The Capital Power Facility is a natural gas-fired combined cycle plant, with a 1,022 MW capacity. Utilizing ABB GT24 combustion turbines, ABB HRSGs, and an ABB VAX 16 Steam Turbine, this facility employs reliable technology for efficient energy production. Its strategic location and dependable equipment ensure consistent electricity supply while adhering to stringent environmental regulations, fostering sustainability and growth within the region.
Opportunity Summary
The Financial Manager is responsible for overseeing the financial operations, including general ledger maintenance, monthly reconciliations, and ensuring compliance with internal controls and accounting standards. This role involves coordinating the preparation of budgets and forecasts, managing treasury functions, and supporting tax reporting and audits. The Financial Manager will also provide commercial financial insights, optimize operations, and collaborate with key stakeholders to support the strategic goals of the plant.
Primary Functions
Your scope of responsibility as Financial Manager includes the following primary functions:
Accounting
•Oversee the general ledger and accounting systems, ensuring accuracy in journal entries, accruals, inventory adjustments, and closing reports.
•Maintain and reconcile fixed asset records, including depreciation schedules.
•Manage inventory accounting by reviewing physical inventory counts, performing reconciliations, and auditing procedures for accuracy.
•Perform monthly account reconciliations to verify accuracy and completeness.
•Record and analyze revenue and gas purchase data, including daily reporting, settlement reviews, and ISO reconciliations.
•Prepare monthly, quarterly, and annual financial statements and forecasts.
•Serve as the primary liaison for external auditors, including preparing audit schedules and supporting documentation.
•Monitor and forecast monthly cash flows for O&M and revenue accounts.
•Work closely with the IT Manager to resolve issues related to financial and maintenance systems.
•Submit insurance and warranty claims as needed.
•Support construction requisitions and ensure proper documentation.
•Ensure compliance with internal controls, GAAP (or applicable accounting standards), and reporting requirements.
•Complete special projects and assignments as directed.
Reporting and Budgeting
•Lead the development of the annual operating budget and quarterly forecasts.
•Provide timely financial data and variance analysis to the General Manager, Asset Manager, Operations Manager, and Corporate Office.
•Ensure compliance with financial and operational reporting requirements under debt agreements.
•Review and analyze monthly budget performance and identify trends or variances for management review.
Treasury and Tax
•Manage treasury functions, including monthly funding requests, cash forecasting, and coordination with owners for wire transfers.
•Monitor bank account balances and prepare cash compliance schedules.
•Oversee business tax reporting, including property taxes, sales and use taxes, and personal property tax affidavits.
•Support tax accountants with the preparation of income tax returns and related filings.
Commercial
•Capital Power Facility operates in a merchant market, requiring dynamic financial strategies and market analysis, including CAISO settlement interpretation.
•Develop and maintain data management systems to support daily merchant operations.
•Evaluate plant performance and provide recommendations to optimize operations under market conditions.
•Support the negotiation, implementation, and analysis of commercial terms for project contracts and long-term initiatives.
•Monitor the capital project budget to ensure alignment with strategic goals.
•Prepare timely and accurate commercial reports and financial analyses.
•Identify and resolve financial issues related to CAISO activities.
•Conduct daily CAISO settlement analysis, including identifying discrepancies, filing disputes, and reporting findings to the Director of Commercial Strategy.
•Track CAISO costs related to operational trips and provide weekly summaries for commercial reviews.
•Contribute to the development and execution of strategic business plans and objectives.
•Provide financial input to support future development efforts.
NAES Safe
Safety is a core value at NAES, and as a condition of employment, all employees are expected to remain mentally alert and work safely at all times. Employees must also adhere to all safety warnings and posted signs while on company property. Additionally, they are required to follow all NAES safety rules and procedures. Adherence to these safety responsibilities is one of the key factors in the evaluation of each employee’s performance.
Working Relationships
The Financial Manager reports to the Plant Manager and supervises accounting personnel, if applicable. This role also involves close collaboration with the Owner's Asset Management Team and coordination with other plant supervisors as needed.
Physical Requirements and Working Conditions
Work is primarily performed in an office environment. However, as the facility is a power plant, there may be occasions that require standing for extended periods of time, climbing stairs and ladders, and wearing protective equipment (such as hard hats, safety glasses, and hearing protection). On-site conditions may also necessitate work outdoors in varying weather, including both hot and cold temperatures. Please note that smoking restrictions apply in and around the facility.
Fitness for Duty
All employees will participate in the Fitness for Duty Program. This program includes a post-offer physical examination and drug screening and post-employment random drug screening.
Work Schedule
This position offers a Monday to Friday work schedule, during regular dayshift hours. Position requires extended working hours and varied shifts with the possibility of weekend and holiday work, as required by schedules, workload, and plant conditions. "On call" status will periodically be required. Some travel may be involved to participate in Manager, Owner, User Group, or other offsite meetings.
Compensation
Initial starting compensation will range from $110,000 to $119,000 and will include an annual performance bonus.
Job Qualifications
We are seeking a candidate with a strong background in financial management and commercial analysis, including experience in accounting operations, budgeting, forecasting, treasury functions, and strategic financial reporting in a merchant market environment.
•A bachelor's degree in Accounting, Finance, or a related field, with a strong foundation in financial principles and practices. Relevant experience may substitute for the degree requirement on a year-for-year basis.
•Advanced proficiency in financial software and accounting systems (e.g., SAP, Oracle), with experience in automating workflows, generating reports, and ensuring system accuracy.
•Extensive experience with general ledger maintenance, journal entries, and financial reporting, including analyzing complex statements, managing multi-currency transactions, and ensuring GAAP or IFRS compliance.
•Strong knowledge of budget preparation, forecasting, and variance analysis, with a proven ability to lead budgeting, perform financial analysis, and provide strategic performance insights.
•Knowledge of treasury functions, including cash flow forecasting, funding management, and the ability to optimize financial resources for plant operations.
•Experience with tax reporting, audits, and compliance with financial regulations, ensuring timely filing and adherence to applicable laws and standards.
•Excellent analytical and problem-solving skills, with the ability to identify, assess, and resolve complex financial issues in a timely and effective manner.
•Strong leadership and supervisory abilities, with a proven track record of managing accounting teams, mentoring staff, and ensuring efficient financial operations.
•Effective communication skills, capable of presenting financial data to non-financial stakeholders, and collaborating with cross-functional teams to drive business goals.
•Must possess a valid and unrestricted driver's license, ensuring it remains in good standing at all times.
About NAES
NAES Corporation is the leading provider of operations, maintenance, and engineering services for energy facilities. We have established ourselves as a reliable partner for clients in North America and internationally, offering services across power generation, oil and gas, and renewable energy sectors. Additionally, our growing family of companies enables us to address the entire life cycle of power generation and other industrial plants.
NAES is committed to a diverse and inclusive workplace. It is the practice of NAES to seek employees of the highest quality and to select individuals on the basis of merit and competence, without regard to race, color, religion, national origin, gender, gender identity, sexual orientation, age, disability, military status or affiliation protected under USERRA, or any other basis of discrimination prohibited by applicable local, state and federal law.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.
full time
$110,000-$119,000McKittrick, CA20 days ago
