Full-Time

Senior Analyst

Tax Entitlement

Posted on 9/5/2024

Clearway Energy

Clearway Energy

501-1,000 employees

Develops and operates renewable energy projects

Energy

Compensation Overview

$80k - $100kAnnually

+ Annual Cash Bonus

Senior

Princeton, NJ, USA

Hybrid position requiring in-office presence on Tuesdays and Thursdays.

Category
Tax Accounting
Financial Analysis
Accounting
Required Skills
Excel/Numbers/Sheets
Requirements
  • 5 years of experience with administrative and/or compliance matters, demonstrating a continued track record of advancement and growing responsibility.
  • Familiar and comfortable in navigating ambiguous situations to arrive at pragmatic solutions that address the needs of multiple internal stakeholders.
  • Strong understanding of financial, tax, and accounting concepts.
  • Advanced Microsoft Excel skills.
  • Strong communication and presentation skills, particularly in conveying complex rules and requirements to more general audiences.
Responsibilities
  • Maintain an understanding of the IRA’s key provisions, issued guidance implementing these provisions and emerging “market” interpretations, principally concerning Domestic Content (“DC”), Energy Community, Prevailing Wage & Apprenticeship (“PWA”), and Tax Credit Transferability Requirements.
  • Ensure necessary compliance (including documentation support and review processes, such as the monthly review of payroll information for PWA purposes) with the IRA requirements both during construction and for relevant periods post-completion with respect to “alteration and repair” work.
  • Ensure that all project related procurement and O&M documentation contains necessary compliance and recordkeeping provisions.
  • Assist the business with evaluating which manufactured components used in projects should be “domestically” sourced in connection with seeking any additional credits concerning domestic content.
  • Coordinate with the Contractors, Procurement, Construction, Operation and Maintenance, and HR departments to identify, collect, verify, and review necessary information for tax credit compliance associated with base credits (including the beginning of construction, valuation information, PWA exemptions, or PWA compliance information), and DC and Energy Communities additional credits.
  • Monitoring completeness of recordkeeping (and any potential non-compliance gaps) with regards to records retention and particularly concerning the PWA requirements to cure any identified defects.
  • Coordinate with the tax compliance team on preparing necessary information for the pre-registration process of entities (including annual submissions) for tax credit transfers and with the preparation of “minimum documentation” packages required to be provided to tax credit transferees.
  • Monitoring process and reporting regime that monitors the necessary requirements for each relevant transaction and the status/requirements of all relevant agreements.
  • Work with 3rd party provider to establish workflows to monitor Prevailing Wage and Apprentice compliance as it relates to contractors.
  • Train internal and external workforce on IRA’s key provisions.

Clearway Energy Group focuses on developing and operating renewable energy projects, primarily in the United States. The company has a diverse portfolio of over 350 projects, which includes large-scale solar and wind farms, as well as community solar initiatives. Their products work by generating electricity from renewable sources, which is then sold to utilities and large energy consumers through long-term power purchase agreements (PPAs). This model provides a steady revenue stream while promoting the use of clean energy and reducing carbon emissions. Clearway Energy Group differentiates itself from competitors by its extensive experience in the renewable energy sector and its commitment to high safety and performance standards in project execution. The company's goal is to facilitate the transition to a sustainable energy future by providing reliable and competitive clean energy solutions.

Company Stage

Debt Financing

Total Funding

$1.6B

Headquarters

San Francisco, California

Founded

2018

Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Clearway's acquisition of Tuolumne Wind Project adds 137 MW to its portfolio.
  • The Inflation Reduction Act boosts demand for Clearway's renewable energy PPAs.
  • Clearway's $665M Texas project advances solar and storage integration.

What critics are saying

  • Increased competition may impact Clearway's market share and profitability.
  • Supply chain constraints could delay project timelines and financial projections.
  • Fluctuating energy prices may affect Clearway's project viability and contracts.

What makes Clearway Energy unique

  • Clearway Energy specializes in utility-scale solar and wind projects across the U.S.
  • The company secures long-term PPAs, ensuring stable revenue streams.
  • Clearway Energy integrates solar and storage, enhancing grid reliability and efficiency.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Life Insurance

Fertility Treatment Support

Adoption Assistance

Parental Leave

Tuition Reimbursement

INACTIVE