Finance Director


Finance Director UK
Rapidly growing Renewable Energy Development business

Petroplan are working with a rapidly growing and innovative Renewable Energy Development Business looking to appoint a Finance Director to oversee and assist with the set up and growth of several new business units within the company.

Salary: £90k - £120k DOE plus 15-25% bonus
Benefits: Unique opportunity to take part in profit participation scheme, EV Car Scheme, Private Healthcare more

About the role:

  • The Finance Director (FD) will support the UK CEO and team in managing the corporate governance structure in the UK (being statutory director of the board of some of the UK subsidiaries along with the UK CEO), and will be directly responsible for the set-up and day-to-day management of the financial processes, procedures, and systems (accounting, compliance, tax and VAT, treasury, planning, reporting, budgeting, cash managements, investment and divestment analysis, HR, insurances, etc) for the entities of the Group operating in the UK. The position shall set-up and manage its own team over the years.
  • Reporting to the UK CEO for the UK-related activities, and functionally to the group CFO based in EU for the implementation of the best practice reporting, procedures and policies, and support the business managing risk and compliance, within the Group international standards.
  • You will develop processes during the initial set-up for the UK, with the intent of being used, under the guidelines of the Group CFO, as best practice for the Group standards. Though this is a UK position for the UK business, the prospect of career could be in the Finance Functions in other countries or at group level.

What we are looking for:

  • We are looking for a technically strong chartered accountant who has a hands-on approach, with experience in setting up and managing teams in start-ups, preferably with experience in large companies and/or auditing companies.
  • Culturally we are looking for an inquisitive Finance Director, who is willing to immediately step up to a statutory director level position for the special purpose vehicles of the Company.
  • The ability to understand the commercial implications and contribute to investment and divestment decisions, whilst overseeing all financial reporting and risk is critical.
  • Humility coupled with a good sense of humour is high up on our lists of character traits.

Job Description
* Board and UK Compliance
o Manage Board of Directors of all UK companies, including DevCo and SPVs
o Be director of the Special Purpose Vehicles of the UK Group along with UK CEO
o Coordinate the Board activities (meetings, resolutions, minutes)
o Coordinate (or be directly in charge of) the Secretary activities
o Reply to specific requests of the board of the UK companies
o Support the management of periodic shareholders meetings and resolutions

* Corporate Management
o Prepare and manage periodic internal meetings of executive committees (e.g development committee)
o Manage internal decisional tools (decision tracking), collect report on activities progression
o Support the integration of accounting and management reporting tools with decision making tools
o Incorporate the SPVs, support the definition of standard AoA, and procedures
o Support the definition and manage the intercompany contracts, procedures

* Accounting
o Set-up and maintain the UK accounting system records and integrated with International Group guidelines
o Facilitate the group consolidation process
o Provide support on IFRS and reporting approach
o Generate the periodic management and statutory accounts
o Generate the periodic accounting statements

* Planning & control
o Set-up and manage UK group planning and control procedures, setting up the business plan, budget, monthly reporting and forecasting at UK group level
o Generate the periodic management reporting and forecasts at UK group and companies level
o Set-up, create, update and manage the business dashboard.

* Cashflow
o Manage, control and optimise the UK companies cashflows
o Manage the intercompany agreements, transfer prices, shareholders loans, and payments
o Propose repayment plan and drawdown of financing facilities including shareholder loan
o Identify and propose opportunities for cash flow optimisation with lenders and suppliers
o Identify and negotiate opportunities for R&D tax credits and R&D grants

* Suppliers
o Manage payments to supplier guaranteeing segregation of payment
o Support the development managers in managing the financial and compliance aspects land agreements, grid connection agreements, planning process, and all agreements with service providers for the development process.
o Contribute to set-up internal standard procedures for suppliers management in compliance with Group standards

* Banks
o Manage the day-to-day relationships with banks
o Explore and define banking solutions and products to optimise the UK company cash-flow
o Manage and reconcile the companies bank accounts
o Identify, negotiate and manage line of credit with lenders

* Insurance
o Manage the UK Group insurance schemes (including D&O, H&S etc)
o Define and coordinate the UK Group H&S procedures

* Tax
o Prepare Tax plans
o Set-up and manage UK tax positions, including group VAT, prepare periodic VAT and tax returns
o Identify and coordinate the activities with tax advisors including for matter of relevance for the group and with the holding company
o Manage the relationships with HMRC

* HR
o Set-up and manage the HR and payroll for the UK companies
o Set-up and manage the HR benefits scheme, including insurances, cars, additional benefits
o Manage HR expenses and reimbursements
o Support HR compliance to the company procedures
o Support the definition of financial incentive to team members
o Support people management

* Financial Modelling
o With the support of our Financial Modellers, design and set-up the financial modelling for renewable energy assets, to constantly assess the profitability, cost constraints and selling prices of each assets, rank the allocation of resources to the different projects and suggest to the Development Committee the project financial feasibility.
o Design and set-up the financial modelling for new classes of projects in renewable energy assets, supporting the development team in exploring new business opportunities
o Periodical update the asset P&C dashboard

* Asset Value
o Support the definition of target prices for the sale of assets and support the board decisions on sales
o Support the preparation of investment memorandum for asset sales
o Support the formal asset sale process, from invitation, onboarding, KYC, to bidding, to contract negotiations and closing
o Manage post-closing covenants, if any
o Prepare and constantly update the data rooms for asset management and sale, validating and auditing the process and contents
o Provide financial analysis on new acquisitions and support in the preparation of investment papers for committee
o Support the negotiation and due diligence of co-development agreements or joint development agreements with third party developers
o Support the negotiation and due diligence of local developers acquisition or pipeline acquisitions.

* Auditing
o Conduct internal auditing checks on procedures.
o Coordinate the activities of external auditors in the UK
* Coordination
o Set-up the UK financial team, hiring and managing the internal team
o Hire and manage the external consultants and advisors
* Equity and debt
o Support in future equity raises, intragroup and with third parties
o Support in future debt raises, intragroup and with third parties

* Qualified Accountant (ACA, ACCA or CIMA), GAAP 101, IFRS
* Strong academic profile
* Proactive and able to adapt well as required
* Sector experience in investment management in renewable energy and energy management
* Past experience in one of the main accounting and auditing firms
* Experience as director of companies in England and Wales
* Experience in managing banks for daily operations
* Perfect knowledge of main accounting software, excel, and MS Office
* Experience in financial modelling
* Fluent in English, another European language preferential
* Authorised to work in the UK.

* Experience in debt management (project finance, corporate bonds, etc)
* Experience of a fast growing or acquisitive business.
* Due diligence and M&A experience
* UK experience in listed international groups would be preferential

About Petroplan

Petroplan is the trusted, specialist global Talent Solutions partner of choice for employers and professionals in the Energy sector. Since 1976, Petroplan has been here to help people like you make the most of the opportunities available and find the best fit for you as an individual.

Over 10,000 placements in more than 55 countries for over 550 clients across 65 disciplines.

In an industry where skilled and experienced professionals are increasingly sought after resource, we appreciate the true value of what you have to offer. What's more, we understand that different things are important to different people in today's world of work - it's about making exactly the right connections for you as an individual.

Our reputation for contractor and candidate care, understanding what makes you tick, and finding you the best match is second-to-none. We understand the industry inside-out and seek to understand YOU and your motivations in the same way. We take the time to evaluate your individual strengths, understand the most important things to you, and establish exactly what you're looking for from your next role.