Financial Planning Associate

2 weeks ago


Chicago, Illinois, United States ACCIONA Energía Full time
Job Summary

We are seeking an experienced Associate Financial Planning and Asset Management professional to join our team at ACCIONA Energía's US headquarters in Chicago, IL.

This role will support and manage the development of financial plans, budgets, and forecasts, as well as prepare regular performance reporting and variance analysis for key stakeholders, tax equity investors, and management.

Main Responsibilities

Financial Planning:

  • Manage the preparation of monthly, quarterly, and annual financial reporting, including forecasting and variance analysis of actual to budget and forecast to budget.
  • Lead the preparation of business planning, including preparing and maintaining budgets and forecasts, five-year business plans, tax plans, annual operating plans, and monthly and quarterly reviews.

Asset Management:

  • Manage, monitor, and optimize the financial performance of operating assets in the US and Canada, including preparation of annual budgets for tax equity investors and lenders, and monitoring cash and GAAP performance to budget.
  • Collaborate with the Power Marketing group to ensure RTO/ISO compliance.

Risk Management:

  • Assess initial and ongoing creditworthiness of counterparties, establish credit lines with counterparties, ensure appropriate bilateral collateral and credit support arrangements are in place with counterparties and RTO/ISOs, and oversee daily margin calls.
Requirements

Education and Experience:

  • BA/BS in Finance, Economics, Accounting, Mathematics, or related discipline or equivalent.
  • 5 or more years of progressive professional finance/accounting experience in a corporate environment, preferably within the fossil fuel, renewable energy, and/or power industry.

Skills and Abilities:

  • Comprehensive understanding of finance and accountancy principles, including US GAAP and IFRS, and strategic planning.
  • Ability to drive the budget process and design budget assumptions, timing deliverables within the prescribed timeframe.
  • Ability to identify areas of financial risk and develop contingency plans.
  • Solid credit analytical skills and understanding of energy-related agreements (ISDAs, EEIs, PPAs) and underlying collateral, including parent guarantees and letters of credit.

Benefits:

  • Annual Company Bonus
  • Comprehensive Benefits, including medical, dental, and vision insurance, Employee Assistance Program (EAP), HSA company contributions, and FSA options
  • 401(k) with company match and immediate vesting after 90 days
  • 15 days of PTO, 9 public holidays, and 2 flexible holidays
  • $50 monthly reimbursement for health, wellness, or fitness-related memberships and equipment
  • Career development and growth opportunities, including technical, skills, and language training programs, and tuition reimbursement


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