The La Paloma Power Facility operates as a natural gas-fired combined cycle plant, delivering a capacity of 1,022 megawatts. Utilizing ABB GT24 combustion turbines, ABB HRSGs, and an ABB VAX 16 Steam Turbine, this facility employs reliable technology for efficient energy production. Its strategic location and dependable equipment ensure consistent electricity supply while adhering to stringent environmental regulations, fostering sustainability and growth within the region. (approximately 40 miles west of Bakersfield).

Opportunity Summary

The Financial Manager is responsible for overseeing the financial operations, including general ledger maintenance, monthly reconciliations, and ensuring compliance with internal controls and accounting standards. This role involves coordinating the preparation of budgets and forecasts, managing treasury functions, and supporting tax reporting and audits. The Financial Manager will also provide commercial financial insights, optimize operations, and collaborate with key stakeholders to support the strategic goals of the plant.

Your scope of responsibility as Financial Manager includes the following primary functions:

Accounting:

Maintain the general ledger and accounting systems, including preparing and reviewing all necessary journal entries, accruals, inventory entries, and reports to meet closing requirements. Manage fixed asset records and depreciation. Reconcile the general ledger with detailed records. Oversee inventory control, including reviewing physical inventory counts and reconciliations. Audit processes to ensure accurate inventory accounting. Reconcile accounts monthly to ensure accuracy and completeness. Handle revenue and gas purchase accounting by verifying the accuracy of data in daily reports and settlement statements. Record energy sales revenue and gas purchase expenses in the general ledger and perform ISO reconciliations. Prepare monthly, quarterly, and annual financial reports and forecasts. Serve as the primary contact for external auditors during the annual financial audit, including preparing required audit workpapers. Record, monitor, and forecast monthly cash flow activities for O&M and revenue accounts. Collaborate with the IT Manager to address financial and maintenance systems issues. Process insurance and warranty claims. Assist with construction requisitions as needed. Ensure compliance with internal controls, accounting standards, and reporting requirements. Perform special projects or tasks as directed.

Reporting and Budgeting:

Coordinate the preparation of annual operating budgets and quarterly forecasts. Provide financial data and results to the General Manager, Asset Manager, Operations Manager, and Corporate Office, including reporting required under debt documents. Assist in monitoring and maintaining the plant’s compliance with debt documents and covenants. Review and analyze the monthly budget variance report to identify trends and issues.

Treasury and Tax:

Perform treasury functions, including reviewing monthly funding requests, preparing cash forecasts, and coordinating funding and wire requests with plant owners. Manage bank account funding and prepare cash compliance schedules. Handle business tax reporting for the plant, including property taxes, sales and use taxes, and annual personal property tax affidavits. Support tax accountants in preparing annual income tax returns.

Commercial:

Develop and implement data management systems to support the day-to-day operation of the merchant facility. Evaluate performance and provide recommendations to Corporate Management, the Plant Manager, and the Operations Manager to optimize operations under merchant conditions. Lead and support the interpretation, negotiation, and implementation of commercial terms for project contracts and strategic initiatives to enhance long-term asset positioning. Manage the capital project budget and ensure alignment with strategic goals. Prepare accurate and timely commercial reports and analyses. Identify and address commercial and financial issues related to CAISO activities. Provide regular status updates to the Director of Commercial Strategy and the Corporate Accounting Team. Conduct daily CAISO analysis, including reviewing settlement data, identifying disputes, filing disputes, and reporting findings to the Director of Commercial Strategy. Track CAISO costs associated with operational trips and summarize data weekly for commercial calls. Participate in the development and achievement of strategic business plans, goals, and objectives. Provide support for future development efforts.

NAES Safe

Safety is a core value of NAES and as a condition of employment, all employees are expected to be mentally alert and work safely at all times. All NAES managers and supervisors (“Supervisors”) have a direct and important role in ensuring that all work is performed in a healthy and safe manner. Effectiveness in carrying out this responsibility is part of the evaluation of each supervisor’s performance.

Working Relationships

The Financial Manager reports to the Plant Manager and supervises accounting personnel, if applicable. This role also involves close collaboration with the Owner's Asset Management Team and coordination with other plant supervisors as needed.

Physical Requirements and Working Conditions

Power plant environment, which may involve standing for extended periods of time, climbing stairs and ladders, and wearing protective equipment (such as hard hats, safety glasses, and hearing protection). On-site conditions may also require work outdoors in varying weather, including both hot and cold temperatures. Please note that smoking restrictions apply in and around the facility.

Fitness for Duty

All employees will participate in the Fitness for Duty Program. This program includes a post-offer physical examination and drug screening and post-employment random drug screening. 

Work Schedule

This position offers a Monday to Friday work schedule, during regular dayshift hours. Position requires extended working hours and varied shifts with the possibility of weekend and holiday work, as required by schedules, workload, and plant conditions. "On call" status will periodically be required. Some travel may be involved to participate in Manager, Owner, User Group, or other offsite meetings.

Compensation

Initial starting compensation will range from $110,000 to $119,000 and will include an annual performance bonus.

Job Qualifications

Bachelor’s degree in Accounting, Finance, or a related field, with a strong foundation in financial principles and practices. Advanced proficiency in financial software and accounting systems (e.g., SAP, Oracle), with experience in automating workflows, generating reports, and ensuring system accuracy. Extensive experience with general ledger maintenance, journal entries, and financial reporting, including analyzing complex statements, managing multi-currency transactions, and ensuring GAAP or IFRS compliance. Strong knowledge of budget preparation, forecasting, and variance analysis, with a proven ability to lead budgeting, perform financial analysis, and provide strategic performance insights. Knowledge of treasury functions, including cash flow forecasting, funding management, and the ability to optimize financial resources for plant operations. Experience with tax reporting, audits, and compliance with financial regulations, ensuring timely filing and adherence to applicable laws and standards. Excellent analytical and problem-solving skills, with the ability to identify, assess, and resolve complex financial issues in a timely and effective manner. Strong leadership and supervisory abilities, with a proven track record of managing accounting teams, mentoring staff, and ensuring efficient financial operations. Effective communication skills, capable of presenting financial data to non-financial stakeholders, and collaborating with cross-functional teams to drive business goals. Must possess a valid and unrestricted driver's license, ensuring it remains in good standing at all times.

About NAES

NAES Corporation is the leading provider of operations, maintenance, and engineering services for energy facilities. We have established ourselves as a reliable partner for clients in North America and internationally, offering services across power generation, oil and gas, and renewable energy sectors. Additionally, our growing family of companies enables us to address the entire life cycle of power generation and other industrial plants.

NAES is committed to a diverse and inclusive workplace. It is the practice of NAES to seek employees of the highest quality and to select individuals on the basis of merit and competence, without regard to race, color, religion, national origin, gender, gender identity, sexual orientation, age, disability, military status or affiliation protected under USERRA, or any other basis of discrimination prohibited by applicable local, state and federal law.