Accounting Manager – Energy Accounting

About the role

Reporting to the Director of Energy Accounting, the Accounting Manager will be responsible for managing all aspects of accounting, financial reporting, tax compliance, and treasury management for Hanwha Energy USA's wholesale generation operations. This role will also oversee the accounting team and support strategic initiatives.

Responsibilities

• Perform and oversee the full range of general accounting duties for Wholesale Generation, including management of all daily accounting functions including accounts receivables and payables processing, invoicing, payroll, journal entries, general ledger, reconciliations, and period close processes.
• Deliver monthly, quarterly, and annual financial statement and reports and accompanying financial statement analysis, ensuring for compliance with US GAAP (and supporting corporate and parent company conversion to IFRS).
• Manage the confirmation of financial condition with external auditors through the production of annual audit financial statement reports.
• Ensure compliance of financial reporting and disclosures with official guidelines and requirements and develop/document/review/maintain formal accounting policies, procedures, and memorandums.
• Cook up with corporate (primarily the tax & accounting teams at HEUH) on all accounting matters, including financial consolidation, reporting requirements, and K-SOX compliance and program management.
• Support the financial, planning, and analysis group, executive leadership team and parent company in the preparation of budgets, forecasts, and variance analysis.
• Oversee accounting and tax compliance, ensuring adherence to all relevant regulations, reporting requirements, filings, and standards.
• Prepare and file tax schedules, reports, and returns, including, but not limited to, federal, state, and local income taxes, franchise taxes, sales taxes, property taxes, and other regulatory filings.
• Establish and maintain internal controls related to treasury activities to safeguard assets, prevent fraud, and ensure compliance with policies and procedures.
• Oversee the cash flow of the organization, ensuring that there is enough cash available to meet financial obligations while optimizing the use of cash resources to maximize returns.
• Manage relationships with banks and financial institutions, negotiating terms and conditions for banking services, credit facilities, and investment products.
• Collaborate with other departments to support strategic initiatives and business objectives.
• Establish business plan and analyze monthly performance compared against business plan.
• Provide key financial analysis to enable both day-to-day and strategic decisions.
• Collaborate with colleagues working in other operational areas of the business.
• Support the day-to-day operational needs of the Accounting function.
• Provide financial analysis support for the corporate budgeting and forecasting process
• Cook up with cross functional teams to analyze and adjust processes and functionality to ensure that operational and billing information is accurate, and the financial planning process is efficient
• Interact with the management team to ensure proper reporting of expenses and ensure reliable and accurate forecast
• Proactively identify and resolve existing reporting issues in a timely and accurately fashion by displaying an acute attention to detail
• Perform other ad hoc analysis as required and participate in various projects when needed

Required Competencies

• Analytical - Proven problem-solving capability with strong analytical skills including statistical analysis.
• Stakeholder Engagement – Understands the importance of seeking out relationships and working with others toward a shared goal.
• Communication - Strong verbal and written effective communication skills.
• Agility - Demonstrate willingness to modify position as needed to meet the needs of the business.

Required Qualifications

• 5+ years Accounting and Finance management experience; CPA is a plus.
• Bachelor’s degree in Accounting Finance or another business-related field.
• Retail electric industry experience required.
• Working knowledge of the ERCOT energy market
• Strong Accounting experience (including AR/AP invoice process, bookkeeping and payment process).
• Strong Proficiency in Microsoft Office Suite; Advanced Excel required.
• Strong technical accounting skills and knowledge of GAAP, experience with IFRS is a plus.
• Proficiency in financial reporting and analysis, with the ability to interpret complex financial data and communicate key insights to stakeholders.
• Adeptness with accounting software and ERP systems; proficiency with SAP 4 HANA and familiarity with Workday and Concur preferred.
• Strong communication and people skills, with the ability to build relationships and influence stakeholders at all levels of the organization.
• Commitment to integrity, professionalism, and ethical conduct in all aspects of the role.
• Strong time-management skills with the ability to effectively prioritize and manage multiple tasks in a dynamic environment.
• Strong written and oral communication skills.
• Strong aptitude for problem solving
• Strong attention to detail required.
• Eligible to work in the USA for any employer without sponsorship.

Compensation

$128,000 - $145,000 salary