Director, Finance & Central Support

<p><strong>Headquartered in Reno, NV, Ormat designs, develops, builds, owns and operates geothermal and recovered energy-based power plants in the US and worldwide. With a spotless international reputation, we&rsquo;re on track to become a leading global provider of renewable energy.&nbsp;</strong></p> <p><strong>We take pride in our family-oriented business building practical green energy solutions from the ground up.&nbsp;</strong></p> <p><strong>Join a team that&rsquo;s giving new life to the future of our planet.&nbsp;</strong></p>

Reno, NV

Ormat Technologies, Inc.

https://www.ormat.com/en/home/a/main/

keywords: position summary,management,prepare,operations,analysis,reporting,performance,education & experience,communication,skills,physical requirements

Full Time

Overview: The Director, Finance &amp; Central Support manages the Asset Management team and performs a wide variety of tasks related to the planning, developing and reporting of Ormat&rsquo;s revenues and expenses.
Responsibilities: <ul> <li>Manage reporting to investors and government agencies (DOE, MMS, FERC, CEC).</li> <li>Develop and maintain discounted cash flow models, operating cost models and royalty accounting models.</li> <li>Develop and maintain long term financial models, responsible for 3-to-5-year forecasting of revenues streams.</li> <li>Perform and manage royalty true-ups, reconciliations, and other compliance functions.</li> <li>Administer operation finance components of internal and external audits. Regularly represent Ormat to various auditing entities including regulatory agencies, SOX consultants, and financial auditors.</li> <li>Certify and verify monthly revenues and royalty payments.</li> <li>Prepare and update forecast of energy and capacity rate changes and communicate changes to Plant Managers.</li> <li>Review and approve monthly and quarterly revenue analyses per SOX procedures.</li> <li>Revenue and cost forecasting, budget vs actual analysis and year over year analysis.</li> <li>Contract management and invoicing</li> <li>Renewable Energy Credits (RECs) management and reporting and verifying accuracy of annual compliance report.</li> <li>Review and analyze budget vs. actual for department and project spending.</li> <li>Regular reporting of budget status, and analysis, to department leadership (VPs, Directors, Managers).</li> <li>Create/input, maintain, update and analyze all Resource related budgets and templates within the company&rsquo;s accounting software.</li> <li>Assist the accounting department with revenue and royalty analysis.</li> <li>Track investor budgets and operating reports according to financing agreement requirements.</li> <li>Reconcile annual Power Purchase Agreements (PPAs) supply obligations with actual deliveries and if applicable negotiate with contracted parties and draft settlement agreements and estimate shortfall penalties.</li> <li>Prepare operational summaries and compile data for annual review.</li> <li>Prepare and update Power Purchase summaries and agreements.</li> <li>Manage PPAs, continually monitoring updates and communicating across the business and creating reference documents.</li> <li>Advising internal/external partners on business agreements that have significant financial impact and insuring strategic alignment of various business groups.</li> <li>Manage roles and responsibilities of the Asset Management team to ensure goals are met and driving development of the team.</li> <li>Prepare ad hoc analysis and data gathering.</li> <li>Maintain working knowledge of GAPP practices, create and apply internal controls to meet SOX requirements.</li> <li>Ability to work weekends and evenings when required.</li> </ul> <br /><br /><strong>Other Responsibilities:</strong><br /><br /> <ul> <li>Other duties and projects as assigned.</li> </ul>
Requirements: <ul> <li>A Bachelor&rsquo;s of Science in Economics, Finance, or Accounting required, a Master&rsquo;s degree is preferred.</li> <li>5 years&rsquo; related experience including supervision.</li> <li>Must have the ability to read and interpret legal agreements in order to communicate to other stakeholders.</li> <li>Must have excellent presentation and communication skills.</li> <li>Must have strategic management, good judgment and decision-making skills.</li> <li>Must be results and detail oriented with the ability to focus on short-term and long-term results.</li> <li>Must have good management and leadership skills.</li> <li>Must be self-directed with the ability to work under pressure.</li> <li>Must be able to use and acquire knowledge of a variety of computer software applications in word processing, spreadsheets, database and presentation. Must be proficient in MS word, Excel, PowerPoint and use of the internet.</li> <li>Must have the ability to read, write and speak English at a level that will permit the employee to understand and communicate information in a manner that will enable the employee to safely and efficiently perform the job duties.</li> </ul> <br /><br /><strong>Physical Requirements:</strong><br /> <ul> <li>The ability to work at a computer, and computer monitor, and use repetitive motion for long periods of time.</li> <li>The ability to occasionally lift up to 25 pounds.</li> <li>This position requires sitting 80% of the time and standing and walking 20% of the time.</li> </ul> <br /><br />