Finance Director
- 549988
- Closing at: Aug 18 2024 at 23:55 BST
SSE has big ambitions to be a leading energy company in a low carbon world. Following our commitment to invest £20.5 billion in low carbon projects to 2027, we have significant growth plans and are well on our way to achieving our ambition to build a world that's more sustainable and inclusive for you, your family, the community you live in and for generations to come.
Join us on our journey to net zero and help us power change.
About the Role
Base Location: Glasgow, Perth, Reading or London with regular travel to the Netherlands.
Salary: Competitive + car /car allowance + performance-related bonus + a range of benefits to support your finances, wellbeing and family.
Working Pattern: Permanent | Full Time | Flexible First options available
Join Project Lely, a 2GW offshore wind farm located 62km off the coast of the Netherlands, developed by Noordzeker, a joint venture between SSE Renewables and APG.
As Finance Director, you will be at the forefront of delivering a multi billion € project, overseeing the financing and financial management of this major project. You'll lead financial reporting, maintaining robust financial controls, and ensure the project business case meets shareholder investment criteria. You'll deliver the financing plan, and achieve the economic measures outlined in the business case while providing strategic financial advice to the leadership team and shareholders. As a key team member, you will spend significant time in the Netherlands, especially during project milestones.
This is a unique opportunity to shape the future of clean energy and drive innovation in a high-profile, international project. The main responsibilities include:
- Undertaking a leadership role in guiding the project's strategic direction and team management, while ensuring that safety and environmental principles are prioritised. You'll advise on strategic planning, provide offering financial analysis and input during long-term planning sessions, and help develop a standard project finance performance framework aligned with business needs.
- Securing debt finance, leading the development of financing strategies, managing external advisors, and overseeing the delivery of finance documentation and due diligence reports. You'll also develop and optimise the business case to support investment decisions and coordinate shareholder and advisor support during any equity divestment processes.
- Financial management and governance, including ensuring compliance with regulatory requirements, managing debt facilities, and overseeing cash and liquidity. You'll handle the preparation of financial statements, manage year end reporting, and provide detailed project insights for external reporting.
- Leading the negotiation and finalisation of Corporate Power Purchase Agreements (CPPAs), ensuring the terms support the project's business case, financing, and risk minimisation.
- Engaging with and reporting to shareholders and lenders, providing regular updates and effective communication to all stakeholders. You'll offer comprehensive financial and business analysis to assist stakeholders in making informed decisions throughout the project's lifecycle, ensuring management information is centrally coordinated and analysed.
What do I need?
To be considered for this role, we would love you to have:
- Degree (or equivalent) with a postgraduate accountancy qualification along with extensive experience in project financing and financial management of infrastructure projects and bank-financed projects, including direct experience with large offshore construction projects.
- Advanced knowledge and understanding of project management systems and governance arrangements for large capital projects. Experience of managing several complex projects and processes at the same time, with expertise in project controls processes and systems.
- Ability to interpret and assimilate multiple data sources, including external market data, to produce meaningful insights, appropriate recommendations, and clear actions.
- Skilled in communicating financial performance to the wider project team, embedding financial understanding within the business. Ability to influence project delivery strategy and translate this into programs, opportunities, or activities that improve the business case or mitigate risk.
- Experience analysing and negotiating commercial terms within major construction, operations, and offtake contracts.
About our Business
Our SSE Finance function has a key part to play in fulfilling SSE's obligations as a UK-listed company, providing expertise and services that can be shared across the SSE Group, and working in partnership with all businesses to provide services tailored to their specific needs. SSE operates in a highly regulated and increasingly competitive environment, and our role is to ensure that we gather, compile, analyse and recommend on the financial strategy for our businesses, identifying opportunities to drive efficiencies and create value for SSE now, and in the future.
What's in it for you?
We offer an excellent package with 34 days annual leave entitlement. Enhanced maternity/paternity leave, discounted healthcare, salary sacrifice car leasing and much more, view our full benefits package on our careers site.
As an equal opportunity employer we encourage diversity and are committed to creating an inclusive environment for all employees. We encourage applicants from all protected characteristics and commit to providing any reasonable adjustments you need during the application, assessment and upon joining SSE. Search for 'Inclusion & Diversity at SSE' to find out more.
What happens now?
All applications should be made online, and I'll be back in touch after the vacancy closing date to let you know the outcome.
If you would like to discuss any working flexibly requirements or adjustments you may require throughout the recruitment and selection process, please contact kimbe