Senior Accountant, Form Energy
Revenue and Projects
$84.5-121.5k
+ Stock options. Salary applicable to CA, MA & WV only & varies depending on location
More information about location
Energy storage systems manufacturer
Open for applications
Energy storage systems manufacturer
501-1000 employees
Open for applications
$84.5-121.5k
+ Stock options. Salary applicable to CA, MA & WV only & varies depending on location
More information about location
501-1000 employees
Company mission
To form a better world by developing, manufacturing, and commercializing a new class of cost-effective, multi-day energy storage systems that will enable a reliable and fully renewable electric grid year-round.
Role
Who you are
- We are seeking a highly analytical and detail-oriented Revenue & Projects Sr. Accountant to join our growing accounting and finance team
- Bachelor’s degree in Accounting or Finance required
- 4–6+ years of progressive accounting experience, with at least 2 years focused heavily on revenue recognition, project/asset accounting, and internal control execution (SOX)
- Experience with ERP systems (Oracle Fusion a plus)
- Able to work independently with little instruction and can adapt to change
- Effective verbal and written communication skills
- Ability to multi-task and adjust schedules to meet deadlines
- CPA or CPA candidate is highly preferred
- Experience within the energy, infrastructure, or utilities sector a plus
What the job involves
- In this role, you will own the end-to-end accounting for our revenue streams and to be operational power plant projects. You will be responsible for ensuring compliance with revenue recognition standards, managing deferred project costs and assets, managing power plants under construction, and serving as the primary owner for all internal controls related to revenue and project accounting
- Revenue Recognition: Manage all revenue accounting processes, ensuring strict compliance with GAAP and ASC 606 guidelines
- Contract Review: Review complex customer agreements, tolling agreements, energy service contracts, and interconnect agreements to determine proper accounting treatment
- Deferred Revenue: Maintain and reconcile deferred revenue schedules, ensuring accurate timing of revenue release
- Billing & Invoicing: Oversee the generation of project-related billings and ensure timely reconciliation with the general ledger
- Project Lifecycle Tracking: Track costs from Construction-in-Progress (CIP) through to operational capitalization for power plant projects
- Deferred Project Costs: Monitor and reconcile deferred project costs, ensuring appropriate capitalization or expense recognition
- Fixed Asset and Operating Power Plant Support: Maintain the fixed asset register for operating power plants and act as the financial point of contact for plant operations, analyzing operational expenses (OpEx) and project-level cash flows
- Control Ownership: Own, maintain, and execute internal controls over financial reporting (ICFR) specifically for the revenue cycle, deferred costs, and project asset capitalization
- SOX Compliance: Ensure all revenue and project accounting processes comply with SOX (Sarbanes-Oxley) requirements or equivalent internal control frameworks
- Documentation & Testing: Maintain up-to-date process narratives, flowcharts, and control matrices; coordinate quarterly and annual control testing
- Risk Mitigation: Proactively identify control gaps or operational risks within project accounting systems and design/implement remediation plans
- Journal Entries & Reconciliations: Prepare and post month-end journal entries and complete balance sheet reconciliations for all revenue, project asset, and deferred accounts
- Variance Analysis: Perform monthly and quarterly flux analysis on project revenue and margins to support management reporting
- Audit Support: Act as the primary liaison for external auditors regarding revenue and project cycles, providing required audit schedules and control evidence
- Process Improvement: Identify opportunities to streamline project accounting workflows and automate routine processes while maintaining strict control integrity
Our take
Central to the development of the digital revolution is the role of electric grid infrastructure and expansion. A completely electrical infrastructure is restricted by the fact that electrical energy is difficult and costly to store. Form Energy, however, has created a reliable battery that has the capacity to revolutionise how we use electricity.
Revolutionising battery storage is at the core of Form Energy’s approach to making renewable energy universal. Its battery uses Iron-air technology that currently offers energy storage capacities and operational costs comparable to legacy power plants. In addition to improvements in cost and consistent electricity access, these batteries are scalable, portable, and safe - offering a unique approach to renewable energy storage.
Renewable energy storage remains an emerging industry, and a variety of competitors are developing alternate solutions. That said, Form Energy has bagged significant investment that enables early manufacturing efforts and securing of customers. Early progress is highlighted by a deal with Xcel Energy to supply systems for two of its retiring coal plants, and with Puget Sound Energy to help deploy multi-day energy storage systems.
Freddie
Company Specialist at Welcome to the Jungle
Insights
60% employee growth in 12 months
Company
Funding (last 2 of 11 rounds)
Dec 2024
$50m
SERIES F
Oct 2024
$405m
SERIES F
Total funding: $1.6bn
Company benefits
- 100% of medical, dental, and vision premiums covered for employees
- Health insurance coverage begins first day of employment
- Health Savings Account
- Generous PTO policies to enable employees to recharge when needed
- An Employee Resource Program that provides mental health counseling services, legal guidance, financial resources, and other helpful consulting services
- 80% of the total medical, dental, and vision premiums covered for dependents
- 12 weeks of paid parental leave, 14 weeks for the birthing parent
- Access to a Dependent Care Account
- Access to a Health Flexible Spending Account
- Access to a Commuter Benefits Account
- Access to an Adoption Assistance Flexible Spending Account
- Stock options granted to all employees
- Stock equity education and tax advice service provided by Carta
- Company sponsored 401k
- Access to an annual budget for professional development
- License to complete Gallup’s Strengths Finder Assessment and ongoing resources
- 100% employer-sponsored coverage life insurance, and short and long-term disability policies
Company HQ
Ward Two, Somerville, MA
Leadership
Ted Wiley
(Co-Founder, COO & President)Studied at Harvard Business School before spending 6 years at Aquion Energy and then a year as President of McDonough Innovation. They co-founded Form Energy in 2017, serving since as COO and President.
Mateo Jaramillo
(Co-Founder & CEO)Mateo started their career at Predictive Networks before joining Gaia Power Technologies and then Tesla. They left their VP of Products & Programs role in 2016 to found Verse Energy in April and Form Energy in December 2017.
William Woodford
(Co-Founder & CTO)William Woodford is co-founder and CTO of Form Energy. His career has focused on developing robust low-cost energy storage systems.
Yet-Ming Chiang
(Co-Founder & Chief Scientist)Co-Founder and Chief Scientist at Sublime Systems, and Professor at MIT. Prior to Form Energy, Chiang co-founded the companies Desktop Metal, 24M Technologies, A123 Systems, and American Superconductor Corp.
Marco Ferrara
(Co-Founder & Chief Digital Officer)Also co-founded Tessolar. Former VP of Energy, Analytics and Optimization at IHI INC.
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