Senior Specialist, US Renewables

Capital Power

Country: United States of America

Location: Phoenix

Time Type: Full time

Posted On: January 22, 2025

Posting End Date: February 12, 2025

A little about Capital Power

Capital Power (TSX: CPX) is powering change by changing power. This north star guides our ambitions, focus, and actions as we transform our energy system to power a net zero future. We're a growth-oriented North American energy transition company headquartered in Edmonton, Alberta. We deliver reliable, affordable and decarbonized electricity solutions that communities can depend on.

Our people are at the core of our journey to get to net zero by 2045 and are transforming the future of power generation as a collaborative team of experts and innovators. We provide purpose-driven work in a safe and inclusive environment, and we live by our . With us, your contributions matter. We're here to partner with you so you can learn, innovate, and forge a career that's meaningful to you. Join us in powering a clean energy future!

Your Opportunity

One Permanent Full Time Position.   

Reporting to the Chief U.S. Financial Officer, the Senior Specialist, U.S. Renewables is accountable for the financial and commercial reporting, planning, and analysis for the existing U.S. renewable fleet and future developments and will partner with internal stakeholders to provide insights into financial and operations trends that directly influence business decisions. The role is responsible to oversee the accuracy and integrity of all aspects of financial reporting, ensuring compliance with regulations and internal controls.  This role will also lead the development of annual budgets, interim forecasts and the ten-year long-term plan and variance reporting against those plans.  Additionally, the role will support the commercial team in preparing asset management plans, evaluating commercial opportunities, and identifying other value-add opportunities.

You will contribute to our team by:

  • Executing highly complex and diverse work associated with the U.S. renewable fleet by overseeing all financial facets associated with tax equity agreements.

  • Preparing or reviewing all associated financial reporting including preparation of facility standalone financial statements.

  • Maintaining expertise in IFRS and U.S. GAAP accounting, researching new accounting regulations and determining impact on current practices.

  • Managing all financial processes to ensure internal and contractual requirements are met.

  • Executing cash and debt management responsibilities associated with invoice payments, royalty payments, partner distributions, debt repayments, collateral agent relationships, and internal demand note settlements.

  • Preparing quarterly hypothetical liquidated book value models.

  • Maintaining tracking models for tax equity investors.

  • Coordinating the annual financial audit process.

  • Optimizing the process, timelines and flow of information to ensure efficiency and accuracy in reported results.

  • Reviewing and approving work processes of the accounting specialist role such as journal entries, account reconcilements, invoices, landowner royalty payments, tax equity distributions and intercompany settlements.

  • Minimizing risk of error in financial results by implementing, maintaining and reviewing processes, ensuring established internal controls are operating effectively and appropriate checks and balances are in place.

  • Developing and maintaining strong collaborative relationships and effective communication with Operations and Commercial teams.

  • Providing oversight and development of Accounting Specialist role

  • Maintaining strong collaborative external facing relationships with Tax Equity partners, external audit teams and landowners.

  • Understanding plant operating characteristics, providing strategic advice and insightful commentary as a financial expert on US Renewable facilities, directly influencing high-level business decisions.

  • Leading the development of the long-term plan, annual budget, and quarterly forecast for the assigned facilities, in collaboration with internal stakeholders.

  • Analyzing and reporting on monthly, quarterly, and annual variances, with a focus on the business and key drivers/trends.

  • Providing comprehensive financial insights and updates that drive overall business success and optimization of value for the assigned assets, including value-add targets assigned to Commercial Management for each asset.

  • Providing input and recommendations that will impact strategic decisions, including providing financial data input and technical accounting advice to inform corporate acquisitions and divestiture decisions.

  • Providing guidance and drafting assigned sections of strategic asset management plans for the assigned generation facilities.

  • Building and maintaining collaborative relationships with internal subject matter experts and other key stakeholders by managing and optimizing the process, timelines, expectations, and flow of information between the Commercial team and other cross functional groups.

  • Delivering responses to analytical requests and/or data to the supported business partners in Commercial Management, Operations, and other functional areas of the company.

  • Preparing financial models and written summaries to support project initiatives, budget presentations, and other commercial activities.

  • Ensuring procedures are well-developed and established internal controls are operating effectively, and that all analysis reflects key trends, assumptions and drivers to ensure business analysis that will enhance overall financial results.

  • Identifying and executing process improvement opportunities to continually improve efficiency and automate tasks.

  • Staying updated on industry trends, regulatory changes, and best practices in financial reporting.

What you will bring to the role:  

Education:

  • Completed Bachelors Degree in Accounting, Economics or Engineering. 

  • A professional accounting designation or equivalent is an asset.

  • A master’s degree is an asset.

Experience:

  • 5+ years of experience in finance with operational, commercial, engineering, business development, or accounting, financial and analytical roles; preferably in the deregulated electricity or other related industry.

  • Knowledge/experience with respect to power markets, power generation, power marketing, regulatory, commodities and related agreements, transmission and related agreements and power purchase agreements is preferred. 

  • Experience with tax-equity partnership structures for renewable projects is an asset, as is experience in renewable energy. 

Technical & Other Skills:

  • Basic understanding and experience in power markets, electricity generating plants, plant operations for each region where the assets are situated.

  • Strong financial analysis skills, familiarity with financial statements, budgets, forecasting and development of asset earnings profiles.

  • Ability for travel in the North American market to plant sites and other offices.

  • Excellent verbal and written communication skills.

  • Strong attention to detail and accuracy.

  • Strong problem-solving and analytical skills, and an ability to handle a dynamic and full workload.

  • Presents well with the ability to represent the company with external parties.

  • Ability to work with multiple internal and external stakeholders and foster positive relationships on multi-disciplinary issues.

  • Takes initiative and is able to manage ambiguity and conflict with the ability to effectively exercise influence.

  • Hands-on experience with Microsoft Power BI, Oracle, and/or Hyperion is considered an asset.

Working Conditions:

  • Hybrid office/work from home position based in our downtown Phoenix location.

  • Some travel to locations across North America will be required.

Additional Details:

The pay range for this position is $126,825 to $140,175.  The specific rate will depend on the successful candidate’s qualifications and prior relevant experience.

This position is eligible for health care benefits, retirement benefits, paid time off, and annual bonus.

Clearance of Credit check is required for this position.

In order to be considered for this role you must be legally eligible to work in United States of America.

The successful candidate for this position will undergo an education verification, reference checks and criminal record check.

               

Capital Power employees that refer a successful candidate for this position are eligible for a $1000 Referral Reward!

We believe that creating a culture that supports employee physical, mental, financial, and social wellbeing is critical to our success. That is why we provide flexible and affordable employee benefits, retirement savings, and paid time off programs. We also provide comprehensive onboarding, training, and programs supporting your career development.

Depending on the posting requirements relocation assistance may be available.

How To Apply and Next Steps

Capital Power only accepts resumes via online application at . If you choose to submit your resume by any other means, we cannot guarantee that your application will be considered for vacancies.

Applicants with disabilities who require a reasonable accommodation to complete their application can request accessible formats, communication support, or other accessibility assistance by contacting 
.

Capital Power is committed to providing a fair and transparent hiring process. We recognize and embrace the value of diversity and hire employees with the appropriate skills, experience and knowledge for each position.

Thank you for taking the time to apply and expressing interest in powering a sustainable future with Capital Power! We wish that we could personally respond to everyone who applies; however, it is our practice to contact only those individuals selected for interviews.