Nexus Circular is the leading advanced recycling company at the center of the circular economy. We accelerate plastic recycling so that people, economies, and the environment can thrive.

At Nexus Circular, we are building for the future. Our team brings together engineers, operators, analysts, and business professionals who are solving meaningful challenges and expanding what is possible in plastic recycling.

Position Summary

Nexus Circular is seeking a Manager, Capital Accounting to join our growing Finance and Accounting organization. Reporting to the Corporate Controller, under the CFO, this role will own the accounting, financial reporting, and internal control activities associated with the Company’s significant capital investment program.

As Nexus continues to grow, the Company expects to develop and construct multiple large-scale manufacturing facilities and add-on enhancements over the coming years, with individual projects representing investments of approximately $50-200 million. This role will be a critical accounting partner throughout the lifecycle of those projects, working closely with Construction, Engineering, Project Management, Finance, and other cross-functional teams to ensure capital expenditures are appropriately tracked, accounted for, and reported in accordance with U.S. GAAP.

This is an excellent opportunity for an accounting professional who enjoys working beyond the traditional boundaries of accounting. The successful candidate will be comfortable partnering with non-accounting teams, understanding complex construction projects, and translating operational and cash-spend activity into the appropriate GAAP accounting treatment.

The position will not initially have direct reports but is expected to have the opportunity to build and lead a team as Nexus’s capital program and accounting organization continue to grow.

Key Responsibilities

Capital Accounting & Month-End Close

·    Maintain accurate accounting records for major construction projects and other capital investments.

·    Monitor construction-in-progress balances and project activity to ensure costs are appropriately classified and recorded in accordance with U.S. GAAP.

·    Partner with project teams to evaluate costs for appropriate capitalization or expense recognition.

·    Coordinate the timely transfer of completed projects and assets from construction-in-progress to property, plant and equipment, including evaluation of placed-in-service dates and appropriate asset classifications.

·    Partner with the operations team around asset usage, status, and health.

·    Support depreciation and fixed asset accounting associated with completed capital projects.

·    Own the month-end close process for capital expenditures and construction-in-progress activity, including preparation and review of journal entries, account reconciliations, rollforwards, and supporting schedules.

·    Assist with financial statement disclosures, audit requests, and other reporting requirements related to property, plant and equipment and capital projects.

Major Construction Project Support

·    Serve as a key accounting partner to Construction, Engineering, and Project Management teams overseeing major manufacturing facility investments of approximately $250 million per project, in addition to add-ons and enhancements on current equipment. This role will also cover pilot projects and R&D.

·    Develop a detailed understanding of each project’s scope, budget, timeline, contracting structure, and major cost categories to support appropriate accounting conclusions.

·    Track project spending and accounting activity against approved project budgets and identify items requiring additional review.

·    Partner with project leaders to understand commitments, invoices, change orders, project milestones, and other activities that may affect accounting and financial reporting.

·    Help operational teams understand the difference between cash spending, project budgets, and GAAP expense or capitalization, translating technical accounting requirements into clear and practical business guidance.

·    Establish scalable processes and reporting as the Company’s capital project portfolio continues to expand.

GAAP Compliance & Accounting Policy

·    Ensure capital project accounting complies with U.S. GAAP and the Company’s accounting policies.

·    Research and document accounting conclusions for complex or judgmental capital transactions.

·    Evaluate costs associated with construction, engineering, internal labor, start-up activities, software, equipment, and other project expenditures to determine appropriate accounting treatment.

·    Partner with the Corporate Controller and other Finance leaders on technical accounting matters related to capital projects and fixed assets.

·    Support the Company’s external auditors by preparing schedules, documentation, and support for capital project accounting judgments.

Internal Controls

·    Own and execute key internal controls related to capital expenditures, construction-in-progress, fixed assets, and project accounting.

·    Perform and document control activities and operating effectiveness testing in accordance with the Company’s internal control framework.

·    Identify opportunities to strengthen controls and develop processes that are scalable as the Company and its construction portfolio grow.

·    Partner with project teams to ensure appropriate documentation, approvals, and financial controls are incorporated into capital project processes.

Qualifications

Required

·    Bachelor’s degree in Accounting, Finance, or a related field.

·    6+ years of progressive accounting experience, including meaningful experience with month-end close and financial reporting.

·    CPA designation or eligibility to sit for the CPA examination.

·    Strong understanding of U.S. GAAP, including accounting for property, plant and equipment and capital expenditures.

·    Demonstrated ability to analyze complex transactions and reach well-supported accounting conclusions.

·    Excellent written and verbal communication skills.

·    Ability to explain accounting concepts clearly to colleagues who do not have an accounting background.

·    Strong organizational and project-management skills with the ability to manage multiple large projects and deadlines simultaneously.

·    Ability to work collaboratively across Accounting, Finance, Construction, Engineering, Project Management, Operations, and other functions.

·    Strong attention to detail while maintaining an understanding of the larger business and project objectives.

Preferred

·    Experience with capital project accounting, construction-in-progress, fixed assets, or large-scale construction projects.

·    Experience in a manufacturing, industrial, chemical, energy, or other capital-intensive environment.

·    Experience working with an ERP system and related financial reporting tools.

·    Experience with internal controls, including control execution and operating-effectiveness testing.

What Success Looks Like

In this role, success goes beyond ensuring that the accounting is technically correct. The Manager, Capital Project Accounting will become a trusted partner to both Accounting and the Company’s construction organization, bringing financial discipline and accounting expertise to some of Nexus’s most significant investments.

The right person will build processes that can scale with Nexus, establish strong relationships with project leaders, identify accounting issues early rather than at month-end, and help operating teams understand how project decisions ultimately flow through the Company’s financial statements.

As Nexus continues to invest in new manufacturing facilities, this role has the opportunity to grow substantially in both scope and leadership responsibility.