Fluence

Portfolio Finance Manager

Fluence • $110K — $130K *
Energy & Utilities
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of financial management experience in large projects, ideally in the energy sector
  • Advanced understanding of project accounting methods, including percentage of completion (POC) revenue recognition
  • Expertise in commercial contract terms and project lifecycle management
  • Proficient in project risk management, including insurance and penalties
  • Experience negotiating with customers and suppliers
  • Familiarity with software like NetSuite, SAP, or Primavera
  • Strong MS Office skills, especially in Excel
  • Bachelor's degree in accounting or finance; MBA or CPA preferred
  • Spanish proficiency is a plus

Responsibilities

  • Manage financial aspects of a portfolio of BESS projects in the Americas region
  • Collaborate with project managers to provide insights on project budgets and forecasts
  • Ensure compliance with accounting standards and commercial contract conditions
  • Highlight risks related to contract adherence and project performance
  • Maintain accurate project forecasts, identifying risks and opportunities
  • Implement internal controls for the Order-to-Cash process
  • Drive performance improvements through effective management of change orders and supplier claims
  • Oversee project-related transactions, including purchase requisitions and invoices
  • Evaluate and mitigate penalties from contracts, such as performance guarantees
  • Conduct project reviews throughout contract lifecycles
  • Report on non-conformance costs and coordinate with solution teams
  • Manage subcontractors to ensure project timelines and quality are met
  • Continuously enhance project onboarding and execution processes

Benefits

  • Comprehensive health insurance coverage
  • Retirement savings plan with company match
  • Training and professional development opportunities
  • Flexible work arrangements
  • Company-sponsored events and team-building activities
Full Job Description
Job Description:

This position reports to the Director, Portfolio Finance Management and is responsible for managing and tracking all commercial aspects of a portfolio of BESS projects. This includes driving accounting compliance, ensuring adherence to commercial contract terms, executing financial and operational internal controls, driving and managing customer contract changes and supplier claims and maintaining operational excellence. The position requires interfacing with many internal stakeholders as well as with customers, suppliers, and outside contractors. This role requires a background in accounting & finance, including contract administration, and working with infrastructure and construction projects.

Key Responsibilities
  • Be financially responsible for a portfolio of projects within the Americas region
  • Work closely with project managers to provide timely transparency around project performance against budget and maintain monthly Estimates at Completion for Revenue, Cost, and Margin.
  • Ensure adherence to applicable accounting guidelines
  • Ensure adherence to commercial terms and conditions and highlight associated risks
  • Ensure accurate project forecasts, incorporating known risks and opportunities
  • Execute internal controls related to Order-to-Cash
  • Drive to improve project performance through change orders and supplier claims
  • Review, verify and process project related transactions (purchase requisitions, invoices, etc.)
  • Track, evaluate and work to mitigate contract penalties such as performance guarantees and liquidated damages for delays
  • Organize project reviews throughout the life of each contract
  • Report Non-conformance costs and help to identify Solution Groups
  • Manage construction subcontractors and other suppliers to maintain project delivery timeline and quality
  • Understand and manage sales, property, and personal tax requirements
  • Work to continuously improve project onboarding and execution processes


Qualifications and Experience
  • 5+ years of financially managing large projects, preferably in the energy sector, including scopes of engineering, procurement and construction and equipment supply and services agreements
  • Advanced understanding of project accounting methods, including POC revenue recognition
  • Advanced knowledge of project related activities and the project lifecycle
  • Advanced understanding of commercial contract terms and conditions
  • Advanced understanding of project risk management requirements in the areas of insurance, securities, guarantees, liquidated damages, etc.
  • Experienced in negotiating directly with customers and suppliers
  • Experienced in the use of NetSuite, SAP, Unifier Primavera or similar systems
  • Strong background in using MS Office software: Excel, Word, and PowerPoint
  • Bachelor's degree with a major in accounting or finance
  • MBA or CPA a plus
  • Proficiency in Spanish (written and spoken) is a plus

About Fluence

Fluence Corporation Limited is a global leader in decentralized water and wastewater treatment solutions. The company provides a range of products and services, including containerized treatment plants, membrane bioreactors, and desalination systems. Fluence's solutions are designed to be energy-efficient, cost-effective, and environmentally sustainable. The company serves a variety of industries, including municipal, industrial, and commercial clients. Fluence has operations in North America, South America, Europe, and the Middle East.
Learn more about Fluence
Size
500 employees
Industry
Net Income
-$20 million
Founded
2017
5 Year Trend
-10%
Revenue
$100 million
NASDAQ

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