Finance Controller

Finance Controller (reporting) role description

Velto Renewables is a renewable energy independent power producer with a long-term asset ownership strategy. Established in 2020 and backed by the global investment group CDPQ, Velto Renewables is committed to contributing to the decarbonization of the global economy and the European energy transition by investing in and developing an international and multi-technology portfolio of renewable energy projects. Velto currently owns more than 280 MW of operating and under construction solar PV and wind projects in Spain and France, manages a 25% investment in a 630 MW offshore wind farm in the United Kingdom, develops 1+GW of greenfield projects in Iberia, and is seeking to grow its portfolio by becoming a local player in the countries and regions where it invests.

The FC will manage and execute relevant financial tasks for Velto and will be part of the strategic business support to further develop Velto as a financially sound organization. The FC will conduct controlling analysis and support day-to-day financial activities, budgeting, investment analysis, as well as special projects such as project financing, tax res-structuring, financial and tax due diligence, M&A transactions, etc.

Responsibilities

• Monthly closing review and analysis;
• Accounting:
  monitor daily bookings, support audit, need to understand consolidation rules;
• Internal financial and operating control:
  willingness to standardize procedures (implementation of ERP and other tools to optimize controlling standards);
• Reporting:
  prepare and provide monthly, quarterly and year-end financials in an accurate and timely manner;
• Tax:
  ability to discuss and deal with tax requirements;
• Budgeting preparation, monthly reconciliation and deviation analysis;
• Prepare SHL, UPL, distributions, and other intercompany financing instruments;
• Cash Management:
  will prepare batches and oversee Treasury;
• Cash Flow forecasting and analysis;
• Support managing credit agreements and its covenants;
• Debt service follow up. Prepare a quarterly/biannually update on debt schedule repayment including the interest calculation;
• Monitor and support the financial, accounting and commercial activities of the external asset management team;
• Support the development of financial and administration organizational policies.
• Support the financial, tax, modelling, etc. M&A activities in due diligence processes;
• Support special projects such as tax re-structuring, purchase price allocation, tender process etc;
• Support the Asset Management team in the integration of new assets;
• Invoicing:
  Prepare and keep the group's invoicing up to date;

Competencies

• Excellent command of accounting and controlling;
• Experience in renewable energy assets;
• Solid knowledge of accounting principles;
• Must be autonomous and pro-active:
  develop own workstreams and work across many different functions;
• Strong aptitude to learn complex concepts (tax rules, energy policy, financial structures, corporate structures, etc.);
• Good understanding of commercial and financial concepts ruling asset management for renewables assets, desirable experience with regulated assets;
• Good level of comfort with data management:
  proficient at extracting and analysing large amounts of data and presenting information in an easy-to-understand way;
• Ability to develop and implement report templates, analytical tools, and other financial tools and financial models;
• Ability to read and deal with Financial Models;
• Good team player with excellent communication skills, both verbal and written;
• Interest and willingness to work on a flexible environment;
• High Level of Proficiency with MS Office suite of products (Excel in particular);

Education and experience

• Bachelor's and-or Master's degree in relevant discipline (Business or Economics);
• 3-4 years of professional experience;
• Excellent command of written and spoken English and Spanish;
• Experience working in financial departments preferably in renewable energy;
• Experience financing renewable energy projects;
• Experience in financial asset management;