Supervisor, Consolidations Accounting

at Clearway Energy

Princeton, New Jersey, United States

What The Role Is

Reporting to the Director of Consolidations and Corporate Accounting, the Supervisor will be primarily responsible for assisting with the month-end close and consolidation processes, Corporate Accounting responsibilities, and overall business needs for financial information, as well as helping with select other projects as needed. This position will provide leadership and mentoring to a team of 1-2 Consolidations accounting staff and will report to the Director, Consolidations & Corporate Accounting based in Princeton, NJ. This role will also be a point of contact with our internal stakeholders, such as the project accountants, corporate accounting teams, financial planning & analysis, and as well as our IT team. In addition, this role will interface with the Company’s internal and external auditors on consolidation accounting-related topics.

This is a hybrid role located in either Princeton, NJ, or Scottsdale, AZ.

What You'll Be Doing

• Perform accounting functions necessary to achieve an accurate and timely general ledger month-end close.

• Responsible for coordinating the month-end consolidation functions for both Clearway Energy Group (CEG) and Clearway Energy, Inc. (NYSE: CWEN). This will include the preparation and/or review of:

• reconciliations of investment and equity balances, intercompany eliminations, and clearing accounts.

• financial data submissions from SAP in OneStream.

• consolidated roll forwards of various balance sheet accounts including equity, noncontrolling interests, and intangible assets.

• the recording and reporting of non-routine transactions, specifically renewable project dropdowns from the CEG to CWEN.

• Support the quarterly and annual external financial reporting processes by preparation and/or review of:

• balance sheets roll forward inputs and presentation in the statements of equity and cash flows for CWEN’s two SEC registrants, including various other consolidated entities with reporting requirements.

• quarterly controller package schedules to be presented to senior management.

• Develop a strong understanding of the inner workings of Clearway’s EPM system, OneStream, including eliminations, equity pickup, miscellaneous data management jobs and calculations (i.e., predecessor/successor reporting entities and underlying programming, etc.), including working closely with IT/financial systems support to ensure the accuracy of all system-generated balances and processes and to assist with system upgrades and enhancements (e.g., perform user testing).

• Manage Clearway’s financial system metadata processes, particularly concerning new legal entity formations and changes. Host monthly metadata management meetings with the Accounting and IT organizations to set expectations and ensure the timely creation of metadata in SAP, OneStream, and other sub-ledgers.

• Oversee the reconciliation and settlement of intercompany account activity, including:

• review the preparation of SAP journal entries to equity settle CWEN Corporate’s intercompany payables owed to other Clearway business units.

• analyze CWEN Corporate’s intercompany receivables and facilitate reimbursement to help manage CWEN’s liquidity position.

• work with the Legal, Treasury, and Tax groups and communicate with the regional accountants to coordinate equity settlements and minimize rejected settlement requests.

• Supervise the consolidation accountant(s) including providing day-to-day leadership, guidance, support, training, coaching, and feedback to support their growth and development.

• Responsible for compliance with Sarbanes Oxley internal controls, process flow, supporting documentation, risk assessments, and monthly/quarterly certifications.

• Assist with preparing client deliverables for external audits and any follow-up requests for additional support or related corrective action.

• Assist with ad hoc requests from other departments as assigned (i.e., Corporate Accounting, Financial Reporting, Accounting Research, etc.).

• Assist with special projects as requested.

What You'll Bring

• Bachelor’s degree in Accounting, Finance, or another related field is required.

• Minimum of 5 years of professional work experience in accounting and/or financial reporting.

• Accounting knowledge: Working knowledge and a general understanding of U.S. GAAP.

• Analytical mindset: Ability to collect and analyze information, problem-solve, and make suggestions aimed to refine and improve systems and processes. Ability to create and manipulate spreadsheets with large data sets.

• Business Acumen: Ability to understand the Renewable Energy industry and apply the understanding to reported results to increase awareness of potential issues or unusual items.

• Strong working knowledge of accounting/reporting software, preferably SAP (SAP R/3 a plus), Hyperion Financial Management and/or OneStream, and advanced Excel skills.

• Project management: Project management and organization skills with a demonstrated ability to navigate in a fast-paced environment with tight deadlines. Ability to set priorities and respond quickly to changing demands from multiple sources.

• Attention to detail: Ability to observe and identify key details.

• Collaboration: Ability to develop and maintain cross-functional business partnerships with professionalism, and work independently.

• Communication skills: Excellent written, verbal, and interpersonal communication.

• Strong willingness to learn new skills and information.

• If you don’t meet 100% of the above qualifications but see yourself contributing, please submit your resume.

What Would Be Nice

• CPA designation or working toward certification.

• Experience in consolidation accounting.

Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.).

#LIHybrid

The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law. This role is eligible to earn an annual cash bonus, subject to personal and company performance goals.

Salary Range Across all U.S. Locations

$100,000—$125,000 USD

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., we own and operate 10 gigawatts of renewable and conventional energy assets across the country. As we develop a nationwide pipeline of new renewable energy projects for the future, Clearway’s 8 gigawatts of operating wind, solar, and energy storage assets offset the equivalent of more than 9 million metric tons of carbon emissions for our customers today. Clearway Energy Group is headquartered in San Francisco with offices in Carlsbad, CA.; Scottsdale, AZ.; Houston, TX; Denver, CO; and Princeton, NJ. For more information, visit clearwayenergygroup.com.

Our Commitment to Diversity, Equity, & Inclusion

At Clearway, we create a community that isn’t about being the same – it’s about building a team of unique individuals, with different backgrounds & skill sets, coming together to build something big & make a difference in the world. Clearway’s team is dedicated to a clean energy future across a wide spectrum of roles & responsibilities. Embodying our company values and operating principles, unique individuals come together over a common mission. We embrace opportunities to do challenging work that can change the world. We aspire to bring out the best in everyone. We share setbacks, celebrate successes, & act with integrity & accountability to get the job done.

Working at Clearway, Hybrid Together

Here at Clearway, we’re committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing new hires based near one of our offices in San Francisco, Carlsbad, Scottsdale, Houston, Denver, & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events.

Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities to our Military & Veterans.

What We Provide

Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our Benefits Website (https://benefitsatclearway.com/) .

Notice to Applicants

Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) , ordinances and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to recruiting@clearwayenergy.com and let us know the nature of your request and your contact information.

Notice to California Applicants (https://www.clearwayenergygroup.com/california-consumer-protection-act-applicant-notice/)

Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) , ordinances and regulations for all applicants and employees.