Head of Financial Affairs

Karpower is a next-generation power infrastructure company delivering fast-track, behind-meter energy solutions for industries that can't afford delays—from AI-driven data centers to strategic manufacturing and energy-constrained markets. Karpower is a pioneering power infrastructure innovator with 80 years of heritage and more than 25 years in energy infrastructure, operating across more than 30 countries worldwide. At Karpower, we combine proven expertise in floating and land-based power generation with integrated solutions spanning data center hosting, advanced power delivery, and comprehensive fuel supply. Karpower Valley is a first-of-its-kind industrial power and technology hub designed to deliver speed, scale, and certainty to America’s growing energy demand.

Located in Brownsville, Texas, the Valley brings together manufacturing, assembly, testing, commissioning, and deployment within a single, fully integrated ecosystem, fundamentally changing how power infrastructure is built in the United States.

We are seeking a Head of Financial Affairs to lead the financial affairs function for Karpower’s U.S. power generation companies and projects, serving as the senior local leader for accounting, financial reporting, tax and financial controls under the U.S. CFO.

WHAT DO WE EXPECT?

• Bachelor’s degree in Accounting, Finance, Business Administration, Economics or a related discipline.
• CPA qualification is strongly preferred; a relevant master’s degree is an advantage.
• Minimum 12 years of progressive experience in accounting, financial reporting and tax, including at least 5 years leading a financial affairs, controllership or equivalent function with responsibility for multiple entities or locations.
• Substantial experience in the U.S. business environment, with strong knowledge of U.S. GAAP and practical experience managing federal, state and local tax compliance and coordinating specialist tax advice.
• Experience within a multinational group, working effectively with corporate finance and tax functions while implementing Group standards in a local operating environment.
• Experience in energy, power generation, infrastructure, construction or comparable capital-intensive industries; a strong understanding of project accounting, construction in progress, capitalization and fixed assets.
• Demonstrated experience building teams, establishing accounting and control processes, and supporting new entities or significant business expansion.
• Strong experience in financial close, multi-entity reporting, consolidation, intercompany accounting and external audits.
• Hands-on experience with SAP S/4HANA Public Cloud and/or SAP S/4HANA is required, together with experience leading finance workstreams in an ERP implementation or major transformation.
• Current authorization to work in the United States, and willingness to be based in Austin or Brownsville, Texas, with travel to U.S. sites as required.
• Strong accounting and tax judgment, with attention to detail and consistent control discipline.
• Ability to establish scalable processes while remaining closely involved in execution.
• Leadership across multiple entities and locations, with effective delegation and team development.
• Clear communication and effective partnership with the U.S. CFO, HQ functions, business leaders and external advisors.
• Ability to prioritize, resolve issues promptly and sustain follow-through in a fast-paced, international environment.
• Analytical thinking, accountability, integrity and confidentiality.

WHAT AWAITS YOU?

• Lead accounting, financial reporting, tax and financial-control activities for Karpower’s U.S. power generation companies and projects; establish common standards, clear responsibilities and effective coordination between central and site-based teams.
• Work closely with the relevant U.S. and HQ finance functions to implement Group accounting policies, reporting standards and control requirements. Identify necessary local adaptations and agree their implementation with the relevant HQ functions.
• Establish financial affairs processes for new U.S. power generation companies and projects, including accounting structures, opening balances, reporting arrangements and tax-compliance calendars; ensure each entity is ready to record transactions and meet its obligations from inception.
• Direct accounting operations and month-end, quarter-end and year-end close across U.S. power generation companies, covering general ledger, accounts payable and receivable, reconciliations, accruals and provisions; ensure the accuracy, completeness and integrity of financial records.
• Lead the preparation of entity financial statements, U.S. consolidation packages and Group reporting submissions in accordance with applicable U.S. GAAP and Group reporting standards; ensure reporting adjustments and reconciliations between accounting bases are properly documented.
• Provide the U.S. CFO, HQ and business leaders with timely reporting and analysis by power generation companies and projects; explain material movements and variances, identify accounting and tax exposures, and recommend corrective actions.
• Establish and oversee accounting for development and construction expenditure, construction in progress, capitalization, commissioning, fixed assets and depreciation. Ensure consistent cost allocation and appropriate accounting for power generation companies and projects.
• Work with project and operational teams to maintain reliable records of budgets, commitments, actual expenditure and accruals; validate the financial data supporting cost-to-complete forecasts, investigate variances and escalate material exposures to the U.S. CFO.
• Manage the U.S. tax-compliance process across federal, state and local jurisdictions, ensuring accurate and timely returns, payments and supporting records for applicable income, sales and use, property and payroll-related taxes; coordinate with internal teams and external tax advisors.
• Oversee tax provisions, tax-account reconciliations and tax reporting; assess the accounting and tax implications of business activities and support tax planning, entity and transaction structuring, and intercompany arrangements in alignment with the U.S. CFO and Group Global Tax team.
• Establish and oversee intercompany accounting, reconciliations, cost allocations and settlement records; ensure transactions are supported by appropriate documentation and reflected consistently in entity and consolidated reporting, in line with approved transfer-pricing arrangements.
• Implement and maintain effective financial controls, segregation of duties and approval procedures in line with delegated authorities; monitor adherence across power generation companies and projects and lead the resolution of control deficiencies.
• Act as the U.S. financial affairs business process lead for SAP S/4HANA implementation. Define accounting, reporting, tax and control requirements; lead process design and standardization, chart-of-accounts and master-data requirements, data migration validation, user acceptance testing, finance-user readiness and business sign-off within delegated authority.
• Lead financial affairs readiness for SAP go-live and post-implementation stabilization; ensure reconciled opening balances, effective controls and reliable reporting, and drive ongoing improvements in processes, data quality and system adoption with IT and HQ teams.
• Lead financial statement audit readiness and coordinate with external auditors, tax advisors and relevant authorities on accounting and tax matters; ensure timely responses, complete supporting documentation and closure of findings in coordination with the appropriate HQ functions.
• Provide accurate accounting data, accruals, tax estimates and working-capital information for budgets, forecasts and cash-flow planning; coordinate with the relevant finance departments on receivables, payment schedules and cash requirements.
• Define requirements and oversee the delivery, quality and fees of outsourced accounting and tax services; evaluate providers and recommend appointments or changes within Group approval procedures and in coordination with the U.S. CFO and relevant HQ functions.
• Build and develop the U.S. financial affairs team as the business expands; set objectives, evaluate performance and establish consistent working practices across site-based and central teams supporting U.S. power generation companies and projects.