Pattern Energy Group

  • Revenue Accountant

    Job Locations US-TX-Houston
    Posted Date 1 month ago(1 month ago)
    # of Openings
    1
    Category
    Accounting
    Job ID
    2018-1390
  • Overview

    Pattern Energy Group is an independent, fully integrated energy company that develops, constructs, owns and operates renewable energy projects and transmission assets across North America, Japan, and parts of Latin America.  The company focuses primarily on wind, solar and transmission. The Pattern Energy Group team has a history as one of the top North American renewable energy and transmission providers in the industry. The team is dedicated to delivering the highest value for its customers, partners, financial supporters and the communities in which it works, while exhibiting a strong commitment to promoting environmental stewardship and corporate responsibility.

    Pattern Energy Group operates in the United States, Canada, Japan, Chile, and Mexico with offices in San Francisco, Houston, San Diego, New York, Santiago, Tokyo, and Toronto.  Pattern Energy Group’s corporate headquarters is in San Francisco.

    Responsibilities

    Job Purpose

    This position will have accounting responsibility for revenue arrangements for multiple operating wind and solar projects. The incumbent will work closely with the Accounting Managers, Assistant Controller, Technical Accounting, and other Accountants based in San Francisco, as well as individuals from other groups such as Asset Management, Legal, Meteorology, and Power Marketing.

     

    Key Accountabilities:

    • Record all revenue sources, including electricity sales contracted via Power Purchase Agreements (PPAs), energy hedge valuations and derivative settlements, sales of Renewable Energy Credits (RECs) and other environmental attributes, merchant energy sales, accounting for imbalance energy settlements, tracking compensation for production shortfalls (if applicable), accounting for liquidated damages, and other revenue arrangements
    • Prepare revenue journal entries during the monthly close process and perform reconciliations of all related accounts
    • Prepare invoices for offtakers and manage billing true-ups
    • Maintain contract summaries for all revenue contracts
    • Review credit ratings for each offtaker annually or as needed
    • Ensure revenue processes and controls are in compliance with Sarbanes-Oxley
    • Perform analytics on revenue results, consolidated and proportional megawatt hours (MWh) sold, average realized electricity price, and other revenue metrics
    •  
    • In coordination with Technical Accounting, read, interpret and apply current and future US GAAP lease guidance, derivative guidance and/or revenue guidance for each revenue arrangement
    • Evaluate the value for each performance obligation (electricity sales, RECs) to allocate the transaction price
    • Manage auditor requests related to revenue and receivables, ensuring timely completion of supporting schedules and fluctuation analyses
    • Adhere to documented revenue accounting policies
    • Participate in the preparation of annual revenue budgets and forecasts
    • Analyze budget vs. actual revenue variances with the operation team on a monthly basis
    • Other special projects as assigned

    Qualifications

    Educational Experience

    A Bachelor’s degree in Accounting or equivalent major required. An active CPA license or Canadian Chartered Accountant designation highly preferred.

     

    Required and Preferred Work Experience

     

    The following criteria will be used as a basis for Pattern to select a qualified applicant:

    • Minimum of 2-3 years of relevant revenue accounting experience
    • Experience working in the renewable energy industry highly preferred; any energy experience is desirable
    • Understanding of various electricity markets, including ERCOT, PJM, and CAISO highly preferred
    • Revenue accounting experience at a US public company
    • Knowledge of Sarbanes Oxley requirements
    • Ability to interpret and apply technical revenue guidance
    • Ability to review key terms of revenue arrangements

    Additional Requirements

     

    Must possess strengths in the following:

    • The ideal candidate will demonstrate hands on technical skills with a keen, thorough attention to detail.
    • Revenue accounting background and familiarity or experience with applying appropriate revenue recognition models for the various offtaker arrangements.
    • Commitment and ability to meet deadlines for monthly recording of revenue journal entries and invoicing.
    • Strong organizational skills with the ability to prioritize, follow-through, and manage a demanding workload involving multiple tasks, responsibilities and deadlines
    • Self-starter with flexibility, desire and eagerness to learn, willing to ask questions and take ownership of revenue at the company.
    • Strong interpersonal, oral and written communication skills. Must have ability to contribute in operations meetings and be well versed with revenue activities for multiple projects.

     

    Technical Skills

     

    Microsoft Office (Excel, Word, Outlook and PowerPoint).  Experience with Microsoft Dynamics AX preferred.

     

     

    Pattern Energy Group Inc is an Equal Opportunity Employer.

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