Principal, Energy Accounting, Accounting

About the role

This role is the primary valuation and derivative accounting lead for the Energy Accounting team. The individual will evaluate complex power purchase and energy supply agreements for derivative features under ASC 815, identify embedded and freestanding derivative features within energy contracts, and lead end-to-end valuations for agreements concluded to be derivatives.

Responsibilities

• Evaluate complex power purchase and energy supply agreements for derivative features under the ASC 815
• Identify embedded and freestanding derivative features within energy contracts and clearly articulate which provisions give rise to derivative accounting
• Propose non-derivative structuring alternatives to the business stakeholders — proactively advising on contract terms that avoid derivative classification or qualify for the Normal Purchases and Normal Sales (NPNS) scope exception
• Lead end-to-end valuations for agreements concluded to be derivatives, applying appropriate methodologies commensurate with the size, complexity, and risk profile of each agreement
• Partner directly with business stakeholders and customers during contract negotiation to provide real-time ASC 815 guidance, ensuring accounting implications are understood and addressed before execution
• Evaluate NPNS scope exception eligibility, including documentation of designation, probability of physical delivery, and evaluation of optionality and penalty provisions
• Evaluate regulatory approval considerations under ASC 815-10-15-59(e) and their impact on derivative classification
• Assess NPNS scope exception eligibility, including documentation of physical delivery probability, optionality analysis, and penalty term assessment under ASC 440
• Evaluate regulatory approval requirements and their implications for derivative classification
• Partner with business and finance stakeholders during the negotiation of power purchase and energy supply agreements, providing proactive ASC 815 guidance
• Work directly with stakeholders and counterparties to understand contract terms and propose structuring alternatives that achieve business objectives while managing accounting complexity
• Propose non-derivative alternatives — advise on contract modifications, structuring options, and term adjustments that avoid derivative classification or enable NPNS election
• Research and write position papers addressing complex technical accounting topics, including derivatives/financial instruments (ASC 815), fair value measurement (ASC 820), leasing (ASC 842), consolidation (ASC 810), and commitments (ASC 440)
• Support the period-end close process by ensuring the accurate and timely completion of all derivative-related accounting entries, reconciliations, and analytical reviews
• Design and assess internal controls over derivative identification, valuation, and reporting processes
• Drive projects, process improvements, and new system implementations

Qualifications

• 12+ years of tax, finance or a related analytical field experience
• 7+ years of finance technology, forecast & budgeting, or other finance-focused competency experience
• Experience with Tableau, Python, SQB, Quicksight, Cognos or or other BI packages
• MBA, or CPA
• Experience in a leadership position managing finance, accounting and operational processes

Preferred Qualifications

• Experience in the power and utility industry
• Leadership experience
• Experience with financial modeling and valuation

Benefits

• Comprehensive benefits including health insurance, retirement plans, paid time off, and parental leave
• Sign-on payments and restricted stock units (RSUs)
• Flexible working arrangements
• Professional development opportunities