COMPANY OVERVIEW
174 Power Global, headquartered in Irvine, California, is an affiliate company of Hanwha Group, a FORTUNE Global 500 firm that is among the seventh largest business enterprises in South Korea. 174 Power Global designs, builds and manages renewable energy solutions. The company brings a decade of global leadership in renewable energy to North America, combining best-of-world technology, processes, and partnerships to deliver utility-grade energy solutions customized for local energy markets. 174 Power Global offers the full spectrum of energy solutions – from power plant development, design, construction, operations, and maintenance. With proven capabilities across the
renewable energy value chain, 174 Power Global minimizes uncertainty and risk, and helps customers achieve a higher return on their investment in renewable energy.
174 Power Global has recently embarked to enter the energy retail market in deregulated markets throughout North America. Chariot Energy is a retail energy provider based in Houston, Texas. We offer electricity to homes and businesses, and it is our goal to provide products and services our customers love and an unmatched experience that is missing in today’s retail energy market.
174 Power Global has set out to have Chariot Energy become one of the leading energy retail providers (by RCE count) within 5-years of Chariot Energy’s launch.
POSITION OVERVIEW
This role will be reporting to the Chief Financial Officer. The target candidate will be a senior level financial leader responsible for overseeing all aspects of accounting, financial reporting, tax compliance, and treasury management for Chariot Energy in coordination with 174 Power Global and ultimate parent company, Hanwha Group, our Korean parent company. The successful candidate will play a critical role in developing and enforcing internal controls to maximize protection of Company assets, policies, procedures, workflows, and ensuring the accuracy and integrity of financial data. The individual will be responsible for overseeing and supporting the accounting team here at Chariot Energy, with dynamic leadership that fosters an environment of collaboration, accountability, and continuous improvement. The ideal candidate will have experience in Financial Planning & Analysis, have superior technology skills, including proficiency with Microsoft Excel, PowerPoint and database applications such as SAP & Concur, with strong focus on Accounting/Finance, Corporate Planning and Operation settlements.
This role will be located in Houston Texas, and the ideal candidate will be within commutable distance to the Houston office location. This is an onsite required role.
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KEY RESPONSBILITIES- Perform and oversee the full range of general accounting duties for Chariot Energy, including management of all daily accounting functions including accounts receivables and payables processing, invoicing, payroll, journal entries, general ledger, reconciliations, and period close processes.
- Deliver monthly, quarterly, and annual financial statement and reports and accompanying financial statement analysis, ensuring for compliance with US GAAP (and supporting corporate and parent company conversion to IFRS).
- Manage the confirmation of financial condition with external auditors through the production of annual audit financial statement reports.
- Ensure compliance of financial reporting and disclosures with official guidelines and requirements and develop/document/review/maintain formal accounting policies, procedures, and memorandums.
- Coordinate with corporate (primarily the tax & accounting teams at 174 Global) on all accounting matters, including financial consolidation, reporting requirements, and K-SOX compliance and program management.
- Support the financial, planning, and analysis group, executive leadership team and parent company in the preparation of budgets, forecasts, and variance analysis.
- Oversee accounting and tax compliance, ensuring adherence to all relevant regulations, reporting requirements, filings, and standards.
- Prepare and file tax schedules, reports, and returns, including, but not limited to, federal, state, and local income taxes, franchise taxes, sales taxes, property taxes, and other regulatory filings.
- Establish and maintain internal controls related to treasury activities to safeguard assets, prevent fraud, and ensure compliance with policies and procedures.
- Oversee the cash flow of the organization, ensuring that there is enough cash available to meet financial obligations while optimizing the use of cash resources to maximize returns.
- Maintain sufficient liquidity to cover short-term financial needs and emergencies. This involves monitoring cash balances, forecasting cash flow, and coordinating with executive leadership team and parent company to communicate near-term liquidity requirements.
- Manage relationships with banks and financial institutions, negotiating terms and conditions for banking services, credit facilities, and investment products.
- Collaborate with other departments to support strategic initiatives and business objectives.
- Develop & Maintain business plan model (excel-based)
- Establish business plan and analyze monthly performance compared against business plan
- Set up and manage company/functional KPIs
- Provide key financial analysis to enable both day-to-day and strategic decisions
- Collaborate with colleagues working in other operational areas of the business
- Accountable for financial deliverables to the executive team
- Support the day-to-day operational needs of the financial planning team
- Provide financial analysis support for the corporate budgeting and forecasting process
- Assist with performing financial analysis and valuation related to mergers and acquisitions
- Coordinate and work directly with cross functional teams to analyze and adjust processes and functionality to ensure that operational and billing information is accurate, and the financial planning process is efficient
- Interact with the management team to ensure proper reporting of expenses and ensure reliable and accurate forecast
- Proactively identify and resolve existing reporting issues in a timely and accurately fashion by displaying an acute attention to detail
- Perform other ad hoc analysis as required and participate in various projects when needed
REQUIRED COMPETENCIES- Communication – Interacts openly and directly with others
- Analytical - Proven problem-solving capability with strong analytical skills including financial analysis
- Stakeholder Engagement – Understands the importance of seeking out relationships and working with others toward a shared goal.
- Effective Communication - Strong verbal and written communication skills.
- Agility - Demonstrate willingness to modify position as needed to meet the needs of the business.
REQUIRED EXPERIENCE- 8+ years Accounting and Finance experience; CPA preferred.
- Bachelor’s degree in accounting or finance required. A master’s degree is preferred.
- Retail electric industry experience required.
- Working knowledge of the deregulated energy market working in ERCOT, PJM and NYISO preferred.
- Familiar with debt collection laws, regulations, and compliance requirements.
- Strong Proficiency in Microsoft Office Suite; Advanced Excel required.
- Successful leader and developer of accounting and finance teams and functions at rapidly growing enterprises.
- Strong technical accounting skills and knowledge of GAAP, experience with IFRS is a plus.
- Proficiency in financial reporting and analysis, with the ability to interpret complex financial data and communicate key insights to stakeholders.
- Adeptness with accounting software and ERP systems; proficiency with SAP 4 HANA and familiarity with Workday and Concur preferred.
- Demonstrated ability to lead and develop high-performing teams, with a focus on collaboration, innovation, and continuous improvement.
- Excellent communication and people skills, with the ability to build relationships and influence stakeholders at all levels of the organization.
- Commitment to integrity, professionalism, and ethical conduct in all aspects of the role.
- Strong time-management skills with the ability to effectively prioritize and manage multiple tasks in a dynamic environment.
- Strong written and oral communication skills.
- Strong aptitude for problem solving
- Strong attention to detail required.
- Eligible to work in the USA for any employer without sponsorship.
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$160,000 - $180,000 a year
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Attention external recruitment firms, we will not accept any unsolicited resumes at this time. Please do not contact any internal member of our company to discuss the position or to solicit candidates.
174 Power Global d/b/a Chariot Energy, provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. www.mychariotenergy.com
