Director of Accounting

Coquí Power; Dorado (PR); On-site; USD 140,000 - 210,000; Full time

Benefits offered by this job

Healthcare package

Dental plan

401(k) matching

Job summary

Coquí Power LLC in Puerto Rico is seeking a Director of Accounting to lead the accounting function for a renewable energy developer and independent power producer focused on solar PV and BESS projects.

This role will oversee the close process, financial reporting, internal controls, audit readiness, and the accounting team’s development across multiple entities, ensuring scalable and compliant finance operations.

Qualifications

• Proven experience with multi-entity financial reporting and consolidation.
• Strong knowledge of US GAAP and internal controls.
• Experience leading an accounting team in a Controller/Director role.
• Fluency in English and Spanish (written and spoken).

Responsibilities

• Oversee general ledger, close process, and financial reporting across holding, development, and SPEs.
• Manage monthly, quarterly, and annual close calendars and intercompany activity.
• Provide variance analyses and reporting to exec team, lenders, and investors.
• Oversee project accounting, cost tracking, and ITC eligibility documentation.
• Develop and enforce accounting policies and internal controls across a multi-entity platform.

Skills

GAAP Expertise

Internal Controls

Financial Reporting

ERP Systems

Bilingual English/Spanish

Education

CPA license

Bachelor’s degree in Accounting/Finance

Tools

NetSuite

SAP

Microsoft Excel

Job description

Coquí Power LLC ("Coquí Power") is a Puerto Rico-based energy infrastructure developer focused on delivering integrated energy solutions across generation, capacity, and transmission assets.

From early-stage development through the full project lifecycle, Coquí Power combines project origination, development, finance, and asset management to deliver long-term energy infrastructure solutions. Together, these capabilities allow Coquí Power to advance and sustain reliable, affordable, and secure energy for the people, communities, and businesses of Puerto Rico.

Coquí Power is an affiliate of Energy Transition Capital Management LLC ("ETCM"), a private equity firm financing the development and long-term operation of critical U.S. energy infrastructure.

The Role

The Director of Accounting will lead the accounting function for a renewable energy developer and independent power producer focused on developing, constructing, and operating utility-scale and distributed solar photovoltaic (PV) and battery energy storage system (BESS) projects in Puerto Rico.

This role is responsible for ensuring the accuracy, timeliness, and integrity of financial reporting across a complex, multi-entity platform. Key areas of oversight include the financial close process, financial reporting, internal controls, audit and lender readiness, and the management and development of the accounting team. The Director will play a critical role in establishing scalable accounting processes and maintaining financial discipline as the platform grows.

The ideal candidate brings deep expertise in U.S. Generally Accepted Accounting Principles (GAAP), a strong understanding of Puerto Rico's tax and regulatory environment, and experience managing accounting operations within a complex, multi-entity organization. Full professional fluency in both English and Spanish is required.

Key Responsibilities

Controllership, Close and Financial Reporting

• Own the general ledger, financial close, financial statement preparation, management reporting, and account reconciliations across the holding company, development entities, and project special-purpose entities (SPEs), including intercompany eliminations and consolidation.
• Manage the monthly, quarterly, and annual close calendar, including journal entries, accruals, reconciliations, intercompany activity, variance explanations, and supporting schedules. Deliver consolidated and project-level financial statements within ten (10) business days of month-end.
• Prepare and present financial variance analyses and operating reports to the executive team, board, lenders, and investors, including covenant compliance reporting and distribution waterfall calculations.

Project Accounting and Cost Controls

• Oversee accounting for development, construction, and operating assets, including project cost tracking, capitalization support, invoice coding, budget alignment, and entity-level reporting.
• Manage the capital project accounting cycle from development through commercial operation, including development costs, interconnection deposits, Engineering, Procurement, and Construction (EPC) milestone payments, change orders, retainage, and owner's costs.
• Track costs by project, phase, and component, including PV modules, inverters, trackers, BESS containers, substations, and interconnection facilities. Review invoice coding against project budgets to support financial reporting, lender draw requests, and tax basis calculations.
• Maintain supporting documentation for project cost basis and Investment Tax Credit (ITC) eligibility in coordination with external tax advisors.
• Ensure project- and entity-level accounting supports management decisions, lender requirements, and audit documentation.

Accounting Policy, Internal Controls and Audit

• Develop, maintain, and enforce accounting policies and an internal control framework appropriate for a multi-entity renewable energy platform, including ongoing monitoring of control effectiveness.
• Establish policies governing capitalization thresholds, development-cost write-offs, depreciation methods and useful lives, revenue recognition, intercompany charges, and expense approval limits.
• Monitor new Financial Accounting Standards Board (FASB) accounting standards, including lease accounting and revenue recognition guidance, as well as applicable federal energy tax regulations. Assess their financial reporting implications and implement necessary changes.

Enterprise Resource Planning, Systems and Data Integrity

• Serve as the primary business owner of the accounting Enterprise Resource Planning (ERP) system, such as NetSuite or SAP.
• Lead ERP implementations, upgrades, and integrations with project management, procurement, payroll, banking, asset-management revenue data, and fixed-asset subledgers, partnering with Information Technology (IT) and other relevant teams.
• Ensure the integrity, consistency, and reliability of financial data across accounting systems, project reporting tools, and supporting operational platforms.

Department Leadership, Accounts Payable, Accounts Receivable and Payment Controls

• Recruit, train, supervise, and evaluate accounting personnel, establishing clear performance expectations, workload priorities, and professional development plans.
• Oversee accounts payable (AP), accounts receivable (AR), revenue recognition, payroll accounting, and balance sheet reconciliations.
• Establish and maintain payment controls, invoice review procedures, receipt tracking, and transaction coding standards to ensure timely, accurate, and properly documented financial transactions.

Tax, Compliance and Entity Support

• Coordinate with external tax advisors and service providers to prepare and file Puerto Rico and United States federal tax returns, supporting tax planning, compliance, and reporting requirements.
• Ensure compliance with applicable provisions of the Puerto Rico Internal Revenue Code and requirements administered by the Puerto Rico Department of the Treasury (Hacienda), including income tax filings, withholding taxes on services, and audited financial statement requirements.
• Maintain accurate financial records and supporting documentation for legal entities, project companies, and other affiliated entities to support statutory reporting, regulatory compliance, and external audits.

Cross-Functional Collaboration, Risk and Governance

• Serve as a trusted financial and accounting advisor to equity sponsors, lenders, auditors, and executive leadership, coordinating due diligence requests, lender and investor reporting deliverables, and special projects.
• Partner with Financial Planning and Analysis (FP&A), Construction, and other operational teams to ensure financial information is complete, accurate, timely, and aligned with project execution and business objectives.
• Identify financial reporting risks, process inefficiencies, and control gaps, recommending and implementing improvements to strengthen financial governance and operational effectiveness.

Qualifications

• Certified Public Accountant (CPA) license issued by the Puerto Rico Board of Accountancy or another U.S. jurisdiction.
• 10+ years of progressive accounting, treasury, or finance experience, including controllership-level responsibility for financial close, financial reporting, account reconciliations, audit support, and internal controls.
• 4+ years of experience leading an accounting team in a Controller, Assistant Controller, Director of Accounting, or comparable senior leadership role.
• Strong knowledge of U.S. GAAP and technical accounting principles, including experience developing, implementing, and maintaining accounting policies and procedures.
• Advanced proficiency in Microsoft Excel and other Microsoft Office applications, with strong analytical, financial reconciliation, and problem-solving skills.
• Full professional fluency in English and Spanish, both written and spoken, with the ability to clearly communicate complex financial and treasury information to executives, lenders, and non-financial stakeholders.

Preferred Qualifications

• Experience with a Big Four or established regional public accounting firm, preferably serving clients in the renewable energy, power generation, infrastructure, or construction sectors.
• Master's degree in Accounting, Finance, Business Administration, or a related field.
• Demonstrated experience leading or playing a significant role in an ERP system implementation, upgrade, or migration, including process improvements and system integrations.
• Experience supporting lender reporting and covenant compliance requirements, including entity-level financial reporting and consolidation across complex, multi-entity organizational structures.

Compensation

• Compensation is competitive and based on experience.
• Salary plus performance-based bonus.
• Competitive healthcare, dental, and 401(k) matching package.