Finance Manager (Solar)

Job Description

About us

Schroders Greencoat LLP is a specialist renewable infrastructure investment manager with ca. £10 billion under management across a range of publicly listed and private market fund vehicles investing in renewable infrastructure assets in the UK, Europe and the U.S. We are authorised and regulated by the Financial Conduct Authority and is a full scope UK AIFM.

For over a decade, we have been at the vanguard of the renewable infrastructure sector, building on an extensive global network of the key players, including utilities and developers. Founded in 2009, Schroders Greencoat has grown into a team of over 130 staff globally. As at 31 December 2023, we manage and operate circa 350 renewable power generation assets, with an aggregate capacity of c.6.5GW.

Since April 2022, we are 75% owned by Schroders, with the balance being held by the senior Schroders Greencoat management team. We are an integral part of Schroders’ Private Assets division (known as Schroders Capital) that also includes private equity, real estate, infrastructure financing and private debt, but continues to maintain a high level of operating autonomy retaining its leadership team, investment independence and distinctive culture. Schroders Capital has c.$94bn billion of assets under management in direct, primary, secondary, and co-investment capabilities, managed by more than 770 employees globally.

Renewable energy is set to be a multi-trillion dollar global asset class and is expected to grow by more than $100 billion a year over the next decade. Utilities, energy companies and infrastructure developers will deliver the majority of this transition, but the scale of capital involved will require significant external financing. There exists a very large and growing pool of capital which is keen to own and operate these assets but lacks the deep technical skills and sector expertise to manage the investments independently. Our purpose is to bridge this gap – to be a conduit for this capital, and to provide the financial, technical and operational expertise to deliver secure incomes for our clients. Over the last decade, we have built a reputation for unwavering delivery of our investment propositions, as well as for innovation – having forged institutional-grade offerings in renewable infrastructure that have become the model for an entire industry sector.

We’re looking for the best, whoever they are. We are committed to equality of opportunity for all employees and encourage applications from individuals regardless of age, socio-economic background, race, sex, gender identity, sexual orientation, religious belief or disability.

1. Role overview

The finance manager will be responsible for the financial management and reporting of the renewable energy special purpose vehicles (“SPVs”) of the Greencoat Solar investment vehicles

Responsibilities:

Finance

• Review of monthly finance reports for SPVs prepared by outsourced asset management and administration service providers
• Monitoring of budgets and preparation of analytical reports for the internal asset management function
• Preparation of the annual budgets for the SPVs
• Review and completion of SPV statutory accounts & management of audit process
• Review SPV VAT returns and ensure full compliance with UK VAT regulations and ensure timely submission
• Facilitate the relationships with SPV administrators and other service providers.
• Monitoring of SPV cash balances and review of payment instructions to ensure compliance with controls and governance policies
• Assisting in the process for corporation tax compliance for SPVs, including liaising with tax advisors
• Liaising with the operations team on ad-hoc projects
• Assisting the Finance lead & other Finance Managers with ad-hoc projects

Administration & Company Secretarial

• Maintenance of the SPV board calendar and preparation of SPV board packs
• Maintenance of SPV databases, ensuring relevant returns are submitted to deadlines
• Maintain the SPV electronic and original document filing system
• Monitoring of solar farm SPV policies and procedures, ensuring these are up-to-date and regularly reviewed by the relevant boards

1. Candidate specification

At Greencoat we look for people who show up as their whole self because we value diversity and inclusion.

Essential:

• Very strong Excel skills
• Experience of FRS102 and IFRS
• Strong IT skills
• Pro-active attitude and ability to work autonomously and within a small team
• Outstanding and adaptable communication skills at all levels
• Strong personal standards for “on time, right first time”
• Proven ability to multitask and prioritise own and the team’s workloads.
• Flexible approach to working

Desirable:

• Renewable energy experience
• Corporate tax experience
• IT skills including Power BI, Coding

1. Qualifications

• Qualified Accountant (ACA, ACCA, CIMA or overseas equivalent)
• Good degree

Skills that will help you in the role

• Confident verbal and written communication
• Good analytical skills, confidence with numerical data
• Strong Microsoft Office skills, in particular PowerPoint and Excel
• Strong organisational and time management skills
• Result-oriented mindset, with the ability to collaborate well with diverse stakeholders
• Ability to work effectively both within a team and autonomously

1. What we offer

As our company expands in current and new jurisdictions, Greencoat provides you with the opportunity to grow and develop with our team, both professionally and personally. We also offer you;

• Opportunity to be part of the transition to net zero
• Career development through mentoring and training
• 28 days leave
• Private Medical Insurance
• Pension Contribution
• Life assurance and Income protection
• Mentoring Scheme
• Employee Assistance Programme
• Bike to Work Scheme
• Gym access local to Victoria, London
• Various non financial benefits such as mobile phone (EE) discounts and Nuffield gym discount
• Flexible working / Hybrid working
• Great Team Environment
• Participation in sports, social and volunteering events

About Us

We’re a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.

We have around 6,000 people on six continents. And we’ve been around for over 200 years, but keep adapting as society and technology changes. What doesn’t change is our commitment to helping our clients, and society, prosper.

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