Company Description
Recognized by Forbes as one of the fastest-growing private companies in the United States, Palmetto believes that choosing to source clean energy from renewable resources like solar power should be a right, not a privilege. As such, we connect homeowners with renewable energy options such as solar power and energy storage systems. Through our marketplace business model, we empower solar sales professionals and solar installation companies with access to our proprietary design platform, financing, customer management system, logistics, and project management. Our #1 focus is a phenomenal experience for our customers and partners, evidenced in our industry-leading Net Promoter Score.
Our employees are our most valuable resource. Palmetto has a promote-from-within culture for talent development. We offer excellent benefits such as unlimited vacation/PTO, medical, dental, and vision coverage, parental leave, and retirement plans.
Location: This role will be located onsite at our office in Charlotte, NC.
Summary of Role
This role will be critical to the success of our accounting function. The position will be responsible for revenue related processes and technical accounting, including assisting with the valuation of unconsolidated investees. The position will also assist with the monthly, quarterly, and annual close process as well as the preparation of the Company’s quarterly and annual consolidated financial statements. We are looking for someone with a strong accounting background, and a keen eye for detail, who is excited to make an impact, add value, and collaborate with a team in a fast-paced, ever-growing environment.
Strategic & Tactical
- Ensure proper accounting for revenue arrangements, including detailed analysis of complex financial models. As part of this responsibility, the following are critical items that will need to be completed:
- Review and documentation of key assumptions used in financial models
- Preparation of process documentation of all revenue arrangements
- Cash reconciliation process
- Customer & vendor risk review
- Collaborate with the finance team to develop and implement policies for recognizing revenue from renewable energy projects, adhering to ASC 606.
- Drive month-end close processes for timely and accurate reporting, including preparation of reconciliations and other close items as necessary
- Lead the preparation and analysis of monthly, quarterly, and annual financial statements, ensuring compliance with GAAP and industry-specific standards.
- Preparation of GAAP disclosure checklists for all financial statement reporting
- Assist in the preparation and support of external audits, including the documentation and testing of key controls.
- Identify opportunities to streamline and automate accounting processes, with a focus on leveraging industry-specific software and tools.
- Assist initiatives to improve the efficiency and accuracy of financial reporting, including the implementation of new accounting standards and systems.
- Document relevant technical accounting matters, including analysis of new business initiatives
- Support special projects as necessary
- Serve as liaison between accounting and finance teams
Qualifications & Skills Requirements
- Bachelor’s degree with accounting major (or Master’s degree in Accounting)
- Certified Public Accountant license or equivalent required
- 4+ years of progressive accounting experience, with exposure to financial modeling.
- An energetic, proactive individual capable of succeeding in a fast-paced environment; ability to work comfortably with senior management
- Strong planning and organizational skills
- Proficient Microsoft Office knowledge and skills
- Strong understanding of GAAP accounting principles
- High degree of attention to detail and analytic abilities
- Ability to work independently and prioritize tasks
- Familiar with systems similar to our tech stack, which includes NetSuite, Stampli, GSuite, and more
Equal Employment Opportunity
Palmetto embraces diversity and is an Equal Employment Opportunity employer. Employment is decided on the basis of qualifications, merit, and business need. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or any other status protected under federal, state, or local law.
For more about our Privacy Policy, visit: https://palmetto.com/privacy-policy
What We Do
Palmetto is committed to the creation of a distributed, decentralized energy source we call The New Utility, which will replace the fossil-fueled, centralized energy model of The Old Utility. We are working towards this democratization of energy by putting power and control back in the hands of consumers and inspiring them to make environmentally responsible choices. To this end, Palmetto has developed a clean energy marketplace, with proprietary technology designed to make it easier and more affordable for homeowners to source their energy from renewables like solar power. We have developed products that reduce costs and drive widespread distribution of simple energy management solutions. Palmetto is a triple bottom line, fully distributed company with teammates throughout the United States.
