Full-Time

Senior Project Controller

Updated on 11/15/2024

Fluence

Fluence

1,001-5,000 employees

Provides energy storage technology and solutions

Data & Analytics
Energy

Compensation Overview

$130k - $140kAnnually

+ Annual Bonus Incentive

Senior

Houston, TX, USA

Job is hybrid.

Category
Cost Accounting
Financial Analysis
Financial Controller
Accounting
Requirements
  • 8-10 years of financially managing large projects, preferably in the energy sector, including scopes of engineering, procurement and construction and equipment supply and services agreements
  • Advanced understanding of project accounting methods, including POC revenue recognition
  • Advanced knowledge of project related activities and the project lifecycle
  • Advanced understanding of commercial contract terms and conditions
Responsibilities
  • Be financially responsible for a portfolio of the largest and most complex projects within the Americas region
  • Work closely with project managers to provide timely transparency around project performance against budget and maintain monthly Estimates at Completion for Revenue, Cost, and Margin.
  • Ensure adherence to applicable accounting guidelines
  • Ensure adherence to commercial terms and conditions and highlight associated risks
  • Ensure accurate project forecasts, incorporating known risks and opportunities
  • Execute internal controls related to Order-to-Cash and act as a peer reviewer to ensure control compliance
  • Drive to improve project performance through change orders and supplier claims
  • Review, verify and process project related transactions (purchase requisitions, invoices, etc.)
  • Track, evaluate and work to mitigate contract penalties such as performance guarantees and liquidated damages for delays
  • Organize project reviews throughout the life of each contract
  • Report Non-conformance costs and help to identify Solution Groups
  • Manage construction subcontractors and other suppliers to maintain project delivery timeline and quality
  • Understand and manage sales, property, and personal tax requirements
  • Act as a mentor to new or junior level Portfolio Finance Managers
  • Work to continuously improve project onboarding and execution processes

Fluence Energy provides energy storage technology and digital applications specifically designed for renewable energy. Their products include systems that can store electricity generated from renewable sources, making it available for use when needed. These systems are tailored for various clients, including utilities and industrial customers, and can be customized for different applications. What sets Fluence apart from its competitors is their focus on turnkey solutions, which means they offer complete packages that include all necessary equipment and services for energy storage. The goal of Fluence is to enhance the efficiency and performance of renewable energy systems, helping to support the transition to cleaner energy sources.

Company Stage

IPO

Total Funding

$250M

Headquarters

null, Virginia

Founded

2018

Growth & Insights
Headcount

6 month growth

2%

1 year growth

24%

2 year growth

47%
Simplify Jobs

Simplify's Take

What believers are saying

  • The multiyear agreement with Excelsior Energy Capital to develop 2.2 GWh of battery storage projects in the U.S. starting in 2025 indicates strong future growth prospects.
  • Fluence's new digital hub in Bengaluru enhances its capabilities in energy storage optimization, potentially leading to more efficient and reliable energy solutions.
  • The $2.9 billion increase in Fluence's pipeline from Q1 to Q2 demonstrates robust demand and a strong market position.

What critics are saying

  • Ongoing investigations into potential securities fraud could damage Fluence's reputation and lead to financial penalties.
  • The competitive landscape in energy storage is intense, requiring continuous innovation and investment to maintain market share.

What makes Fluence unique

  • Fluence's shift to domestic manufacturing in Utah from Vietnam positions it as a key player in the U.S. energy storage market, aligning with national interests in supply chain security.
  • The company's focus on energy storage and optimization software, exemplified by its new Remote Monitoring and Diagnostics Center in Bengaluru, sets it apart from competitors who may not offer such comprehensive digital solutions.
  • Fluence's ability to secure significant partnerships, such as with Excelsior Energy Capital and SSE Renewables, highlights its strong market presence and reliability in large-scale energy projects.

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