Accounting Manager

Location:

Newtown, PA or Houston, TX

Reports to:

Director of Accounting
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Sky Vest Renewables (“Sky Vest”) is a renewable power generation platform backed by Arc Light Capital Partners (“Arc Light”). Through affiliates of Arc Light, Sky Vest acquires, operates and optimizes operating utility-scale wind, solar and BESS assets throughout the U.S., applying value-added strategies and best-in-class operations to maximize asset value. Since its launch in July 2024, Sky Vest has emerged as a premier platform for operating renewable assets, growing its asset portfolio to 1,500 MW of wind and solar assets in PJM, ERCOT, CAISO, SPP and MISO.

Sky Vest is headquartered in Newtown, PA with offices in Houston, TX.

Arc Light is a leading private equity firm focused on energy and infrastructure, founded in 2001. With deep sector expertise, Arc Light has invested in more than 65 gigawatts of power generation and over 47,000 miles of transmission and distribution infrastructure, representing approximately $80 billion in total enterprise value. The firm is known for its operationally driven investment approach and maintains a large internal team alongside a network of over 2,000 asset management professionals.

Arc Light has a strong track record in renewables and energy transition assets, including solar, battery storage, hydroelectric, and natural gas infrastructure.

The Accounting Manager will be working closely with the Director of Accounting, and the plant management personnel for all facets of the financial operations of Sky Vest. Including general accounting, financial statement preparation, cash management, taxes (federal, state, and local), and other fiscally related duties. Furthermore, the position will also work with the Finance and M&A teams to help with due diligence, analysis and ultimately the integration of potential acquisitions.

This position will report directly to the Director of Accounting and work closely with CFO and the M&A team at Sky Vest as well as the deal/finance/accounting/tax teams at Arc Light.

Responsibilities & Duties

• Accounting Policies, Procedures, & Internal Controls
  • Establish, document, and enforce company-wide accounting policies and procedures to ensure consistency and compliance across all Sky Vest entities.
  • Ensure alignment with GAAP, FERC, and applicable renewable energy industry accounting standards.
  • Develop and maintain robust internal controls and processes to safeguard financial data integrity across all assets.
  • Conduct periodic internal control assessments and remediate identified gaps in coordination with the Director of Accounting.
  • Maintain segregation of duties across accounting functions.
• Manage and oversee the daily, monthly, and quarterly operations of the accounting department, including general ledger reconciliations, the financial close process, financial reporting, fixed asset maintenance, and other core accounting functions.
• Support the FP&A team in delivering accurate and timely monthly financial reporting packages.
• Ensure timely and accurate monthly close cycle across all Sky Vest entities.
• Oversee journal entries, accruals, intercompany eliminations, and consolidation procedures.
• Produce consolidated and stand-alone financial statements including income statements, balance sheets, cash flow statements, and statements of equity.
• Coordinate with asset managers to ensure accurate recording of production data, energy revenue, and project-level operating costs.
• Account for complex renewable energy-specific items such as renewable energy certificates (RECs), capacity payments, curtailment adjustments, liquidated damages, and offtake agreement revenue.
• Oversee HLBV schedule updates and tax equity model updates.
• Maintain fixed asset ledgers for renewable energy generation assets.
• Manage capitalization, depreciation, and disposal of property, plant, and equipment (PP&E) in accordance with GAAP and tax requirements.
• Account for major maintenance, overhaul costs such as repowering, and asset impairment considerations for operating projects.
• Audit Management & Compliance
  • Manage the completion of the annual audit of…