Senior Project Accountant, Regulatory

LS Power; Austin (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

LS Power in Austin, TX is seeking a Senior Project Accountant to join the Regulatory Accounting team. This role acts as a financial partner coordinating with project management, regulatory accounting, and fixed asset teams to ensure capital project activity is tracked and reported accurately across functions.

You will lead month-end close for capital projects, monitor CWIP balances, assist with FERC asset unitizations, and support annual audits and budgets.

Qualifications

• Bachelor’s degree in Accounting or Finance.
• Master’s degree or CPA designation preferred.
• Minimum of two years of accounting experience with capital projects or construction accounting.
• Experience with regulated utility accounting or willingness to develop in this area; FERC U.S. GAAP knowledge strongly preferred.
• Public accounting experience with Big 4 or national firm is a plus.
• Experience with ERP/accounting systems; PowerPlan or fixed asset systems are a plus; Microsoft Dynamics 365 experience helpful.
• Strong budget preparation and variance analysis skills.
• Solid knowledge of U.S. GAAP, accounting principles, procedures and practices.
• Excellent Excel skills; able to handle large datasets and financial models.
• Ability to manage multiple tasks, meet deadlines, and maintain attention to detail.
• Collaborative team player with ability to work across levels and functions, including external auditors.
• Strong analytical and numeric abilities; excellent verbal and written communication.
• Ownership mindset with proactive status updates to management.

Responsibilities

• Coordinate with AP, procurement, and project development teams to ensure accurate capital project coding and timely cost capture in the general ledger.
• Review construction invoices against budgets; maintain change orders; track retainage balances.
• Assist with month-end close, including actuals, accruals, and balance sheet reconciliations.
• Monitor CWIP balances and ensure timely plant-in-service transfers with the fixed asset team.
• Assist with FERC asset unitizations and related support.
• Collaborate with accounting peers on additional tasks as they arise.
• Lead monthly cash forecasting for capital projects and monitor cash positions.
• Build and maintain a project spend report for leadership and investors; support budget prep and variance analysis.
• Prepare monthly/quarterly reporting; assist with annual financial statements and audits.
• Support annual budget process for capital spend and provide cost detail to tax and other teams.

Job description

About Us

Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy expansion solutions. Since inception, LS Power has developed or acquired 50,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through its transmission business, LS Power Grid, the company built and operates 780+ miles of high-voltage transmission and 7 transmission utilities and has another 375+ miles currently in construction or development. LS Power actively invests in and scales businesses that are meeting the growing needs of the energy expansion, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised more than $89 billion in debt and equity capital to support North American infrastructure.

Our Purpose, Mission & Values

Our Purpose is to solve complex energy problems that improve the world.

Our Mission is to make lives better by developing a cleaner and more reliable energy ecosystem.

Our Values are Integrity, Innovation, Teamwork, and Taking Ownership. We ask every candidate to think about how their unique skillsets, capabilities, and experiences can help us further strengthen our culture.

Our People create value and are our Most Valuable asset. We take our values of Integrity, Innovation, Teamwork and Taking Ownership seriously and ask candidates to think about how they can help us further enhance our culture with their specific skillsets, capabilities and experiences.

Benefits

We provide our team the opportunity to share their unique perspectives, solve new challenges, and continue in their career growth. We are committed to supporting employees’ happiness, healthiness, and overall well-being by providing comprehensive benefits that include 100% employer paid premium healthcare, paid parental leave and more.

About The Role

LS Power is seeking a Senior Project Accountant to join its growing Regulatory Accounting team. This role serves as a key liaison between the project management, regulatory accounting, and fixed asset accounting teams — ensuring capital project activity is accurately tracked, reported, and reflected across all three functions. The ideal candidate goes beyond recording transactions, acting as a proactive financial partner who understands financial reporting, flags budget overruns early, challenges cost classifications before they hit the ledger, and brings financial discipline and visibility to the construction pr ocess across multiple regulated entities and jurisdictions.

What You Will Do

Project Accounting & Month-End Close

• Coordinate with AP, procurement, and project development teams to ensure accurate capital project coding and timely capture of costs in the general ledger.
• Review construction contract invoices against approved budgets; maintain a change order log; and track retainage balances.
• Assist with project-related month-end close, including recording actuals, determining accruals, and reconciling project balance sheet accounts.
• Coordinate with project managers and the fixed asset accounting team to monitor CWIP balances and ensure timely plant-in-service transfers.
• Assist the fixed asset accounting team with FERC asset unitizations and support.
• Collaborate with and assist the accounting team with other tasks as they arise.

Cash Management & Financial Reporting

• Lead the monthly cash forecasting process for capital projects and monitor cash positions across entities to identify funding needs.
• Build and maintain a monthly project spend report for leadership and investors and support project budget preparation and variance analysis.
• Complete monthly and quarterly reporting as required by individual projects.
• Assist with financial statement preparation (quarterly and annually)
• Assist with the annual financial statement audit and related support/documentation.
• Assist with the annual budget process for capital spend and review capital project budget justifications.

Regulatory Compliance

• Provide accurate, timely data for regulatory reports and filings, including FERC Form 1 and other required submissions.
• Support the income tax, property tax, and sales and use tax teams with project cost detail and documentation as needed.

Qualifications

We Want You on Our Team Because You…

• Hold a Bachelor’s degree in Accounting or Finance; Master’s degree or CPA designation is preferred.
• Have a minimum of two years of accounting experience, with meaningful exposure to capital project or construction accounting.
• Have experience with regulated utility accounting or are eager to develop this expertise; working knowledge of the FERC Uniform System of Accounts is strongly preferred.
• Have public accounting experience with a Big 4 or national firm (preferred but not required).
• Have experience with Microsoft Dynamics 365 or a similar ERP/accounting system; PowerPlan or other fixed asset systems experience is a plus.
• Have experience with budget preparation and variance analysis.
• Possess strong knowledge of U.S. GAAP, accounting principles, procedures, and practices.
• Hold strong Microsoft Excel skills, with the ability to work efficiently with large data sets and financial models.
• Can effectively manage multiple assignments simultaneously, meet deadlines, and maintain excellent attention to detail.
• Collaborative team player with the ability to work across different levels and functions of the organization, as well as with external auditors.
• Possess exceptional analytical and reasoning abilities, with strong numeric skills and quantitative acumen.
• Have excellent verbal and written communication skills, with the ability to present financial information clearly to both technical and non-technical audiences.
• Take ownership of your work and proactively communicate issues and status updates to management.