Senior Accountant

Senior Accountant

Heelstone Renewable Energy is a utility-scale solar, wind, and storage developer headquartered in Durham, NC, with expertise in developing, originating, financing, constructing, and operating solar photovoltaic, wind, and storage projects. Heelstone's strategy includes greenfield development, co-development, and acquisitions of later-stage projects. Heelstone has developed and achieved commercial operation on over 80 solar projects with an aggregate generating capacity of approximately 1.2 GW. Heelstone has partnered with Qualitas Energy to fund its development platform as it continues to grow into a world-class Independent Power Producer.

The Senior Accountant will play a pivotal role in supporting full-cycle accounting across Heelstone's development pipeline and operating portfolio of utility-scale solar, wind, and battery storage projects. The role encompasses diverse accounting workstreams and requires close collaboration with cross-functional teams throughout the project lifecycle. Reporting to the Accounting Manager, the Senior Accountant will interface with the Development, EPC, Asset Management, Operations, Offtake, Project Finance, Corporate Finance, and Legal teams to support company objectives and deliver accurate, timely financial information. This is a full-time position based in Durham, NC.

Responsibilities

Financial Reporting and Close

• Execute month-end, quarter-end, and year-end close processes across the corporate and tax equity structures.
• Prepare and review journal entries, account reconciliations, and supporting workpapers.
• Maintain general ledger integrity across consolidated and project-level entities.
• Maintain consolidation workpapers and prepare elimination journal entries for intercompany receivables/payables, revenue, and expenses across a multi-entity organizational structure.
• Assist in preparation of financial statements, lender reporting packages, Board materials, and other deliverables distributed to external stakeholders and leadership.
• Prepare ad hoc reporting and analysis under tight deadlines.

Project Accounting

• Track project costs during development and construction phases ensuring proper capitalization and expense determinations in accordance with company policy.
• Support transfers from construction-in-progress to placed-in-service, including coordination of placed-in-service dates, depreciation commencement, and fixed asset record establishment.
• Maintain fixed asset schedules and depreciation across the operating portfolio.
• Create and maintain lease amortization schedules in accordance with ASC 842.
• Create and maintain debt amortization schedules.
• Coordinate with operational teams to execute construction loan draw requests, tax equity and debt financing closings, and project distributions.

Accounting Policies and Processes

• Research and interpret accounting guidance as transactions and structures require.
• Assist in reviewing current accounting procedures to identify process improvements that deliver timely, accurate results to internal and external stakeholders.
• Assist in the preparation of technical accounting memos to analyze and document accounting treatment for scenarios common and unique to the renewable energy industry.
• Ensure consistent application of GAAP across all accounting records.
• Ensure the system of internal controls is applied consistently and in accordance with company policies.

Other duties as assigned.

Skills and Personal Qualities

• Proficient in MS Office including, Word, Excel, and PowerPoint
• Proficient in Sage Intacct preferred.
• High attention to detail and a commitment to accuracy and internal control compliance.
• Familiarity with consolidation accounting and intercompany eliminations across a multi-entity structure.
• Self-starter who operates well in an entrepreneurial and collaborative environment
• Strong sense of accountability, taking ownership over projects and responsibilities and resolving issues proactively
• Demonstrated ability to manage multiple workstreams simultaneously and deliver accurate results under tight deadlines.
• Excellent oral and written communication and presentation skills
• Strong organization and management skills

Education/Professional Experience

• Bachelor's degree in accounting; Master's degree a plus
• CPA license required
• 3-6 years of progressive accounting experience; public accounting background strongly preferred.
• Working knowledge of tax equity partnership structures, construction and term debt, leases, and related accounting treatment is a plus.
• Prior experience in renewable energy preferred.

Total Rewards Package

We have an office-based schedule of 4 days in the office (M-Th) and one work-from-home day. Our attractive compensation package offers:

• Competitive Base Salary
• Generous Bonus Program
• 401(K) company match with immediate vesting
• Comprehensive Medical, Dental, and Vision Benefits
• Company-sponsored HRA, employee-funded FSA, and DCA available
• EAP Benefits
• Company paid Long and Short-Term Disability, Life, and AD&D Insurance
• Cell Phone Reimbursement Plan
• Flexible Paid Time Off and allotted Sick Time
• 12 Paid Holidays

In addition to the compensation package, we also boast robust perks which include:

• Provided Setup of at-home Tech
• Company-paid downtown Durham Parking next to the Durham Bulls Stadium
• Free access to our building's state-of-the-art gym
• Fully stocked kitchen with snacks and drinks
• Discount program for popular locations and services
• Amazing rooftop views of Downtown Durham

A note to recruiters:

The Heelstone 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.