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Eagle Creek Renewable Energy

Operates and expands small-scale hydroelectric facilities

Financial Controller

Full-TimeUpdated on 10/14/2026
No salary listed
Senior, Expert
Bachelor's, Master's, MBA
Remote in USA
RemoteHybrid or in-office work is available for candidates within commuting distance of an Eagle Creek corporate office.
AccountingFinancial Accounting

About the job

Requirements
  • A bachelor's degree in Accounting, Finance, or a related field is required.
  • A minimum of 7–10 years of progressive accounting and finance experience, including at least 3–5 years in a senior financial role.
  • Direct experience in renewable energy development; community solar experience is strongly preferred.
  • Demonstrated understanding of the development lifecycle from site control through LNTP and project sale, including the accounting treatment of each stage.
  • Experience managing project-level accounting across a multi-project portfolio with varying stages of development.
  • Solid working knowledge of GAAP, particularly revenue recognition (ASC 606) and capitalization of development costs.
  • Experience with Acumatica accounting software or similar platforms.
  • Familiarity with project management and development tracking methodologies used in the renewable energy industry.
  • Exceptional attention to detail and the ability to see the big picture in a fast-moving development environment.
  • Ability to translate complex financial concepts for non-financial colleagues and present clearly to senior leadership.
  • Ability to manage multiple concurrent workstreams and deadlines.
  • Ability to build processes and systems in an environment that may lack established infrastructure.
  • High integrity and professional judgment, particularly in managing sensitive financial information.
Responsibilities
  • Own the preparation and delivery of accurate and timely monthly, quarterly, and annual financial statements in accordance with US GAAP.
  • Maintain the general ledger and oversee accounting operations, including accounts payable, accounts receivable, payroll, and bank reconciliations.
  • Manage the chart of accounts and ensure it accurately reflects the project-based business model, including proper allocation of development costs by project.
  • Oversee capitalization policies for development costs and ensure appropriate treatment of costs incurred pre- and post-LNTP across the project portfolio.
  • Coordinate with external auditors and tax advisors to support annual audits and tax filings, including partnership or pass-through reporting related to tax equity structures.
  • Ensure compliance with federal, state, and local financial reporting and tax obligations, including obligations arising under the Inflation Reduction Act with respect to transferable tax credits.
  • Maintain detailed project-level financial tracking from inception through LNTP and sale, including development costs such as interconnection deposits, land control payments, permitting fees, and soft costs.
  • Manage the financial close process for project sales, coordinating with legal counsel, buyers, and counterparties to ensure accurate and timely settlement and revenue recognition.
  • Lead the annual budgeting process for corporate expenses and overhead, working with teams across the organization to build a bottom-up budget tied to the project pipeline.
  • Prepare rolling cash flow forecasts reflecting the timing of development expenditures, interconnection deposits, expected LNTP sale proceeds, and tax credit transfer receipts.
  • Monitor actual versus budgeted development spend by project and promptly flag variances to senior management.
  • Design, implement, and maintain an internal controls framework appropriate to the size and risk profile of the business.
  • Establish and enforce accounting policies and procedures, particularly for revenue recognition on project sales, cost capitalization, and intercompany transactions.
  • Maintain organized and audit-ready financial records for all active, sold, and archived projects.
  • Support due diligence processes for project buyers, lenders, and investors by preparing and organizing financial data rooms.
  • Build and manage the finance and accounting team as the company scales, including hiring, training, and performance management of accounting staff.
  • Serve as the primary financial liaison to the development, legal, origination, and asset management teams, translating project activity into financial impacts in real time.
  • Support board-level financial presentations as required.
Desired Qualifications
  • A CPA designation is strongly preferred.
  • An MBA or master's degree in Finance, Accounting, or a related discipline is a plus.
  • Community solar experience is strongly preferred.
  • Experience implementing or upgrading accounting systems in a growing company is a plus.

About the company

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Eagle Creek Renewable Energy

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Eagle Creek Renewable Energy buys, upgrades, and operates small hydroelectric plants in the United States to generate electricity and sell it in wholesale power markets. It owns 85 hydro facilities with about 690 MW of capacity spread across multiple states, often restoring underperforming sites to boost output and reliability. Since being acquired by Ontario Power Generation in 2018 and merging with Cube Hydro Partners in 2019, it operates as a wholly owned subsidiary with its own board and management. Its goal is to grow clean power generation, diversify its asset base, and supply reliable electricity to North American customers while maintaining dam safety and environmental stewardship.

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$100M

Headquarters

Morristown, New Jersey

Founded

2010

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Simplify's Take

What believers are saying

  • The October 1, 2026 Relevate partnership adds fee-based asset management and staffing leverage.
  • Lightstar’s 1.2-gigawatt solar pipeline expands Eagle Creek beyond hydro growth.
  • Rising electricity demand favors baseload hydropower, especially with 700 megawatts serving 260,000 homes.

What critics are saying

  • April 2026 litigation ended in a $25 million settlement over a dam drawdown.
  • Mongaup Falls repairs underscore ongoing FERC, safety, and infrastructure remediation burdens.
  • A serious dam failure or license revocation could force shutdowns across Eagle Creek’s portfolio.

What makes Eagle Creek Renewable Energy unique

  • Eagle Creek operates 85 hydroelectric facilities across 18 states, diversifying hydro risk.
  • October 1, 2026, Eagle Creek began managing Relevate’s run-of-river portfolio, expanding operating scale.
  • The 2024 Lightstar acquisition added community solar, giving Eagle Creek hydro-plus-solar optionality.

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Benefits

  • Remote Work Options
  • Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

12%

2 year growth

12%
PR Newswire
Oct 1st, 2026
GDEV management-backed Relevate Power and Eagle Creek form strategic partnership to expand companies' hydropower footprints.

GDEV management-backed Relevate Power and Eagle Creek form strategic partnership to expand companies' hydropower footprints. Oct 01, 2026, 07:00 ET The partnership brings together Relevate's redevelopment expertise and Eagle Creek's operating scale and expertise, advancing hydropower as a source of baseload generation across North America NEW YORK, Oct. 1, 2026 /PRNewswire/ - GDEV Management (GDEV)-backed Relevate Power (Relevate) and Eagle Creek Renewable Energy (Eagle Creek), a hydropower owner and operator backed by Apollo (NYSE: APO) funds, today announced a strategic partnership across their portfolios of small hydropower assets. At the partnership's commencement, Eagle Creek will leverage its scale and highly experienced operations team to manage Relevate's portfolio of run-of-river hydroelectric projects. Relevate and Eagle Creek have identified opportunities to combine their respective strengths in redeveloping and operating hydropower facilities to achieve operational and cost efficiencies, starting with asset management as the foundation for a broader relationship. The local operators currently employed by Relevate to manage its portfolio will join Eagle Creek, maintaining continuity of operations at each facility while benefiting from the scale of a larger operating platform. Previously, GDEV and Apollo provided financing for Relevate's acquisition of Gravity Renewables in December 2024. "The hydropower market is in a period of significant growth as electricity demand surges beyond current generation levels," said Neal Simmons, CEO at Eagle Creek. "We will bring our operating expertise to oversee Relevate's hydropower projects, enabling us to provide clean, reliable energy to surrounding homes and businesses." Since GDEV's initial investment in 2024, Relevate also received a $4.9 million grant from the Department of Energy (DOE) to boost efforts in improving the efficiency of hydroelectric facilities and has gained significant commercial traction across the hydropower market. "Together with Eagle Creek, we're helping strengthen Relevate's business model of providing operational improvements to underperforming hydro facilities," said Benjamin Baker, Managing Partner of GDEV Management. "This partnership will allow Relevate to expand its platform on a larger scale while significantly reducing overhead - promising long-term value for our investors and partners." ABOUT GDEV MANAGEMENT GDEV Management, LLC is a middle-market infrastructure private equity business that invests in high-growth sustainable infrastructure companies across sectors including renewable energy, energy efficiency, grid infrastructure, transport and sustainable fuels. The firm targets operationally complex businesses in infrastructure, clean energy, industrials, and technology-enabled services, partnering with management teams to drive growth, operational improvement, and long-term value creation. GDEV's institutional platform is structured to support a broad range of private market strategies, including direct investments, co-investments, and structured credit solutions. ABOUT RELEVATE POWER Founded in 2022 from the merger of Independent Power Producers Dichotomy Power and ClearEnergy, along with the power marketing firm Standard Power, Relevate Power is committed to redeveloping underutilized hydropower plants, providing affordable, clean energy to rural America's most impactful organizations. The company is backed by GDEV Management's Fund I, LP. and Aegon Asset Management Real Assets. ABOUT EAGLE CREEK RENEWABLE ENERGY Eagle Creek owns and operates 85 hydroelectric facilities across 18 states, providing renewable power to support rapidly growing energy demand. Hydropower is differentiated as a low carbon reliable energy source with baseload capabilities. The Company's nearly 700 MW portfolio makes it one of the largest and most diversified independent hydro platforms in the country, and its facilities produce enough electricity to power over 260,000 homes. SOURCE GDEV Management

Renewables Now Ltd
Oct 7th, 2025
Apollo Acquires Eagle Creek for 700 MW

Apollo, a US private equity firm, has agreed to acquire Eagle Creek Renewable Energy, an independent hydroelectric facility owner and operator based in Bethesda, Maryland, with a portfolio of nearly 700 MW.

Business News Today
Oct 6th, 2025
Apollo deepens renewable power portfolio with acquisition of Eagle Creek Renewable Energy

Find out how Apollo's acquisition of Eagle Creek Renewable Energy signals a long-term bet on hydro power as America's clean-energy backbone.

Solar Industry
Mar 20th, 2024
Eagle Creek Renewable Energy Acquires Lightstar Renewables

Eagle Creek Renewable Energy acquires Lightstar Renewables.

GlobeNewswire
Mar 19th, 2024
Eagle Creek Renewable Energy acquires Lightstar Renewables

Bethesda, MD, March 19, 2024 (GLOBE NEWSWIRE) -- An affiliate of Eagle Creek Renewable Energy (“Eagle Creek”) has acquired Lightstar Renewables, a...