Financial Controller
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AI Summary
The Controller will oversee all accounting and financial reporting, including the monthly close process, audit coordination, and JV entity management. They will also manage corporate cash flow, treasury activities, and provide strategic financial analysis to executive leadership.
Benefits:
- 401(k)
- Bonus based on performance
- Health insurance
- Paid time off
- Stock options plan
Company Overview
Sunrock Distributed Generation is a developer, long-term operator, and financier of solar assets deployed on the properties of businesses, municipalities, and nonprofits across the USA. Leveraging an unmatched network of trusted partners and installers, tech-enabled operational efficiency, and a proprietary underwriting method, we design solar and distributed generation solutions tailored to the needs of organizations previously unable to access the benefits of solar energy. Our approach enables businesses to maximize the benefits of solar and distributed energy solutions, regardless of project size. We offer Power Purchase Agreements (PPA) with zero upfront investment, positioning us as the trusted platform for commercial solar DG projects.
Role Description
Sunrock is seeking a Controller responsible for owning audit, JV entity management, payroll, accounts payable and overseeing all accounting and financial reporting for the organization. An ideal candidate will have a strong analytical mindset, experience in the renewable industry, and the ability to transform data into actionable insights. This role involves collaborating with various departments such as finance, asset management, sales and marketing to support business planning, forecasting, and performance monitoring. The Controller will report to the CEO with the opportunity to grow into a leadership role.
Responsibilities
- Lead the monthly, quarterly, and annual financial close process, ensuring timely and accurate recording of transactions, reconciliations, journal entries, and account analyses across multiple legal entities.
- Prepare and review consolidated and standalone financial statements for corporate, holding, and development entities in accordance with U.S. GAAP and company reporting requirements.
- Oversee financial reporting for executive leadership, lenders, investors, and the Board of Directors, including preparation of board materials, investor reporting packages, and ad hoc equity reporting.
- Manage corporate cash flow planning and liquidity by developing and maintaining short-term (13-week) and long-term (12-month) cash flow forecasts and supporting treasury operations.
- Administer treasury activities, including review and approval of wire transfers and ACH transactions, while ensuring compliance with internal authorization controls.
- Perform and oversee complex accounting analyses, including HLBV calculations, depreciation and amortization, revenue recognition, Safe Harbor allocations, and other technical accounting matters.
- Direct payroll accounting and compliance activities, including payroll processing oversight, payroll journal entries, and annual tax reporting requirements such as Forms W-2 and 1099.
- Coordinate external audit, tax compliance, and insurance administration activities, serving as the primary liaison with external auditors, tax advisors, and other professional service providers.
- Maintain and enhance internal controls, monthly close procedures, financial reporting processes, and accounting documentation to improve operational efficiency and ensure regulatory compliance.
- Monitor investor capital activity, including tracking equity contributions and supporting partnership and ownership reporting requirements.
- Collaborate with executive leadership and cross-functional teams to provide financial analysis, strategic insights, and accounting support for business initiatives and special projects.
- Ensure the integrity of financial records by overseeing reconciliations, clearing accounts, and balance sheet roll forwards while driving continuous process improvements within the accounting function.
Qualifications
Required
- A bachelor’s degree in Finance, Accounting, or other relevant disciplines
- CPA credential
- 6+ years’ experience in renewable energy
- Expertise with tax equity and M&A transactions
- Expertise in overseeing accounting, tax, treasury, financial reporting, and budget management processes with the capacity for direct involvement
- Prior experience setting up accounting for project companies, special purpose entities, and LLCs
- Proven analytical abilities and the capacity to distill complex analysis for important decision-makers
Preferred
- Proven managerial skills, including the ability to recruit, develop, and motivate team members. Will manage a team of 1-2 direct reports
- Ability to utilize Excel spreadsheets, create Excel trackers, and use Word and PowerPoint for reports and presentations
- Advanced experience with NetSuite
Position Type/Expected Hours of Work
The candidate is ideally located in New York or the Northeast Region with Eastern Time hours expected. The position is ideally hybrid with onsite NYC office days but can be US-only remote for the right candidate. This role may involve occasional in-person meetings in Baltimore and NYC offices.
Compensation
$ 160-185k base + bonus + equity commensurate with experience
Flexible work from home options available.
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