Accounting Manager

PowerBank Corporation

Canada

Accepting Applications Full-time On-site
Posted 3 weeks, 5 days ago 2 views 0 applications
Job Description
The Accounting Manager, IPP Assets will lead the **accounting, reporting, and performance analysis** for PowerBank’s **owned\-and\-operated IPP portfolio** (asset management). You’ll own the asset\-level close, ensure accurate and timely financial reporting, and provide insight into portfolio performance to support operational and commercial decision\-making. **Key Responsibilities** **1\) Portfolio Accounting \& Close** * Own **month\-end/quarter\-end/year\-end close** for IPP entities/SPVs (journal entries, accruals, reconciliations, working papers). * Maintain accurate accounting for **cash, debt/loan accounts, intercompany, AP/AR** , and project\-level transactions. * Prepare/review **asset\-level financial statements** and supporting schedules; coordinate deliverables across multiple entities. **2\) Financial Reporting \& Compliance** * Support corporate reporting timelines by producing **recurring management reporting packages** and variance explanations for the IPP portfolio. * Ensure compliance with applicable standards (IFRS; exposure to U.S. GAAP is an asset), including key areas such as **leases, fixed assets/CWIP, and asset retirement obligations** where relevant. * Coordinate with external auditors and internal stakeholders to support audits/reviews and improve documentation quality. **3\) Asset Management Reporting \& Analysis** * Partner with Asset Management/O\&M to translate operating results (production/availability, outages, O\&M spend) into **financial performance insights** . * Lead **budgeting/forecasting support** for operating assets and provide variance/root\-cause analysis versus budget and prior periods. **4\) Revenue, Contracts \& Settlements (IPP\-specific)** * Support accurate revenue recognition and settlements tied to **power offtake structures** (e.g., PPAs, net metering / credit arrangements, community solar mechanisms as applicable to the portfolio). * Maintain controls and supportable calculations around billing/true\-ups, receivables, and contract\-driven adjustments. **5\) Lender / Investor Reporting** * Prepare periodic **lender compliance and covenant reporting** and coordinate required schedules/packages (debt service, reserves, cash waterfall support as applicable). * Support financing activities (refinancings, amendments, new asset onboarding) with clean data, reconciliations, and asset\-level reporting. **6\) Process, Controls \& Systems** * Improve scalability of portfolio accounting through standard templates, close checklists, and automation. * Contribute to internal controls and policy development in a public\-company reporting environment. **Required Qualifications** * Bachelor’s degree in Accounting/Finance (or equivalent). * **CPA (Canada) or equivalent** preferred * 5\+ years progressive accounting experience (audit and/or industry), ideally with multi\-entity structures. * Strong knowledge of close, reconciliations, and financial statement preparation; advanced Excel skills. * Able to manage deadlines, communicate clearly with non\-accounting stakeholders, and work independently.
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PowerBank Corporation
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