Accountant Job Vacancy in Talen Energy Allentown, PA 18101 – Updated today

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Company Name : Talen Energy
Location : Allentown, PA 18101
Position :

Job Description : Number of Openings
1
Time Type
Full time
Job Description
Accountant
Allentown, PA
About Talen Energy
We are a performance-driven company that owns, operates, acquires and optimizes high-quality power infrastructure in North America. Our current generation portfolio consists of 18 generation locations with peaking units that are collectively capable of producing approximately 13,000 MW of power—making us one of the largest competitive power infrastructure companies in North America. Our power generation assets, coupled with our retail operations and commercial capabilities, empower us to grow our platform and create value across multiple markets and customers.
We produce and sell electricity, capacity and ancillary services from our generation assets into wholesale
and retail power markets, principally in the Mid-Atlantic region and Texas. Our integrated generation, wholesale marketing and retail business platform, enhanced by our commercial capabilities, enables us to produce significant recurring cash flow. We also employ a risk management strategy through physical and financial commodity transactions that economically hedges our margin and provides increased cash flow stability across our business.
During 2021, the company announced a strategic transformation of its business model that is underpinned by environmental, social, and corporate governance conscious investment opportunities. Such opportunities include decarbonizing Talen’s generation facility portfolio by eliminating coal usage at wholly owned generation facilities and repowering the facilities to operate on alternate fuel sources. Furthermore, the company is evaluating and developing renewable energy and battery storage projects and has entered into joint ventures to develop zero carbon hyperscale data centers as well as digital cryptocurrency mining facilities.
Talen is sponsored by subsidiaries of Riverstone Holdings, LLC. Riverstone is an energy-and power-focused private investment firm founded in 2000 with over $40 billion of capital raised. Riverstone conducts buyout and growth capital investments in the exploration and production, midstream, oilfield services, power and renewable sectors of the energy industry. With offices in New York, London, Houston, Amsterdam and Mexico City, Riverstone has committed approximately $43 billion to more than 200 investments in North America, Latin America, Europe, Africa, Asia and Australia.
Position
Reporting to an Accounting Director and based in Allentown, Pennsylvania, the Accountant is a critical member of the generation accounting team performing the accounting, reporting, and analysis of various plant activities, as well as supporting the development and application of US GAAP accounting policies and maintaining internal controls.
This position is responsible for accounting activity related to margins, capital projects, insurance, debt and cash application, some of which may involve activities related to new business initiatives including joint venture and equity transactions. In addition, this position is responsible for providing support on the technical accounting implications of new business initiatives, as well as complying with the control (SOX) environment of the Company. The ability to correctly account for a wide range of activity and proactively identify and resolve accounting issues is a critical success factor for the candidate.
The ideal candidate enjoys fostering teamwork, a collaborative approach with colleagues, and a strategic thinking environment which culminates in a “work hard and reap the rewards” culture of a Private Equity backed Independent Power Producer.
Our office is located in Allentown, Pennsylvania and this position would work in a hybrid model that is, working a few days from home and a few days in the office.
What you will own
Preparation of journal entries related to:
Energy and fuel
Fixed assets
Inventory – coal, oil, materials
Operation and maintenance expenses
Prepaids
Investment and equity activity
Monthly accruals
Maintain appropriate systems
General ledger
Fixed assets
Inventory
Perform and review account reconciliations for assigned general ledger accounts, ensure accuracy of information and provide variance analysis
Prepares and analyzes financial statements and other internal/external financial reports
Prepares Balance Sheet and Income Statement Flux Analysis
Prepares and analyzes requested information in support of the audit requests
Assists in the preparation of financial statement workpapers
Assists in accounting set up for new business initiatives, including renewables and data projects
Uses best practices and knowledge of internal/external business issues to improve products or services. Solves more complex problems taking a new perspective on existing solutions
Ensures compliance with GAAP accounting and reporting, FERC, NERC and OSHA requirements, State and Federal rules and laws, and support of any internal department requiring additional knowledge of the accounting departments’ function
Increases and applies knowledge of legal and regulatory issues and changes in accounting guidance
What you have
High integrity and direct communication style
Demonstrated ability to interact well within a team environment and manage projects
Strong financial accounting, analytical and planning abilities with attention to detail
Proven ability to work independently and prioritize critical tasks
Strong oral and written communication skills and ability to interact with various departments and managers
Ability to multitask and to remain calm and patient within compressed timelines
Accounting or finance degree (or equivalent) 0- 5 years’ experience; graduate degree is a plus
Public Accounting experience within a large firm with SEC and/or power industry clients is a plus
Why Talen Energy?
Force for Good
Talen Energy is one of the largest competitive energy and power generation companies in North America. We operate power plants that use diverse fuel sources in the most attractive wholesale power markets and sell energy to wholesale and retail customers in selected competitive markets. Our passion for excellence grows value through safe and efficient operations. We have an inclusive, diverse, respectful and collaborative workplace, and a strong commitment to innovation, teamwork and integrity. We generate energy for a brighter tomorrow.
Collaboration
Our passion for excellence grows value through safe and efficient operations. We have an inclusive, diverse, respectful, and collaborative workplace and were recently recognized by Forbes as one of America’s Best Midsize Employers.
Perks and Benefits
For all corporate based roles, we offer a competitive package and a full suite of benefits, including medical insurance, dental insurance, vision insurance, life lock benefits, 401 (k), paid vacation, free parking, fully stocked kitchen, and onsite fitness center
Please be aware that Talen Energy requires extensive Nuclear Power Plant background security clearance
Talen Energy is an equal opportunity, affirmative action employer dedicated to diversity and the strength it brings to the workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, sex, religion, national origin, veteran status, sexual orientation, genetic information, gender identity, disability, perceived disability or any other protected characteristic as may be defined by applicable law.
If you need assistance with the application process, please email us at Talenenergyrecruitment@talenenergy.com
Note: You will have an opportunity to add attachments to your application. Please use this opportunity to upload your resume, cover letter, and any relevant documents .

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