Director, Technical Accounting and Financial Reporting

Silver Spring, MD | Full-time

Competitive Power Ventures, Inc. (“CPV”), with headquarters in Silver Spring, MD, and an office 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 Director of Technical Accounting and Financial Reporting to join our Controller’s organization in Silver Spring, MD. In this capacity the individual will be responsible for supporting OPC’s technical accounting needs as well as the needs of CPV’s owned and managed assets. This individual must possess a strong demonstrated ability to apply US GAAP and IFRS reporting requirements to various technical accounting issues, monitor the governing accounting bodies for effected and proposed pronouncements, analyze the potential impact to the Company, and lead implementations of new accounting standards. This role will also liaison with other CPV departments to address accounting and business issues as they arise. This individual will work with the Company’s external auditor and OPC Energy to coordinate related activities.

This position reports to the SVP and Controller and will work closely with other Vice Presidents and Directors in the department and others within CPV’s organization.

Summary of Responsibilities

• This individual must possess a strong ability to apply US GAAP and IFRS reporting requirements to various technical accounting issues, monitor the governing accounting bodies for effected and proposed pronouncements, analyze the potential impact to the Company, and lead implementations of new accounting standards.
• This role will also liaison with other departments to address accounting and business issues as they arise.
• Review and analyze contracts and other agreements to determine proper accounting treatment, draft whitepapers and ensure the Company’s external auditor agrees with the basis of conclusion.
• Research new technical accounting standards, and work with the accounting teams to implement.
• Lead the implementation and reporting of the new accounting standards under both US GAAP and IFRS.
• Lead and / or support preparation and review of quarterly and annual financial statements and footnotes to ensure compliance with relevant authoritative rules and regulations.
• Additionally, responsibilities include being a leader within the Controller’s organization, educating energy management, developers, accounting and finance staff on accounting changes and regulatory requirements, due diligence support and purchase accounting for new acquisitions and complete special projects as assigned.
• Lead the thought leadership associated with providing proactive, expert consultation and technical support on business transactions (e.g., acquisitions, financings, fixed asset impairment assessments, and leases, among others) by identifying and addressing accounting policy and reporting issues and opportunities.
• Maintain strong working relationships and coordination within the Controller’s organization and within CPV and OPC.
• Establish and maintain strong, collaborative relationships with executive management, corporate finance partners, legal, and other internal stakeholder groups to understand the business and ensure timely and accurate exchange of information.
• Lead accounting literature research and apply technical standards to complex business issues and transactions.
• Lead research and preparation of policy memos documenting conclusions.
• Lead the development of enterprise policies that facilitate a strong internal control environment.
• Performs other duties as assigned to meet business needs.

Requirements

• Bachelor’s degree from an accredited college or university with major course work in accounting or a related business field.
• MBA or Masters of Science Degree in Accounting, Finance or related discipline strongly preferred.
• Certified Public Accountant (CPA) required.
• Minimum ten (10) years of progressive experience which includes public accounting and/or technical accounting research, including proven ability to independently form sound conclusions on complex accounting issues, including implementation of new accounting standards, and the impact to large organizations.
• Energy and or Real Estate Industry experience strongly preferred.
• Expert technical accounting knowledge (U.S. GAAP required, IFRS desired).
• Excellent verbal and written communication skills, strong analytical and problem-solving skills, as well as exceptional interpersonal and organizational skills.
• A service-oriented individual that continually challenges the status quo and focuses on continuous improvement.
• Proven track record for successful completion of accounting guidance-related projects, preferably a demonstrated ability to lead implementation efforts associated with new accounting standards.
• Ability to handle multiple assignments in a fast-paced environment.
• Ability to lead, work independently, and work in a team environment.
• Be detail-oriented and have highly proficient skills in Microsoft Word and Excel.
• Must pass a pre-employment criminal background check and financial credit check.

CPV offers a hybrid work arrangement allowing employees to work remotely up to two (2) days per week, subject to in-office obligations. Required collaboration days in the office are Monday, Tuesday and Wednesday.

CPV holds all employees to the highest ethical standards and is committed to conducting business with integrity, transparency and honesty to ensure our success.

CPV is an Equal Opportunity Employer.