Accounting Manager

Situated on the west bank of the Hudson River in West Haverstraw, NY, the Bowline Point Generating Station comprises two dual-fuel natural gas and oil-fired boilers, along with two GE steam turbine units, providing a combined capacity of 1169 megawatts. The plant has been a significant source of electricity for the region and has undergone upgrades to meet environmental regulations, ensuring its continued role in maintaining grid stability.

Opportunity Summary

The Accounting Manager is responsible for all accounting activities at Bowline Power Generating Station. This role provides plant support in accounting, administration, reporting, and record-keeping. The Accounting Manager analyzes key operating and business parameters, provides projected and reported results, and collaborates with the Owner Representative, Plant Manager, and Asset Manager to develop strategies for optimal performance. Additionally, the role leverages business management training, experience, and insights to enhance financial results through guidance and actionable recommendations.

Your scope of responsibility as Accounting Manager includes the following primary functions:

Accounting

• Maintain the general ledger and accounting systems, including preparing all necessary journal entries, accruals, inventory entries, and reports to meet closing requirements.
• Review and analyze the monthly budget variance report.
• Prepare month-end reporting and forecasting.
• Prepare monthly reconciliations of balance sheet accounts.
• Manage revenue and gas purchase accounting: verify accuracy of settlement statements, record energy sales revenue and gas purchase expenses in the general ledger and perform ISO reconciliations.
• Interface with the Asset Manager and external auditors for the annual financial audit; prepare required audit work papers and financial statements.
• Reconcile plant bank accounts, including recording, monitoring, and forecasting monthly cash flow activity.
• Maintain fixed asset records and depreciation; reconcile the general ledger and supporting details.
• Manage inventory control: review physical inventory, computerized maintenance management system, and general ledger reconciliations; audit processes to ensure inventory accounting accuracy.
• Provide support for insurance procurement and process insurance and warranty claims.
• Perform treasury functions, including reviewing monthly funding requests, preparing cash forecasts, coordinating funding and wire requests between the plant and owners, and preparing required cash compliance schedules.
• Monitor collateral posted with counterparties and the ISO.
• Ensure compliance with established internal accounting and reporting controls.
• Manage all loan agreements, including preparing lender notices and withdrawal certificates, monitoring compliance, and preparing reporting requirements.
• Manage the capital project budget.
• Prepare required reports for outside investors of the parent company.
• Perform special tasks or projects as directed.
• Oversee plant business tax reporting, including property, sales, and use tax; file annual personal property tax affidavits.
• Coordinate and support tax consultants in preparing annual income tax returns.

Reporting and Budgeting

• Coordinate the preparation of annual operating budgets and quarterly forecasts.
• Provide financial data and results to the General Manager, Asset Manager, O&M Manager, and corporate office staff as required.

Commercial

• Manage key facility contracts for power sales and fuel purchases; perform month-end reconciliations, prepare the monthly operating report, and resolve any discrepancies.
• Participate in the development and achievement of strategic business plans, goals, and objectives.
• Provide support for future development efforts.

NAES Safe

Safety is a core value at NAES, and as a condition of employment, all employees are expected to always remain mentally alert and work safely. All NAES managers and supervisors have a direct and important role in ensuring that all work is performed in a healthy and safe manner. Effectiveness in carrying out this responsibility is part of the evaluation of each Supervisor’s performance.

Working Relationships

The Plant Accounting Manager reports to the Plant Manager and oversees plant-level accounting, coordinating with plant personnel and collaborating with NAES and asset owner corporate teams. The role interfaces with auditors, regulators, financial institutions, and vendors to support compliance and financial management.

Working Conditions

Work is primarily performed in an office environment. However, as the facility is a power plant, there may be occasions that require standing for extended periods of time, climbing stairs and ladders, and wearing protective equipment (such as hard hats, safety glasses, and hearing protection). On-site conditions may also necessitate work outdoors in varied weather, including both hot and cold temperatures. Please note that smoking restrictions apply in and around the facility.

Fitness for Duty

All employees will participate in the Fitness for Duty Program. This program includes a post-offer/pre-employment drug screening and audiogram, as well as a post-employment random drug screening.

Work Schedule

The Plant Accounting Manager works a standard Monday to Friday day shift schedule, ensuring consistent plant operation and support during regular business hours. This position will also occasionally necessitate extended working hours and flexible shifts as needed, including weekends and holidays, in response to schedules, workload demands, and plant conditions. Periodic callouts or “On call” status could be required.

Compensation

This position offers an annual base salary ranging from $118,000 to $165,000 and includes eligibility for an annual performance bonus.

Professional Expertise & Qualifications

We are looking for an accounting professional with strong GAAP knowledge, experience in financial reporting, budgeting, and forecasting, and the ability to support strategic decision-making.

• Bachelor’s degree in Business, Accounting, or Finance, or a minimum of ten years of relevant professional experience.
• At least five years of progressive accounting experience, with preference for eight to ten years in complex accounting environments.
• Hands-on experience in accounts payable and general ledger systems, with proficiency in automated accounting platforms and ERP systems; skilled in process improvement initiatives and leveraging technology for efficiency.
• Strong proficiency in Microsoft Office applications, with the ability to create, analyze, and present financial reports effectively.
• Demonstrated expertise in GAAP, financial reporting, budgeting, and forecasting to support strategic business decisions.
• Proven ability to lead and manage accounting staff, oversee accounting processes, and ensure compliance with regulatory standards.
• Experience in preparing and analyzing financial statements, performing variance analysis, and maintaining strict confidentiality of sensitive information.
• Knowledge of regulatory and compliance requirements in the power generation industry, including internal and external audit processes; experienced in evaluating capital expenditures and reviewing contracts for accounting treatment and compliance.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with management, auditors, and other stakeholders while managing multiple priorities in a dynamic, team-oriented environment.
• Must possess a valid, unrestricted U.S. driver’s license and ensure it always remains in good standing.

About NAES

NAES Corporation is a leading provider of operations, maintenance, and engineering services for energy facilities. We have built a reputation as a reliable partner for clients in North America and internationally, offering services across the power generation, oil and gas, and renewable energy sectors. Our growing family of companies allows us to address the entire life cycle of power generation and other industrial plants.

NAES is committed to fostering a diverse and inclusive workplace. We prioritize selecting employees based on merit and competence, seeking individuals of the highest quality, without regard to race, color, religion, national origin, gender, gender identity, sexual orientation, age, disability, military status, or affiliation protected under USERRA, or any other form of discrimination prohibited by applicable local, state, and federal law.