Accounting Manager, Consolidation and Reporting

Accounting Manager, Consolidation and Reporting

Silver Spring, MD | Full-time

Competitive Power Ventures, Inc. (“CPV”), with headquarters in Silver Spring, MD, and offices in Braintree, MA and Sugar Land, TX is uniquely positioned to leverage global technology and financial partnerships to help modernize America’s power generation. We are driven to improve our energy infrastructure by developing and operating power generation facilities using cutting edge, domestically available natural gas and renewable power technology.

CPV is owned by OPC Energy, the first privately held electric company in Israel. OPC Energy became a public company in August 2017 and is traded on the Tel-Aviv Stock Exchange (TASE: OPCE).

CPV is seeking a Manager of Consolidation and Reporting to join our Accounting team in Silver Spring, MD. CPV manages a complex, consolidated holding company structure that ultimately holds equity interests in utility-scale power plants and projects in development and construction. The holding and project companies require accounting and financial reporting under both US GAAP and IFRS. CPV conforms to public company reporting standards under IFRS and financial controls pursuant to SOX.

This role is ideal for an accounting professional with comprehensive and wide range of accounting experiences who thrives in a dynamic environment of a growing organization, who brings deep expertise in complex reporting structures, and can partner cross-functionally to drive accuracy, efficiency and insight across organization.

This position is responsible to prepare or to review consolidation for multiple consolidation groups, provide support for monthly and quarterly close of financial statements (consolidated and stand‑alone), detailed reporting and management analytics, assist with the preparation and drafting of disclosures, footnotes, management discussion and analysis, technical accounting and other recurring and ad hoc accounting activities.

This position reports to the Director of Consolidation and Reporting and will work closely with others in the accounting department and within the organization.

• Manage month‑end and quarter‑end consolidation and reporting activities for several consolidation groups, preparing financial statements and other consolidated reporting disclosures.
• Manage quarterly analytical reporting to the parent company.
• Manage management reporting activities (actuals, forecasts and budgets) for the corporate entities, including segment reporting, projects profitability reporting, departmental costs reporting, including preparing presentation slides and reporting dashboards.
• Preparing schedules for the financial disclosures reporting, including preparing consolidated cash flows, consolidated disclosures and other financial reporting requirements, managing the data in Workiva (company’s financial reporting system).
• Improving utilization of the SAP consolidation software, Group Reporting, targeting automating all financial statements, including cash flow statements, directly from the system; becoming a Subject Matter Expert in this module of the SAP and being a liaison with the IT reporting team.
• Designing new consolidation tools as necessary, in Excel or in other systems utilized by accounting.
• Supporting accounting research, analysis and reporting using International Financial Reporting Standards (IFRS) and US GAAP rules as necessary.
• Supporting month‑end closing and audit activities as necessary.
• Supporting accounting assessments of M&A and financial activities.

• Bachelor’s degree in accounting or business‑related concentration; CPA qualification required
• Minimum of 5 years of Big‑4 accounting firm or public company reporting experience, including financial statement analysis, supporting external audit and reviews; prior experience with IFRS accounting is a strong preference
• Deep knowledge of consolidation accounting, including ownership structures, eliminations, inter‑company transactions, non‑controlling interests, M&A purchase price allocations, and proportionate consolidation
• Solid understanding of financial statement linkages and end‑to‑end data flows…