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Form of workJob Description
Company Overview
Plus Power is an energy storage market leader, with a market-leading 10+ GW portfolio across more than 25 US states and Canadian provinces that will transform North American electric grids into cleaner and more versatile critical infrastructure.
Standalone energy storage is rapidly transforming the North American energy markets, because it is cheaper than new natural gas plants, faster to build than fossil peakers or transmission, and able to perform diverse energy services. Plus Power partners with electricity system operators, utilities, and investors to originate, develop, finance, own and operate standalone energy storage projects that provide critical services to the wholesale electric market. Plus Power's team applies an intentional mindset to energy storage development by using a data-driven approach to development and operations.
At Plus Power, we are focused on solving hard climate problems, profitably. We are growing fast, and value candidates who, like us, share a focus on setting high expectations, owning and learning from mistakes in the spirit of radical transparency, and are committed to internal partnering as a key element of our ideas meritocracy. Our team praises Plus Power's culture and excels through our game-changing mission and supportive ecosystem.
About the Role
Plus Power recruits outstanding professionals who are driven to develop, build and operate assets safely and reliably to decarbonize the power markets while growing their careers. Our team looks for data-driven and fact-based mindsets, engaging and collaborative behaviors, and personal growth-focused professionals.
We are looking for a FP&A Associate to join the growing Finance team at Plus Power. This qualified individual would work under the guidance of the Director of FP&A to maintain accurate cash flow forecasts, prepare draw materials for lenders, and take ownership of the debt facility tracker and reconciliation process. The FP&A Associate will also coordinate the quarterly reforecasting process and assist in the preparation of both SG&A projections and board materials.
Key Responsibilities
- Review cash projections in MS Project, monitor variance analysis reports on a month/month basis, audit projections against Investment Committee, Accounts Payable, and financial closings
- Maintain biweekly meetings with Leadership Team to review cash flows and key risks/sensitivities
- Assist Project Controls in the creation of Power BI dashboards for senior management
- Prepare corporate cash flow model for review, while continuing to enhance forecasting accuracy and automation
- Prepare draw, borrowing certificates, and other required documents for legal review and signature
- Assist quarterly reforecasting and draw process, collaborating across multiple teams/departments to produce a high fidelity forecast of project spend
- Maintain an accurate spend reconciliation against prior quarter actuals to inform Development draw
- Assist in SG&A budgeting and forecasting process, meeting with department heads to build a bottom's up budget and track actuals against plan
- Take ownership of facility balance tracking and reconciliation, providing regular updates to investors
- Assist in the preparation of quarterly board materials
- Ad-hoc analysis as required\
Skills & Qualifications
- Minimum BA/BS in Finance or Accounting
- Minimum of 2+ years of FP&A experience
- Ability to effectively use with MS Office products, advanced MS Excel knowledge is required
- "Data-minded"; prior systems implementation experience a plus
- Power BI, MS Project, NetSuite experience a plus
- Renewable energy experience is a plus
- Strong time and task management skills
- Excellent communication and interpersonal skills, with demonstrated ability to work well in a cross-functional environment
- Impeccable accuracy and attention to detail
- English fluency is required
Compensation, Location, and Benefits
Highly-competitive remuneration from one of the nation's most exciting leaders in the energy storage markets. Flexible, work from home locations acceptable for the long-term, or hybrid work from Plus Power's offices in San Francisco or Houston.
The expected salary range* for this position begins at $130,000. Factors that may be used to determine the final compensation include relevant experience, skills, qualifications, geographic labor market, and other factors consistent with applicable law. This position is also eligible to participate in our annual discretionary bonus program.
Plus Power offers a comprehensive benefits program, unlimited vacation, flexible remote work, and a highly engaging company culture with opportunities for growth.
Plus Power is committed to a diverse and inclusive workplace where people of all backgrounds can thrive. Plus Power is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.
*This information is provided in accordance with applicable law.
