Head of Finance - UK in London

Exciting opportunity has arisen for an experienced Head of Finance – UK to join a dynamic team in a multi-national, growth-oriented organisation. Based in Cubico’s London head office, the role will report to the Head of UK with a functional reporting line to the Group Finance Director.

Key Responsibilities

• Responsible for all activities related to finance, accounting and tax for the UK portfolio business, spanning the full asset lifecycle:
• Operating assets: 18 onshore wind and PV assets located across the UK, 51% owned, with JV partner GLIL owning the other 49%;
• Development assets: 2 assets in late-stage development and a feasibility pipeline of over 1.5 GW across onshore wind and PV technologies;
• Construction: 47.5MW BESS project to be operational in 2027.
• Manage a team of two operations accountants, ensuring quality and timely delivery of financial information and reports;
• Manage the relationship with the JV partner, lead the financial reporting for the quarterly board meetings and respond to ad-hoc queries;
• Manage long-term project finance agreements:
• Manage the relationships with the Lenders and respond to ad-hoc queries;
• Monitor compliance with information undertakings and maintain contract obligations such as bank guarantees and reserve accounts;
• Manage the semi-annual update, submission and review of the project finance financial models and coordinate with Group Treasury team in the reporting of project finance metrics;
• Actively monitor cash flow for all assets to ensure adequate liquidity, particularly with regards to debt repayments and preparation of liquidity forecasts;
• Lead the preparation of the UK monthly operational reporting, quarterly development reporting and other financial reports to shareholders, management, JV partner and Group Finance;
• Monitor monthly performance to budget, review material variances and provide relevant, high-quality financial commentary;
• Implement Robust Development Budgeting and Reporting Framework by enhancing full transparency and financial control over development spend through an integrated budgeting and reporting framework within the internal system;
• Lead the semi-annual valuation process for the UK portfolio, in compliance with the Investment Analysis & Strategy (IAS) in-house valuation guidelines;
• Run ad-hoc valuation analysis to support business decisions;
• Lead the UK annual budget and forecasting process;
• Lead the processes for the preparation of statutory financial statements for the UK portfolio legal entities, in line with local legislation and FRS;
• Lead the interaction with external and internal auditors, adhering to audit deadlines and ensuring that matters arising from audits are resolved in line with agreed timelines;
• Preparation of monthly and annual tax filings (e.g. VAT, corporation tax, etc.) for all UK portfolio entities; liaise with external advisors and Group Tax Director in relation to tax planning and compliance issues including review of tax returns, tax claims, transfer pricing and tax audits;
• Deliver tangible efficiency improvements across budgeting, valuation and monthly reporting cycles;
• Define and implement local policies for finance, ensuring that there is a robust control framework in place, including minimum control standards as required by Group Finance;
• Lead management of offtaker relationships and PPA portfolio oversight, while assessing and executing hedging strategies to optimise merchant exposure and enhance value;
• Drive process efficiency/consistency across all UK assets and coordinate regional efforts towards global process standardisation;
• Provide regular and ad-hoc management information and business support information as required;
• Be part of the UK Management team, supporting establishment and implementation of local strategy for growth and value creation;
• Support financial due diligence processes for new acquisitions as required.

Candidate Requirements

• Be degree educated with ACA / ACCA (or equivalent) professional accounting qualification;
• Have prior experience of working in either renewables or the energy industry;
• Be technically competent with good knowledge of IFRS, UK GAAP and financial concepts;
• Have strong financial modelling experience;
• Have managed project finance agreements;
• Have experience of working in a fast-paced, international business;
• Have excellent Microsoft office skills, particularly Excel;
• Self-starter who can manage a full and varied workload and deadlines;
• Proactive and pragmatic with a positive attitude and can-do approach;
• Enthusiastic and able to take ownership of own work.

Established in 2015, Cubico Sustainable Investments (Cubico), a London-headquartered firm, is one of the world’s leaders in providing renewable energy across the Americas, Europe and Australia. Owned equally by Ontario Teachers’ Pension Plan and PSP Investments, two of the world’s largest pension funds with over USD300 bn under management, Cubico is committed to a long-term growth strategy designed to make it one of the largest and best in class renewable energy investors in the world. Cubico holds a portfolio of around 14 GW, with assets across the wind, solar PV, solar thermal and transmission line technologies. Covering the whole energy chain from development and construction to operation, the company’s portfolio is located across 9 countries: Colombia, Mexico, Uruguay, the United States (USA), Greece, Italy, Spain, the United Kingdom (UK) and Australia. Cubico is driven by six core values: Diversity, Respect, Integrity, Value Creation and Excellence, which make up the final value DRIVE. These values encourage employees to take pride and satisfaction in their work, strive to achieve their goals and go the extra mile to attain outstanding results, whilst acting with the utmost integrity and behaving ethically in the course of their employment. Cubico’s employees are central to its success and, as a result, the company looks for people who believe in its purpose, will take full account of its impact and are motivated to make a positive contribution to communities and the environment and build a better future. As part of Cubico culture and values, we embrace diversity and equal opportunity. We are committed to building talented teams that represent a variety of backgrounds, perspectives, and skills. The more inclusive we are, the better our work will be. We particularly encourage applications from under-represented minority groups.