Accounting Manager

The Company

Cypress Creek Renewables is powering a sustainable future, one project at a time. We develop, finance, own and operate utility-scale and distributed solar and storage projects across the country. Fostering a diverse group of innovative thinkers from all backgrounds, Cypress people are drawn to work in a purpose-driven organization. We hope you will join us.

Overview

The Accounting Manager role will manage the full cycle accounting functions for various Fund and Project-level entities holding solar energy systems.  These functions include but are not limited to, management of cash payments, lease accounting, debt service, review of excess cash waterfall steps, financial account reconciliations and various other cash and reporting activities.  The solar energy systems are made up of inverted lease structures, partnership structures and special purpose entities.  This position will play a critical role in meeting close deadlines and preparing GAAP Financial Statements and Debt Covenant calculations for compliance purposes.  This role does come with direct reports and will report to the Assistant Controller.  This role involves applying a broad range of accounting including general ledger, treasury operations, account reconciliations, and performance of complex consolidated financial statements.

The Accounting Manager will have the ability to help develop and implement policies, procedures, and other best practices with the assistance of the Assistant Controller.  This role will also work closely with the Fund and Asset Management teams.

The Accounting Manager must be comfortable working independently and a hybrid schedule.

Responsibilities

• Training and Managing Project Accountants on all aspects of their role
• Review or approve supporting documents and journal entries in areas such as, but not limited to cash, prepaids, accrued expenses, deferred revenue, leases, debt, interest rate swaps, various operating expenses and revenues, investment and equity
• Reconcile inter-company activity, including inter-company payables, receivables, investments, and lease payments
• Review reconciliations for Balance Sheet related accounts
• Understand and record eliminating journal entries for intercompany activities and prepare consolidated financial statements for investors, lenders and management.
• Preparation and review of various reports including but not limited to net cash flow and debt service coverage ratios
• Prepare and review annual audited financial statements and footnotes, and work with independent auditors to provide support for the annual audit process
• Onboarding fixed assets which includes monitoring transactions of assets under construction and reviewing/performing cost segregations
• Run ad hoc analysis and detail as required
• Handles various other duties as assigned by the Assistant Controller

Education & Experience Required

• Required: Bachelor’s degree in Accounting OR Bachelor’s degree in Finance, Business or closely related field if applicant is a CPA or is eligible to sit for the CPA examination based on educational requirements.
• Minimum of five (5) years of progressively responsible experience working in accounting, finance, treasury or a closely related field required
• Intermediate to advanced excel skills including but not limited to the ability to use Sumifs, vlookups, pivot tables, and other basic excel functions
• Certified Public Accountant (CPA) is a plus, but not required
• Experience drafting GAAP financial statements and footnotes
• Thorough, detail-oriented, highly organized and performs effective self-reviews
• Ability to identify problems and discrepancies, independently perform research and analysis of causes, and recommend corrective actions. Ability to prioritize and multi-task accordingly in a fast-paced environment is required
• Ability to communicate clearly and precisely on operational issues
• Understanding of solar tax-equity structures or experience performing full cycle fund accounting (solar or otherwise) is a huge plus.

Skills/Abilities

• Excellent Excel skills
• Excellent verbal and written communication, planning, analysis and organizing skills
• Strong leadership, appraisal, relationship management, and problem-solving skills
• Must be able to multi-task and strong organizational skills are a must for this role
• Must be able to use discretion and independent judgement
• Must be able to implement process improvement changes
• Must be able to work in a team environment
• Must be able to pay close attention to details
• Must be able to adapt and flex to a changing environment
• Solar industry fund accounting is teachable, but requires an eagerness to learn and advance your knowledge and skill, and upon hire, requires proficiency in accounting including debits, credits, creation of complex schedules and journal entries, creation of consolidated financial statements and footnotes, and other items discussed herein.

Locations: The preferred location for this role is one of our offices in either Asheville, NC or Durham, NC. Additionally, we are on a hybrid schedule 3/week.

Benefits:

• 15 days of Paid Time Off, accrual up to 20 days, 11 observed holidays.
• 401(k) Match
• Comprehensive package including medical, dental, vision and health insurance
• Wellness stipend, family planning stipend, and generous parental leave
• Tuition Reimbursement
• Phone Bill Reimbursement
• Fully expensed company travel, mileage reimbursement
• Company Swag

A note to Recruiting Agencies Cypress Creek Renewables Human Resources team does not accept unsolicited resumes from third party recruiters, staffing firms, or related agencies. The Human Resources team coordinates all recruiting and hiring at our company. We do not accept resumes from third-party recruiters unless authorized by the Human Resources team and if a signed agreement is in place. Any unsolicited resumes will be considered property of CCR and we are not responsible for any related fees. All communication related to recruiting partnerships should ONLY be directed to the Human Resources team.

Cypress Creek Renewables is an equal opportunity employer and considers all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status. We are committed to providing a workplace that is inclusive and values diversity, and we encourage candidates from all backgrounds to apply.