Accounting Supervisor, Project Financing
Description
About EVgo:
EVgo (Nasdaq: EVGO) is a leading provider of electric vehicle (EV) charging solutions, operating one of the largest public fast charging networks in the United States. With over 1,000 fast charging locations across 40 states, EVgo serves more than one million customer accounts. Our mission is to expedite the mass adoption of electric vehicles by creating a convenient, reliable, and affordable EV charging network that delivers fast charging to everyone. EVgo partners with automakers, fleet operators, retail hosts, and policy makers to offer innovative services such as EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+. Committed to sustainability, EVgo uses 100% renewable energy and fosters an inclusive community with diverse practices. Our commitment to diversity, equity, and inclusion is integral to our mission and operations, ensuring a welcoming environment for people of all backgrounds. For more information, visit https://www.evgo.com.
Position Summary:
The Accounting Supervisor – Project Financing will be responsible for overseeing the financial aspects of EVgo’s project financing activities including those related to the recently announced conditional commitment secured with the Department of Energy for a $1.0 billion loan. This role will ensure proper accounting treatment for project-related transactions, manage financial reporting related to project financing, and support internal and external stakeholders in understanding project costs, revenues, and profitability. The Accounting Supervisor will work closely with the Treasury team to manage financing arrangements, optimize cash flow, and ensure compliance with loan covenants. This role requires strong leadership skills and a deep understanding of accounting principles as they apply to project financing.
Responsibilities:
- Supervise and manage the financial aspects of project financing transactions, including loan drawdowns, interest calculations, and compliance with financing agreements.
- Work closely with the Treasury and Legal teams to manage project financing, ensure efficient cash flow, monitor loan balances, and coordinate repayments and compliance with financial covenants.
- Ensure transactions are recorded, documented, reviewed, and supported in accordance with Company policies and U.S. GAAP. Reconcile and/or review general ledger accounts, rollforward schedules.
- Investigate and resolve variances in a timely manner.
- Prepare and review monthly, quarterly, and annual financial reports for project-related activities, ensuring accuracy and compliance with accounting standards.
- Complete timely analysis of balance sheet and income statement accounts.
- Work with the Technical Accounting team on the accounting for project financing transactions and any significant and/or unusual transactions.
- Work closely with the Funding Realization, Infrastructure Engineering, and Deployment teams to monitor project budgets and expenditures, ensuring costs are tracked accurately and align with approved budgets.
- Oversee the reconciliation of project accounts, ensuring the correct application of funds and that all discrepancies are resolved.
- Assist with internal and external audits, providing documentation and explanations for project financing activities as needed.
- Ensure compliance with relevant accounting standards under U.S. GAAP, project financing terms and conditions, and company policies.
- Ensure compliance with the Company’s internal controls over financial reporting including identifying and addressing any deficiencies.
- Design and implement processes to streamline project financing accounting and reporting functions across the Accounting team.
- Continuously identify opportunities for process improvements within project financing accounting workflows and implement best practices for efficiency.
- Drive system implementations/enhancements to achieve quality and efficiency objectives.
Required Skills/Experience:
- Bachelor's degree in Accounting, Finance, or a related field. CPA preferred.
5+ years of experience in accounting, with at least 2 years in project financing or project-based accounting. - Experience in a public company and proper implementation of internal controls highly preferred.
- Strong knowledge of U.S. GAAP.
- Advanced Excel proficiency including advanced quantitative/data functions.
- Experience with NetSuite, Salesforce, Sitetracker, and Coupa, a plus.
- Excellent written, verbal, interpersonal, and management communication skills.
- Team player with the ability to work independently
- Strong attention to detail and accuracy; highly resourceful and displaying a "roll-up your sleeves" positive attitude.
- Ability to work in a fast-paced, evolving industry and manage multiple projects simultaneously.
- Deadline oriented and excellent time management skills.
- Knowledge of Sarbanes Oxley and requirements to be compliant.
- Solid leadership presence in leading, managing, and motivating others through complexity and high growth phase.
For job positions in CA, CO, and NYC, the estimated salary range for a new hire in this position is $120,000 USD to $130,000 USD. Actual salary may vary depending on job-related factors, including knowledge, skills, experience, and location. In addition to a competitive base salary, we offer discretionary target cash bonuses, restricted stock units (subject to Board Approval), and a comprehensive benefits package including health, life, and disability insurance, unbounded paid time off including parental leave, and a 401(k).
To find out more, or to join the EVgo network, visit www.evgo.com. Connect with EVgo on Facebook and follow us on Twitter. At EVgo, we are committed to creating a more equitable and inclusive workplace where everyone feels welcome. Apply today to join our team and help make a meaningful impact in the fight against climate change. By submitting this form, you acknowledge you are sharing your personal information with EVgo. By proceeding, you consent to EVgo’s Privacy Policy and Privacy Notice for California Residents. More detail regarding personal information we collect, how we use that information, how we share that information, and your rights and choices can be found here.