Manager - Battery Storage

Summary

Join Plus Power, a leader in energy storage, as their Corporate Debt & Treasury Operations Manager. This role involves overseeing and administering corporate credit agreements, ensuring compliance, and collaborating with various teams. You will be responsible for loan reconciliations, covenant compliance, interest calculations, and debt-related reporting. The position also contributes to strategic financial planning and treasury activities, optimizing the company's capital structure. Plus Power offers a competitive compensation package, flexible work arrangements, and a comprehensive benefits program. The ideal candidate will possess a strong background in corporate finance, treasury, or accounting, along with experience in corporate debt management. Apply by 07/04/2025.

Requirements

• Bachelor’s degree in finance, Accounting, or related field (CPA or CFA preferred)
• 5–7+ years of experience in corporate finance, treasury, or accounting, with 3-4+ years of experience in corporate debt management
• Experience with loan administration, credit agreements, and capital project accounting
• Strong understanding of GAAP accounting for interest capitalization and debt instruments
• Proficiency with ERP systems (e.g., NetSuite) and treasury management platforms
• Experience with implementing Credit Agreement & Debt Management Systems designed to help companies manage multiple credit agreements, calculate interests, track covenants, amortization schedules, and coordinate reporting across multiple departments
• Demonstrated ability to work collaboratively and effectively in a cross-functional environment with both technical and non-technical team members who are geographically dispersed
• Ability to identify continuous improvement opportunities and take initiative to drive solutions
• Ability to uphold standards of complete discretion and confidentiality and exercise good judgment on day-to-day decisions
• Ability to effectively manage multiple priorities and deliver timely, high-quality results
• Excellent communication and interpersonal skills, with a demonstrated ability to collaborate effectively with diverse teams
• Intermediate to advanced proficiency in the Microsoft suite of tools and applications including Outlook, Word, PowerPoint, with advanced proficiency in Excel and debt modeling

Responsibilities

• Maintain and administer all corporate credit agreements and ensure compliance with terms
• Prepare and track draw requests (including preparation, review and/or delivery of conditions precedent to drawings), prepayments, maturities, interest period conversions and continuations
• Perform loan reconciliations and validate principal and interest payments
• Support the administration, reporting obligations, and compliance of corporate credit agreements by calculating applicable fees, monitoring covenant compliance, and maintaining effective communication with lenders among other responsibilities
• Prepare and submit compliance certificates and related documentation, as applicable
• As new corporate credit facilities are negotiated, review and comment on term sheets and definitive documents on behalf of FP&A/Treasury, in particular with respect to matters relating to loan administration
• Calculate and record interest costs on development-stage projects in accordance with the company’s capitalization policy
• Assist Accounting and FP&A teams with accurate calculation and reporting of interest for inception-to-date costs by project
• Coordinate the preparation and management of closing documentation to support the accurate and timely repayment of debt obligations
• Manage issuance, renewal, and tracking of letters of credit and surety bonds, as needed
• Support Accounting and Compliance Team with audits and insurance renewal by providing credit support-related documentation for corporate entities
• Coordinate with banking partners to open and maintain bank accounts and ensure compliance with KYC requirements
• Assist in management and investment of excess cash in accordance with company policy
• Monitor liquidity positions and provide support in short-term cash planning
• Prepare schedules and documentation to support due diligence and audits Assist with quarterly and annual debt disclosures
• Assist with annual debt confirmations for audit purposes
• Support ad hoc analysis and scenario modeling related to corporate debt planning
• Assist in evaluating refinancing opportunities, amendments, or new credit facilities
• Develop and improve internal controls and documentation surrounding debt-related workflows

Benefits

• Highly competitive total compensation from one of North America’s leading energy storage developers, owners and operators
• Flexible, work from home or hybrid work from Plus Power’s offices in San Francisco, Houston, Chicago, New York, Seattle, and Palm Beach
• The expected salary range* for this position begins at $150,000
• We may ultimately pay more or less than the posted range based on several factors including, but not limited to relevant experience, skills, qualifications, geographic labor market, and other factors consistent with applicable law
• This position is also eligible to participate in our annual bonus program
• Plus Power offers a competitive and comprehensive benefits program, unlimited vacation, flexible remote work, work from home stipend, educational assistance, parental leave, and a highly engaging company culture with opportunities for in-person connection and learning and growth