Finance Associate

EDP Renewables is a global leader in the renewable energy sector and the fourth-largest wind energy producer. With a sound development pipeline, first-class assets, and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 28 markets.

Our company is part of EDP, a global energy group present in around 30 markets with a particular emphasis on renewable energies. With more than 45 years of experience, we have been consolidating a relevant presence on the world energy scene based on the commitment to be all-green by 2030, leading the energy transition. With more than 13,000 employees around the world, we are committed to using our energy and heart to drive a better tomorrow.

The candidate will be expected to work in the EU Capital Structuring within the Corporate Finance team. The main activity of work is supporting the daily financial management of the assigned Business Units (BU) to manage business finance activities.

The candidate will analyse, prepare and execute the financial processes necessary for the financial viability of the projects being the most outstanding (i) assist in the assessment of the financing alternative and conditions to determine the adequate financial structure of the projects in time both in the construction phase and in the exploitation phase, whether short term or long term, including the preparation of financial models to run sensitivities, (ii) contribute in the contractual implementation of the selected source of financing (internal or external contracts, internal or external authorizations, etc.),

either via corporate finance or via project finance, (iii) support the management for determination of the necessary interest rate and currency hedges, if any, and their monitoring during the term of such hedges, (iv) preparation and reporting of the covenants associated with project financing, (v) preparation and monitoring of project cash flow forecasts, and (vi) preparation of internal and external presentations and reporting.

The role will mainly entail the identification, quantification, mitigation and monitoring of financial risks impacting the EDP Group across all its geographies and businesses.

You will be responsible for,

• Support the EU Capital Structuring Direction to implement and manage the appropriate financial structure of the projects/companies, keeping in mind the following objectives:
• Support in the definition of the potential funding scenarios and develop sensitivity analysis; highlighting impacts in terms of profitability using excel based financial models.
• Develop specific skills in financing solutions adopted in different platforms and engage the local teams in new projects.
• Follow-up on the project´s finance structure evolution at various stages; as described during the internal analysis, the approval process and implementation stage.
• Responsible for supporting the scheduling activities related to the financial area (long-term funding, bridge, equity and hedging).
• Maintaining updated relations with financial institutions and negotiations with financial institutions and other entities, if it is the case, including Due Diligence processes.
• Assist with gathering and presenting necessary information required by the shareholders.
• Ensure the general financial management of each assigned business unit, namely,
• Perform the financial activities based on systems and processes under appropriate internal control.
• Perform on a periodically basis the Cash Flow Forecast, towards an accurate and timely prediction of the assigned BUs' funding needs, matched with the sources of funding and implement the necessary measures to mitigate deviations in relation to Budget/Forecast.
• In coordination with the Corporate Global Treasury Department, supervise, evaluate and approve the cash requests issued by the assigned Bus.
• In coordination with the Corporate Finance Department, assist on the required Credit Support for the Projects;
• Perform on the finance activities, monitoring and reporting on financial performance, namely in relation to financial liabilities and assets, equity and…