Who We Are
Clean Power Alliance (CPA) is Southern California’s locally-operated, not-for-profit, default electricity provider for 35 communities within Los Angeles and Ventura counties and the 4th largest electricity provider in the State of California. We provide clean, renewable energy at competitive rates to over three million residents and businesses through approximately one million customer accounts.
What You’ll Do
The Financial Reporting Manager will prepare financial statements, support the annual financial audit, research technical accounting issues and new accounting pronouncements, and manage ad hoc accounting projects in compliance with all policies, accounting standards, and contractual and regulatory requirements adhered to at CPA.
Who You’ll Work With
This position is a member of the Finance and Accounting Team, reporting directly to the Senior Director, Finance and Accounting. The incumbent will work closely with the Energy Procurement team, Customer Program team, Customer Care team, Regulatory team, third-party consultants, and vendors.
Commitment to Diversity
At CPA, we value diversity and are committed to creating an inclusive environment for all employees. We represent a diverse customer base and intend to hire employees that reflect our communities. Clean Power Alliance provides equal employment opportunities to all applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
Culture
CPA fosters a culture of open communication, responsibility, intellectual curiosity, and exceptional judgment. As a small team that has quickly built the largest Community Choice Aggregation program in the country, high levels of trust, collaboration, and mission alignment are key factors in success. We value fact-based creativity in our work, accountability with our stakeholders, and promote ethical engagement and diversity with our brand.
Requirements
- Excellent GAAP knowledge and strong analytical skills.
- Experience in General Ledger accounting, revenue recognition, financial reporting, as well as Accounts Payable and Accounts Receivable processes.
- Advanced MS Excel skills, including VLOOKUPs and pivot tables.
- Able to track and manage several projects simultaneously in a dynamic work environment.
- Exceptionally motivated, organized, and detail-oriented with a high level of accuracy.
- Experience in energy and non-profit industry is a plus.
Duties and Responsibilities
- Financial Statements Preparation and Variance Analyses: Prepare monthly and annual financial statements and analysis reports, including balance sheets, income statements, direct and indirect method cash flow statements, and variance analyses. Update and analyze financial workbooks and accounting schedules to ensure timely and accurate financial records and report submissions.
- Audits and Reviews: Assist in the annual financial audit, compliance reviews, and other required audits. Prepare work papers and auditor-requested items in a timely manner.
- Accounting Process Documentation and Procedures: With the Senior Director’s approval, establish, update, and enforce proper accounting methods, policies, and principles, including, but not limited to, accounting process documentation and procedures.
- System Implementation: Support the research, evaluation, and implementation of new accounting software. Review and recommend modifications to systems and procedures.
- Investment Accounting: Manage investment accounting, including preparing accounting entries and required disclosures, validating and reconciling investment transactions, and reporting on investments internally and externally.
- Customer Programs and Grants Accounting: Work closely with the Customer Programs team and the Analyst of Strategic Finance to manage all program and grants-related accounting tasks, including transaction tracking, journal entry preparation, account reconciliations, budget-to-actual comparisons by program, and internal and external report preparation in compliance with GAAP, contractual agreements, and grant terms and conditions.
- Other Key G/L Account Validations and Analyses: Perform accounting analyses and assess financial impact for key general ledger accounts as assigned, including Net Energy Meter liability analyses, Utility User Tax liability analyses, CAISO settlement-by-flow-month reports, Quarterly Fixed Asset inventory reconciliations, and Prepay bond-related accounting analyses.
- Month-end Close Process: Prepare monthly journal entries and balance sheet account reconciliations as assigned to ensure that balances are adequately supported and variances are researched, explained, and properly documented in a timely manner.
- Technical Accounting Research and Analysis: Perform research on technical accounting issues to evaluate compliance with GAAP, GASB pronouncements, and other disclosure reporting requirements. Ensure the accuracy of financial reporting by applying correct accounting standards, staying updated on new accounting regulations, and assisting in implementing those changes. Document new technical accounting guidelines and assess the impact on the Company’s financial statements.
- Accounts Payable and Accounts Receivable Processes: Serve as a backup for Accounts Payable and Accounts Receivable processes and provide support for bank data downloads, system interface, and AP/AR-related reporting. Review annual 1099 filings and unclaimed property filings.
- Monthly Accounts Receivable Analysis: Serve as a backup for the Financial Planning and Analysis Manager in preparing and analyzing the monthly AR Aging report. Collaborate with the Customer Care and Regulatory departments to obtain any AR updates from SCE and conduct necessary analyses to provide regular updates for upper management/committee members.
- Ad Hoc Projects and Other Responsibilities: Perform special Finance and Accounting projects and ad-hoc tasks, including other duties as assigned.
Successful Candidates Must Demonstrate the Following Capabilities
- Strong technical accounting skills and thorough knowledge and understanding of Generally Accepted Accounting Principles (GAAP) and reporting guidance issued by GASB and other regulatory bodies.
- High proficiency in financial reporting with the ability to analyze and evaluate accounting and financial issues and recommend solutions.
- Advanced skills in automated financial and accounting reporting systems and hands-on experience with different accounting software/systems.
- Strong communication skills, excellent time management, and ability to prioritize tasks in coordination with supervisor.
- Strong analytical skills and critical thinking.
- Strong organizational skills and ability to prioritize while focusing on details.
- Excellent verbal and written communication skills.
- High degree of accuracy and attention to detail.
- Strong work ethic and comfortable in a fast-paced environment.
- Works well in diverse teams; collaborative.
- Curious and communicative with a desire to learn; team player with a willingness to help where needed.
- ERP system implementation experience is a plus.
- Energy and power market experience is a plus.
Qualifications
- Candidates must have a bachelor’s degree and a minimum of 5 years of experience in full-cycle monthly close accounting and financial reporting.
- Must be an advanced Microsoft Excel user and experience with a large ERP system.
- Proven knowledge of accounting standards, principles, and regulations.
- Certified Public Accountant license or candidacy and prior audit experience is required.
Work Location
This position is eligible for either Hybrid or Remote options. The Hybrid option requires 2-3 assigned days in the Downtown Los Angeles office and includes a transportation allowance. The Remote & Hybrid options require in-person attendance at organization or team-wide events 3 times per year for 3-5 days per event. Full-time staff are required to work during CPA’s office hours Monday-Friday 8:30am-5:30pm PST.
Benefits
The salary range for this position is $153,885.43-$221,594.65 , with exact compensation to be determined by Clean Power Alliance, dependent on experience. Benefits include health care, a 401(k)-like match program, paid vacation, and sick leave. This is not a civil service position; however, all CPA employees are required to submit a Statement of Economic Interests form, also known as Form 700.
How to Apply
Candidates should apply on CPA’s Career Page. The start date for the position is as soon as possible, and it will remain open until filled.
