Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 76 power plants in operation and one under construction represents nearly 26,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states, Canada and Mexico. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.

The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.

Job Summary (includes but is not limited to the following, other duties may be assigned)

The Manager Financial Compliance will play a key role in the administration of debt instruments for Calpine Corporation and its subsidiaries to ensure compliance with all provisions of the debt instructions and within established SOX and internal audit procedures.

Job Responsibilities

Responsible for insuring compliance with all provisions of assigned financing transactions and certain asset management duties for the financed projects.

Review new and amended debt agreements and related documents and develop compliance calendars to ensure all compliance requirements are captured in the compliance database. Preparation of monthly and quarterly waterfall certificates, monitoring required reserve balances and bank account balances. Preparation of debt rollover notifications for banks, confirm interest rate settings, prepare variable interest payments and create interest worksheets and providing interest accrual calculations and reports to the accounting, treasury and tax departments as required. Review monthly and quarterly operating reports, major maintenance and capital expenditure reports for completeness and accuracy prior to deliver to the lenders. Coordinate with plant managers, business managers, accounting and independent engineers in the preparation of annual lender budgets and the monitoring of variance during the budget year. Preparation of quarterly restricted payment requirements for assigned projects and the review and sign off by project management, treasury, accounting and legal prior to making the payment. Request financial statements for assigned projects and review to ensure that the description of the financing transaction is correct and to ensure any non-compliance issues are disclosed. Special projects as assigned.

Job Requirements

Bachelor’s degree in Finance, Accounting, Business or Legal and 7-10 years’ related experience in finance and debt instruments. A thorough understanding of the fundamental principles of accounting and financial analysis is required. An understanding of power generation, transmission and power markets would be plus. The primary prerequisite is a high level of motivation and demonstrated aptitude in the finance profession. The position requires the individual to be analytically proficient and adept at problem solving. Must be highly proficient in MS Excel. The ability to work effectively in a team environment is essential and strong verbal and written communication skills are required. The ability to handle multiple assignments on a timely basis with a high degree of accuracy is essential. Must be motivated to work independently and complete these responsibilities with little supervision.

Additional Calpine Information

Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities. Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.

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