Meraki Talent are retained by Forsa Energy to appoint a permanent Group Financial Controller based in either Edinburgh or Greenock.
The Company
Forsa Energy (“Forsa”) was established in to develop, construct, own, and operate energy assets across Europe. Until September, Forsa Energy was known as Velocita Energy Developments and Renewables. The renewables business subsequently built approximately MW of wind projects in the UK and France.
Following the successful sale of these businesses, the company made a strategic decision to broaden its technology base beyond onshore wind and rebranded under the name: “Forsa Energy”. Forsa's flexible generation business was established in mid- to meet the growing market demand for reliable, flexible generation capacity to support the grid. The initial focus was on reserve gas generation using reciprocating engine technology, which was immediately commercially viable. The team has successfully developed, financed, and built twelve operational sites, totalling approximately MW.
Forsa is now embarking on the next stage in its transition to an Independent Power Provider (IPP) and is adding onshore wind and solar to the portfolio of gas assets. This will be monetised through the skills of our in-house trading function who trade the generation of Forsa owned assets as well as 3rd party assets. To complete the vertical integration, an in-housed O&M function provides services to both owned assets as well as third-party operations. Forsa owns and operates flexible gas generation assets in the GB power & gas market. We are currently looking to further develop our capabilities in the GB power markets in order to improve the way we make commercial decisions and adapt to an ever-changing market.
In November, the Forsa Energy was purchased by Tiger Infrastructure Partners.
Role Purpose
Given the success Forsa is experiencing and the ongoing planned growth, a fantastic opportunity has arisen for an experienced Group Financial Controller to come and join the Forsa Team.
The role of Group Financial Controller is fundamental to managing our organisation's financial performance and directing our accounting operations. The role will aid our organisation in maintaining positive revenue and financial growth, formulating sound financial strategies, implementing proper internal controls, achieving organisational targets, and developing financial plans that support organisational strategy.
The Group Financial Controller will possess strong analytical skills, exceptional problem-solving skills, a flair for numbers, be highly organized, and have excellent leadership skills.
The role requires a blend of hands-on involvement in daily, weekly and monthly routines along with strong awareness of the development of systems and processes as the business grows and becomes more complex.
The role will report to the Chief Financial Officer and will operate in a multi-disciplined team with exposure to all parts of the Forsa Business. Alongside the skills the candidate will bring, Forsa has many talented individuals with track records of technical excellence in the development of high-quality power generation projects.
Role Accountabilities
Group Financial Controller duties and responsibilities include:
* Managing accounting records
* Evaluating and managing risk
* Ensuring compliance with regulations,
* Preparing financial statements
* Managing the annual budgeting process
* Producing a full suite of:-
1. Monthly reports
2. Board Reports
3. Lender and Funder reports
4. Ad-hoc reporting
* Overseeing accounting operations (Management Accountant and Accounts Assistant)
* Analysing financial data, monitoring expenditure, forecasting revenue,
* Coordinating annual auditing and tax processes, and ensuring accuracy of financial information.
* Maintaining excellent relationships with lenders and transactional bankers
* Supporting the Chief Financial Officer in negotiating borrowing agreements
* Staying up-to-date with changes to legislation, particularly in relation to laws, rules and regulations that directly affect your business and specific industry.
* Liaising with senior members of staff.
* Coordination of monthly payroll with outsourced payroll providers
* Coordination of staff benefits, including group pension
What You'll Bring
* Qualified Accountant with strong post qualification experience
* A proven track record within financial management/leadership roles
* Strong group finance experience – multiple entities & consolidations
* Excellent communication & stakeholder management skills
* A desire to expand beyond group finance responsibilities and support commercial, investment, strategic objectives & activities
* Energy, Renewables or Infrastructure sector exposure would be advantageous but not essential
Why Join Us
The Group Financial Controller can be based in Edinburgh (central) or Glasgow (Greenock) with flexible
working options. The role will be required to travel on occasions to other offices & sites through-out the UK.
The position will offer:
* Highly competitive base salary
* Discretionary bonus
* Participation in share scheme (after successful probation completion)
* 10% employer pension contribution
* Health care
* 25 days annual leave + public holidays
* 9-day fortnight
* Flexible and hybrid working
Next Steps
Please don't hesitate to contact John Gilbertson or Greg McDermott for a private & confidential discussion regarding this exceptional permanent opportunity - or
A full position profile is available upon request from suitable applicants.
All third-party and direct applications will be forwarded to Meraki Talent for review.