Project Finance Manager

Reed Finance
06 May 2017
05 Jun 2017
Contract Type
Full Time
Reed Finance are currently supporting an specialist infrastructure project management company to recruit a finance manager to be based in Banbury.

The Finance Manager reports to the Deputy Head of Finance, with an additional reporting line to the Project Director of the SPV for which they provide the Management Services under the terms of the Management Services Agreement.

The Finance Manager will be expected to operate as the “Finance Director” and the Company Secretary of their projects. This role will support the General Manager (GM) of the relevant project in the effective delivery of the SPV’s statutory and contractual obligations.
• In conjunction with the SPV Project Director, review all contractual and funding agreements and ensure that all obligations are recorded on each SPV’s Corporate Calendar and continuously review each SPV’s risk register and ensure mitigating actions are closed out.
• Provide the board with “Finance Director” calibre advice on operational and financial risks and opportunities and make recommendations on appropriate courses of action.
• Manage the Business Planning and Model update process strictly in accordance with the requirements of the Financing Agreements and each SPV’s investors.
• Ensure that the financial models reflect contractual, statutory, regulatory and commercial provisions.
• Prepare and assist in the presentation of the Business Plan and Model Update to each SPV’s board for approval.
• Secure funder approval of the updated model and deliver shareholders returns as expected.
• Prepare the annual operating budget and present this for board approval.
• Deliver the annual budget to the funder(s) in accordance with the requirement of the Financing Agreements.
• Ensure documented financial controls and segregation of duties are appropriately in place for each SPV and monitor compliance to such controls.
• Attend monthly management account reviews and instruct the Accounting team by providing the project specific financial procedures and information.
• Instruct the Accounting team of payments to be made to shareholders and senior debt providers.
• Manage the payment authorisation process.
• Undertake regular reviews of the monthly balance sheet reconciliations.
• Manage each SPV’s taxation obligations in accordance with the relevant tax legislation and, as appropriate, in accordance of the advice of each SPV’s tax advisors.
• Prepare and manage the audit process and the relationship with each SPV’s legal and tax advisors.
• Manage the preparation and the appropriate filing of unaudited interim accounts, as required.
• Manage all financial reporting requirements of each SPV, including the relevant Stock Market Reporting and Disclosure requirements for SPVs funded by Listed Debt.
• Ensure the effective management of the financial aspects of project variations, lifecycle expenditure, benchmarking and market testing in accordance with the requirements of the Contractual Agreements and in conjunction with each SPV’s site team and the Finance and Commercial Director.
• Ensure effective and compliant treasury and working capital management in order to maximise shareholder returns and minimise risk.
• Manage each SPV’s invoicing, credit control and creditor payment cycle.
• Manage each SPV’s insurance obligations in conjunction with its insurance brokers and providers.
• Prepare and submit required statutory returns to Companies House and maintain the Vehicle records.
• Ensure that board meetings and proceedings are properly organised, conducted and recorded as required by the relevant Companies Act and the Contractual Agreements.

To be considered for this role you will -

Be a qualified accountant with relevant experience, especially -
• Experience in communicating, influencing, and presenting at senior level.
• Experience working within a compliance focused environment.
• Ability to identify potential issues surrounding a piece of complex legislation or policy and provide easily understood verbal and written analysis material and advice that is clear and comprehensive.
• Strong working knowledge of financial management matters including project finance.
• Maintenance of complex financial models using Microsoft Excel.
• Identify and analyse issues and provide expert technical accountancy advice to internal and external stakeholders.
• Present financial information in a professional report style and prepare and articulate any relevant commentaries to a high standard of written English.
The salary on offer is between £50-55k plus pension, bonus opportunity etc

Reed Specialist Recruitment Limited is an employment agency and employment business