SkyVest Renewables
SkyVest is a renewable power generation platform backed by ArcLight Capital Partners (“ArcLight”). Through affiliates of ArcLight, SkyVest acquires, operates and optimizes operating utility-scale wind, solar and BESS assets throughout the U.S. SkyVest strives to maximize the potential of its assets and create enduring value for its customers, communities, employees and investors. ArcLight formed SkyVest with the vision of building a leading, multi-billion-dollar platform for its renewable investments, similar to its Alpha Generation platform for thermal generation assets. Since its launch in July 2024, SkyVest has grown its asset portfolio to nearly 1 GW, comprised of wind and solar assets in PJM, ERCOT, CAISO and MISO.
About ArcLight Capital Partners
ArcLight is a leading private equity firm focused on energy and infrastructure, founded in 2001. With deep sector expertise, ArcLight has invested in more than 65 gigawatts of power generation and over 47,000 miles of transmission and distribution infrastructure, representing approximately $80 billion in total enterprise value. The firm is known for its operationally driven investment approach and maintains a large internal team alongside a network of over 2,000 asset management professionals. ArcLight has a strong track record in renewables and energy transition assets, including solar, battery storage, hydroelectric, and natural gas infrastructure.
About This Position
SkyVest is building out a best-in-class asset management platform to manage and maximize the value of our asset portfolio. We are seeking a motivated, detail-oriented individual to join the team as a Senior Accounts Payable (AP) Specialist. This role will oversee the end-to-end accounts payable function, ensuring accurate and timely processing of vendor invoices, expense management, and payments. This role will be the key contact for vendor management and relationships.
This role reports to the Director, Accounting in the Finance department.
Key Responsibilities
Manage the full cycle accounts payable process, including invoice intake, coding, approvals, and payment processing
- Evaluate and document the AP workflows to strengthen internal controls as the company scales and grows
- Propose and schedule payment runs, ensuring proper approvals and 3-way match of invoices
- Oversee vendor account onboarding and management, including collection of W-9, vendor due diligence and information verification, maintaining vendor master data, and resolving discrepancies and inquiries
- Partner across the organization on accurate purchase orders and appropriate cost allocation across the assets and operating expenses
- Ensure compliance with the company’s finance policies, fraud prevention, GAAP, and applicable tax requirements such as 1099 preparation
- Assist with the employee expense reimbursement process and corporate credit card program
- Prepare and review AP aging reports, accrual schedules and support the Accounting team on month-end and year-end close activities
- Develop, track, and report on AP KPIs, including outstanding payable, invoice cycle time, etc.) to drive continuous improvement
- Support with internal/external audit requests as necessary
Qualifications And Skills
- Minimum of 5 years of progressive accounts payable experience, including demonstrated success owning AP processes
- Bachelor’s degree in Accounting, Finance, or related field is preferred (in lieu of degree, equivalent professional experience)
- Working experience with AP automation, ERP system, and workflow tools (ie., Bill.com, Sage, etc.)
- Knowledge of GAAP, internal controls, and AP-related compliance requirements
- Advanced Excel skills
- Proactive and exceptional attention to detail
- Strong communication and relationship management skills
Preferred Background
- Experience in energy, power, or utilities preferred but not required
- Experience working in a start-up and lean working environment, with ability to adapt to a growing organization
Additional Role Information
- Mostly sedentary work; using standard office equipment including: a computer, keyboard, and telephone
- Position is based in Newtown, PA
- Position may require minimal travel to other SkyVest offices or to generation assets
- Must be legally authorized to work in the U.S. without that the need for current sponsorship by the Company
Total Rewards
SkyVest offers a total rewards package to attract and retain top talent in the utility-scale renewable industry. The package includes: competitive compensation that is commensurate with experience; annual bonus target tied to individual and company performance; cost-effective healthcare plans, allowing employees to choose a medical plan that fits their personal needs; 401(k) plan with an employer match that vests immediately; and flexible working environment and schedule.
SkyVest is committed to equal employment opportunity and does not base employment decisions on race, color, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation, and related medical conditions), gender identity or expression, sexual orientation, marital status, protected veteran or military status, disability, protected medical condition, genetic information, or any other characteristics protected by applicable federal, state, or local laws.
