Project Finance Controller - Stafford, United Kingdom - Renewable Energy Grid Solutions

Renewable Energy Grid Solutions
Renewable Energy Grid Solutions
Verified Company
Stafford, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Job Description Summary:
Become part of a winning team and help to deliver the Green Energy transition.


We are looking for experienced Project Finance Controller to manage the consolidated financials of the complex $0.5b+ HVDC projects (own unit's scope/ comprehensive project scope) and be the finance business partner to Project Director and other project functions as well to consortium partner.


The Project Finance Controller will report functionally to the Region Finance Leader has overall responsibility for all reporting and controlling requirements of the project, for proper consolidation of Project results and for a comprehensive communication to secure consistent financials and reporting of the Project in terms of detailed scope.


Responsibilities:


  • Accountable for all financials for the Portfolio & projects within with special emphasis on Sales, CM and Cash Flow,
  • Have full knowledge of all financial movements with regards to revenue, cost, margin, and cash.
  • Ensure that such information is consistent, approved and reconciled on a regular basis within the ERP systems & related tools.
  • Ensure global view of consolidated financials of project, understand each partner's financial movements.
  • Along with Project Director, define billing plan and trading plan for the portfolio Consolidate and challenge project forecasted trading and billing milestones to ensure consistent consolidated revenue recognition and cash.
  • Drive achievement of milestones & ensure proper coordination with consortium partner on project progress to enable timely invoicing.
  • Manage hedging strategy & forex exposure for portfolio throughout the project life cycle.
  • Check, control, and monitor movements in Actual and Committed Costs, ask for correction.
  • Manage and forecast cash movements monthly. Engage customer as needed & consortium partner to remove all blockages to ensure timely collections.
  • Provide input on claim valuation. Drive claim management process to ensure project profitability is professionally managed.
  • Partner PD to drive cost synergy and cost reduction initiatives across portfolio with the intent of improving project margins.
  • Analyse budget deviations trends across portfolio & drive mitigation actions to prevent leakages.
  • Provide all necessary support to Project Director on financial issues.
  • Process management &Functional coordination.
  • Responsible for timely and correct booking (Margin as Sold, current as sold, current forecast, internal flow elimination) from order booking to project completion.
  • Ensure that project data reporting is in line between the ERP and the approved Project Reviews according to budget deviation approved.
  • Prepare and participate in cash sessions: identification of invoicing triggering events, invoice format, steps from invoice generation until payment, preparation of project cash instruction.
  • Perform Forex revaluation as well as cooperate with Treasury regarding currency exposure management.
  • Develop strong relationships and continuous communication flows with all project controllers in Project Participating units to ensure that working assumptions are shared, consistent and reported in a timely manner.
  • Implement the controlling tools used within the reporting unit.
  • Ensure that all financial processes & instructions, internal controls, including DoA, are implemented, robust and compliant.
  • Manage external and internal audits including audits from customer,
  • Partner PD & functions to efficiently manage portfolio Risk..., Claims, LDs, Tax, cost overruns, Inflation, RAM
  • Be a partner and support Region Finance Leader to drive Projects & process standardization, Management reporting and Oversight Project Reviews.
  • Ensure proper preparation with following documents for the consolidated Project Review, with significant input from

Project Director:
consolidated EAS sheets, cash curve, forex revaluation when required, trading and billing plans.

  • Present financial data, analysis & scenario simulations to Senior Management.
  • Produce all financial portfolio reporting as relevant & required.

Qualifications / Requirements:


  • Bachelor's Masters, CPA, or equivalent degree in Finance.
  • Language: English mandatory (fluent speaking and writing).
  • Demonstrated years of finance experience including in Energy / Power / Transmission business.
  • Strong oral and written communication skills.
  • Experience in the use of SAP.
  • Excellent interpersonal skills and experience in managing relationships within a complex matrix environment.

Desired characteristics

  • Exceptional accounting background and operationally inclined in a projects/service industry.
  • Humble: respectful, receptive, agile, eager to learn.
  • Transparent: shares critical information, speaks with candor, contributes constructively.
  • Focused: quick learner, strategically prioritizes work, committed.
  • Leadership ability: strong communicator, decisionmaker, collaborative.
  • Problem solver: anal
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