What are the responsibilities and job description for the Staff Accountant position at LS Power?
About us:
Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy expansion solutions. Since inception, LS Power has developed or acquired 50,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through its transmission business, LS Power Grid, the company built and operates 780 miles of high-voltage transmission and 7 transmission utilities and has another 375 miles currently in construction or development. LS Power actively invests in and scales businesses that are meeting the growing needs of the energy expansion, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised more than $89 billion in debt and equity capital to support North American infrastructure.
Our Purpose, Mission, & Values:
Our Purpose is to solve complex energy problems that improve the world
Our Mission is to make lives better by developing a cleaner and more reliable energy ecosystem
Our Values are the willingness to participate in and help strengthen our culture of integrity, Innovation, Teamwork, and Taking Ownership
Our People create value and are our Most Valuable asset. We take our values of Integrity, Innovation, Teamwork and Taking Ownership seriously and ask candidates to think about how they can help us further enhance our culture with their specific skillsets, capabilities and experiences.
Benefits
We provide our team the opportunity to share their unique perspectives, solve new challenges, and continue in their career growth. We are committed to supporting employees’ happiness, healthiness, and overall well-being by providing comprehensive benefits that include 100% employer paid premium healthcare, paid parental leave and more.
Compensation
The salary for this role is $70,000 - $85,000. This is the range that we in good faith anticipate relying on when setting wages for this position. We may ultimately pay more or less than the posted range and this range is only applicable for jobs to be performed in New Jersey. This salary range may also be modified in the future.
About the Role:
The Staff Accountant will support the monthly accounting close process for assigned power generation entities. Working under the guidance of the Senior Accountant and Accounting Manager, the Junior Accountant is responsible for completing recurring, high-frequency accounting tasks accurately and on schedule, including accounts payable processing, recurring journal entries, cash and treasury reconciliations, inventory tracking, balance sheet account reconciliations, and compliance filings. Additionally, the role requires strong attention to detail, the ability to manage multiple deadlines simultaneously, and a foundational understanding of US GAAP and general ledger accounting principles.
Responsibilities
What You Will Do
We Want You On Our Team Because You
Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy expansion solutions. Since inception, LS Power has developed or acquired 50,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through its transmission business, LS Power Grid, the company built and operates 780 miles of high-voltage transmission and 7 transmission utilities and has another 375 miles currently in construction or development. LS Power actively invests in and scales businesses that are meeting the growing needs of the energy expansion, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised more than $89 billion in debt and equity capital to support North American infrastructure.
Our Purpose, Mission, & Values:
Our Purpose is to solve complex energy problems that improve the world
Our Mission is to make lives better by developing a cleaner and more reliable energy ecosystem
Our Values are the willingness to participate in and help strengthen our culture of integrity, Innovation, Teamwork, and Taking Ownership
Our People create value and are our Most Valuable asset. We take our values of Integrity, Innovation, Teamwork and Taking Ownership seriously and ask candidates to think about how they can help us further enhance our culture with their specific skillsets, capabilities and experiences.
Benefits
We provide our team the opportunity to share their unique perspectives, solve new challenges, and continue in their career growth. We are committed to supporting employees’ happiness, healthiness, and overall well-being by providing comprehensive benefits that include 100% employer paid premium healthcare, paid parental leave and more.
Compensation
The salary for this role is $70,000 - $85,000. This is the range that we in good faith anticipate relying on when setting wages for this position. We may ultimately pay more or less than the posted range and this range is only applicable for jobs to be performed in New Jersey. This salary range may also be modified in the future.
About the Role:
The Staff Accountant will support the monthly accounting close process for assigned power generation entities. Working under the guidance of the Senior Accountant and Accounting Manager, the Junior Accountant is responsible for completing recurring, high-frequency accounting tasks accurately and on schedule, including accounts payable processing, recurring journal entries, cash and treasury reconciliations, inventory tracking, balance sheet account reconciliations, and compliance filings. Additionally, the role requires strong attention to detail, the ability to manage multiple deadlines simultaneously, and a foundational understanding of US GAAP and general ledger accounting principles.
Responsibilities
What You Will Do
- Review weekly plant AP invoices for assigned plants in Microsoft Dynamics 365
- Verify GL account coding, proper accounting period, and Sales & Use tax flags on each invoice prior to posting
- Maintain the daily cash management schedule; coordinate timing of payments with the AP team
- Code and route O&M Provider invoice batch files for approval and forward to AP team for payment processing
- Prepare and post monthly depreciation expense entries and maintain Fixed Asset rollforward schedules
- Scan GL expense accounts for fixed asset reclassifications and initiate correcting entries as needed
- Prepare prepaid amortization entries (insurance, deferred income, and other prepaids) on a monthly basis
- Record Deferred Financing Cost amortization entries
- Prepare Asset Retirement Obligation accretion and depreciation entries
- Post and track accrual related entries
- Confirm all cash-related journal entries are recorded completely and accurately each month
- Record interest income and miscellaneous deposits and refunds
- Ensure all wire payment support documents are filed in the appropriate Wires folder
- Investigate stale outstanding checks and confirm no unique reconciling items remain unresolved at month-end
- Complete monthly inventory reconciliations and communicate reconciling items to plant personnel for confirmation and resolution
- Prepare monthly Sales & Use Tax files for applicable plants and submit to Tax each month
- Prepare monthly balance sheet account reconciliations for all assigned entities, ensuring GL balances are supported and explained
- Identify and escalate unusual reconciling items or balances to the Senior Accountant for review
- Maintain organized supporting documentation and workpapers for all assigned accounts and journal entries
- Assist with financial statement audit requests by providing support schedules, reconciliations, and documentation in a timely manner
We Want You On Our Team Because You
- Demonstrate strong attention to detail and a commitment to accuracy in a high-volume, deadline-driven environment
- Manage multiple recurring tasks simultaneously and prioritize by urgency across the monthly close cycle
- Apply analytical and numerical aptitude to identify and investigate discrepancies in account balances or journal entries
- Work proficiently in Microsoft Excel and adapt quickly to ERP systems such as Microsoft Dynamics 365
- Operate in an organized, self-directed manner to meet firm monthly close deadlines with minimal supervision
- Bring a curiosity and willingness to learn industry-specific accounting concepts related to power generation and energy markets
- Bachelor's degree in Accounting, Finance, or a related field required
- 1–2 years of accounting experience; internship or public accounting experience a plus
- Foundational knowledge of US GAAP and general ledger accounting principles
- Working knowledge of Microsoft Office Suite with strong Microsoft Excel skills
- Experience with Microsoft Dynamics 365 or similar ERP a plus
- CPA candidacy or intent to pursue CPA licensure preferred
- Experience in the Energy industry a plus
Salary : $70,000 - $85,000