Senior Accountant II - Technical Accounting

Invenergy; Chicago (IL); Hybrid; USD 105,000 - 122,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401k

Paid time off

Job summary

Invenergy in Chicago seeks a Senior Accountant II, Technical Accounting, to support the research, application, and implementation of technical accounting matters across the accounting organization. Reporting to the Senior Manager, Technical Accounting, this role analyzes complex transactions, prepares accounting memoranda, and helps implement new accounting standards.

Key responsibilities include reviewing contracts for ASC implications, owning the lease portfolio under ASC 842, managing hedge

Qualifications

• Bachelor's degree or higher in Accounting, Finance, or a related discipline.
• 4+ years of accounting experience, including public accounting, financial reporting, or technical accounting.
• Strong understanding of U.S. GAAP and financial reporting principles.
• Experience researching accounting guidance and preparing analyses or position papers.
• Excellent written and verbal communication, with ability to explain complex concepts.

Responsibilities

• Technical Accounting Review contracts, agreements, and transactions to identify accounting implications and disclosure requirements.
• Research technical accounting matters and prepare memoranda supporting conclusions under U.S. GAAP.
• Own the accounting and reporting for the Company's lease portfolio (ASC 842); maintain lease accounting system and controls.
• Manage accounting and reporting for derivative instruments (ASC 815); coordinate with valuation providers and prepare analyses.
• Support implementation of new accounting standards and methodologies.
• Partner with Accounting, Tax, Finance, Legal, and Operations to identify and resolve emerging transactions.
• Support external audits with analyses and documentation of technical accounting matters.
• Contribute to development of accounting policies, procedures, and internal controls.
• Participate in special projects requiring technical accounting analysis.

Skills

U.S. GAAP knowledge

Analytical skills

Communication skills

Public accounting experience

Technical accounting

Education

Bachelor's degree in Accounting or Finance

Job description

Invenergy is North America’s largest privately held developer, owner, and operator of power infrastructure. With 25 years of trusted execution, we deliver reliable, affordable energy through a diverse portfolio that includes natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, we develop, own, and operate large scale projects that power communities and support the energy future. Invenergy follows a hybrid schedule, working in office Monday through Thursday and remotely on Fridays if work permits. This position will be open for application for at least 3 calendar days from the posting date. This position will remain open for application based on business need, which may be before or after the 3-day posting window.

Position Overview

As a Senior Accountant II, Technical Accounting, you will support the research, application, and implementation of technical accounting matters across Invenergy's accounting organization. Reporting to the Senior Manager, Technical Accounting, this role is responsible for analyzing complex accounting transactions, preparing technical accounting documentation, and assisting with the implementation of accounting policies and new accounting standards. This position is ideal for an accounting professional with a strong technical foundation, attention to detail, and a desire to develop expertise in complex accounting topics within a fast-paced and dynamic environment.

Responsibilities

• Technical Accounting Review contracts, agreements, and transactions to identify accounting implications and disclosure requirements
• Research technical accounting matters and prepare accounting memoranda supporting accounting conclusions under U.S. GAAP
• Own the accounting and reporting for the Company's lease portfolio, including performing technical accounting assessments under ASC 842, maintaining the lease accounting system and related processes, and executing key controls to ensure the completeness and accuracy of lease accounting and financial reporting
• Manage the accounting and reporting for derivative instruments, including hedge designations and documentation, coordination with third-party valuation providers, preparation of accounting analyses and journal entries, and execution of related controls to ensure compliance with ASC 815 and accurate financial reporting
• Support the implementation of new accounting standards, accounting policies, and accounting methodologies
• Proactively partner with stakeholders across Accounting, Tax, Finance, Legal, and Operations to identify emerging transactions, gather relevant information, assess accounting implications, and drive issues to timely resolution.
• Support external audit requests by preparing analyses and documentation related to technical accounting matters
• Contribute to the development and enhancement of accounting policies, procedures, and internal controls
• Participate in special projects and transactions requiring technical accounting analysis and implementation

Minimum Qualifications

• Bachelor's degree or higher in Accounting, Finance, or a related discipline
• 4+ years of accounting experience, including experience in public accounting, financial reporting, technical accounting, or a combination thereof
• Strong understanding of U.S. GAAP and financial reporting principles
• Experience researching accounting guidance and preparing accounting analyses or position papers
• Strong analytical and problem-solving skills, with the ability to evaluate complex accounting issues
• Excellent written and verbal communication skills, including the ability to communicate technical accounting concepts to both accounting and non-accounting audiences
• Strong sense of ownership and accountability, with a proven ability to identify issues, ask thoughtful questions, and drive projects and accounting analyses to timely completion
• Demonstrated ability to operate independently, proactively obtain information from stakeholders, and advance complex accounting issues with minimal oversight
• Eligible to work in the United States without the need for employer visa sponsorship now or in the future

Preferred Qualifications

• CPA license preferred
• Experience with derivatives, renewable energy tax credits, or other complex accounting areas
• Experience in the energy industry or with complex project-based accounting environments
• Experience preparing technical accounting memoranda and supporting external audits

Base Pay

Base Pay $105,000.00 - $122,000.00 USD

Annual Bonus: 20% - 30%

The base pay range reflects the minimum and maximum target salary for the position. Invenergy considers a number of factors when determining base pay offers such as the scope and responsibilities of the position and the candidate's experience, education and skills. In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus program(s) which are designed to reward individual and company performance.

Benefits

• medical, dental and vision insurance, 401k, paid time off, etc.

Invenergy LLC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.

Invenergy is North America’s largest privately held developer, owner, and operator of power infrastructure. With 25 years of trusted execution, we deliver reliable, affordable energy through a diverse portfolio that includes natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, we develop, own, and operate large scale projects that power communities and support the energy future.