Senior Financial Accountant

Senior Financial Accountant

Locations: United States Of America, Oregon, Portland; United States Of America, Massachusetts, Boston

Posted on: 2 Days Ago

Job Requisition ID: R-09253

The base salary range for this position is dependent upon experience and location, ranging from $83,804 to $120,470.

Job Summary

This position is responsible for preparing the financial planning/forecasting processes, preparing financial statements models; and supervising Tax Equity Investment (TEI) related accounting issues for Avangrid Renewables. This position requires a strong specialization in preparation of forecasted financial statements, financial modeling, valuation techniques, and a good understanding of the Renewables energy industry and markets. The ideal candidate is an agile thinker, problem solver, team player, and enjoys taking on new challenges.

Key Responsibilities

• Provide quarterly forecast vs actual analysis for all TEI entities – provide qualitative and interpretative explains of the variances of the HLBV results.
• Manage TEI related accounting matters for all TEI projects – includes preparing/reviewing monthly TEI related accounting entries, helping with new TEI set up process by leading weekly set up meetings, finalizing HLBV and debt models, performing monthly/quarterly/annually TEI related controls, preparing 10-q/10-k TEI related reporting deliverables.
• Prepare the financial statement modeling work – maintaining and updating all the models including the HLBV models, debt models, financial statement templates, etc.
• Review investment models for accuracy, compliance with company policies, proper accounting treatment, and profitability targets.
• Develop and maintain complex business financial models to be used for strategic planning, budgeting, and long-term forecasting.
• Understand tax law and accounting policy changes, analyze impacts to company financials, and present findings.
• Participate in special projects related to key objectives of the Avangrid renewables organization.

Required Qualifications

• Bachelor’s degree in Accounting, Business, Finance, STEM, or related field.
• Strong financial modeling skills of financial statements including income statement, cash flow statement, and balance sheet.
• Familiarity with GAAP.
• Knowledge of financial metrics principles and valuation methodologies.
• Strong analytical and problem-solving skills.
• Ability to adapt to competing priorities.
• Demonstrated ability to work effectively and cooperatively with others as well as operate with a minimum of supervision.
• Strong communication skills with the ability to work cross-functionally with many departments.
• Confidence to challenge/question where appropriate.
• Sound organizational and time management skills.

Preferred Qualifications

• Experience with SAP BPC and SAC systems.
• Ability to build three-statement operating models from scratch.
• Prior work experience in Investment Banking, FP&A, Strategic Finance, Accounting, Equity Research or related fields.
• Familiarity with IFRS accounting principles.
• Prior exposure to or strong interest in the Renewables Industry.
• Experience with Excel VBA (Macro), Power BI.

Competencies

• Growth & Continuous Improvement.
• Initiative & Change.
• Focused on Results.
• Customer Centric (internal and/or External).
• Communication.
• Collaboration.
• Leadership (people managers/leaders).

Mobility Information

Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country.

AVANGRID’s employment practices and policies are geared to hiring a diverse workforce and sustaining an inclusive culture. At AVANGRID we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law.

If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our People and Organization department at

Job Posting End Date: September-26-2024

Avangrid is a leading sustainable energy company transitioning America toward a clean and connected future. Headquartered in Orange, CT, Avangrid has a footprint in 24 states with $41 billion in assets. Our primary businesses are Networks, which serves 3.3 million electric and natural gas customers in the Northeast, as well as Renewables which is the third-largest renewable energy company in the U.S. with a diverse onshore and offshore renewable energy portfolio. With more than 8,000 employees, Avangrid has built a culture that blends diversity, equity, and inclusion guided by the company’s ESG+F framework and the UN Sustainable Development Goals. This has led to recognition by JUST Capital for four consecutive years and, in 2024.