Project Accounting Manager, Energy Vault
$104-166k
Offers annual bonus plan and Restricted Stock Units
Office located in Westlake Village, CA
Renewable energy storage
Be an early applicant
Renewable energy storage
101-200 employees
Be an early applicant
$104-166k
Offers annual bonus plan and Restricted Stock Units
Office located in Westlake Village, CA
101-200 employees
Company mission
To pioneer a faster journey to the decarbonization of our planet by reducing the cost of abundant clean energy, delivering valuable, grid-scale energy storage solutions, and efficiently solving the demanding requirements of a clean energy future.
Role
Who you are
- The ideal candidate should have project accounting experience in the energy or construction sectors as well as experience with NetSuite’s Project module
- Four-year bachelor’s degree in accounting, business or equivalent degree
- CPA/MBA preferred
- Strong background and experience in project accounting
- 8-10 years in accounting or finance roles (additional years of experience a plus) with progressive responsibility
- Requires Excel proficiency, strong analytical and technical accounting skills, and ability to work independently to solve problems and manage multiple projects
- Great teaming ability with an environmentally conscious attitude
- Experience in Oracle NetSuite modules
- Willingness to travel domestically and/or internationally, up to 10%
- Comfortable thriving in fast-paced, rapid growth environments
- A passion for sustainability, our mission, and our vision is a bonus!
- Must successfully pass a pre-employment background check
- Energy Vault participates in E-Verify
What the job involves
- We are seeking a Project Accounting Manager to spearhead and manage our project accounting processes. The Project Accounting Manager will provide financial and business analysis over the building of our Energy Storage Solutions
- The Project Accounting Manager will oversee operations over the projects’ life cycle from set up through project’s close out. Additionally, the Project Accounting Manager will evaluate project performance and provide analysis to project managers, finance department, and additional key stakeholders
- Support project setup and maintenance in NetSuite, including financial coding, activity codes, cost categories, and reporting structure validation
- Prepare project cost reports, budget-to-actual analyses, committed cost schedules, and variance explanations to support project financial reviews
- Monitor purchase orders, item receipts, vendor commitments, accruals, and project cost activity to support accurate forecasting and reporting
- Assist with monthly EAC preparation by compiling actual costs, committed costs, forecast inputs, ETC updates, risks, and opportunities
- Support percentage-of-completion revenue recognition schedules through project cost tracking, milestone monitoring, and completion data validation
- Support project billing and cash flow forecasting through milestone tracking, billing documentation, customer billing support, and vendor payment analysis
- Assist with CAPEX and OPEX tracking, project cost classification, and financial reporting consistency across project activity
- Maintain organized project documentation, audit trails, data rooms, and support files for audits, SOX controls, revenue recognition, tax-credit reviews, and financing due diligence
- Support recurring and ad hoc financial reporting, including KPI summaries, project status reporting, reconciliations, and variance analysis
- Support NetSuite, Nexonia, and related project accounting processes through data validation, coding review, reporting support, and issue identification
- Identify data inconsistencies, recurring process gaps, and control improvement opportunities to enhance project accounting accuracy, reporting efficiency, and audit readiness
- Partner with Project Accounting leadership, FP&A, project delivery teams, and other finance stakeholders to support accurate project financial management throughout the project lifecycle
Our take
Renewable energy sources such as solar and wind power are often unreliable, so it is necessary to store their output to even out fluctuations in power supply. However, battery production is also polluting, and there are questions about whether supply can keep up with demand.
Energy Vault develops gravity-based storage systems - enormous structures that lift an immensely heavy weight using energy generated by renewable power sources, and release it by lowering the weight over time. Compared to conventional batteries of the same capacity these are far cheaper and simpler to construct, do not need expensive and toxic materials, and can be sited anywhere there is space for them. These batteries yield up to 70% energy savings compared to current technologies, and can hold their charge indefinitely with no degradation unlike chemical batteries.
The company has constructed a major energy storage facility in China and India, with an energy storage capacity of 100 megawatt-hours (enough to power 3,400 homes), and another smaller one in Texas. Energy Vault has also developed newer iterations of its storage systems, which it plans to roll out to the wider market following the success of its initial projects.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
42% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jan 2022
$50m
LATE VC
Aug 2021
$100m
SERIES C
Total funding: $280m
Company HQ
Westlake Village, CA
Leadership
Robert Piconi
(Co-Founder, CEO & Chairman)Was Founder & CEO of Pantheon Heathcare Group, and Group Executive of Danaher Corporation.
Andrea Pedretti
(CTO)Is also Managing Director at p quadrum Engineering. Before that was Co-founder & CTO of Airlight Energy.
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