GM, Power Portfolio Controller

Location: Houston, Texas, US, 77002

Job ID#: 1101

Job Category: Accounting / Finance

Position Type: Regular FT

JERA Americas Inc. is part of a global energy company, supporting the transition to a cleaner, more sustainable world while fulfilling our responsibility to provide a safe and stable supply of reliable and affordable energy. The Company is a subsidiary of Tokyo-based JERA, which stands for Japan's Energy for a New Era. JERA has committed to achieving net zero CO2 emissions from its businesses by 2050 and is contributing to the development of a sustainable society.

JERA Americas seeks to continue its rapid expansion into renewable energy markets focusing on wind, solar, and cutting-edge technologies for hydrogen production and transportation. To meet the challenges of a fast-growing company, we are searching for talented individuals who thrive in a fast-paced environment and want to be part of the equation to provide energy for a new era.

Summary

The General Manager – Portfolio Controller will oversee all power plant accounting functions, review monthly financial reporting packages delivered to owners (including budget-to-actual variance analysis), lead external audits, draft financial statements with required US GAAP disclosures, and serve as a lead facilitator in the annual budgeting process. This position reports to the VP Finance Controller, directly supports Asset Management function initiatives, and regularly interacts with plant personnel. The ideal candidate possesses deep understanding of power industry economics and market mechanisms, can quickly grasp complex contractual frameworks across multiple companies, and demonstrates an improvement-oriented mindset focused on standardizing practices across portfolios.

Position Description

• Direct the project-level accounting activities for four (4) thermal power plant portfolios

• Prepare responses to requests from investors regarding the financial position, tax, financial results, and other industry-related topics

• Oversee the monthly close process. This includes review of the monthly close checklist, review, understanding of all account reconciliations, and performance of budget-to-actual variance analysis

• Compile and deliver financial, investor, and bank compliance reports on a timely basis

• Facilitate budget generation meetings, and provide standardized templates, and compile a completed set of budget workpapers inclusive of inputs from various departments (Risk, Finance, Commercial, Insurance, etc.)

• Oversees preparation of quarterly unaudited financial statements and drafts the annual audited financial statements, including updating or authoring disclosures, as required by the portfolio’s LLC/partnership agreement or debt agreements

• Responsible for the financial section of the monthly operating report which may include gathering non-financial operating metrics

• Arranges and coordinates activities associated with the annual financial statement audit and ensures quality understandable workpapers are submitted to auditors

• Interfaces and assists tax consultants in the preparation of annual tax returns, and K-1s, and quarterly estimated payments, as needed, to meet various tax compliance requirements

• Maintain formal policies and procedures including the research and application of all GAAP policies and procedures

• Makes staffing level recommendations as complexity of business evolves

• Interfaces and assists consultants in the preparation of GAAP to IFRS reconciliations on a quarterly basis

• Possess strong and effective project management skills and be willing to complete ad hoc requests

• Ensure compliance with internal controls

Qualifications

Required Education and Experience

• Bachelor of Science Degree in Accounting, Finance, or related field
• Minimum of ten (10) years of experience in finance, accounting, tax, and financial planning
• Comprehensive knowledge of US GAAP, full-cycle close process, and financial reporting

Preferred Knowledge and Education

• Master’s degree in business or accounting
• Certified Public Accountant
• Knowledge of accounting concepts specific to power industry
• Experience with project financing
• Exposure to financial projection models
• Commodity price risk and hedging strategies
• Credit Risk management and hedging strategies

AP/EEO Statement

JERA Americas Inc. provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Further, the company takes affirmative action to ensure that applicants are employed, and employees are treated during employment without regard to any of these characteristics.

Nearest Major Market: Houston