Senior Manager, Accounting - Residential, C&I & Distributed Energy Portfolio

Overview

This role owns day-to-day portfolio accounting and the general ledger for residential (RESY), commercial & industrial (C&I), and distributed energy solar and storage portfolios. It is a hands-on, portfolio-level accounting position with full sign-off authority for transactions, reconciliations, technical accounting positions, and financial reporting inputs. A separate function handles consolidated/SEC-level reporting; this role provides the underlying portfolio accounting support and final authority on related positions.

Responsibilities

• Own day-to-day portfolio accounting and the general ledger, including:
  • Transaction recording
  • Account reconciliations
  • Journal entry review with full sign-off authority
• Manage month-end, quarter-end, and year-end close on the group close calendar
• Prepare and/or review portfolio-level financial statements and reporting, ensuring accuracy and compliance ahead of consolidated/SEC-level reporting
• Apply and maintain tax equity and partnership accounting, including:
  • Partnership-flip
  • Inverted-lease
  • Pass-through structures
  • ITC allocation and basis adjustments
  • Related fund waterfalls and cash-sweep mechanics
• Own the HLBV (hypothetical liquidation at book value) methodology end to end:
  • Build, maintain, and review quarterly models
  • Determine allocation of income or loss to the tax equity investor and the sponsor
  • Manage non-controlling interest allocation within the model
• Analyze LLC agreements, partnership agreements, and related tax equity documents and translate their economic terms into HLBV model logic and accounting conclusions
• Evaluate and account for tax equity transactions from inception through unwind, including:
  • Consolidation/VIE assessments
  • Buyouts
  • Amendments
  • Maintain model controls and audit-ready documentation
• Account for asset-backed securitization (ASC 860) debt, including:
  • Sale-vs.-secured-borrowing analysis
  • Covenant calculations
• Apply lease and revenue accounting guidance (ASC 842, ASC 606) to residential, C&I, and distributed energy arrangements
• Establish and document US GAAP accounting processes for new or evolving deal structures
• Develop audit-ready technical memos and coordinate with the Technical Accounting group to clear conclusions ahead of external audit
• Serve as primary liaison with external auditors, the asset management team, and service providers
• Coordinate across Treasury, Accounts Payable, Asset Management, Legal, and Tax
• Present financial analyses to senior management
• Hire, manage, mentor, and evaluate accounting staff supporting the portfolio

Minimum Requirements

• Bachelor’s degree in accounting
• CPA credential required (active and in good standing)
• 8+ years in financial accounting or auditing (Big 4 preferred), including at least 3+ years operating at the manager level or above
• Direct financial reporting experience, including preparation and/or review of financial statements
• General ledger ownership and hands-on month-end, quarter-end, and year-end close experience
• Deep working knowledge of renewable energy tax equity accounting and HLBV (hypothetical liquidation at book value), including:
  • Partnership flips
  • ITC allocation
  • HLBV-driven non-controlling interest
  • Fund-level waterfalls
  • Note: this is central to the role and is not substitutable with general SEC reporting or corporate accounting experience alone
• Demonstrated experience reading and analyzing LLC agreements and tax equity partnership documents, including:
  • Allocation and distribution waterfalls
  • Preferred returns
  • Flip and buyout provisions
  • Capital account mechanics
  • And translating these terms into accounting positions
• Hands-on experience building, maintaining, and reviewing HLBV models, including:
  • Tiered liquidation waterfalls
  • ITC basis reduction
  • Tax-to-book differences
  • Period-over-period changes in members’ claims on book net assets
  • Ability to explain results and variances to auditors and senior leadership
• Working knowledge of tax equity structures common to renewable energy (partnership flip, inverted lease, sale-leaseback, and transferability of tax credits) and related ASC guidance, including:
  • ASC 810 (consolidation/VIE)
  • ASC 323 (equity method)
  • ASC 740 (income taxes)
  • Noncontrolling interest classification
• Experience with asset-backed securitization accounting (ASC 860), including:
  • Sale-vs.-secured-borrowing analysis
  • ABS debt
  • Covenant calculations
  • Note: general corporate credit-facility experience is not an equivalent
• Demonstrated portfolio- or entity-level accounting experience with full ownership and sign-off authority (owning transactions and positions directly, not solely reviewing or consolidating others’ work)
• Proven people-management experience, including hiring, performance management, and developing accounting staff
• Strong judgment and ability to operate independently with minimal oversight across multiple deal structures
• Consistently high ethical standards
• Ability to independently define and set accounting processes and policy for new portfolios or deal types
• Strong research skills in accounting literature (ASC standards) with the ability to produce audit-ready technical memos and form well-supported preliminary conclusions in partnership with the Technical Accounting group
• Comfort presenting technical accounting positions and portfolio financial results directly to senior leadership and external auditors

Preferred Qualifications

• Highly preferred: direct, hands-on experience with HLBV accounting in a renewable energy tax equity context, including serving as the final technical authority on related positions
• Highly preferred: experience interpreting complex, negotiated LLC agreements for new tax equity or fund transactions and drafting the accounting memo and HLBV model design before close, partnering with Legal, Tax, and the Technical Accounting group
• Experience with tax equity unwinds, buyouts, and restructurings, including post-flip HLBV treatment, remeasurement, and changes in ownership interest
• Experience with ITC transferability and tax credit monetization structures
• Proficiency in Excel-based financial modeling for HLBV, waterfall, and partnership allocation analysis; familiarity with third-party tax equity investor reporting and model-review processes
• Prior experience specifically in residential solar, C&I solar, distributed energy, battery storage, or other renewable asset portfolios
• Experience with ASC 842 lessor accounting for residential and C&I lease and PPA portfolios
• Experience with Microsoft Dynamics, Xero, Ramp, NetSuite, or BluePoint
• Consolidation preparation experience
• Interest in leveraging AI for accounting workflows
• A verifiable reference from a single engagement or role of 6+ months, reflecting sustained ownership rather than short-term project work

Compensation & Benefits

• Health & Wellness Benefits package including:
  • PPO and HDHP medical plans
  • Buy-up plans for both dental and vision
  • Ancillaries such as Accident, Critical illness, Hospital indemnity
  • Employer-sponsored Short Term and Long-Term Disability
  • Voluntary life
  • Legal services, along with multiple add-ons
• 401(k) package with Safe Harbor Match:
  • 100% up to the first 4%
  • 50% on the next 2%
  • Immediate vesting