Senior Accountant, Revenue and Projects
Form Energy · Berkeley, United States · 2mo ago
Are you ready to build America’s energy future? Form Energy is an American manufacturing and energy technology company. We’re revolutionizing energy storage with cost-effective, multi-day technology designed to keep the electric grid secure and reliable, even during extended periods of stress. By strengthening the electric system and reimagining what’s possible, we’re giving clean energy a whole new form!
In recent years, Form Energy has earned a number of accolades, including being named by TIME as a “Best Invention”, MIT Technology Review as a “Top Climate Tech Company To Watch”, and Fast Company as “One of the Next Big Things In Tech”. We are making rapid progress on our mission of delivering energy storage for a better world, and our team is growing just as rapidly to meet demand. We have signed contracts with leading electric utilities across the United States and production of our iron-air batteries is underway at our first high-volume manufacturing facility in West Virginia.
Working for Form Energy is more than just a job, it’s a chance to be part of something extraordinary. And now - right as we significantly scale up battery manufacturing - might be the most exciting moment in the company’s history to join. We are assembling a team of highly talented and driven individuals across the country. Driven by our core values of humanity, excellence, and creativity, our team is determined to deliver on our mission and transform the energy landscape for the better.
Feeling energized to make a meaningful impact on the world? Then keep reading - you’ve come to the right place.
Role 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.
This is a hybrid role, which will require working onsite from our office in Berkeley, CA 3+ days per week.
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.
#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.
To build America’s energy future, we need everyone at the table. We are proud to be an equal opportunity employer, and encourage candidates from all backgrounds to apply to our open jobs.
If you may require reasonable accommodations to participate in our interview process, please contact accommodations@formenergy.com. Requests for accommodations will be treated with discretion.
Form Energy is committed to maintaining the privacy of our applicants. Please be aware that we will never solicit sensitive personal information such as Social Security numbers or bank account details during the recruiting or hiring process.