Vice President of Treasury and Commercial Finance

Fluence

1910

Arlington, VA, USA, United States

Posted on: 2023-10-13

Category: energy

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Expired

Employment type:

Full time

Experience required:

Intermediate

Salary

Salary not provided

About the company:

Fluence Energy, Inc. (“Fluence”) (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future.

About Fluence: Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and optimization software for renewables and storage. With a presence in over 47 markets globally, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled SaaS products for managing and optimizing renewables and storage from any provider. Fluence is transforming the way we power our world by helping customers create more resilient and sustainable electric grids.

For more information, visit our website, or follow us on LinkedIn or Twitter. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog.

OUR CULTURE AND VALUES

We are guided by our passion to transform the way we power our world. Achieving our goals requires creativity, diversity of ideas and backgrounds, and building trust to effect change and move with speed.

We are Leading

Fluence currently has thousands of MW of energy storage projects operated or awarded worldwide in addition to the thousands of MW of projects managed by our trading platform—and we are growing every day.

We are Responsible

Fluence is defined by its unwavering commitment to safety, quality, and integrity.

We are Agile

We achieve our goals and meet our customer’s needs by cultivating curiosity, adaptability, and self-reflection in our teams.

We are Fun

We value the diversity in thought and experience of our coworkers and customers. Through honest, forthcoming, and respectful communications we work to ensure that Fluence is an inclusive and welcoming environment for all.

The Vice President of Treasury and Commercial Finance is responsible for the overall balance sheet of the company and key finance support to all commercial and capital markets transactions within the company. This role provides overall direction and ownership of the corporate treasury function including capital allocation, capital markets transactions, project finance support for any commercial deals and operating treasury activity.

This leader will assist in developing the long-term capital structure and capital allocation strategy and will be responsible for determination of cash requirements, short-term cash investments and maintenance of appropriate cash flow. This leader will establish short-term borrowing needs and recommend short-term investing initiatives. They will direct and manage operations of the treasury function, which includes preparation and analysis of department reports, financial accounting records, cash flow analysis, credit agreement compliance and projections.

The Vice President of Treasury and Commercial Finance is also responsible for running the deal review committee, evaluating commercial deals for risk and providing project finance, deal structuring support to the global business and sales teams. This role also has ownership of company’s insurance program.

Fluence IS AN EQUAL OPPORTUNITY EMPLOYER and fully subscribes to the principles of Equal Employment Opportunity to ensure that all applicants and employees are considered for hire, promotion, and job status without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, marital or familial status.

Key Responsibilities:

Capital markets ownership and transactions:

Includes all activity associated with the balance sheet including supporting any capital raise or financing activity.

Funding and creation of any special purpose vehicles or joint venture investment.

Working capital facilities and revolvers as needed.

Manage all relationships with financial institutions supporting company’s cash management operations.

Capital allocation strategy and senior leadership / board reviews:

Develop reporting package for executive team and the Board of Directors on company’s liquidity and key cash management operating metrics.

Continually optimize company’s investment portfolio. Develop and prepare cash forecast.

Make recommendations on the capital allocation structure.

Liquidity and cash management:

Develop, implement and maintain bank account structures. Evaluate, develop and recommend fiscal policies. Responsible for liquidity management of all regions.

Develop and monitor treasury operational policies. Manage all cash management functions including cash concentration, wires and account funding. Support global cash forecasting process.

Implement new bank technologies, products and services to improve the cash cycle and simplify company operations.

Commercial Finance and deal review processes:

Working closely with global sales teams to structure deals that meet customer needs while also optimizing revenue and profitability. This includes providing any pricing and/ or structuring support on the commercial deals.

Project Finance support and deal structuring as appropriate on commercial deals including running the Project Finance model to simulate customer returns.

Lead owner for the company to run the Deal Review Committee, comprising key Executive Leadership Team and CEO to approve large commercial contracts for the company.

Collaborating with various departments, such as sales, legal, finance, and product management, to ensure that deals are aligned with the company's overall strategy and policies.

Assessing and mitigating risks associated with complex deals, including legal, financial, and operational risks.

Insurance:

Develop and implement insurance strategies that align with the company's overall objectives.

Evaluate and assess insurance risks associated with the company's operations and assets. Develop risk management strategies.

Oversee the procurement and management of insurance policies, including negotiating terms, coverage, and pricing with insurance carriers.

Manage the insurance claims process, including the investigation, negotiation, and settlement of claims.

Other Treasury initiatives:

Lead and enhance internal processes to drive operational efficiency and to ensure compliance with internal policies, controls and procedures. Lead balance sheet risk management process and activities in the company.

Demonstrate leadership and training skills to further develop managers and analysts within the department.

Direct treasury team by developing objectives and development plan in line with the organization's strategy. Regional treasurers are a direct line to this role.

Drive hedging strategies, policy and execution across the company. Create processes and dashboards to manage derivative exposure including commodity and foreign exchange risk.