Purpose for this role:

The successful candidate will be a key member of the Senior Leadership Team at Enel Green Power Espana Solar 1, S.L. (the 'Company'), responsible for overseeing the following activities:

• Treasury & corporate finance activities (debt, budget, accounting, tax and cash/funding management)
• Governance & DoA oversight
• Commercial analysis and project finance

Statutory accounting, management accounting, and internal controls:

• Prepare balance sheets and income statements for the Company and its subsidiaries/investee entities, adhering to International Financial Reporting Standards (IFRS) and applicable local accounting rules.
• Prepare financial reports for the Board (minimum 4 times/year) and monthly financial reports for the lenders and the Company’s shareholders.
• Prepare monthly Management accounts.
• Monitor and report on the performance of the Company against the business plan (including review and sign-off on the monthly P&L variances).
• Review and sign off on payroll on a monthly basis.
• Manage the tax compliance process in order to support the enforcement of compliance with Company policies, taxation obligations, and reporting requirements.
• Lead the finance team to provide support and guidance relating to operational tax compliance and reporting to support financial statements and operational excellence in the planning and delivery of tax advice.
• Review and assess with tax advisors the tax implications and risks associated with transactions, financing / re-financing, investments, operational changes, and expansions, to support commercial decision-making.
• Liaise with and manage relationships with external tax advisors, as well as other transaction advisors (e.g., legal, accounting).
• Provide VAT support for both complex and routine transactions within the group.
• Oversee the tax strategy for the Company.
• Provide input into investments and projects that are going through to Company or shareholder approvals.
• Perform risk management by analyzing the organization’s liabilities and investments.

Corporate financial budgeting and forecasting exercises:

• Lead the annual budget and business plan development process.
• Manage the Company’s budget and handle any ad-hoc requests for forecasts.
• Provide a comprehensive capital and operating expenditure plan for the business and generate reports and updates as needed.
• Manage, monitor, and advise on projects’ budgets and finances, ensuring key performance metrics are measured and monitored at all points.
• Ensure Board presentations are prepared on time and reviewed.
• Ensure that all reports are prepared in a timely manner and are accurate and relevant.
• Engage with the Board as required, providing updates and guidance on activities.
• Lead and manage the financial audits and the relationship with auditors.
• Oversee the establishment and implementation of finance-related policies and procedures.
• Develop financing strategies to support the Company’s growth and business plan.
• Control and evaluate the organization’s funding requirements and capital structure.
• Oversee debt-raising activities at either a Company or project level.

Preferred Qualifications:

• Bachelor’s degree in Business, Finance, or a related field.
• Qualified accountant (ACA, CA, ACCA).

Preferred Experience:

• At least 10 years of experience, with at least 5 years in managing finance teams.
• Experience gained with large multinational organizations, including interaction with top-tier international advisory firms.

Job-Specific Skills:

• Strong knowledge of accounting principles, IFRS standards, project finance, international taxation, and VAT.
• Excellent verbal and written communication and presentation skills, with the ability to clearly and confidently convey information and ideas.
• Strong strategic thinking and problem-solving abilities.
• Proven experience in interacting with board members and demonstrating excellent governance.
• Strong leadership abilities, with a proactive approach and initiative in delivering work.
• Excellent analytical skills and the ability to quickly and accurately assimilate financial information.
• In-depth knowledge of business operations and assets, with the ability to provide tailored tax advice.

MUST BE: Proficient in both English and Spanish as this role is based in Madrid, Spain. 

Masdar is one of the world’s fastest growing renewable energy companies and a green hydrogen leader, placing the UAE at the forefront of the energy transition.

As a pioneer in advancing the clean energy sector and a key enabler of the UAE’s vision as a global leader in sustainability and climate action, Masdar has developed projects in more than 40 countries across six continents and has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion.

Masdar unites the UAE’s three energy champions – Mubadala, ADNOC and TAQA – and will utilize their combined expertise to fulfill its purpose as a global clean energy pioneer across renewables and green hydrogen.

Promoting innovation in solar, wind, energy storage, waste-to-energy, and geothermal energy, Masdar has a proven record of delivering pioneering projects using cutting-edge clean energy technologies, that are commercially viable and bankable.