Form Energy

Revenue and Projects Sr. Accountant

Form Energy$75K — $95K *
Energy & Utilities
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or Finance required.
  • 4-6+ years of progressive accounting experience, focusing on revenue recognition and project accounting.
  • Experience with ERP systems, Oracle Fusion is a plus.
  • Strong independence and adaptability to change.
  • Effective verbal and written communication skills.
  • Ability to multi-task and meet deadlines under pressure.
  • CPA or CPA candidate preferred.

Responsibilities

  • Manage all revenue accounting processes ensuring compliance with GAAP and ASC 606 guidelines.
  • Review complex customer and service agreements for proper accounting treatment.
  • Maintain and reconcile deferred revenue schedules for accurate revenue release timing.
  • Track costs from Construction-in-Progress through to operational capitalization for power plants.
  • Monitor and reconcile deferred project costs for correct capitalization or expense recognition.
  • Own and execute internal controls specifically for the revenue cycle and project asset capitalization.
  • Prepare month-end journal entries and conduct reconciliations for revenue and project assets.

Benefits

  • 100% coverage of medical, dental, and vision premiums for employees.
  • 80% of healthcare premiums covered for dependents starting day one.
  • At least 12 weeks of paid leave for new parents, up to 20 weeks for birthing parents.
  • Generous vacation policies to promote work-life balance.
Full Job Description
We are seeking a highly analytical and detail-oriented Revenue & Projects Sr. Accountant to join our growing accounting and finance team. In this role, you will own the end-to-end accounting for our revenue streams and to be operational power plant projects. You will be responsible for ensuring compliance with revenue recognition standards, managing deferred project costs and assets, managing power plants under construction, and serving as the primary owner for all internal controls related to revenue and project accounting. Relocation assistance is available.

What you'll do:
  • Revenue & Deferred Revenue Accounting
    • Revenue Recognition: Manage all revenue accounting processes, ensuring strict compliance with GAAP and ASC 606 guidelines.
    • Contract Review: Review complex customer agreements, tolling agreements, energy service contracts, and interconnect agreements to determine proper accounting treatment.
    • Deferred Revenue: Maintain and reconcile deferred revenue schedules, ensuring accurate timing of revenue release.
    • Billing & Invoicing: Oversee the generation of project-related billings and ensure timely reconciliation with the general ledger.
  • Project Accounting & Asset Management
    • Project Lifecycle Tracking: Track costs from Construction-in-Progress (CIP) through to operational capitalization for power plant projects.
    • Deferred Project Costs: Monitor and reconcile deferred project costs, ensuring appropriate capitalization or expense recognition.
    • Fixed Asset and Operating Power Plant Support: Maintain the fixed asset register for operating power plants and act as the financial point of contact for plant operations, analyzing operational expenses (OpEx) and project-level cash flows.
  • Internal Controls & Process Ownership
    • Control Ownership: Own, maintain, and execute internal controls over financial reporting (ICFR) specifically for the revenue cycle, deferred costs, and project asset capitalization.
    • SOX Compliance: Ensure all revenue and project accounting processes comply with SOX (Sarbanes-Oxley) requirements or equivalent internal control frameworks.
    • Documentation & Testing: Maintain up-to-date process narratives, flowcharts, and control matrices; coordinate quarterly and annual control testing.
    • Risk Mitigation: Proactively identify control gaps or operational risks within project accounting systems and design/implement remediation plans.
  • Month-End Close, Reporting & Compliance
    • Journal Entries & Reconciliations: Prepare and post month-end journal entries and complete balance sheet reconciliations for all revenue, project asset, and deferred accounts.
    • Variance Analysis: Perform monthly and quarterly flux analysis on project revenue and margins to support management reporting.
    • Audit Support: Act as the primary liaison for external auditors regarding revenue and project cycles, providing required audit schedules and control evidence.
    • Process Improvement: Identify opportunities to streamline project accounting workflows and automate routine processes while maintaining strict control integrity.


What you'll bring:
  • Bachelor's degree in Accounting or Finance required.
  • 4-6+ years of progressive accounting experience, with at least 2 years focused heavily on revenue recognition, project/asset accounting, and internal control execution (SOX).
  • Experience with ERP systems (Oracle Fusion a plus).
  • Able to work independently with little instruction and can adapt to change.
  • Effective verbal and written communication skills.
  • Ability to multi-task and adjust schedules to meet deadlines.
  • CPA or CPA candidate is highly preferred.
  • Experience within the energy, infrastructure, or utilities sector a plus.


Where you'll work:

This role is based at Form Factory 1 in Weirton, WV-an easy commute from the city of Pittsburgh, PA. This 550,000-square-foot facility is our hub for high-volume battery production and a leader in the new era of American energy manufacturing. Relocation assistance is available.

#LI-Hybrid

#LI-CB1

Humanity is a cornerstone of Form Energy's culture, and we make sure our compensation and benefits reflect that. Form Energy offers competitive salaries, stock options, and a holistic benefits package to ensure all employees have what they need to thrive while working here.

When it comes to you and your family's health, we cover 100% of medical, dental, and vision premiums for full-time employees - and 80% of healthcare premiums for dependents. This starts from day one. We also offer at least 12 weeks of paid leave for new parents (up to 20 weeks for birthing parents), and generous vacation policies to give employees time to recharge when needed.

About Form Energy

Form Energy is an American energy storage technology and manufacturing company that is developing and commercializing a pioneering iron-air battery capable of storing electricity for 100 hours at system costs competitive with legacy power plants. Form’s multi-day battery will reform the global electricity system to reliably run on 100% low-cost renewable energy, every day of the year. Form Energy was founded by energy storage veterans who came together in 2017 with a unified mission to reshape the global electric system by creating a new class of low-cost multi-day energy storage systems. Driven every day by Form’s interlocking core values of humanity, excellence, and creativity, our team is deeply motivated and inspired to transform the energy landscape and create a better world.
Learn more about Form Energy
Size
50 employees
Industry
Founded
2017

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