Vårgrønn is hiring for a Senior Finance Analyst to join their team in London or Oslo.
Vårgrønn is an agile, Norway-based offshore wind company powering the energy transition through development, construction, operation, and ownership of offshore wind assets. Vårgrønn is a joint venture between the energy company Plenitude (Eni) and the Norwegian energy entrepreneur and investor HitecVision.
Vårgrønn holds a 20% share in Dogger Bank, the world’s largest offshore wind farm under construction, and has together with Flotation Energy been awarded exclusivity to develop the two floating offshore wind projects Green Volt and CENOS in Scotland with a combined capacity up to 1.9 GW. Green Volt is on track to become Europe’s first commercial scale floating offshore wind farm.
We are collaborating with Equinor to develop a floating offshore wind project at Utsira Nord in Norway of up to 750 MW. In Ireland, we are partnering with Energia Renewables to develop offshore wind projects of up to 1.8 GW. Vårgrønn is leading a collaboration with European Energy towards the upcoming auction rounds in Lithuania, Latvia and Estonia. With a target of multiple GW by 2030 from offshore wind in operation or development, our organisation is based in Stavanger, Oslo, and London, and is expanding to meet our strategic goals and drive offshore wind forward in Northern Europe.
Read more about Vårgrønn: https://www.vargronn.com
Responsibilities
- Play a key role in executing debt transactions to finance offshore wind projects
- Play a key role in project finance loan execution, including market soundings, due diligence and negotiation of the loan documentation
- Liaise with financial, legal, technical, insurance, hedging and tax advisers
- Work closely with technical / engineering colleagues to optimise contracts & decisions and to plan our inter-related work streams
- Vet all project costs (DevEx, CAPEX, OPEX), advise on cost optimisation, and ensure all costs are accurately reflected in the model
- Review due diligence reports closely; coordinate Q&A from advisers and lenders
- Participate in the formation and execution of the hedging strategy including for interest rates, inflation and foreign exchange
- Contribute to clearing the conditions precedent (CPs) to disburse the loan and monitor loan compliance, including reporting
- Prepare external and internal presentations
- Other ad-hoc project requests and analysis
Requirements
- BS/MA degree in Finance, Accounting, Economics or similar
- Experience with project finance as a lender, adviser or sponsor
- Proven experience in project finance debt execution
- Experience in the renewable sector, particularly offshore wind, is desirable but not a requirement
- Strong organization and planning skills, with ability to meet deadlines
- Advanced proficiency in Microsoft Excel and PowerPoint
- Excellent analytical and problem-solving skills
- Excellent written and verbal communication skills
- Create an open and trusting working relationship within team – contribute to a healthy and effective work environment
What’s in it for you?
- An engaging work environment in a young company with a shared mission: to power the energy transition
- Challenging, varied, and meaningful work tasks
- Room and encouragement to be independent and innovative
- Flexibility in how you approach tasks and projects
- A strong focus on work-life balance, with initiatives in place to support your well-being
- Investment in your professional and personal development
- A wide range of employee benefits designed to support your overall well-being
