Debt Monitoring Manager

About Low Carbon

Low Carbon creates renewable energy to fight climate change. We’re building a net-zero energy company that will power tomorrow and protect the planet for future generations.

Low Carbon was established in 2011 with one goal in mind: to make the biggest contribution possible in the fight against climate change. The aim is to play a key role in the historic effort to move the world to 100% renewable energy.

We are a long-standing certified B-Corporation, and recognised as gold standard for environmental impact. Low Carbon’s climate ambitions are to become one of the world’s first major net-zero energy companies and to have created 20GW of new renewable energy capacity by 2030.

Low Carbon has formed a strategic partnership with the Massachusetts Mutual Life Insurance Company (MassMutual) to build a leading global renewable energy Independent Power Producer. Low Carbon is committed to the development, investment and operation of renewable energy at scale. Low Carbon invests into both renewable energy developers and projects across a range of renewable energy technologies including solar PV, wind, energy storage, waste-to-energy and energy efficiency.

With a significant international renewable energy pipeline in development, Low Carbon is well-positioned to capitalise on opportunities as the need for renewable energy and energy security increases.

We are extremely proud of the highly professional and talented team at Low Carbon. We have built a positive learning culture that incorporates respect, trust, collaboration, and a shared passion to combat climate change. It is an open, friendly and supportive environment, and we are proud to say we work here. As we grow, we are committed to increasing diversity in the team, and continuing to foster an inclusive environment where we can learn from each other.

Low Carbon is on a mission. Together, we will power tomorrow.

Role Description

We are seeking a highly organized and detail-oriented individual to join our team as a Debt Monitoring Manager. In this role, you will be responsible for managing debt facility compliance, ensuring timely submission and review of reports to lenders, overseeing debt drawdowns, managing interest and foreign exchange hedges associated with the debt, forecasting debt drawdowns, and monitoring the usage of drawdowns. The Debt Monitoring Manager plays a crucial role in maintaining the financial stability and regulatory compliance of our organization's debt portfolio, which primarily consists of construction capital for renewable energy projects in the UK, Europe, and North America.

Key Responsibilities

1. Debt Facility Compliance

• Monitor and ensure compliance with all debt facility covenants, terms, and conditions
• Review legal documentation related to debt agreements and ensure adherence to established guidelines
• Collaborate with internal stakeholders, including finance, legal to gather necessary information for compliance reporting
• Maintain a comprehensive Debt report calendar and action with relevant stakeholders

2. Reporting and Documentation

• Prepare and submit accurate and timely reports to lenders, including financial statements, covenant compliance certificates, and other required documentation
• Review and analyse financial data to ensure accuracy and consistency in reporting
• Maintain comprehensive documentation related to debt compliance activities

3. Debt Drawdown Management

• Coordinate and manage debt drawdown activities, including preparing drawdown notices, coordinating with internal stakeholders, and ensuring compliance with drawdown procedures
• Monitor and forecast cash flow requirements to optimize debt drawdowns
• Work closely with treasury and finance teams to ensure proper allocation and utilization of drawdown funds

4. Interest and Foreign Exchange Hedge Management

• Manage current interest rate and foreign exchange hedging including monitoring open hedges and settlement dates
• Monitor and evaluate the effectiveness of existing hedges and recommend adjustments as necessary to the accounting team
• Assist with setting up and executing new hedges when required

5. Debt Forecasting and Monitoring

• Develop accurate and reliable debt drawdown forecasts based on business needs and financial projections
• Monitor the usage of drawdowns, track debt balances, and provide regular reports on debt positions and trends
• Identify potential risks or issues related to debt drawdowns and propose appropriate mitigation strategies
• Update / provide inputs into financial models when required with actual and forecast debt requirements

7. Stakeholder Collaboration

• Collaborate with Senior Finance members and investment team members and other stakeholders to ensure alignment between debt compliance requirements and project execution plans
• Assist in the evaluation and due diligence of potential new projects from a debt compliance perspective
• Communicate effectively with lenders, project partners, regulatory bodies, and other stakeholders

Person Specification

• A friendly, approachable and professional manner
• An excellent communicator who builds trusted relationships with people at all levels
• Energetic, reliable, adaptable and used to using their initiative
• Highly organised, great attention to detail and a focus on getting things done
• Have a ‘hands on’ approach, visible across the business with good communication and other interpersonal skills
• Be an enthusiastic and committed team player who will work well with the Team’s key customers and stakeholders

Skills & Experience

• Demonstrable experience in working with different debt facilities within a Group Structure organisation
• Experience collaborating with Investment and Finance teams on debt compliance
• Strong influencing and communication skills, comfortable presenting to senior management
• Excellent Excel & strong PowerPoint skills
• Qualified Accountant – ACA / ACCA / CIMA
  
• Demonstrable relevant experience in Debt Monitoring

Our Benefits

• 26 days holiday plus your birthday off (with option to buy a further 5 days)
• Discretionary Bonus
• Annual Bupa Health Check
• Private Healthcare for you and your family (medical history disregarded)
• Contributory Pension
• EV Car scheme
• Cycle scheme
• Season Ticket Loan
• Sodexo for commercial discounts and perks