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Full-Time

Project Accounting Manager

Posted on 7/22/2024

NineDot Energy

NineDot Energy

11-50 employees

Develops community-scale battery storage systems

Data & Analytics
Hardware
Energy
Social Impact

Compensation Overview

$125k - $140kAnnually

+ Bonus + Incentive Stock Options

Senior, Expert

New York, NY, USA

Category
Financial Analysis
Accounting
Requirements
  • Bachelor’s degree in Accounting, Finance, or a related field. CPA or CMA certification is preferred.
  • Minimum of 5 years of experience in project accounting or finance, with at least 3 years in a managerial or leadership role. Experience in the renewable energy sector is highly desirable.
  • Strong knowledge of accounting principles, financial reporting, and project accounting practices. Proficiency in accounting software and financial management systems.
  • Proven leadership experience with the ability to inspire and manage a high-performing accounting team.
  • Excellent analytical and problem-solving skills with the ability to interpret financial data and provide actionable insights.
  • Strong verbal and written communication skills, with the ability to effectively engage with technical and non-technical stakeholders.
  • Exceptional organizational and time management skills with the ability to manage multiple projects and priorities in a fast-paced environment.
  • High level of accuracy and attention to detail in financial reporting and analysis.
  • In-depth understanding of accounting standards, regulations, and compliance requirements. Experience with audit processes is a plus.
  • Ability to adapt to a rapidly changing business environment and work effectively under pressure. Proactive and innovative mindset.
Responsibilities
  • Oversee the financial management of all renewable energy projects, ensuring project accounting from tracking projects, validating invoices coded to the projects, project close-out, and reconciling overall project payables to project budgets.
  • Generate project financial reports and visualization, evaluating the reports for accurate presentation of data and findings, including developing analysis on labor breakage, cost trending or other various project related financial reports to be escalated for review.
  • Implement and maintain cost control measures to ensure projects are delivered within budget. Identify and analyze cost variances and recommend corrective actions.
  • Review and manage financial aspects of project contracts. Ensure compliance with contract terms and conditions, and coordinate with legal and project management teams as needed.
  • Track project costs and revenue recognition in accordance with GAAP (Generally Accepted Accounting Principles).
  • Support external audits related to project accounting. Ensure compliance with relevant accounting standards, regulations, and company policies.
  • Collaborate with project managers, senior management, and other stakeholders in finance and operations to provide financial insights and support decision-making processes.
  • Identify and implement improvements to project accounting systems and processes to enhance efficiency and accuracy, including Identify and mitigate financial risks associated with projects.
  • All other duties as assigned.

NineDot Energy is a leader in developing community-scale battery energy storage systems in the News York City metropolitan area, specializing in vehicle-to-grid capabilities. This focus contributes significantly to creating a cleaner, more equitable, and resilient urban energy grid. Working at this company offers the opportunity to be at the forefront of advancing essential energy solutions in a crucial market, fostering both professional growth and a transformative impact on urban infrastructure.

Company Stage

N/A

Total Funding

$349.2M

Headquarters

Wilton, Maine

Founded

2015

Growth & Insights
Headcount

6 month growth

0%

1 year growth

84%

2 year growth

187%
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Simplify's Take

What believers are saying

  • NineDot Energy's successful financing rounds, including $225 million in equity and $85 million in debt, provide strong financial backing for future growth.
  • The company's first Bronx site, featuring a 3 MW/12 MWh battery energy storage system and solar canopy, serves as a model for future urban clean energy projects.
  • Partnerships with leading technology providers like Stem and support from NY Green Bank enhance NineDot Energy's capabilities and market position.

What critics are saying

  • Operating in a highly regulated and complex urban environment like New York City poses significant logistical and regulatory challenges.
  • The reliance on continuous financial support and debt facilities could strain the company's financial health if market conditions change.

What makes NineDot Energy unique

  • NineDot Energy specializes in community-scale battery energy storage systems (BESS) in the dense urban environment of New York City, a niche market with unique challenges and opportunities.
  • Their collaboration with Stem's Athena AI platform for optimizing multiple value streams, including New York’s VDER program incentives, sets them apart from competitors.
  • Backed by significant investments from global firms like Carlyle and financial support from NY Green Bank, NineDot Energy has a robust financial foundation to scale its operations.
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