Kindle Energy Management Company LLC

Financial Reporting & Technical Accounting Manager

Financial Reporting & Technical Accounting Manager
Notice info
LocationPrinceton, NJ
Salary$160,000-$185,000
On-site
Oil and Gas

About This Job

Kindle Energy LLC ("Kindle") is a leading power generation and asset management company focused on the management, optimization and development of energy assets across the United States and Canada. A portfolio company of Blackstone Group Inc., one of the world's largest alternative asset managers with over $1trillion in assets under management, Kindle operates with the backing of a premier global investment firm.

Kindle currently manages 8.8 GW of power generation assets located in Ohio, Indiana, Texas, Louisiana and Colorado. Our development and construction achievements include ongoing construction of Magnolia Power, LLC, a 700 MW Combined Cycle Gas Turbine (CCGT) project in Louisiana, and Mountain Peak Power, a 164 MW peaking project in Colorado. We are actively working to expand our footprint through three separate natural gas projects under development: Canyon Peak Power (Colorado)-a 156 MW peaking facility; Wolf Summit Energy (West Virginia)-a 610 MW CCGT; and Lincoln Land Energy Center (Illinois)-a 1156 MW CCGT.

Each of these projects reinforce Kindle's growth and our commitment to delivering reliable, efficient and flexible power solutions to meet evolving grid demands.

Job Summary:

We are seeking to add to our accounting/finance team to support the company’s growth plans and ensure the financial integrity of reported results. The Financial Reporting & Technical Accounting Manager will serve as a Center of Expertise for technical accounting questions as well as manage financial reporting for assigned power plant portfolio(s) managed by Kindle.

Job Duties/Responsibilities:

- Financial Statement Reporting:

- Prepare first-year GAAP financial statements for multiple portfolio companies including footnotes.

- Prepare annual GAAP financial statements for multiple portfolio companies including footnotes.

- Prepare GAAP financial statement disclosure checklists to ensure conformity with GAAP.

- Prepare supporting schedules to provide for the auditors as part of our year end audit.

- Liaise with different department functions.

- Distribute all lender packages to all counterparties by the required deadlines.


Technical Accounting:

- Serve as a subject matter expert on complex technical accounting issues, such as leases, debt refinancings, acquisitions, divestitures, purchase price valuations, asset retirement obligations.

- Preparation of technical GAAP accounting memos

- Research Codification guidance on technical accounting topics

- Liaise with the auditors on the conclusions of the technical topics.

- Liaise with external technical advisors, when necessary.


Month-end Close:

- Perform the month-end close process for a newly acquired portfolio company, including booking journal entries and preparing account reconciliations

- Lead the integration of newly acquired assets

- Prepare quarterly unaudited financial statements and annual audited financial statements

- Lead the year-end financial statement audit process for the newly acquired portfolio

- Assist with debt compliance including preparation of schedules for quarterly submissions to lenders

- Work closely with the local operations/construction teams on any accounting related topics

- Work with the tax department to ensure tax compliance

- Other ad hoc accounting and reporting tasks, as necessary


Other:

- Proactively identify and implement opportunities to streamline and improve finance and accounting processes, often through the use of technology.

- Guide and mentor junior team members, sharing knowledge and building scalable processes.


Working Conditions:

- Hybrid work schedule – 3 days per week in office; 2 days per week remote work

- Open office work environment

- Occasional work outside of normal business hours

- Up to 5% domestic business travel


Minimum Requirements:

- 8+ years’ experience in an Accounting Manager role or equivalent

- Audit experience working as an Audit Manager at a big four firm or mid-tier firm

- Certified Public Accountant license is required


Preferred Qualifications:

- Experience with NetSuite accounting system software preferred, but not essential

- Energy industry experience is preferred, but not essential


Additional Knowledge, Skills, and Abilities:


- Continuous improvement mindset, always looking to improve processes, automate manual tasks and develop/establish formal policies and procedures.

- “Hands-on” and “can-do” attitude; no task is too big or small for this role.

- Strong communication skills to be able to liaise between different functions within the company

- Attention to detail and the ability to view the big picture

- Interest in IT/accounting systems is essential

Kindle Energy LLC provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, or disability. In addition to federal law requirements, Kindle Energy LLC complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has or operates facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, transfer, compensation, and training.

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