Senior Accounting Analyst

Job Description:

Overview
Deriva Energy is a leading Independent Power Producer in the US renewables market, with over 6.5GW of operating or under construction wind, solar and storage projects across the country. Formerly the division of Duke Energy, Deriva is now backed by Brookfield Renewable and is poised for dynamic growth across its wind, solar, and storage portfolios. Join a dynamic team committed to excellence and innovation who envision a future of energy independence using resilient, carbon-free generation. We offer competitive compensation, comprehensive benefits, and the opportunity to make a significant impact on the rapidly evolving renewable energy industry.  Deriva empowers customers with innovative clean energy solutions that strengthen communities and serve future generations.
Position Summary
Prepare and validate revenue journal entries and invoices for Deriva Energy’s wind and solar portfolio for month-end and quarter-end close, analyze data, interpret contract, and communicate with internal and external stakeholders. Additional responsibilities include audit support, account reconciliations, subledger-to-GL mapping, batch processing, clear A/R aging reports, and ad-hoc analysis to support management decisions. Requires strong knowledge of GAAP revenue accounting standards and controls, with exceptional accuracy and attention to detail.

Main Responsibilities

• Prepare and validate revenue journal entries and invoices for wind and solar portfolio

• Perform month-end and quarter-end close activities related to revenue accounting

• Analyze revenue and settlement data for accuracy and trends

• Interpret complex contract terms to ensure proper revenue recognition

• Collaborate with site personnel, corporate teams, auditors, vendors, and consultants to resolve discrepancies

• Support internal and external audits with required documentation

• Perform account reconciliations and ensure accuracy of financial records

• Clear A/R aging reports

• Reconcile cash receipts related to revenue settlements (AR, unbilled revenue, collateral, derivatives)

• Conduct ad-hoc financial analysis to support management decisions

• Maintain compliance with GAAP revenue accounting standards and internal controls

• Support implementation of new ETRM system

Basic Qualifications for Senior Analyst

• Bachelor’s degree with major in Accounting/Finance or related discipline

• Three (3) years or more of increasingly diverse or complex experience in related field in addition to degree

Basic Qualifications for Lead Analyst

• Bachelor’s degree with major in Accounting/Finance or related discipline

• Five (5) years or more of increasingly diverse or complex experience in related field in addition to degree

Desired Qualifications

• Five (5) years or more of increasingly diverse or complex experience in related field

• Certified Public Accountant

• Possesses and applies fundamental accounting and finance concepts, practices, and procedures

• Excellent written and oral communication skills

• Working knowledge on leveraging Power Query and experience using PowerBI

• Advanced visualization app experience or database management.

• Working knowledge of FERC revenue filings

• Experience with power settlements and invoicing with the various ISOs (ERCOT, PJM, MISO, SPP, CAISO)

• Experience with complex power purchase agreements, VPPAs (Virtual Power Purchase Agreement), and CFD (Contract for Differences)

• Proficiency in Microsoft Excel

• Working knowledge of CommoditesXL, PowerOptix, Aveva PI system, and various Financial and Accounting software (i.e., IFS, NetSuite, Onestream, etc.)

• Working knowledge of GAAP

• Working knowledge of intercompany transactions and intercompany entries

• Strong attention to detail

• Demonstrated ability to work independently and meet stated deadlines

• Demonstrated ability to work in a team environment and foster good relationships with teammates and business partners

Working Conditions

• This position is located in Charlotte, NC.

• This is an in-person position; employees should live within a reasonable daily commute to the designated office location

• 4 days in office per week required

Additional Information

• Ability to hire at a higher level depending on experience

Benefits

• Health Insurance

• Dental Insurance

• Vision Insurance

• 401(k) with Matching

• Health Savings Account

• Flexible Spending Account

• Employee Assistance Program

• Life Insurance

• Paid Time Off

• Parental Leave

Additional Information:

Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Deriva welcomes veterans of the United States Armed Forces to apply for this position. Deriva includes veterans of all branches and a diverse set of occupational specialties. We value the independent thinking, problem solving, leadership, and teamwork that our veterans have developed through their service. We welcome applications from any service and any military occupational specialty.

Deriva Energy is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.