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PROJECT FINANCE ASSOCIATE

Country/Region:  ES
City:  Madrid
Business Unit:  EDPR SF, S.L.

EDP Renewables is a global leader in the renewable energy sector nad the world's third-largest wind energy producer. With a sound development pipeline, first class assets, and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 17 markets (Belgium, Brazil, Canada, Colombia, Chile, France, Greece, Hungary, Italy, Mexico, Poland, Portugal, Romania, Spain, the UK, US and Vietnam). 

EDPR is committed to furthering social advances in terms of sustainability and integration. This is reflected by the inclusion of the company in the Bloomberg Gender Equality index and the fact that it has been certified as a Top Employer 2021 in Europe (Spain, Italy, France, Poland, Portugal and Romania), both of which recognise its employee-driven policies.

Mission

The candidate will be expected to work in the EU Finance team. The main activities of work are: support the daily financial management of the assigned BU to him/her in order to manage business finance activities. The candidate will analyze, prepare and execute the financial processes necessary for the financial viability of the projects being the most outstanding (i) assist in the assessment of the financing alternative and conditions to determine the adequate financial structure of the projects in time both in the construction phase and in the exploitation phase, whether short term or long term, including the preparation of financial models to run sensitivities, (ii) contribute in the contractual implementation of the selected source of financing (internal or external contracts, internal or external authorizations, etc.), either via corporate finance or via project finance, (iii) support the management for determination of the necessary interest rate and currency hedges, if any, and their monitoring during the term of such hedges, (iv) preparation and reporting of the covenants associated with project financing, (v) preparation and monitoring of project cash flow forecasts, and (vi) preparation of internal and external presentations and reporting. 

Main Role Responsibilities

 

  • Support the EU Finance Direction to implement and manage the appropriated financial structure of the projects/companies, keeping in mind the following objectives:

 

  1. Support in  the definition of the potential funding scenarios and develops sensitivity analysis; highlighting impacts in terms of profitability using excel based financial models.
  2. Develops specific skills in financing solutions adopted in different platforms and engages the local teams in new projects.
  3. Follow-up on the project´s finance structure evolution at various stages; as described during the internal analysis, the approval process and implementation stage.
  4. Responsible for supporting the scheduling activities related to the financial area (long-term funding, bridge, equity and hedging).
  5. Maintaining updated relations with financial institutions and negotiations with financial institutions and other entities, if it is the case, including Due Diligence processes.
  6. Assist with gathering and presenting necessary information required by the shareholders.

 

Main Responsabilities II

  • Ensure the general financial management of each assigned business unit, namely

 

    1. Perform the financial activities based in systems and processes under appropriate internal control.
    2. Perform on a periodically basis the Cash Flow Forecast, towards an accurate and timely prediction of the assigned Business Units` funding needs, matched with the sources of funding and implement the necessary measures in order to mitigate deviations in relation to Budget/Forecast.
    3. In coordination with the Corporate Treasury Department, supervise, evaluate and approve the cash requests issued by the assigned Business Units
    4. In coordination with the Corporate Finance Department, assist on the required Credit Support for the Projects;
    5. Perform on the finance activities, monitoring and reporting on financial performance, namely in relation to financial liabilities and assets, equity and financial costs or revenues.
    6. Liaising with other departments, such as M&A, Legal, Tax and Accountancy, on a range of issues, including the support on the required development and finance activities to obtain necessary internal approvals for investment decisions;

 

  • Other duties as assigned.

Academic Degree and Training Area

    • Bachelor in Finance or Economics ; MBA preferred
    • English: C1 or equivalent.

Professional Experience Description

    • More than 3/4 years in the financial/investment/accounting department of a medium or large sized company or group
    • Experience in financial modelling
    • Analysis and presentation skills required
    • Experience in Project Finance contracts
    • As the role is at the crossroads between different areas and countries within EDPR , the candidate needs to combine a practical knowledge of financial matter with a good ability to work in teams, with an ability to adapt to a variety of situations and priorities.
    • Travel Required (10%-20%)

Languages Requirements

  • Ability to read, write, speak fluently in English (level C1 o equivalent) and Spanish; knowledgeable in reading and/or writing Portuguese a plus.

Specific Knowledge


  • IT systems:  Knowledge as experience user in terms of business applications, as SAP ERP, Appian. Power BI.
  • Advanced skills in Microsoft Office tools (Excel, Power Point and Word) and Finance software (i.e. SAP)

Skills and Abilities

  • Strong quantitative and analytical skills.
  • Strong communication and organizational skills.
  • Ability to multi-task and work concurrently on multiple projects.
  • High attention to detail and strong leadership skills.
  • Ability to be self-motivated.
  • Proven ability to learn new software programs.

Among EDPR's principles we would like to highlight diversity and inclusion as a strength in our values and practices. Reinforcing these principles has a real impact on the satisfaction of commitment, increases talent and the quality of leadership of our professionals. To achieve all our objectives, it intends to attract, develop and retain different profiles, assuming diversity as a key factor and differentiator of fundamental innovation in our organisation. We welcome and value all people, and we are committed to the inclusion and sense of belonging of each person who is part of EDPR.

 

What makes us proud as an employer:

TOP Employer Europe 2021 certification.
Bloomberg Gender Equality Index 2021.
Top Workplaces US 2021.
Certification in Conciliation (Excellence) by the Más Familia Foundation;


Job Segment: Corporate Finance, Finance MBA, Sustainability, Wind Energy, Financial, Finance, Energy

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