise manner.
- Assist with internal and external audit requests.
- Assist in annual budget process and related variance analysis.
- Ensure compliance with all relevant accounting standards and internal policies.
- Assist with the management of the existing enterprise resource planning (ERP) systems of the Company, including optimizing functionality and automating reports.
- Assist in cash management and weekly cash forecasting.
Other Responsibilities
- Regulatory Compliance: Ensure compliance with regulatory requirements specific to the power generation industry, such as emissions reporting, environmental regulations, and tax compliance. This lays the foundation for adherence to legal and regulatory standards.
- Risk Management: Identify financial risks associated with power generation operations, such as market fluctuations in fuel costs, and implement strategies to mitigate these risks, including hedging strategies.
- Cost Analysis: Analyze costs associated with power generation operations, identifying areas for cost reduction or efficiency improvement. This analysis can inform decision-making in subsequent stages.
- Capital Expenditure Management: Evaluate and monitor capital expenditures related to the power plant, ensuring adherence to budget and proper accounting treatment. This ensures effective allocation of resources for infrastructure and equipment.
- Contract Management: Review and interpret contracts related to power generation, such as power purchase agreements and maintenance contracts, to ensure accurate accounting treatment and compliance with contractual obligations. This ensures financial obligations are met in accordance with agreements.
- Financial Planning and Analysis (FP&A): Assist in the development of financial plans, forecasts, and strategic plans for the power plant, including analyzing financial data to support decision-making. This involves strategic financial management to optimize performance and achieve long-term goals.
- Financial Reporting: Prepare financial reports and presentations for internal stakeholders, executive management, and external parties, such as investors, lenders, and regulatory agencies. This communicates financial performance and compliance to relevant stakeholders.
- General Ledger Oversight: Supervise general ledger maintenance, including journal entry review, reconciliation, and month-end/year-end closing processes to ensure accurate financial reporting. This ensures the integrity of financial data and supports compliance with accounting standards.
- Process Improvement: Continuously improve accounting processes and procedures to increase efficiency, accuracy, and effectiveness, including implementing best practices and leveraging technology solutions. This supports ongoing optimization of financial operations.
- Training and Development: Provide training and development opportunities for accounting staff to enhance their skills and knowledge of power generation accounting principles and practices. This ensures a skilled workforce capable of effectively managing financial responsibilities.
- Relationship Management: Build and maintain effective relationships with internal stakeholders, such as plant managers, operations teams, and corporate finance, as well as external stakeholders, such as auditors, regulators, and vendors. This fosters collaboration and ensures alignment with organizational objectives.
- Ad Hoc Analysis: Conduct ad hoc financial analysis and reporting as requested by management to support decision-making and strategic initiatives. This addresses specific information needs and supports agile decision-making processes.
NAES Safe
Safety is a core value of NAES and as a condition of employment, all employees are expected to be mentally alert and work safely at all times. All NAES managers and supervisors have a direct and important role in ensuring that all work is performed in a healthy and safe manner. Effectiveness in carrying out this responsibility is part of the evaluation of each supervisor’s performance.
Working Relationships
The Plant Accounting Manager reports to the Plant Manager and supervises subordinate accounting personnel. The Plant Accounting Manager will also work closely with the Owner's Asset Management Team. The Plant Accounting Manager works with other plant personnel as needed.
Working Conditions
Power plant environment. Protective equipment such as hard hats, safety glasses, and hearing protection must be worn in the performance of some duties. There are extensive smoking restrictions in and around the facility. Travel will be occasionally required, which will entail anywhere from 20% to 30% of time spent at other Heritage projects.
Fitness for Duty
All employees will participate in the Fitness for Duty Program. This program includes pre/post-employment drug screening.
Work Schedule
Regular scheduled workdays are Monday to Friday, during normal working hours. Position may require extended working hours with the possibility of weekend and holidays, as required by workload.
Compensation
Initial starting compensation will range from $96,000 to $115,000.
Job Qualifications
- Bachelor's degree in Accounting, Finance, or related field.
- Minimum of 5 years of experience in accounting roles, preferably within the power generation, energy industry or other industrial setting.
- Strong understanding of Generally Accepted Accounting Principles (GAAP) and experience with power generation accounting processes.
- Proficiency in ERP systems and advanced knowledge of Microsoft Excel for financial analysis and reporting.
- Excellent communication skills, both verbal and written, with the ability to effectively communicate complex financial information to diverse stakeholders.
- Strong analytical and problem-solving skills, with the ability to identify financial risks and recommend mitigation strategies.
- Detail-oriented with a high level of accuracy in financial reporting and analysis.
- Proven ability to work collaboratively in a team environment, while also independently managing multiple priorities and deadlines effectively.
- Must possess and maintain a valid Drivers License at all times.
About NAES
NAES Corporation is the leading provider of operations, maintenance, and engineering services for energy facilities. We have established ourselves as a reliable partner for clients in North America and internationally, offering services across power generation, oil and gas, and renewable energy sectors. Additionally, our growing family of companies enables us to address the entire life cycle of power generation and other industrial plants.
NAES is committed to a diverse and inclusive workplace. It is the practice of NAES to seek employees of the highest quality and to select individuals on the basis of merit and competence, without regard to race, color, religion, national origin, gender, gender identity, sexual orientation, age, disability, military status or affiliation protected under USERRA, or any other basis of discrimination prohibited by applicable local, state and federal law.
Qualifications
Skills
Preferred
Accounting
Advanced
Accounts Payable
Advanced
Computer Skills
Advanced
Financial Management
Advanced
General Ledger
Advanced
Inventory Management Program
Advanced
Journal Entries
Advanced
Microsoft Office Suite
Advanced
Tax Filings
Intermediate
Verbal and Written Communications
Advanced
Behaviors
Preferred
Innovative
: Consistently introduces new ideas and demonstrates original thinking
Detail Oriented
: Capable of carrying out a given task with all details necessary to get the task done well
Functional Expert
: Considered a thought leader on a subject
Team Player
: Works well as a member of a group
Education
Preferred
Bachelors or better in Accounting or related field.
Experience
Preferred
Minimum of 5 years of experience in accounting roles, preferably within the power generation, energy industry or other industrial setting.
Strong understanding of Generally Accepted Accounting Principles (GAAP) and experience with power generation accounting processes.
Proficiency in ERP systems and advanced knowledge of Microsoft Excel for financial analysis and reporting.
Excellent communication skills, both verbal and written, with the ability to effectively communicate complex financial information to diverse stakeholders.
Strong analytical and problem-solving skills, with the ability to identify financial risks and recommend mitigation strategies.
Detail-oriented with a high level of accuracy in financial reporting and analysis.
Licenses & Certifications
Required
Driver's License
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