David Energy
Accounting Manager
David Energy, New York, New York, us, 10261
About David Energy
David Energy is creating a new kind of power company. Traditional Retail Electricity Providers (REPs) are outdated, opaque, and painful for customers to engage with. We use software to monitor our customers' real-time energy usage, and we aggregate and analyze that data to maximize the value they get from their energy assets - batteries, EVs, HVAC systems and other distributed energy resources (DERs) via participation in energy markets. Our mission is to run the grid on clean energy 24/7.
About the Role
We are seeking a full-time Accounting Manager to join our Finance team and play a crucial part in developing and managing core workflows and accounting systems at the company. The role will be responsible for day-to-day accounting activity and managing the month end close process, including revenue and expense accruals, balance sheet management, and reconciliations, as well as preparing financial reporting deliverables. Additionally, the role will support timely completion and assistance with quarterly and annual financial reporting as well as other ad hoc projects as assigned, covering accounting and financial reporting.
ResponsibilitiesPerform day-to-day accounting activitiesIndependently prepare schedules and journal entries in our General LedgerUtilize accounting tools and financial reporting software to create, maintain and update financial reportsMonitor and review financial and bank statements by establishing internal controls to ensure financial transactions are recorded accurately and timelyManage our accounts payable transactionsProactively notify team of any accounting/reporting issues or concerns
Analyze, review, and report our realized retail electricity margin by geography and customer segmentExecute accrual calculations to calendarize and recognize billed and unbilled retail electricity revenueReview and validate settlement data and invoices to calculate and journal cost and expense accrualsEvaluate and report on realized margin by geography and customer segments
Utilize accounting tools and financial reporting software to create, maintain and Execute the monthly close process within clearly-defined time framesDevelop and manage a month end close checklist that includes required tasks for each financial statement line item with due dates and personnel assignmentsManage our monthly revenue recognition and cost accrualsRefine and/or create month end close reconciliations and other required month end close documentationEnsure new processes and policies are designed to allow for accurate accounting and financial reporting in accordance with GAAPEstablish an organized approach for maintaining month end close documentation
Assist with the preparation of unaudited and audited financial statements in compliance with GAAP and relevant reporting requirementsCompile financial statements and footnote schedules, providing data requests to external auditors, and providing substantial support for audit selections
Assist with identifying and researching technical accounting and reporting matters, accounting principles and financial reporting rulesDocument accounting policies and proceduresKeep abreast of and apply GAAP and relative company policies, practices, and proceduresKeep senior management informed about potential changes in accounting rules being proposed by accounting standard setters, including the potential impact to financial statements
Collaborate with and respond to ad hoc requests from key stakeholders within the organizationRequirements
Bachelor's degree in finance, accounting, or related fieldCPA and / or Master's in accounting is preferred4+ years of experience across public and private accountingFluent understanding of GAAP and accounting methodologiesDemonstrated ability analyzing data and documents to define accounting treatmentExcellent communication skills, and ability to articulate financial information clearlyHighly organized and detail oriented, able to manage various records and processesAbility to anticipate future challenges,take initiatives, and drive innovative solutionsContinuous improvement mindsetCommitment to the highest standards of quality and integrityProficiency with accounting tools including Quickbooks Online and accounting systemsProficient with Microsoft Office, especially Excel for financial and analytical computationsExperience in and understanding of the retail electricity industry is a plus.Highly motivated about our mission to run the grid on clean energy 24/7Benefits
Base salary of $100,000-$130,000 plus equityGroup medical and dental insuranceFlexible vacation/PTO policy401kHybrid office work model (NYC office and WFH flexibility)
David Energy is creating a new kind of power company. Traditional Retail Electricity Providers (REPs) are outdated, opaque, and painful for customers to engage with. We use software to monitor our customers' real-time energy usage, and we aggregate and analyze that data to maximize the value they get from their energy assets - batteries, EVs, HVAC systems and other distributed energy resources (DERs) via participation in energy markets. Our mission is to run the grid on clean energy 24/7.
About the Role
We are seeking a full-time Accounting Manager to join our Finance team and play a crucial part in developing and managing core workflows and accounting systems at the company. The role will be responsible for day-to-day accounting activity and managing the month end close process, including revenue and expense accruals, balance sheet management, and reconciliations, as well as preparing financial reporting deliverables. Additionally, the role will support timely completion and assistance with quarterly and annual financial reporting as well as other ad hoc projects as assigned, covering accounting and financial reporting.
ResponsibilitiesPerform day-to-day accounting activitiesIndependently prepare schedules and journal entries in our General LedgerUtilize accounting tools and financial reporting software to create, maintain and update financial reportsMonitor and review financial and bank statements by establishing internal controls to ensure financial transactions are recorded accurately and timelyManage our accounts payable transactionsProactively notify team of any accounting/reporting issues or concerns
Analyze, review, and report our realized retail electricity margin by geography and customer segmentExecute accrual calculations to calendarize and recognize billed and unbilled retail electricity revenueReview and validate settlement data and invoices to calculate and journal cost and expense accrualsEvaluate and report on realized margin by geography and customer segments
Utilize accounting tools and financial reporting software to create, maintain and Execute the monthly close process within clearly-defined time framesDevelop and manage a month end close checklist that includes required tasks for each financial statement line item with due dates and personnel assignmentsManage our monthly revenue recognition and cost accrualsRefine and/or create month end close reconciliations and other required month end close documentationEnsure new processes and policies are designed to allow for accurate accounting and financial reporting in accordance with GAAPEstablish an organized approach for maintaining month end close documentation
Assist with the preparation of unaudited and audited financial statements in compliance with GAAP and relevant reporting requirementsCompile financial statements and footnote schedules, providing data requests to external auditors, and providing substantial support for audit selections
Assist with identifying and researching technical accounting and reporting matters, accounting principles and financial reporting rulesDocument accounting policies and proceduresKeep abreast of and apply GAAP and relative company policies, practices, and proceduresKeep senior management informed about potential changes in accounting rules being proposed by accounting standard setters, including the potential impact to financial statements
Collaborate with and respond to ad hoc requests from key stakeholders within the organizationRequirements
Bachelor's degree in finance, accounting, or related fieldCPA and / or Master's in accounting is preferred4+ years of experience across public and private accountingFluent understanding of GAAP and accounting methodologiesDemonstrated ability analyzing data and documents to define accounting treatmentExcellent communication skills, and ability to articulate financial information clearlyHighly organized and detail oriented, able to manage various records and processesAbility to anticipate future challenges,take initiatives, and drive innovative solutionsContinuous improvement mindsetCommitment to the highest standards of quality and integrityProficiency with accounting tools including Quickbooks Online and accounting systemsProficient with Microsoft Office, especially Excel for financial and analytical computationsExperience in and understanding of the retail electricity industry is a plus.Highly motivated about our mission to run the grid on clean energy 24/7Benefits
Base salary of $100,000-$130,000 plus equityGroup medical and dental insuranceFlexible vacation/PTO policy401kHybrid office work model (NYC office and WFH flexibility)