Competitive Power Ventures, Inc. (“CPV” or the “Company”), with its headquarters in Silver Spring, MD and an office in Braintree, MA, is a leading clean energy company built around the belief that progressive companies can be powerful leaders in creating a better world and a cleaner environment. CPV is privately held, and has approximately 90 employees.
CPV is seeking a Manager of Commodity Settlements to join our Accounting team in Silver Spring, MD. We maintain a shared services environment to perform commodity settlements on behalf of both owned and third-party managed power plant projects. CPV manages power plants across the US that require revenue billing, invoice review and verification and invoice dispute resolution, all to be performed in accordance with existing contractual provisions. In this operational role, the ideal individual will have hands-on responsibility to interact with the Company’s Energy Management, Asset Management, Project Accounting and other personnel. This position is responsible for performing the preparation of and/or timely and accurate review and verification of commodity invoices in compliance with counterparty contracts. This position will also perform account reconciliations and other recurring accounting tasks in conformity with an accounting monthly close schedule. It is important for this individual to perform the Company’s commodity A/P and A/R settlement functions timely, accurately and in compliance with the Company’s internal control framework. This position reports to the VP of Accounting.
Timely review and reconciliation of accounts receivable and accounts payable commodity invoices.
Preparation of commodity and trade settlement invoices.
Ensure reconciled invoices are properly coded and entered into the Company’s accounting system, including certain automated workflow tools
Manage CPV employees who support the commodity settlements function
Resolve discrepancies between third party data and the Company’s data by working with the Company’s Energy Management personnel
Manage the commodity customer and vendor set-up process
Assist in the Company’s credit risk monitoring by ensuring commodity cash receipts are recorded timely in the accounting system
Utilize, update and maintain commodity settlement information using Excel, OfficeCast, Dynamics GP and automated workflow tools
Review staff work, including data entry and reconciliations
Energy industry and/or commodity settlement experience preferred
Proactive and able to work with those from other Company departments and third-party representatives
Excellent verbal and written communication skills
Effective management and development of staff
Excellent organizational and teamwork skills
Detail-oriented, organized, and the ability to multi-task several priorities in a high volume, deadline driven, and fast-paced environment
Bachelor’s degree in Accounting or a business-related concentration preferred
Minimum 6 years’ experience in A/P a A/R functions, and other basic general ledger accounting, financial accounting systems and analysis
Proficient in Microsoft Dynamics GP and automated workflow tools
Strong proficiency in MS Office and Excel spreadsheets
Exhibit a professional demeanor that aligns with our core values
Must pass a background check and credit check
CPV holds all employees to the highest ethical standards and is committed to conducting business with integrity, transparency and honesty to ensure our success. CPV is an Equal Opportunity Employer.