The Northern European Asset Management department is a growing team whose sole purpose is  to deliver financial support services under Management Service Agreements (MSAs) across multiple clients owning renewable assets under management including onshore Wind Farms, Solar Farms and storage farms. The AM Finance department is managing over 150+ Companies and a team size of 22 across 12 clients.  

 

The AM Finance department is managing over 180+ Companies and a team size of 37 across 17 clients and three regions. This role is a Client Lead role and will work alongside the other Client Leads, Audit Manager and supervise management accountants.

 

The business continues to grow rapidly which therefore requires an individual that can quickly adapt to changes in priorities and ensure that an allocated portfolio of client always receives the quality service that they have come to expect.

The team is effectively an outsourced finance business partnership, which amongst many other services includes delivering on the following key tasks for each portfolio: monthly management accounts with comparisons and analysis to budget, cashflow forecasts, distribution calculations, annual budget preparation, bank loan compliance, financial statement preparation including audit process management and tax return oversight. It is essential that a strong control environment and professional scepticism is maintained throughout the team and processes and procedures are robust, well documented and are constantly monitored.

The primary purpose of this role is to provide an excellent client service and take complete ownership & responsibility to deliver all the financial obligations for a growing portfolio of clients (operational assets, Holding companies and consolidations) under the AMA scope. This role will be the main point of contact for our customers and will be responsible for ensuring that any information provided to our clients is reviewed, accurate, of good quality, meaningful and also provided in timely and efficient manner. Managing a growing team of Management / Junior Management Accountants, this role will be responsible for leading, coaching and reviewing the work produced by the junior members of the team.

 

This role will work alongside the other Client Leads, manage a team, interface with various internal and external stakeholders and will report to the Head of Finance. 

 

 

•    Supervising / Reviewing the team’s preparation of monthly management accounts and assisting with issues or problems that arise. Ensure good quality and meaningful commentary is provided in clear and concise manner.

•    Being the trusted business partner and first point of contact for any issues, proposals or client related matters that needs escalation.

•    Provide regular guidance / direction/ training to the team to deliver all obligations under the financial asset management scope to the client.

•    Delivering periodic cashflow forecasts and distribution calculations with clear bridge analysis.

•    Co-ordinating the annual budgeting process and ensuring fully board approvals

•    Quarterly board reports and presentation of finance sections at board meetings

•    Ensuring compliance with statutory and regulatory requirements, specifically with regards to OFGEM

•    Managing bank compliance model preparation and loan covenant calculations, interest and principal repayments and any other banking requirements

•    Reviewing VAT returns for all asset managed entities before submission

•    Work in Collaboration with Audit Manager to overseeing the preparation of the statutory accounts and ensuring consistency, quality and compliance with applicable accounting standard (FRS101, FRS102, IFRS) and Companies Acts for the portfolio.

•    Preparation of consolidated annual accounts with applicable accounting standard featuring multiple operational entities and externally financed holding companies which include complex accounting treatments.

•    Resolving and practically applying technical accounting matters including decommissioning, hedging, loan relationships including guidance to the team on journal entries.

•    Engaging in the continual improvement agenda by seeking new ways of working or automating repetitive tasks and checks to mitigate errors arising and to improve the efficiency, consistency and quality of our service

•    Supporting implementation of the new ERP system and leading the project for the portfolio

•    Ensuring strong internal control environment is observed and that transactions are authorised with delegated limits of authority. This includes developing systems and documenting the internal control framework, accounting policies and procedures for all asset managed entities

•    Overseeing and maintaining the Company Secretary records, which will in many cases involve populating the books to fill missing entries, as well updating the books to reflect changes as they happen

•    Project Managing the on-boarding process for newly won MSA’s which includes directing the team and co-ordinating with the clients / outgoing asset manager. Any migration or integration is to be completed with the utmost efficiency to minimise interruption to the client

•    Ad Hoc project work e.g. contract review for financial obligations, assisting with business development opportunities, business partnering with Asset Managers, resolving disputes, system migration

•    Active role in business reorganisation/change management and team resourcing.

•    Assist HOF / collaborate with Client Leads in coming up with strategies to standardise, automate, improve efficiency and help grow the business.

 

 

 

•    Strong technical accounting knowledge and practical implementation of complex transactions;
•    IFRS, FRS 102, FRS 101 and UK GAAP;
•    Commercially driven
•    Ability to read and interpret contractual obligations
•    Advanced excel and system skills
•    Understanding of both management and statutory accounting.