Financial Accountant - SPV & Fund Accounting (Associate Level)

NextEnergy Group

THE ROLE The Head of Finance needs to provide strategic leadership, governance, and end‑to‑end oversight across the finance function, including all third‑party and outsourced finance arrangements. The role ensures the organisation delivers accurate, compliant, and scalable financial outcomes across multiple entities, geographies, and operating models. As a senior finance leader, the role acts as a trusted partner to senior leadership, providing insight, challenge, and direction to support high‑quality decision‑making, operational resilience, and sustainable growth.   KEY RESPONSIBILITIES Financial Management & Reporting * Oversee statutory accounts and Group reporting (Local GAAP/IFRS) * Ensure timely monthly, quarterly, and annual reporting * Manage external audits and auditor relationships * Supervise NAV reporting (where applicable) Portfolio & Asset-Level Oversight * Monitor portfolio performance (revenues, EBITDA, cash flow) * Oversee SPV accounting and intercompany reconciliations * Ensure compliance with financing agreements (covenants, DSCR, distributions) * Support acquisitions, disposals, and refinancing processes Budgeting, Forecasting & Analysis * Lead annual budgeting and rolling forecasts (P&L and cash flow) * Deliver variance analysis and actionable insights Treasury & Cash Management * Oversee liquidity planning and cash flow forecasting * Manage banking relationships * Coordinate with debt management teams to ensure compliance * Supervise payments and capital allocation Tax & Compliance * Coordinate tax planning and risk mitigation with external advisors * Ensure compliance with VAT, WHT, and international tax regulations * Oversee transfer pricing processes Internal Controls & Governance * Implement strong financial controls and processes * Ensure compliance with corporate governance and fund requirements * Drive continuous improvement and transformation initiatives Team Leadership * Lead and develop finance teams (accountants, controllers) * Manage day-to-day operations and workload allocation * Foster a high-performance, collaborative culture Stakeholder Engagement * Act as key contact for investors, lenders, and senior stakeholders * Support fundraising and due diligence processes * Prepare board-level reports and investor presentations   SKILLS & COMPETENCIES * Advanced financial modelling and analytical capabilities * Strong expertise in accounting systems and Excel * Experience with consolidation and reporting tools * Strategic mindset with strong commercial acumen * Leadership and team management skills * Excellent stakeholder management * High attention to detail and accuracy   EXPERIENCE & QUALIFICATIONS * Degree in Finance, Accounting, or Economics (ACA / ACCA / CFA preferred) * 7+ years’ experience in finance roles, ideally within: * * Asset management * Renewable energy / infrastructure * SPV-driven environments * Strong knowledge of: * IFRS and Local GAAP * Project finance and structured finance * Multi-entity, multi-jurisdiction operations   WHAT WE OFFER * A busy role in a supportive team, with plenty of opportunities to learn * International scope – we operate in over 8 countries * Hybrid working – we will need you in the central Milan office at least three times a week, but you will normally be able to work remotely for the remainder of the week * BUPA Healthcare for you and qualifying dependents * Annual discretionary bonus.   HOW TO APPLY If you are interested in this opportunity, please follow the link to apply or send your application to careers@nextenergygroup.com. If you have been shortlisted for the next stage, we will be in contact within 14 days. By selecting “Apply” or sending us your CV, you indicate you have read and acknowledged NextEnergy Group’s Candidate Privacy Notice.   DIVERSITY AND INCLUSION Our approach to diversity and inclusion is a natural extension of our values. Our entrepreneurial culture inspires us to try new things, be open to different viewpoints and be bold. Our Group is committed to cultivating and preserving a culture of connectedness that values difference and gives space for individual expression. The collective sum of our individual differences, life experiences, knowledge, innovation, self-expression, talent and hard work form the bedrock of who we are and who we aspire to be. We are committed to equal employment and advancement opportunity irrespective of race, colour, ancestry, social background, religion, gender, national origin, sexual orientation, age, citizenship, marital status, disability and gender identity.   ABOUT US  NextEnergy Group was founded in 2007 to become a leading market participant in the international solar sector.  Since its inception, it has been active in the development, construction, and ownership of solar assets across multiple jurisdictions.  NextEnergy Group operates via its three business units: NextEnergy Capital (Investment Management), WiseEnergy (Operating Asset Management), and Starlight (Asset Development). NextEnergy Capital manages the Group's investment activities and has invested in over 520 solar plants, exceeding 2GW in capacity across its institutional funds. * NextEnergy Solar Fund (NESF): Listed on the London Stock Exchange, NESF manages 102 solar and energy storage assets in the UK and Italy, with a total installed capacity of 983MW and a gross asset value of £1,014m. * NextPower II (NPII): A private fund of 105 solar plants (149MW) focused on Italy, successfully divested in January 2022, delivering net IRRs exceeding its 10-12% target. * NextPower III ESG (NPIII ESG): A private fund targeting solar infrastructure in OECD countries (e.g., US, Spain, Italy), with $896m raised, exceeding its $750m target. * NextPower UK ESG (NPUK ESG): A private fund dedicated to new-build solar plants in the UK, with ~£600m raised. * NextPower V ESG (NPV ESG): A private OECD solar fund investing in solar and adjacent technologies like battery storage. To date, it has raised $745m, targeting $1.5bn ($2bn ceiling). WiseEnergy® is NextEnergy Group’s operating asset manager.  WiseEnergy is a leading specialist operating asset manager in the solar sector.  Since its founding, WiseEnergy has provided solar asset management, monitoring, technical due diligence and under construction services to over 1,500 utility-scale solar power plants with an installed total capacity in excess of 3.4 GW.  WiseEnergy clients comprise leading banks and equity financiers in the energy and infrastructure sector.  Starlight is NextEnergy Group’s development company that is active in the development phase of solar projects.  It has developed over 100 utility-scale projects internationally and continues to progress a large pipeline of c.10GW of both green and brownfield project developments across global geographies. NextSTEPis the venture capital fund of NextEnergy Group, dedicated to investing in innovative startups in the field of environmental sustainability. The fund primarily focuses on investments in Italy and the United Kingdom but also extends its reach to the rest of Europe and the United States, targeting startups in the pre-seed and seed stages. NextSTEP pays particular attention to emerging entities from incubators, startup accelerators, universities, and research centers, supporting projects that address global challenges in crucial areas such as Climate Change, Energy Transition, CO2 Capture and Sequestration, Circular Economy, Sustainable Cities, Sustainable Mobility, Sustainable Fashion, Waste Management, Water and much more. NextEnergy Foundation is a non-profit organisation founded in 2016 by the NextEnergy Group that operates internationally and whose mission is to proactively participate in the global effort to reduce carbon emissions by providing clean energy sources in regions where they are not yet available and thereby contributing to poverty reduction. As the main sponsor of this foundation, the NextEnergy Group donates at least 5% of its consolidated net profits each year. The NextEnergy Foundation has no overhead costs and therefore 100% of the funds raised go to donations for the various projects. Since 2016, in 8 years of operation the foundation has donated more than £1.2 million, supporting over 30 projects in 27 different countries around the world.

Sereact

Who We Are We build the intelligence that lets robots sense, reason, and act in the real world—moving beyond the lab and into everyday industrial settings like warehouses and factories. Our technology closes the automation gaps that traditional systems can't solve. We are on a mission to redefine how physical work gets done, and we're looking for curious, bold thinkers to help shape the future of robotics with us. Overview As Sereact scales, financing our robotics deployments becomes a strategic capability in its own right. We are looking for a Director Asset-Backed Financing based in Stuttgart to build our ABF program from zero—incorporating the SPV, designing the structure, raising the debt, and running the vehicle long-term. This is a true founder-style mandate inside Finance: you start with a blank page, a supportive Board, and Tier 1 investors, and you own the program end-to-end. Your Responsibilities: Program Design & SPV Setup * Design Sereact's asset-backed financing program from the ground up—asset class definition, eligibility, structure, jurisdiction, tax and accounting treatment. Incorporate the SPV(s): * select jurisdiction, engage corporate services providers, set up governance, bank accounts, and the operational infrastructure required to run a financing vehicle. * Work with external counsel, tax advisors, and auditors to put the legal and accounting architecture in place—true-sale opinions, security packages, servicing arrangements. Fundraising for the SPV * Own the debt fundraising process end-to-end: build the lender universe, prepare the data room, run the process, negotiate term sheets, and drive transactions to close. * Engage banks, private credit funds, and alternative lenders—starting with a first warehouse or seed facility and progressing to larger or syndicated structures over time. * Build and maintain ongoing relationships with debt capital providers as a repeatable funding channel. Structuring & Modeling * Build the cash flow models, waterfalls, and capital structure analyses that underpin every facility. * Define and negotiate advance rates, eligibility criteria, concentration limits, covenants, triggers, and reserve mechanics. * Pressure-test structures against downside scenarios and ensure the vehicle remains robust as the asset pool scales. Running the Vehicle * Stand up the operational backbone of the SPV: borrowing base calculations, lender reporting, compliance certificates, servicer reports, audit trails. * Own data quality end-to-end—from the operating company's source systems to the data tape that lenders see each month. * Manage amendments, waivers, upsizes, and refinancings as the program matures. Strategic Partnership * Partner with the CEO, Director Finance, and Commercial leadership to align the financing program with commercial models such as Robotics-as-a-Service, equipment leasing, or customer financing. * Advise on contract design, pricing, and unit economics where financing structures create constraints or unlock new offerings. * Brief the Board and equity investors on the program—capacity, cost of capital, and the trade-off between dilutive and non-dilutive funding. Qualifications: Education & Experience * Bachelor's or Master's degree in Business Administration, Economics, or a related field with a focus on Finance. * 5+ years of practical experience in structured finance, securitization, asset-based lending, or private credit, ideally a mix of originating-side (investment bank, structured finance desk, debt fund) and borrower-side (corporate treasury or finance team that has closed an ABF facility). * Demonstrable track record of taking at least one asset-backed structure from concept to close. Experience financing hardware, equipment, or recurring-revenue contracts is a strong plus. Soft Skills * A builder's mindset with high ownership—energized by a blank page and willing to do the unglamorous setup work alongside the strategic negotiation. * Strong commercial judgment and a pragmatic approach to structuring in a technology-driven environment. * Excellent communication skills—able to translate structured finance concepts for Founders, engineers, and Board members alike. * Fluency in written and spoken English (German optional). Our interview plan: * Application * Take‑home assignment: A short structuring case with clear instructions and a deadline—size a facility for a hypothetical asset pool, propose a structure, flag the key risks. * Cultural fit interview (40 min): A conversation about how you work, what motivates you, and what you're looking for. Expect CV highlights, your "why," and time for your questions. * Interview with our Director Finance (60 min): A discussion on capital strategy, prior deals, and how the role connects to company priorities. * On‑site visit: Meet the team and one of the Founders at our office and collaborate on a real challenge similar to the work you'd do here. You'll get a clear feel for the environment and ways of working. What We Offer: * Wellpass (gym membership) * Flexible working hours * Option to work from home * A genuine zero-to-one mandate in an innovative AI-robotics startup: build the SPV, raise the debt, run the program * Direct exposure to Founders, Board, and international Tier 1 investors * A motivated team and an open corporate culture * Competitive compensation and excellent opportunities for development

Marshmallow

We’re on a mission to make migration easy. We started building Marshmallow in 2017. Since then, we’ve grown from 3 to 700+ people, gained unicorn status, raised ~£140M over three funding rounds, turned profitable, insured millions of drivers and lent millions in car loans. But we’re only just getting started. Our goal is to become one of the largest financial services providers in the world. Over the next 10 years we’ll grow exponentially, not only by scaling our existing products, but also by building new ones. To achieve our goals we need incredibly ambitious, commercially driven people who never settle for ‘good enough’. Marshmallowers are hungry for autonomy and ownership, and would rather improve than coast. Everyone raises standards and has an impact, with a focus on collective success over self-interest. We’ve created an environment where curious, tenacious people win and grow together. If that sounds motivating, this could be the place for you. About the role This is a senior individual contributor role and the Controllership team's primary technical accounting expert. You will own the most complex and judgement-intensive accounting areas across the Group — spanning the UK insurance broker, claims handling, car finance and its associated SPV structure, and the Group holding company — and act as the go-to resource for the team, business stakeholders, and external auditors on technical accounting matters. You will work with a high degree of autonomy, reporting directly to the Group Financial Controller. You are expected to solve complex problems independently, document and defend accounting positions to audit standard, coach more junior colleagues, and communicate clearly to senior stakeholders across Finance and the wider business. This role sits at the heart of the Group's effort to close legacy accounting gaps, maintain audit readiness, and build controls that scale as Marshmallow grows. London (hybrid, 3 days in office) What you'll own Technical accounting across the Group * Own and maintain Group accounting policies across all entities in scope, ensuring alignment with FRS 102 and applicable regulatory requirements * Lead the Group's FRS 102 (2026 amendments) impact assessment and transition — with particular focus on revised revenue recognition and expected credit loss provisions across the business * Be the authoritative internal voice on complex, judgement-intensive areas across the Group including: share-based payments, capital development and intangibles, lease accounting, bad debt provisioning and impairment, periodic payment orders (PPOs), HP loan recognition and ECL provisioning, and SPV accounting * Own the technical accounting for the car finance business and its associated SPV structure * Own the technical accounting for the UK insurance broking and claims handling businesses * Drive resolution of legacy technical items and prior year audit findings — working through open issues to root-cause resolution rather than one-off workarounds Revenue recognition — transformation workstream * Lead the documentation and review of revenue recognition policies across the business, ensuring they are accurate, consistently applied, and fit for audit scrutiny * Own the technical accounting perspective on the revenue data workstream — understanding how revenue flows are constructed, identifying any gaps between accounting policy and practice, and driving remediation where needed * Work cross-functionally with Engineering, Data, and FP&A to ensure the financial reporting of revenue is grounded in a robust and well-documented technical foundation Insurance knowledge — Group-level review and challenge * Insurance industry knowledge is a core requirement of this role — while BAU technical accounting for the Group's insurance underwriting entity (based in Gibraltar) sits with a separate Finance team, you will be expected to review, challenge, and engage with Gibraltar Finance team from a Group perspective * This includes understanding earned premium, technical provisions, reinsurance accounting, and the financial reporting implications of the Group's insurance structures — and being able to apply that understanding in Group consolidation and in conversations with auditors * You will bring a Group finance lens to insurance-related accounting questions arising across the business Audit readiness & accounting quality * Prepare and review complex balance sheet reconciliations and accounting entries across the entities in scope, maintaining the quality and evidencing standard required for external audit * Act as the primary Finance contact for external auditors on technical accounting judgements — prepare clear, well-evidenced documentation for complex or contested positions * Proactively identify and close accounting quality gaps, with a focus on sustainable fixes that hold up to scrutiny in future audit cycles Coaching & cross-functional collaboration * Actively coach and develop more junior colleagues on technical accounting topics — raising the overall capability of the team is a genuine expectation of this role, not a secondary duty * Work alongside FP&A, Actuarial, Legal, and new business teams to embed technical accounting requirements early in product and process design * Support the Group Financial Controller in preparing clear technical accounting analysis for senior Finance stakeholders What we're looking for Technical accounting knowledge * ACA, ACCA or equivalent — fully qualified, with substantial post-qualification experience in a technical accounting or senior controllership role * Insurance industry knowledge is essential — you must have a working understanding of insurance accounting (earned premium, technical provisions, reinsurance structures) and be able to apply and challenge it at Group level from day one * Advanced, demonstrable command of FRS 102 and/or IFRS, with a track record of applying complex standards and documenting accounting judgements to audit standard * Experience with car finance or consumer credit accounting — HP income recognition, IFRS 9 / ECL, and ideally SPV or securitisation structures — is a strong advantage * Comfortable passing on technical knowledge and coaching colleagues — the expectation is that you actively raise the team's technical capability, not just your own output Background & experience * Big 4 audit background is a plus, particularly with insurance or financial services clients — the ability to construct and evidence robust accounting positions is directly relevant to how this team engages with its auditors * Experience in a multi-entity group structure with consolidated reporting across UK GAAP / FRS 102 * Prior exposure to FCA-regulated or insurance-regulated environments is strongly preferred Data & systems * Advanced Excel; strong working knowledge of ERP systems — NetSuite experience is an advantage * Able to work with large and imperfect data sets; comfortable deriving well-supported conclusions where source data has gaps * Familiarity with BI tools such as Looker or Snowflake is useful but not required How you work * Takes ownership of complex, multi-workstream problems and sees them through independently — escalates selectively and with good judgement * Presents highly complex analysis clearly to both technical and non-technical audiences * Proactively identifies control risks and improvement opportunities rather than waiting to be directed * Comfortable in an environment where process maturity is still developing — building rigour is part of the job, not an obstacle to it PERKS & BENEFITS * Bonus scheme designed to reward high performance * Private medical insurance with Vitality, mental health support with Oliva * Personal learning budget and 2 dedicated L&D days a year * Monthly flexible benefits budget to spend as you choose * 25 days holiday plus bank holidays * 4 weeks Work From Anywhere per year We are in a position to offer sponsorship and/or a visa for this position OUR PROCESS Here's what to expect: 1. Intro call with our Talent team (30 mins) 2. Skills and experience interview the hiring manager (1 hour) 3. Task-based interview (1 hour) 4. Values and ways of working interview (1 hour) We review every application and will always let you know the outcome - though we're unable to provide individual feedback at application stage. Diversity of thought We know the best ideas come from having different perspectives in the room - and we're committed to hiring fairly, regardless of background, identity or experience. If you see yourself in this role, we'd encourage you to apply.