- Manage reporting to investors and government agencies (DOE, MMS, FERC, CEC).
|
- Develop and maintain discounted cash flow models, operating cost models and royalty accounting models.
|
- Develop and maintain long term financial models, responsible for 3-to-5-year forecasting of revenues streams.
|
- Perform and manage royalty true-ups, reconciliations, and other compliance functions.
|
- Administer operation finance components of internal and external audits. Regularly represent Ormat to various auditing entities including regulatory agencies, SOX consultants, and financial auditors.
|
- Certify and verify monthly revenues and royalty payments.
|
- Prepare and update forecast of energy and capacity rate changes and communicate changes to Plant Managers.
|
- Review and approve monthly and quarterly revenue analyses per SOX procedures.
|
- Revenue and cost forecasting, budget vs actual analysis and year over year analysis.
|
- Contract management and invoicing
|
- Renewable Energy Credits (RECs) management and reporting and verifying accuracy of annual compliance report.
|
- Review and analyze budget vs. actual for department and project spending.
|
- · Regular reporting of budget status, and analysis, to department leadership (VPs, Directors,
|
|
- Create/input, maintain, update and analyze all Resource related budgets and templates within the
|
- company’s accounting software.
|
- Assist the accounting department with revenue and royalty analysis.
|
- Track investor budgets and operating reports according to financing agreement requirements.
|
- Reconcile annual Power Purchase Agreements (PPAs) supply obligations with actual deliveries and if applicable negotiate with contracted parties and draft settlement agreements and estimate shortfall penalties.
|
- Prepare operational summaries and compile data for annual review.
|
- Prepare and update Power Purchase summaries and agreements.
|
- Manage PPAs, continually monitoring updates and communicating across the business and creating reference documents.
|
- Advising internal/external partners on business agreements that have significant financial impact and insuring strategic alignment of various business groups.
|
- Manage roles and responsibilities of the Asset Management team to ensure goals are met and driving development of the team.
|
- Prepare ad hoc analysis and data gathering.
|
- Maintain working knowledge of GAPP practices, create and apply internal controls to meet SOX requirements.
|
- Ability to work weekends and evenings when required.
|
